Daily News Wrap-Up: IREDA to Assist TANGEDCO with Renewable Projects and Fundraising
Here are some noteworthy cleantech announcements of the day from around the world: Indian Renewable Energy Development Agency (IREDA) signed a memorandum of understanding (MoU) with the Tamil Nadu Generation ...
Daily News Wrap-Up: EESL to Receive ₹4.25 Billion in Equity Investment from Power Grid
Here are some noteworthy cleantech announcements of the day from around the world: Power Grid Corporation of India (PGCIL) has decided to increase its shareholding in Energy Efficiency Services Limited ...
Tender Floated for Bhadla Substation Package for Solar Energy Zones in Rajasthan
Power Grid Corporation of India Limited (PGCIL) has floated a tender for a substation package for the extension of 765/400/220 kV Bhadla-II pooling substation under the transmission system strengthening program ...
CERC Denies Transfer of Bank Guarantee for Stage-II Connectivity of Wind Projects
The Central Electricity Regulatory Commission (CERC), in a recent order, rejected ReNew Power’s petition to adjust the bank guarantee upon grant of stage-II connectivity against the letter of award (LoA) issued ...
PGCIL’s Rajasthan Subsidiary Secures Transmission License for 8.1 GW of Solar Projects
The Central Electricity Regulatory Commission (CERC), in a recent order, has granted a transmission license to Bikaner-II Bhiwadi Transco, a special purpose vehicle of Power Grid Corporation of India (PGCIL), ...
ACME Solar Withdraws Termination Petition for 600 MW Project with ₹2.44/kWh Tariff
The Central Electricity Regulatory Commission (CERC), in a recent order, asked the subsidiaries of ACME Solar developing 600 MW of solar projects in Rajasthan to submit the current status of ...
Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan
State-owned power transmission company Power Grid Corporation of India (PGCIL) has acquired two transmission projects - Fatehgarh Bhadla Transco Limited and Sikar New Transmission Limited under Phase II, Part-B, and ...
Bank Guarantee of a 300 MW Wind Project Stuck Under Regulatory Procedures
The Central Electricity Regulatory Commission (CERC) has reserved its judgment, in reply to a petition filed by ReNew Power and its three subsidiaries on submitting a fresh bank guarantee to ...
PGCIL Gets Board Approval to Invest ₹22.20 Billion in Power Transmission Network
Power Grid Corporation of India Limited (PGCIL) noted that on May 21, 2021, its Board has approved an investment to the tune of ~₹22.20 billion (~$301.48 million) for commissioning various ...
CERC Asks PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects
The Central Electricity Regulatory Commission (CERC), responding to ReNew Power’s petition, has directed the Power Grid Corporation of India Limited (PGCIL) not to encash bank guarantees submitted towards its wind ...
Solar Developer Seeks CERC’s Help to Align Long-Term Access with Project Commissioning
Independent power producer Azure Power had recently approached the Central Electricity Regulatory Commission (CERC), seeking a deadline extension from Power Grid Corporation of India Limited (PGCIL) to lay the transmission ...
Transmission Infrastructure Crucial to Support Growing Solar Capacity
The pandemic was just one of the issues that pushed the solar back last year. The industry faced several other impediments coming in the way of project development. One of ...
PGCIL Acquires Ramgarh New Transmission to Facilitate 8.1 GW of Solar Power
Power Grid Corporation of India Limited (PGCIL), a state-owned power transmission company, has acquired the Ramgarh New Transmission Limited (RNTL) under Phase II, Part-A of the 'transmission strengthening program' to ...
PGCIL Bags Two Transmission Projects to Evacuate 8.1 GW of Solar Power
Power Grid Corporation of India (PGCIL), a state-owned power transmission company, has bagged two power transmission projects in Rajasthan through tariff-based competitive bidding. These projects are built to evacuate 8.1 ...
PGCIL Bags Three Transmission Projects to Evacuate 8.1 GW of Solar Power
Power Grid Corporation (PGCIL) of India, a state-owned power transmission company, has bagged three power transmission projects in Rajasthan through competitive bidding. These are built to evacuate 8.1 GW of ...
Cabinet Approves ₹67 Billion Plan for Power Infrastructure of North Eastern States
The cabinet committee on economic affairs has approved the Revised Cost Estimate (RCE) for the North Eastern Region Power System Improvement Project (NERPSIP) with an estimated cost of ₹67 billion ...
REC Invites Bids to Set up Transmission System to Evacuate 8.1 GW of Solar in Rajasthan
REC Limited has invited bids to establish transmission systems to evacuate power from solar energy zones (SEZs) in Rajasthan. The invitation has been extended to transmission service providers (TSPs) under ...
KP Energy Completes Transmission Line in Gujarat to Evacuate Wind Power
Gujarat-based KP Energy Limited, a leading engineering, procurement, and construction (EPC) company in the wind sector, announced its financial results for the second quarter (Q2) of the financial year (FY) ...
Over ₹281 Billion Needed for Building Transmission Systems for Evacuating Renewables
The Central Electricity Authority (CEA), in its annual report for 2019-20, issued updates on the Green Energy Corridor program for the transmission and integration of renewable energy. To boost the ...
Solar Developers Want Government to Penalize Delayed Transmission Projects
Solar power project development slowed down drastically since March when India imposed a lockdown to control the COVID-19 pandemic. Solar installations declined more than 80% in Q2. Only 205 MW ...
Power Grid to Monetize Transmission Assets of ₹70 Billion via InvIT
Earlier this week, state-owned Power Grid Corporation of India (PGCIL) received the Cabinet Committee of Economic Affairs’ approval to monetize its transmission projects through the Infrastructure Investment Trust (InvIT) model ...
PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters
The Power Finance Corporation Limited (PFC), in a recent filing on the Bombay Stock Exchange (BSE), said that it had approved the infusion of ₹1.5 billion (~$20.4 million) in a ...
Cabinet Approves Asset Monetization of Power Grid Corporation Through InvIT Model
The Ministry of Power (MoP) announced that the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the asset monetization of the Power Grid Corporation of ...
PGCIL Commissions Power Transmission Projects Connecting Western & Southern Regions
The PowerGrid Corporation of India Limited (PGCIL), a state-owned power transmission company, announced that it had started the commercial operation of the first leg of the 6 GW Raigarh-Pugalur high ...
CERC Examines Wind Developer’s Petition for Relief from Transmission Charges
Renewable developer Sprng Renewable Energy Private Limited recently approached the Central Electricity Regulatory Commission (CERC) against the Power Grid Corporation of India Limited (PGCIL), seeking relief on the grounds of ...
