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Power Grid approves Rs 3.41 billion for two transmission projects

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The Committee of Directors (CoD) on investment of projects at Power Grid Corporation of India Limited (PGCIL) has approved two major transmission projects, with a total investment of Rs 3.41 billion. The approval was granted on March 13, 2025. The first project “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-B in Jammu & Kashmir” is divided into two parts: Part I: Estimated cost of Rs 1.77…

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Rajasthan Power Grid Transmission Company formed as JV between PGCIL and RVPN

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Rajasthan Power Grid Transmission Company Limited (RPTCL) has been incorporated as a joint venture between Power Grid Corporation of India Limited (POWERGRID) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The venture is structured with a 74% equity stake held by POWERGRID and a 26% share by RVPN. The objective of RPTCL is to develop the Intra State Transmission System within the state of Rajasthan, enhancing its power infrastructure.  In October 2024, POWERGRID and RVPNL…

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EIB and EDP secure €700m loans for renewables and grid expansion

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The European Investment Bank (EIB) and Portuguese utility EDP have signed two loan agreements worth €700 million ($726.8 million) to fund renewable energy projects and expand the power grid in southern Europe. A €500 million loan, part of a €900 million green framework, will support EDP Renewables in deploying 1,943 MW of solar and onshore wind capacity across Portugal, Spain, and Italy by 2026.  These installations will generate green energy for over one million households…

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CERC grants transmission licenses for three projects in Rajasthan and Gujarat

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In recent orders, the Central Electricity Regulatory Commission (CERC) has granted transmission licences to three projects:  Khavda Phase-IV Renewable Energy Project:CERC has granted a transmission license to POWERGRID Khavda IV-E2 Power Transmission Limited, a subsidiary of Power Grid Corporation of India Limited (PGCIL).  The project, part of Gujarat’s Khavda Phase-IV (7 GW), will operate under the Build, Own, Operate, and Transfer (BOOT) method. It includes the augmentation of transformation capacity at the Khavda Power Station…

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Schneider Electric Infrastructure reports 14.3% growth in order backlog

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Schneider Electric Infrastructure Ltd (SEIL) has reported a 14.3% year-on-year growth in its order backlog, which stood at Rs 13.89 billion as of September 30, 2024. The company also noted robust growth in order inflows during FY25. In Q2FY25 (July to September), SEIL achieved an order inflow of Rs 5.72 billion, a 16.3% increase from Rs 4.92 billion in Q2FY24. For H1FY25 (April to September), order inflows rose by 17.5%, totalling Rs 11.04 billion compared…

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Power Grid acquires Bikaner A and B Transmission Projects for Rajasthan REZ

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Power Grid Corporation of India Ltd (PGCIL) has acquired Bikaner A Power Transmission Ltd (BATPL) and Bikaner B Power Transmission Limited, both established to support the “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]” on a build, own, operate, and transfer (BOOT) basis.  The acquisition from REC Power Development and Consultancy Limited (RECPDCL), the bid process coordinator, was completed on November 11, 2024.

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Sterlite Power wins contract of Rs 682.5 million from PGCIL

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Sterlite Power Transmission Limited has secured a contract worth Rs 682.5 million from Power Grid Corporation of India Limited (PGCIL) for reconductoring Package OH01. The package includes the reconductoring of the 220 kV Hisar (PG) to Hisar (IA) single circuit line and the 400 kV Raichur to Veltoor (Mahabubnagar) line with high-tension low-sag (HTLS) conductors.  This project involves reconductoring the transmission line and upgrading the 400 kV bays at Raichur and Mahabubnagar to fully utilize…