Tata Power-DDL Appoints Ganesh Srinivasan as CEO; Sanjay Banga to be President T&D
Tata Power Delhi Distribution Limited (Tata Power-DDL) announced the appointment of Ganesh Srinivasan as the company’s new CEO, with effect from December 2, 2019. Tata Power-DDL is a Public-Private Partnership, joint venture company, between Tata Power and Govt of National Capital Territory of Delhi, which distributes electricity to a populace of over seven million in North Delhi.
ADB, India Ink $451 Million Loan to Strengthen TN Power Connectivity
Govt of India and Asian Development Bank (ADB) have signed a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC), which is part of the East Coast Economic Corridor (ECEC), in Tamil Nadu on Thursday. ADB is the lead partner for developing ECEC.
"Projects worth Rs. 1 trillion will be up for bidding"
Simarpreet Singh, Director, Strategy, Hartek Group is of the opinion that the refinancing or the bond opportunity in the power sector in view of 14,000 circuit km of the Inter-State Transmission System (ISTS) present a Rs 300 billion refinancing opportunity for the bond market over the next four years.
KEC International bags orders of Rs 10.1 billion
KEC International has bagged new orders of Rs 10.1 billion across its transmission and distribution, cables, civil and solar businesses. KEC’s transmission and distribution business has secured a turnkey order of Rs 4,910 million across India, the Middle East and the US.