Loss-making discoms to be denied loans
We have already liberalised the Electricity Act and it provides for franchisees. However, the charging station is not selling electricity, but giving you a service. It is actually buying the electricity from a discom.
GE commissions Pole 2 of Champa-Kurukshetra HVDC link
Paving the way for reliable, safe and efficient access to energy in northern India, GE announced the successful completion of the first phase of the two-phased Champa-Kurukshetra HVDC project.
Siemens and Sumitomo Electric win order for HVDC link
A consortium of Siemens and Sumitomo Electric Industries Ltd. has been awarded an order from Power Grid Corporation of India, the central transmission utility of India, to supply a high-voltage direct current (HVDC) transmission system.
The pioneer in the forefront
Bajaj Electricals Ltd (BEL), which has pioneered the transmission technology using monopoles a decade ago, remains in the forefront of the industry by bagging the prestigious Noida to Greater Noida transmission project recently.
Fitch affirms ´BBB´ ratings to Power Grid Corp
Fitch has affirmed investment grade rating with ´stable´ outlook on state-run Power Grid Corporation of India Ltd. ´At the same time, the agency has affirmed Power Grid´s senior unsecured rating and the ratings on its $500 million senior unsecured notes at ´BBB´,´ Fitch Ratings said in a statement.´
Fitch affirms 'BBB-' ratings to Power Grid Corp
Fitch has affirmed investment grade rating with 'stable' outlook on state-run Power Grid Corporation of India Ltd. "At the same time, the agency has affirmed Power Grid's senior unsecured rating and the ratings on its $500 million senior unsecured notes at 'BBB-'," Fitch Ratings said in a statement. 'BBB' ratings indicate low default risk.
The Indian Transformer Industry, which has been facing challenges in terms of demand growth, is hoping for the good times in the wake of growing exports over the last couple of years and the government´s thrust for revival of power distribution companies (discoms) by sprucing up their physical and financial operations in the next three years.
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