Latest news with #TariffBasedCompetitiveBidding
Mint
11 hours ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator.
Mint
14 hours ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. AESL, part of the Adani portfolio, is a multi-dimensional organisation with a presence in various facets of the energy domain, like power transmission, distribution, smart metering, and cooling solutions.
NDTV
15 hours ago
- Business
- NDTV
Adani Energy Solutions Bags Rs 1,600-Crore Transmission Project In Maharashtra
New Delhi: Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth Rs 1,600 crore. With this, its transmission order book now stands at Rs 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. AESL, part of the Adani portfolio, is a multi-dimensional organisation with a presence in various facets of the energy domain, like power transmission, distribution, smart metering, and cooling solutions.
Business Upturn
16 hours ago
- Business
- Business Upturn
Adani Energy secures Rs 1,660 crore transmission project in Maharashtra, order book reaches Rs 61,600 crore
Adani Energy Solutions Ltd (AESL), part of the Adani Group and India's largest private sector transmission and distribution company, has secured a new inter-state transmission project in Maharashtra valued at ₹1,660 crore. The project will involve the development of 3,000 Mega Volt-Amperes (MVA) of substation capacity and associated transmission infrastructure. Once completed, this will expand AESL's total transmission network to 26,696 circuit kilometers (ckm) and its transformation capacity to 93,236 MVA. The project is being implemented through a Special Purpose Vehicle (SPV) named WRNES Talegaon Power Transmission Ltd. It aims to support the evacuation of 1.5 gigawatts (GW) of renewable energy from upcoming hydro pumped storage projects in the region. The electricity will serve growing demand from Mumbai and its surrounding areas. The project was awarded through the Tariff Based Competitive Bidding (TBCB) process. REC Power Development and Consultancy Ltd (RECPDCL) acted as the bid process coordinator. The SPV was formally transferred to AESL on the announcement day. AESL is scheduled to commission the project by January 2028. With this addition, the company's transmission order book has reached approximately ₹61,600 crore. In the meantime, Adani Energy shares ended the trading session today at ₹867.80, down from the opening price of ₹881.05. During the day, the stock touched a high of ₹889.45 and a low of ₹862.00. Despite recent volatility, the stock remains well above its 52-week low of ₹588.00 but significantly below its 52-week high of ₹1,348.00. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
News18
6 days ago
- Business
- News18
Is India Missing The Spark? Transmission Sector Needs Private Surge
Authored by GP Upadhyaya, IAS (Retd.), DG – EPTA and Dr Manvendra Deswal, DDG – EPTA: India's power transmission sector is poised for significant growth with an estimated Rs 10 lakh crore ($120 billion) investment envisaged by 2032 to achieve the stated NEP (National Electricity Plan) goals. Transmission capacity is expected to increase fivefold in the next eight years itself with over 90% of projects expected to be awarded through TBCB (Tariff Based Competitive Bidding) instead of RTM (Regulated Tariff Mechanism) highlighting the importance of private sector. This ambitious expansion is fuelled by rising electricity demand, renewable energy integration and infrastructure modernization. News18 Private sector participation in India is not a recent phenomenon – in fact, Electricity Act, 2003 and Tariff Policy, 2006 (amended in 2016) laid down the legal framework to encourage private sector participation in the transmission sector. Besides, the Ministry of Power (MoP) issues periodic guidelines and amendments to Standard Bidding Documents (SBDs) to facilitate competition and attract private investment. An Empowered Committee oversees the identification and bidding process for interstate transmission (ISTS) projects, with several of them already awarded and under implementation via private Transmission Service Providers (TSPs).
