Tata Power-DDL collaborates with Japanese firm to install India's first micro substation
, in collaboration with Japan-based
Nissin Electric Co Ltd
, has commissioned
India
's first
micro substation
with
power voltage transformer
(PVT) that will provide low-cost and
reliable power supply
to consumers.
Micro substation with PVT can convert high-voltage power directly from transmission lines to low voltage power, suitable for residential consumers, a statement said.
Tata Power-DDL, a leading power utility serves around 9 million consumers in North Delhi.
The project is a part of International Demonstration Project on Japan's
Energy Efficiency Technologies
, publicly solicited by the New Energy and Industrial Technology Development Organization (NEDO).
To commence this project, Tata Power Delhi Distribution Ltd (Tata Power -DDL) and Nissin Electric signed a project agreement on August 21, 2024.
Live Events
The introduction of micro substation with PVT technology is primarily aimed at low cost and reliable power supply to remote load centers with challenging terrains.
It will also be helpful in urban landscapes where there are challenges for network extension to meet the growing load.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
42 minutes ago
- Mint
Lure of ‘Free Money' in Secondaries Nears a Mania
(Bloomberg) -- Demand for secondary funds focused on private markets is soaring, in part because some investors are seizing on an accounting quirk that allows them to buy assets at a discount and then revalue them at par. It's 'creating this sense that people are just picking up free money, and almost a mania,' Blue Owl Capital Co-Chief Executive Officer Marc Lipschultz said on a call with analysts recently. He said his firm avoids the practice, adding there is still a 'great business to be had being a really thoughtful buyer of secondary interest when you have more sellers today than you've ever had in the past.' The secondary market allows investors to buy or sell stakes in private-asset funds, often at a discount. It's become an increasingly popular solution to the problem that many managers faced at the end of the easy-money era, when higher interest rates made some valuations more difficult to justify — and left them unable to exit investments. Credit is expected to be the fastest-growing part of secondaries for years to come, according to Jefferies Financial Group Inc., which forecasts the number of transactions in the space to grow to more than $17 billion this year from $10 billion last year. The marketplace for fund stakes is drawing more sellers than ever before, pushing up prices, which is tempting more investors to look at disposals. Investors in private credit funds looking for liquidity are now able to shift their positions into the secondary market, clearing a bottleneck in the financing chain. The deadlock started when dealmaking stalled, forcing private company owners to hold on to assets for longer. That meant direct lenders had to extend loans for longer too and wait to cash out, crimping returns for some. One benefit for some buyers is the accounting treatment which allows them to mark up the acquisitions, bolstering the value of the assets. 'It's true that secondary transactions are often completed at a discount to NAV, and yes, that can create an initial unrealized gain for the buyer,' private capital investor Hamilton Lane wrote on its website last month. 'But this isn't artificial. It represents real value and can enhance returns for the fund.' More broadly, the wider secondaries trend has proven fruitful recently. The strategy was the best performing for Blackstone Inc. in the second quarter, the alternative asset manager said in a presentation last month. The firm is considering a standalone pool of capital to buy second-hand private credit funds through its Strategic Partners unit, Bloomberg News reported last month. London-based Coller Capital Ltd. closed a deal for a $3 billion continuation fund with direct lender TPG Twin Brook Capital Partners this past week that will transfer a portfolio of loans from the US firm's previous vintages into a new fund. It's the largest such vehicle in private credit secondaries to date. Other signs of appetite for the strategy include Pantheon, a manager of more than $70 billion, raising three times its original target of $750 million for its third credit secondaries fund. Ares Management Corp., meanwhile, has so far raised more than $3.5 billion for its debut credit secondaries fund and related vehicles, Chief Executive Officer Michael Arougheti said on an earnings call last month. The secondaries group 'remains one of our strongest growth vectors for the foreseeable future,' he said. More stories like this are available on
News18
an hour ago
- News18
Gilgit-Baltistan: A New Uprising In Pakistan's ‘Last Colony' Against Oppressive Rule
Last Updated: For decades, GB has sought autonomy, political representation, and development aligned with local needs and ambitions, but has faced growing neglect and exploitation from Pakistan A fresh wave of resistance against the Pakistani state's illegal occupation of the region is being witnessed in Gilgit-Baltistan (GB). The local traders and business community of GB have launched a movement to oppose trade and travel between Pakistan and China via the Khunjerab Pass. This latest protest is the outcome of the relentlessly exploitative economic and political conditions imposed on GB by the Pakistani state. The protest by the traders has come close on the heels of a mass movement by the local residents of GB against the controversial Land Reforms Act, 2025, passed on May 21. For the last four weeks, traders have been continuing with a sit-in at the Karakoram Highway, bringing the region to a standstill. They are demanding recognition of local interests by Islamabad as well as its accountability. To understand GB's tumultuous relationship with Islamabad, it is important to look at the history of this asymmetric and oppressive power dynamic, which continues to disenfranchise, marginalise, and politically erase the identity, aspirations, and future of the people of this region. According to the US-based Middle East Media Research Institute (MEMRI), Pakistan has treated GB more as a colony rather than as part of the federation. 