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REC board approves Rs 1.55 trillion bond plan, to strike off Rajgarh III SPV

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REC Ltd has announced two major decisions following its board meeting held on June 4, 2025. First, the company plans to raise to Rs 1.55 trillion through private placement of unsecured or secured non-convertible debentures or bonds. This fundraising, subject to shareholder approval, will take place over the next year in one or more tranches, with clearances from the competent authority. Second, REC has proposed striking off “Rajgarh III Power Transmission Ltd,” a wholly owned…

Regulatory Developments in Power Transmission Sector: May 19, 2025

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  TNERC issues draft 2025 Grid Code  The Tamil Nadu Electricity Regulatory Commission (TNERC) has released the draft Tamil Nadu Electricity Grid Code, 2025 (TNEGC), repealing the 2005 version. The draft aims to align grid operations with the Indian Electricity Grid Code (IEGC), 2023, and invites public comments until June 11, 2025. The Code will apply to all users of the intra-state transmission system, including the State Load Despatch Centre (SLDC), State Transmission Utility (STU),…

Regulatory Developments in Power Transmission Sector: March 26, 2025

Regulatory Developments in Power Transmission Sector: March 26, 2025

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  APTEL dismisses KCP’s appeal challenging APERC order The Appellate Tribunal for Electricity (APTEL) has dismissed the appeal filed by KCP Limited against the order issued by the Andhra Pradesh Electricity Regulatory Commission (APERC) on September 24, 2016. The tribunal upheld APERC’s decision, holding KCP Limited liable to pay a surcharge on reactive power drawn from the grid of Transmission Corporation of Andhra Pradesh Limited (AP Transco). APTEL noted that KCP Limited had challenged the…

Regulatory Developments in Power Transmission Sector: March 19, 2025

Regulatory Developments in Power Transmission Sector: March 19, 2025

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  CERC approves truing up of transmission tariff for Powergrid’s assets in Western region The Central Electricity Regulatory Commission (CERC) has approved Power Grid Corporation of India Limited’s (Powergrid) petition for truing up the transmission tariff for the 2019-24 period and determining the tariff for 2024-29 for the Combined Asset under the WRSS XI Scheme in the Western Region. The approved transmission charges for the Combined Asset for the 2024-29 period are as follows (Rs…

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Skipper secures Rs 13.18 billion in new orders in Q3 FY25

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Skipper Ltd received new orders worth Rs 13.18 billion in Q3 FY25 (October to December), bringing the total order inflows for the fiscal year to Rs 37.43 billion. The company secured significant contracts from Power Grid Corporation of India Ltd (PGCIL), state electricity boards, and private transmission service providers. As of December 31, 2024, Skipper’s outstanding order book stood at Rs 63.54 billion, with 89% of the orders from domestic clients and 11% from exports….

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Sterlite Power secures Rs 22.5 billion orders in Q3 FY25

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Sterlite Power has won new orders worth Rs 22.5 billion and secured L1 positions for orders worth Rs 6.5 billion in Q3 FY25, marking its highest order book in the current financial year.  These orders span across its Global Products and Services (GPS) business, covering high-performance conductors, Optical Ground Wire (OPGW), power cables, and specialized Engineering, Procurement, and Construction (EPC) services. The company also exports high-performance green products to markets in the Americas, the European…

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MPPTCL begins remote monitoring of substations

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Madhya Pradesh Power Transmission Company Ltd (MPPTCL) has initiated the remote monitoring and operation of its extra-high voltage AIS substations, starting with the 132kV AIS substation at Madhotal.  This substation will now be controlled remotely from the nearby 220kV Jabalpur substation, marking a significant milestone for the state in improving power transmission efficiency. Following this success, MPPTCL plans to extend remote operations to three more old substations. The 132kV substations at Ayodhya Nagar (Bhopal) and…

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Advait Energy wins contract for HTLS conductor installation in Gujarat

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Advait Energy Transitions (formerly Advait Infratech) has secured a contract from Gujarat Energy Transmission Corporation (GETCO) for upgrading critical 66 kV transmission lines in Surendranagar Circle, Gujarat. The project involves the supply, installation, testing, and commissioning of high-capacity HTLS (High-Temperature Low-Sag) conductors. It includes upgrading two transmission lines: Dhrangadhra (220 kV) to Dhrangadhra and Viramgam to KANZ, replacing existing DOG conductors with advanced HTLS conductors to improve transmission capacity and efficiency. Scheduled for completion within…

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RECPDCL transfers SPVs to PGCIL and DRAIPL for Rajasthan REZ Phase IV transmission projects

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REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has transferred two Special Purpose Vehicles (SPVs) as part of the Rajasthan Renewable Energy Zone (REZ) Phase IV power evacuation projects.  The first SPV, Rajasthan IV 4A Power Transmission Limited, was transferred to Power Grid Corporation of India Limited (PGCIL), for the development of “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW): Part B.” Key components include…