Latest news with #&Distribution
Time of India
22-05-2025
- Business
- Time of India
Sanjay Banga to head Tata Power's renewable verticle, redesignated as President-Renewables, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App New Delhi, Tata Power on Wednesday redesignated Sanjay Banga , President-Transmission & Distribution as President-Renewables with effect from June 1, following the resignation of Deepesh Nanda from the post. Nanda has submitted his resignation due to personal commitments and will be relieved from his services with effect from the close of business hours on May 31, 2025, a regulatory filing to the filing, pursuant to an internal reorganization Sanjay Banga, President-Transmission & Distribution has been re-designated as President - Renewables and appointed as CEO & Managing Director of Tata Power Renewable Energy Ltd from June 1, heads the Transmission and Distribution Vertical at Tata Power which includes Mumbai, Delhi, Ajmer Distribution and Powerlinks Transmission. Prior to this, he was Chief Executive Officer of Tata Power Delhi Distribution Limited (Tata Power-DDL), a Public Private Partnership (JV) of Tata Power and Government of National Capital Territory of Delhi.A power sector veteran with around three decades of experience in power generation and distribution business, Banga brings with him expertise in the power sector, covering areas of Operational Technologies, Project Management, Utility Business Process Reengineering and Regulatory Environment that are essential for strengthening of electrical utilities to meet reliability and AT&C loss reduction targets under regulatory regime, the filing started his career with National Thermal Power Corporation (NTPC) as an Engineer Trainee and was involved in the Operation & Commissioning of Super Thermal Power Projects (1989 to 1995).Prior to joining Tata Power (DDL), he worked with Reliance Energy (earlier known as BSES Ltd) from 1996 to 2003, where he was associated with the entire spectrum of generation activities covering wide aspects of Operations, Maintenance, Planning, Design and Project Engineering.
Yahoo
12-05-2025
- Business
- Yahoo
CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES INCREASE IN DIVIDEND ON CLASS A ORDINARY SHARES
CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE. GRAND CAYMAN, Cayman Islands, May 12, 2025 /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) ("CUC" or "the Company") announced today that the Board of Directors has declared an increase in the regular quarterly dividend from US$0.185 to US$0.19 per Class A Ordinary Share. This represents a 3% increase to US$0.76 per share on an annualized basis. The dividend will be payable June 16, 2025 to shareholders of record June 2, 2025. The principal activity of the Company is to generate, transmit and distribute electricity in its licence area of Grand Cayman, Cayman Islands pursuant to a 20-year Transmission & Distribution ("T&D") Licence and a 25-year non-exclusive Generation Licence (the "Generation Licence" and together with the T&D licence, the "Licences") granted by the Cayman Islands Government (the "Government", "CIG"). The T&D Licence, which expires in April 2028, contains provisions for an automatic 20-year renewal and the Company has reasonable expectation of renewal until April 2048. The Generation Licence expires in November 2039. Further information is available at Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on occasion, includes forward-looking statements in its media releases, Canadian securities regulatory authorities filings, shareholder reports and other communications. Forward-looking statements include statements that are predictive in nature, depend upon future events or conditions, or include words such as "expects", "anticipates", "plan", "believes", "estimates", "intends", "targets", "projects", "forecasts", "schedule", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". Forward-looking statements are based on underlying assumptions and management's beliefs, estimates and opinions, and are subject to certain risks and uncertainties surrounding future expectations generally that may cause actual results to vary from plans, targets and estimates. Such risks and uncertainties include but are not limited to operational, general economic, market and business conditions, regulatory developments and weather conditions. CUC cautions readers that actual results may vary significantly from those expected should certain risks or uncertainties materialize or should underlying assumptions prove incorrect. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law. SOURCE Caribbean Utilities Company, Ltd. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
