Latest news with #PowerTransmission
CTV News
10-07-2025
- Business
- CTV News
Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
Power transmission lines are seen with the Rocky Mountains in the background near Pincher Creek, Alta., on Thursday, June 6, 2024. THE CANADIAN PRESS/Jeff McIntosh OTTAWA — Parliament's fiscal watchdog says the Canada Infrastructure Bank is more than $20 billion short of its investment targets for the coming years. In a new report, the Office of the Parliamentary Budget Officer says the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well below its $35-billion goal. That sum is also $1 billion lower than earlier PBO projections from 2021. The bank invests alongside private and public sector partners to help get green energy and other infrastructure projects off the ground in Canada. The report says the infrastructure bank has already hit its goal of investing $1 billion in Indigenous-led projects. The infrastructure bank also has sector-specific investment goals for five priority areas, but the PBO says the Crown corporation is not on track to meet any of those targets either. --- Craig Lord, The Canadian Press This report by The Canadian Press was first published July 10, 2025.
Trade Arabia
13-06-2025
- Business
- Trade Arabia
L&T lands key Middle East grid infrastructure contracts
Indian engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its Power Transmission & Distribution (PT&D) business vertical has secured new grid infrastructure orders in the Middle East as well in the Indian market. In the Middle East, the PT&D business has clinched orders for executing a set of 220kV and 132kV gas insulated substations on a turnkey basis, said L&T in a statement. These orders come from leading transmission asset owners and operators in the respective countries, it stated. In India, L&T has won an order to build 765kV and 400kV transmission line jobs pertaining to the integration of a Renewable Energy Zone in the southern state of Andhra Pradesh. These new orders mark a key milestone for PT&D in its pursuit of delivering future-ready grid infrastructure to help realise the energy transition and sustainable energy goals of its valued customers, it added.-TradeArabia News Service
Zawya
13-06-2025
- Business
- Zawya
L&T lands key Middle East grid infrastructure contracts
Indian engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its Power Transmission & Distribution (PT&D) business vertical has secured new grid infrastructure orders in the Middle East as well in the Indian market. In the Middle East, the PT&D business has clinched orders for executing a set of 220kV and 132kV gas insulated substations on a turnkey basis, said L&T in a statement. These orders come from leading transmission asset owners and operators in the respective countries, it stated. In India, L&T has won an order to build 765kV and 400kV transmission line jobs pertaining to the integration of a Renewable Energy Zone in the southern state of Andhra Pradesh. These new orders mark a key milestone for PT&D in its pursuit of delivering future-ready grid infrastructure to help realise the energy transition and sustainable energy goals of its valued customers, it added.
Time of India
09-06-2025
- Business
- Time of India
KPIL bags new orders worth Rs 3,789 crore
Kalpataru Projects International Ltd ( KPIL ) on Monday said the company, along with its international subsidiaries, have secured new orders worth Rs 3,789 crore. These new orders include contracts in the Buildings and Factories (B&F) business in India, which includes the company's largest B&F order secured till date for the development of over 12 million square feet of residential buildings along with associated facilities on a design-and-build basis, a company statement said. It has also secured orders in the Power Transmission & Distribution (T&D) in the overseas market. "This prestigious achievement also has been on several counts - intensive efforts that we have been putting in past several years on improving our ability to win large size projects, and improving competitiveness in the focused markets on the back of capex and execution capabilities," said KPIL MD & CEO Manish Mohnot. KPIL is one of the largest specialised Engineering, Procurement, and Construction companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. Live Events KPIL is currently executing projects in over 30 countries and has a global footprint in 75 countries.
