While power demand is expected to slowly limp back to high-single digits in tandem with GDP growth, several over-arching fundamental trends are expected to drive the sector’s transformation in 2021. New Delhi: 2021 promises to be a year of hope and optimism. Despite the challenges of ill-fated 2020, current backdrop of recovery in global sentiment, […]
Govt to focus on loss-making discoms for next 3-4 yrs to achieve ’24X7 power for all’: Official
Talking about the continuous losses of discoms, he said there is a gap between the actual rate of supply of power and the cost recovered from consumers New Delhi: The government’s spotlight will be on electricity distribution utilities or discoms, which are mostly state-run and cash-strapped due to losses, to achieve the goal of 24X7 […]
Ola partners with Siemens for its EV Manufacturing Facility
Ola partners with Siemens for Rs 2,400 crore EV manufacturing facility As part of the partnership, Ola will have access to Siemens’ integrated ‘Digital Twin’ design and manufacturing solutions to digitalise and validate product and production ahead of actual operations, it added New Delhi: Ride-hailing major Ola on Wednesday said it has partnered with Siemens […]
L&T Construction wins contracts for power transmission & distribution business in Bangladesh
The company said that the business package involves design, supply, installation, testing and commissioning of extra high voltage transmission lines on a turnkey basis New Delhi: Indian multinational conglomerate, Larsen and Toubro (L&T), announced on Wednesday that it has secured large transmission business orders in Bangladesh. The company said that the business package involves design, […]
West Bengal Approves PSA between IPCL & SECI for Purchase of 100 MW Power
IN REGARD TO THE APPLICATION SUBMITTED BY INDIA POWER CORPORATION LIMITED (IPCL) FOR APPROVAL OF POWER SALE AGREEMENT EXECUTED ON 15.01.2020 BY AND BETWEEN IPCL AND SOLAR ENERGY CORPORATION OF INDIA LIMITED (SECI) FOR PURCHASE OF 100 MW HYBRID POWER BY IPCL FOR A PERIOD OF 25 ( TWENTY FIVE) YEARS FROM THE DATE […]
Power engineers to protest on February 3 against privatisation of discoms
Shailendra Dubey, the Chairman of AIPEF, in a letter to the Prime Minister, stated that power engineers and engineers are grieved over the central government’s move towards the power sector privatisation through Electricity (Amendment) Bill, 2020, & Standard Bidding Document for total privatisation of distribution of electricity. New Delhi: Power sector engineers would go for […]
PFC Rs 5K cr bonds issue over-subscribed, closed 11 days ahead of schedule
Power Finance Corporation (PFC) has planned to raise Rs 10,000 crore through bonds in two tranches. State-run Power Finance Corporation’s Rs 5,000 crore taxable non-convertible debentures (NCDs) issue was subscribed close to nine times on Monday and closed for subscription 11 days ahead of the schedule, according to the BSE data. Power Finance Corporation (PFC) […]
GE alleges Siemens Energy used stolen trade secrets to rig contract bids
Dominion is a Virginia power utility that provides electricity to about 4 million customers on the east coast NEW YORK: General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover up improper business gains totaling more than […]
Okaya Power gets contract to set up 4,244 EV charging stations from state-run REIL
New Delhi: Okaya Power on Friday said it has bagged a contract from state-owned Rajasthan Electronics and Instruments Limited (REIL) for setting up 4,244 multi-standard EV (electric vehicle) charging stations across the country. This is the second such contract won by the company from REIL in about a year’s time, Okaya Power said in a […]
Andhra Pradesh: Will cut off supplies if dues not settled, warn discoms
Sources said the discoms have been struggling with poor revenue since the outbreak of Covid-19 as revenues from industrial and commercial segments have nosedived to an all-time low AMARAVATI: Power distribution companies (discoms) in the state have begun issuing notices to clear dues or face disconnection of supply. Eastern Power Distribution Company Limited (EPDCL), Central […]