'The region has long been regarded by Pakistan not as a cherished part of the federation, but as a distant and burdensome periphery. Successive governments have turned a blind eye to the fundamental needs of the humble inhabitants of Gilgit-Baltistan, relegating the region to an ad hoc governance framework administered from afar—governed not by participatory laws, but by decrees handed down from Islamabad," says a recent MEMRI report. The origins of this injustice lie in the 1949 Karachi Agreement. Under this 'agreement", the control of GB (then called Northern Areas) was transferred from Pakistan-occupied Jammu and Kashmir (PoJK) to Islamabad without any representative from the region. Since then, Islamabad has directly ruled GB through the Ministry of Kashmir Affairs, using the draconian colonial-era Frontier Crimes Regulation. Its constitutional status remains in limbo as Pakistan has tried to use it to build another false narrative by linking it to the resolution of the Kashmir issue with India. But to deal with growing frustration among the local residents, it introduced limited self-governance reforms to the region, renaming it 'Gilgit and Baltistan' in 2009. However, this move was exposed as hollow; right from the beginning, the GB assembly was systematically populated by 'compliant figureheads or puppets, rather than leaders who dared to interpret their roles with independence and purpose," as emphasised in the MEMRI analysis. For decades, GB has sought autonomy, political representation, and development aligned with local needs and aspirations, but instead has faced growing neglect and exploitative policies from Pakistan. The Pakistani magazine Herald once described Gilgit-Baltistan as Pakistan's 'last colony", a phrase that aptly reflects Islamabad's governing attitude toward the region. Very recently, GB was engulfed in massive demonstrations against the forcibly passed Land Reforms Act, 2025. This legislation was opposed by the people, as it would enable land grabs by Punjabi landlords and the Pakistani military, displace the local population, and exploit natural resources. This law would also intensify military control. As GB is the only region under Pakistan's occupation that has a Shia and Ismaili majority, Islamabad has also undertaken a systematic campaign of altering the demography by opening up the region to outsiders. Now, fed up with increasing federal taxes and deliberate obstacles to local trade, GB traders—backed by a host of local political parties and religious groups—have sustained a resilient sit-in at Sost. This powerful show of solidarity and demand for justice compelled Chief Minister Haji Gulbar Khan and Governor Mehdi Shah to seek federal intervention, leading to the formation of a federal committee to make recommendations for the issue's resolution. The protestors' demands are simple: exemption from income, sales, and other federal taxes on commodities imported from China through the Khunjerab Pass—deemed illegal by traders considering GB's lack of constitutional status—and urgent customs clearance for 280 consignments stuck at Sost Dry Port under a one-time amnesty scheme. Ironically, while Gilgit-Baltistan is considered to be geographically very significant for the China-Pakistan Economic Corridor, Islamabad's treatment of local traders sends a clear message that it is least bothered about the interests of the local population and is only interested in exploiting the strategic position and resources of the region. All routes connecting Pakistan to China, including the critical Karakoram Highway, pass through GB, which should ideally have brought more economic opportunities for the local population. However, in contrast, it has resulted in increased Chinese military presence. This reinforces the fact that Pakistan follows the template of exploiting the region while keeping the people underdeveloped. If the locals dare to express their aspirations, they are handled brutally by the Pakistani military and its death squads. Therefore, the traders' blockade in GB represents more than an economic conflict—it is the roar of a voice silenced for decades from a region long suffering under the thumb of Islamabad's colonial and oppressive policies. The writer is an author and columnist. His X handle is @ArunAnandLive. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect News18's views. Click here to add News18 as your preferred news source on Google. tags : China Kashmir pakistan view comments Location : New Delhi, India, India First Published: August 16, 2025, 22:02 IST News opinion Global Watch | Gilgit-Baltistan: A New Uprising In Pakistan's 'Last Colony' Against Oppressive Rule Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 hours ago
- Time of India
Mahindra looks to acquire 350-acre land parcel in Igatpuri
MUMBAI: Mahindra & Mahindra has submitted a letter of interest to the Maharashtra government to acquire 350 acres of land in Igatpuri, Maharashtra, according to a top company official. The Mumbai-based automaker already has manufacturing plants in Nashik and Igatpuri. "We have submitted a letter of interest for 350 acres of land in Igatpuri, which is part of our ecosystem," Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm sectors Rajesh Jejurikar told reporters here. He stated that Nashik and Igatpuri plants could benefit from a feeder facility in the vicinity. "The land parcel could be used for multiple things, including setting up a supplier park and anything that we may need more for either Nashik or the Igatpuri plant," Jejurikar added. The company is at a preliminary stage and would have to go through the whole process of due diligence, and then land purchase needs a different level of approval, he noted. "We still have to go through the process of meeting all approvals, internal and regulatory, before we actually make a the whole process is not complete, but the expression of interest is accurate," Jejurikar said. Mahindra & Mahindra CEO, Automotive Division, Nalinikanth Gollagunta said the company is looking to expand production capacity of its Chakan-based manufacturing by around 2.4 lakh units in the first phase this year. The overall production capacity of the plant would go up to 7.5 to 7.6 lakh units per year after the expansion. "We are also exploring setting up greenfield locations to put out the production capacity beyond 2027," Gollagunta stated. Mahindra has plans to invest over Rs 27,000 crore in its automotive business between FY25 and FY27.
