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Green Energy Corridor to avert Massive Loss in Transmission

According to reports, one major issue plaguing the Renewable Energy (RE) companies is wastage of billions of units of power during transmission from generator to grid. In 2014-2015, 3.1 billion units went to waste, when it could have supplied power to a state for days. This should end, if the 175 GW as envisioned by the government is to materialise, say experts. The issue of transmission loss was raised at the 14th Green Power Summit organised by the Confederation of ... Read More »

Bottlenecks hamper net metering take off

According to reports, net metering, launched more than a year ago by the central government, has not taken off the way it was expected, thanks to some glaring loopholes. Prakash Nayak, chairman, power panel, Institution of Engineering & Technology (IET) and a former top official at ABB, said initiatives like net metering, generation-based incentives and renewable power obligation are the right way ahead. “However, they are not catching up thanks to more loopholes than one. There are questions in the ... Read More »

Power Grid Corp to tap bond market to raise ₹12,000 crore

According to reports, State-run transmission utility Power Grid Corporation of India Ltd (PGCIL) would be tapping the bond market to raise ₹12,000 crore in the current fiscal, said Chairman R N Nayak on Tuesday. Addressing a press conference, Nayak said in the current fiscal investments in power sector were coming up rapidly. Therefore, the proceeds from the bonds would be used for the ₹22,500- crore capital expenditure plan. He pointed out that until last year there was an atmosphere of ... Read More »

JBM to invest Rs 1,600 crore on solar power vertical

According to reports, JBM group’s ambitious 1,600 crore foray into solar power will be funded by a mixture of equity and debt. The solar diversification, to be called JBM Solar, will conduct ground-mounted and roof top power projects. This is the second big diversification by the auto component manufacturer after its bus making facility. “Our 1,600 crore investment in the solar business will comprise 25% equity and 75% debt,” said Nishant Arya, executive director, JBM Group. “The equity element will, ... Read More »

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 »

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