Power Grid

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Power Grid acquires Davanagere project SPV for transmission strengthening
By September 25, 2025October 28, 2025

Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Davanagere Power Transmission Limited (DPTL). POWERGRID was declared the successful bidder for the “Transmission system strengthening at Davanagere for integration of renewable energy generation” project under the TBCB route. The company received the Letter of Intent on 27 August 2025. The acquisition of DPTL was finalised on 24 September 2025, with REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of…

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India | News

PFC incorporates SPV for transmission project between SR Grid and ER Grid
By August 25, 2025August 25, 2025

Power Finance Corporation Ltd (PFC) has announced the incorporation of SR and ER Power Transmission Limited as a wholly owned subsidiary of PFC Consulting Ltd, according to its stock exchange filing dated August 22, 2025. The special-purpose vehicle has been created for the development of the “Inter-Regional Strengthening between SR Grid and ER Grid” project. The scheme has an estimated cost of Rs 27.1 billion. The Ministry of Power, through a gazette notification issued on…

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India | News

Power Grid to raise up to Rs 5,000 crore through bond issue
By August 8, 2025August 8, 2025

Power Grid Corporation of India Limited has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds under its 82nd issue for 2025-26. The decision was taken by the company’s Committee of Directors for Bonds on August 5, 2025. The total size of the issue is up to Rs 5,000 crore, comprising a base size of Rs 1,000 crore and a green shoe option of Rs 4,000 crore. The bonds, proposed to be listed on…

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Global | News

China’s renewable curtailment worsens amid grid delays
By August 7, 2025August 7, 2025

China’s solar and wind curtailment rates rose sharply in the first half of 2025, highlighting growing grid constraints amid record renewable additions. Solar curtailment reached 5.7 per cent, up from 3 per cent a year earlier. Wind rose to 6.6 per cent from 3.9 per cent, according to the National Energy Administration. Curtailment occurs when generated power cannot be delivered due to oversupply or transmission bottlenecks. Remote western provinces like Xinjiang and Qinghai, where generation…

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India | News

India plans Rs 900 billion investment in undersea power links to Gulf nations
By June 13, 2025June 13, 2025

The Government of India is planning to invest Rs 900 billion in setting up undersea power transmission cables to the Middle East. The proposed investment includes Rs 470 billion for the India–Saudi Arabia interconnection and Rs 430 billion for the India–UAE interconnection. These sub-sea links are part of a broader regional power integration strategy. Other proposed interconnections include India–Sri Lanka (1,000 MW over 120 km), Odisha (Paradeep)–Andaman (500 MW over 1,150 km), India–Singapore (2,000 MW…

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India | News

Hitachi Energy tests world’s first 765kV ester-filled transformer
By May 21, 2025May 21, 2025

Hitachi Energy has successfully tested the world’s first 765kV/400kV, single-phase 250 MVA transformer filled with natural ester oil. This transformer is a major step in ultra-high-voltage AC (alternating current) grid safety and sustainability. The use of natural ester makes the transformer safer and more environmentally friendly than traditional mineral oil-based models. This transformer was developed under Hitachi Energy’s TrafoStar technology platform, which ensures standardised design and quality across its global manufacturing facilities. Natural ester oil…

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India | News

Power Grid approves Rs 3.41 billion for two transmission projects
By March 19, 2025March 19, 2025

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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India | News

Rajasthan Power Grid Transmission Company formed as JV between PGCIL and RVPN
By December 31, 2024December 31, 2024

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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Global | News

EIB and EDP secure €700m loans for renewables and grid expansion
By December 23, 2024December 23, 2024

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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India | News

CERC grants transmission licenses for three projects in Rajasthan and Gujarat
By November 25, 2024November 25, 2024

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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