One Nation, One Grid, One Price
The Indian power sector is set for a revolution with the proposed market-based economic dispatch (MBED) mechanism. MBED aims to establish a uniform pricing framework that prioritizes the least cost and most efficient generators while backing down more expensive ones, thereby creating a national merit order.
Electricity demand in India to grow at 6% in FY2022
Ratings agency ICRA maintains a negative outlook for thermal power generation despite a rise in electricity demand. The thermal plant load factor will remain subdued at 57%. The gap between the average cost of supply and the average tariff for discoms is estimated at 70-75 paise per unit for FY2022.
Tata Power commissions India’s largest natural ester filled power transformer in Mumbai grid
The 110/33/22 kV, 125 MVA power transformer is installed at the BKC receiving station in collaboration with Hitachi ABB Power Grids and Cargill.
India’s $122bn energy stimulus spending may benefit fossil fuels most
A report says India’s energy investment commitments over the last 14 months largely feature measures for power transmission and distribution that could benefit greenhouse-gas-producing fuels more than renewables.
Siemens completes the acquisition of C&S Electric in India
Siemens has acquired C&S Electric’s around 99.22% equity share capital for INR 2,100 crore. The acquisition will allow it to address the rising demand for low-voltage power distribution solutions in India. Apart from gaining easy access to the Indian market, the transaction also aims to create an export hub.
TERI, POSOCO partner on grid balancing research
The partnership will lead to enhanced power system modeling backed with rich data-sets to identify interventions for addressing power sector problems like grid instability.
Larsen & Toubro wins 400 MW solar EPC work in Gujarat
The Indian engineering, procurement and construction contractor has secured orders to build two solar plants of 200 MW each in Gujarat. It has also won significant contracts for power transmission and distribution related work in Rajasthan, West Bengal, Tamil Nadu, and Arabian country Qatar.
Global investors bet on India’s renewable energy sector
A new report highlights key investors finding opportunity in India’s US$500-billion renewable energy infrastructure development and various factors driving these investments.
Kalpataru Power Transmission acquires controlling stake in Brazilian EPC firm Fasttel
The Indian multinational has acquired a 51% stake in Brazilian company Fasttel Engenharia Ltd that specializes in engineering, procurement and construction (EPC) of power transmission, substation and distribution services.
ADB to provide $100 million to upgrade power distribution system in Bengaluru
The funds will be used to move about 7,200 km of overhead distribution lines underground. Besides, fibre-optical cables will be installed in parallel to the underground distribution cables to strengthen the communication network for smart metering, distribution automation, etc.
