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WB gives Rs 2,500 cr loan for improving AP power efficiency

According to reports, the World Bank has agreed to provide around Rs 2,500 crore loan to Andhra Pradesh for enhancing efficiency in the power sector, an official statement said. The funding is towards enhancing rural supply, smart city, smart metering, distribution strengthening investments including those for new capital city, transmission systems including network strengthening and augmentation, among others, State Energy Conservation Mission said. Meanwhile, the Government of India, in a communication to state government today informed that German development bank, ... Read More »

Rs 1150 cr JICA loan to augment power transmission infra

According to reports, the Japan International Cooperation Agency (JICA) on Friday signed an agreement with the Government of India to provide 21,787 million Japanese Yen (or Rs 1,150crore) loan under its Official Development Assistance (ODA) to augment power transmission infrastructure in Odisha. The agreement was signed by Shinya Ejima, chief representative, JICA India office and S Selvakumar, joint secretary, Department of Economic Affairs in the Union finance ministry. The assistance is being provided for upgradation of sub-stations and transmission lines ... Read More »

Govt to invite bids for transmission line projects soon

According to reports, the government is likely to call for bids for ₹1 lakh crore worth of new transmission lines in the next six months. “We will have tariff-based competitive bidding for ₹1-lakh-crore worth of transmission lines. When I talk about this investment, it is not just Power Grid Corporation that will participate,” Piyush Goyal, Minister of State (Independent Charge) Coal, said on Wednesday. Goyal added 40-50 new coal mines are also expected to be opened in the next 18 ... Read More »

BSES discoms claim six solar projects now live in Delhi

According to reports, Delhiites have slowly started turning towards renewable energy generation. Discoms BSES Rajdhani and Yamuna claim to have become the first to energize six rooftop solar ‘net metering’ projects generating in total 86KW of solar power. Last year, DERC had announced regulations for net metering giving Delhiites a chance to become renewable energy suppliers. The regulations outlined how people can generate renewable energy in their premises and reduce their electricity bills by the amount of power they supply ... Read More »

German bank, Centre to fund green energy corridor in Andhra Pradesh

According to reports, German bank KFW and the Government of India will provide funds for a green energy corridor in the State. While KFW has agreed to sanction Rs.515 crore to the State Government at a concessional rate of interest, the Government of India will provide an equal amount as grant. A news release said Energy Secretary Ajay Jain discussed the steps to be initiated by power utilities for completion of the green energy corridor at an estimated Rs.1,289 crore ... Read More »

BSES launches ‘net metering’ drive to promote renewable energy

According to reports, power major BSES has embarked on a drive to promote ‘net metering’ in the national capital as a part of which six roof-top solar panels with a capacity of producing 88 KW have been installed across the city. Officials explained that as per the concept of ‘net metering’, the consumers can sell the surplus power produced to BSES at rates approved by DERC. In South Delhi, five net metering installations of 66 KW have been energised, whereas ... Read More »

Power Grid to seek shareholders’ nod to raise Rs 13K Cr

According to reports, State-owned utility Power Grid Corporation will soon seek shareholders’ approval to raise up to Rs 13,000 crore from domestic and external sources during the current fiscal. The Board of Directors has approved the proposal to raise Rs 13,000 crore through issuance of bonds, Power Grid said in a BSE filing. The funds to finance the company’s various expansion projects will be raised from domestic as well as external sources through issuance of tax-free bonds under private placement ... Read More »

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