Power Grids

India to enhance power demand forecasting for improved grid stability

Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicated demand forecasting, requiring systemic reforms

L&T wins 'major' orders in West Asia, Africa to expand high-voltage grid

The orders are estimated to be valued between Rs 5,000 crore and Rs 10,000 crore

Valuation upgrades likely ahead for transmission major Power Grid

Approval has been granted for 50GW of Inter-State Transmission System (ISTS) capacity

India, US explore technical exchange to upgrade grid transmission

India and the US have discussed and explored the possibility of technical exchanges on efforts to upgrade grid transmission to handle future load growth during a ministerial-level deliberations. Discussions also covered policy consultations and potential financial support to advance these modernization efforts, a power ministry statement said. In a bid to enhance bilateral cooperation in the energy sector, Union Minister for Power Manohar Lal, accompanied by Minister of State for Power and New & Renewable Energy Shripad Naik and senior officials held a productive discussion with the US delegation led by John Podesta, Senior Advisor to the President for International Climate Policy, it stated. During the discussion, Lal emphasized the longstanding bilateral partnership between India and the US, highlighting the shared commitment to a clean' energy future that fosters economic growth and development. The union minister further stated that Ministry of Power is committed to ...

Day after load crash, power ministry says have enough power capacity

"Despite challenging conditions, the highest-ever peak demand of 89 Gw in the Northern Region was successfully met on June 17, 2024," the ministry said

Electric vehicle owners can soon sell surplus battery power back to grids

The vehicle-to-grid (V2G) technology, similar to rooftop solar schemes, allows EV owners to sell the electricity stored in their vehicles to the grid

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

Power Grid Corp stock in expensive zone despite its market dominance

The nature of core business guarantees stable returns and the company pays regular dividends but valuations are high for a business with regulated tariffs and relatively low growth visibility

Russian attacks on Ukraine's power grid touch Kyiv with blackouts

Sustained Russian attacks on Ukraine's power grid in recent weeks have forced leaders of the war-ravaged country to institute nationwide rolling blackouts. Without adequate air defences to counter assaults and allow for repairs, though, the shortages could still worsen as need spikes in late summer and the bitter-cold winter. The Russian airstrikes targeting the grid since March have meant blackouts have even returned to the capital, Kyiv, which hadn't experienced them since the first year of the war. Among the strikes were an April barrage that damaged Kyiv's largest thermal power plant and a massive attack on May 8 that targeted power generation and transmission facilities in several regions. In all, half of Ukraine's energy system was damaged, Foreign Minister Dmytro Kuleba said. Entire apartment blocks in the capital went dark. The city's military administration said at least 10 per cent of consumers were disconnected. For many, it is a taste of what might be in store if Ukrai

Indian Hotels, Power Grid, Federal Bank: Top 3 technical picks for May 14

There is a bullish butterfly pattern seen on hourly scale so based on these signals, we advise investors / traders to "go long" in Indian Hotels Company within the price range of Rs 545-555 per share

GE T&D India bags 74 million pound order from GE group's British arm

GE T&D India on Friday said it bagged an order worth 74 million pound (Rs 785 crore) from UK Grid Solutions Ltd for supply and manufacturing of HVDC Converter Transformer. Both the entities are part of GE Group and this related party transaction has been approved by shareholders in last annual general meeting held on August 21, 2023, GE T&D India said in a regulatory filing. The company received the order on December 28 in the normal/ordinary course of business from UK Grid Solutions Limited, it said, adding that the transaction is done at arm's length.

State-owned Power Grid board approves raising Rs 2,200 crore via bonds

State-owned Power Grid Corporation board on Friday approved raising of Rs 2,200 crore through bonds. The company's committee of directors for bonds, in their meeting on July 29, 2023, approved the raising of up to Rs 5,700 crore in FY 23-24 in multiple tranches to part finance its capex requirement, for providing inter corporate loan(s) to wholly owned subsidiaries/JVs and for general corporate purposes, according to a regulatory filing. Further, it stated that the committee of director for bonds in their meeting on Friday approved the raising of up to Rs 2,200 crore towards the third tranche of bonds. The base issue size is Rs 500 crore with a greenshoe option of Rs 1,700 crore, the the filing added.

Power Grid to build Rs 20k-crore Green Energy Corridor-II in Ladakh

The GEC-II is an Inter-State Transmission System (ISTS) project aimed at connecting at least 13 gigawatts of forthcoming renewable energy projects in Ladakh

Power Grid board approves raising Rs 5,700 cr through bonds in FY24

Power Grid Corporation's board has approved a proposal to raise up to Rs 5,700 crore through issuance of bonds on private placement basis in multiple tranches in 2023-24. The fund raised will be used to part finance its capex requirement, for providing inter corporate loans to wholly-owned subsidiaries/JVs and for general corporate purposes. This will be done by securitization of cashflows of 4 operational SPVs (special purpose vehicles) viz. POWERGRID Bhuj Transmission, POWERGRID Khetri Transmission System, POWERGRID Medinipur Jeerat Transmission System and POWERGRID Varanasi Transmission System up to March, 2034. The company is raising Rs 500 core in the first tranche with a green shoe option of (additional) Rs 1,400 crore.

Transmission needs a level playing field

Issues with Power Grid need to be sorted out to ensure fairness for the private sector

Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank

CLOSING BELL: The Nifty PSU Bank index declined 2.2 per cent, while the Nifty Bank and Private Bank indices fell 1.8 per cent each

Decentralised RE will help upgrade India's grid network: GE Grid Solutions

Company's advanced products focussed on grid automation, stability and remote control are being deployed in Rajasthan, UP, J&K and Himachal Pradesh

One Nation, One Grid: A problematic power equation

Concept of centralised electricity market sounds sensible in theory but is likely to be unworkable in practice

12 states, J&K debarred from power trading over non-payment of dues

Firms cumulatively owe Rs 5,000 crore to gencos; Telangana has the highest amount of Rs 1,380 crore

China tried to hack Power Grid systems in Ladakh thrice: R K Singh

Amid reports of Chinese state-sponsored hackers targeting the power grid, the Ministry of External Affairs asserted India has systems in place to safeguard critical infrastructure