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United News of India
a day ago
- Business
- United News of India
POWERGRID commissions 220 kV Kathalguri-Namsai transmission line
Itanagar, June 1 (UNI) In a major boost to the power infrastructure of the Northeast, Power Grid Corporation of India Limited (PGCIL) has successfully commissioned the 220 kV Double Circuit (D/C) Kathalguri-Namsai Transmission System—five months ahead of schedule. The project, executed under the Tariff-Based Competitive Bidding (TBCB) framework, marks a significant milestone in strengthening the region's energy backbone. Spanning 71 km, the transmission line links NEEPCO's Assam Gas-Based Power Plant at Kathalguri to the state-of-the-art 220 kV Gas Insulated Substation (GIS) in Namsai, Arunachal Pradesh. The project also includes a bay extension at Kathalguri, Assam, ensuring enhanced operational efficiency. This development not only facilitates seamless power injection from the National Grid into Arunachal Pradesh but also improves voltage stability and system redundancy—critical for year-round reliable power supply. The new infrastructure is expected to play a vital role in supporting the developmental aspirations of the region. Lauding the achievement, Arunachal Pradesh Deputy Chief Minister Chowna Mein stated, "Kudos to PGCIL for their exemplary execution and unwavering commitment to the Northeast. This project is a cornerstone in our journey toward robust and reliable energy infrastructure." The successful early commissioning of this project underscores POWERGRID's expertise and dedication to advancing India's power transmission capabilities, especially in remote and challenging terrains like the Northeast. UNI TD ARN
India Gazette
3 days ago
- Business
- India Gazette
Adani Energy Solutions secures Rs 1,660 crore transmission project in Maharashtra to boost green power evacuation
Ahmedabad (Gujarat) [India], May 30 (ANI): Adani Energy Solutions Ltd (AESL) announced on Friday that it has won a significant Rs 1,660 crore inter-state transmission project in Maharashtra. The project aims to facilitate green energy evacuation from the Raigad region. AESL is a private-sector transmission and distribution company and part of the Adani Group. The project, awarded under the Tariff-Based Competitive Bidding (TBCB) mechanism and coordinated by REC Power Development and Consultancy Ltd (RECPDCL), will be implemented through a Special Purpose Vehicle (SPV) named WRNES Talegaon Power Transmission Ltd, which has now been formally transferred to AESL, the company said in a release. The transmission project involves creating 3,000 megavolt-amperes (MVA) of substation capacity and associated infrastructure. It is expected to be commissioned by January 2028, it said. Once completed, the project will support the evacuation of 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSPs) in the region, catering to the growing electricity demand in Mumbai and adjoining areas. This latest contract win takes AESL's overall transmission network to 26,696 circuit kilometers (ckm) and transformation capacity to 93,236 MVA. More notably, it boosts the company's transmission order book to approximately Rs 61,600 crore. 'The development underlines AESL's growing role in India's energy transition, as it continues to expand its footprint in sustainable infrastructure while contributing to the country's renewable energy goals,' the AESL release added. (ANI)
Time of India
3 days ago
- Business
- Time of India
Adani Energy Solutions wins Rs 1,660 crore green power transmission project in Maharashtra
Adani Energy Solutions Ltd (AESL) on Friday announced that it has won a major inter-state transmission project worth Rs 1,660 crore in Maharashtra . The project will help transmit 1.5 gigawatts (GW) of green energy from new hydro storage plants in Raigad to Mumbai and nearby areas. The project, to be executed through the newly transferred special purpose vehicle WRNES Talegaon Power Transmission Ltd, will involve the development of 3,000 Mega Volt-Amperes (MVA) of substation capacity along with associated transmission lines, the company informed in an exchange filing. It is expected to be commissioned by January 2028. Also Read: Adani, Emaar said to cease talks on Indian real estate unit sale Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Se lanza la píldora 7 veces más fuerte y natural vigor7 Más información Undo 'This project marks a significant step toward enabling green energy access in western India,' AESL said, highlighting its role in supporting the region's clean energy transition and meeting rising electricity demand. Awarded under the Tariff-Based Competitive Bidding (TBCB) mechanism, the project was coordinated by REC Power Development and Consultancy Ltd (RECPDCL). Live Events With this win, AESL's cumulative transmission network expands to 26,696 circuit kilometres and 93,236 MVA of transformation capacity. The company's total transmission order book now stands at ₹61,600 crore. Shares of Adani Energy Solutions Ltd closed today at ₹867.80, down ₹13.15 or 1.49%.
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Business Standard
22-05-2025
- Business
- Business Standard
NTPC Green Energy wins major battery energy storage project in Kerala
NTPC Green Energy Limited (NGEL) on Thursday said it has won a major battery energy storage project in Kerala, following a successful bid in an e-reverse auction held by NHPC Limited on Wednesday, May 21. NGEL secured a total battery storage capacity of 80MW/320MWh through a competitive bidding process. The auction was part of NHPC's tender "Selection of Battery Energy Storage System (BESS) Developers for setting up of 125MW / 500MWh InSTS-connected standalone BESS in the state of Kerala under Tariff-Based Competitive Bidding (TBCB) with Viability Gap Funding (VGF) support". Under this initiative, NGEL has been selected for two key battery storage projects: * 40MW/160MWh at Pothencode substation at a tariff of Rs 4,57,000/MW/month NTPC Green Energy Q4 results On Wednesday, NTPC Green Energy posted its Q4 results after market hours. In the quarter under review, the company's net profit stood at ₹233.22 crore, up 188 per cent as compared to ₹80.95 crore a year ago. Its revenue for the quarter stood at ₹622.27 crore as against ₹508.14 crore a year ago, up 22 per cent. The company's expenses stood at ₹444.63 crore as against ₹425.84 crore in the same period a year ago. During FY25, the company completed its initial public offering (IPO) comprising a fresh issuance of 92,63,29,669 equity shares with a face value of ₹10 each. These shares were offered at an issue price of ₹108 per share, which included 87,20,910 equity shares issued to eligible employees at a discounted rate of ₹103 per share. The company was listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on November 27, 2024, raising ₹10,000 crore through its initial public offering (IPO).
Business Standard
22-05-2025
- Business
- Business Standard
NTPC Green Energy successfully bids for NHPC's BESS project
NTPC Green Energy (NGEL) has successfully emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025. NGEL secured a cumulative capacity of 80MW/320MWh under the competitive bidding process. The auction was part of NHPC's tender for the "Selection of Battery Energy Storage System (BESS) Developers for setting up of 125MW / 500MWh InSTS-connected standalone BESS in the state of Kerala under Tariff-Based Competitive Bidding (TBCB) with Viability Gap Funding (VGF) support." NGEL has been secured two key projects under the initiative: 40MW/160MWh at Pothencode Substation at a tariff of Rs 4,57,000/MW/month Letter of award from NHPC is awaited.
