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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.

Sterlite Power has submitted bids for two storage projects in the recently concluded auction of Salt River Project utility. This marks the first foray of Sterlite Power into grid connected battery energy storage systems (BESS).

A total of 250 MW solar PV capacity has been awarded to two winning bidders in two separate auctions by the Karnataka Renewable Energy Development (KREDL).

When it comes to the power sector in India, the majority is thermal and no wonder, the most important factor becomes the availability of coal.

Power Grid Corporation of India (PGCIL) is a central PSU which was incorporated in 1989. It is a central transmission utility of India which has been consistently rated excellent by the Government of India.

Antti Kami, Vice President, Engine Power Plants, WSrtsilS states that instead of curtailing solar and investing in new coal plants, the focus needs to be shifted on the efficiency of old coal plant and renewables.

Rajesh Kumar Mediratta, Director Business Development, Indian Energy Exchange (IEX) expects an over two-fold increase in the electricity trades in India. The revival in the industrial demand, expansion in renewable energy generation, shift to short-term PPAs, cross-border deals with, especially the SAARC member countries and the evolution of electric mobility are among the key factors that will spur the demand.

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.