Page 2 - Power Grid

Puerto Rico's power firm suspends $65 mn worth of maintenance projects

The private operator of Puerto Rico's power grid confirmed Monday the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory, with some repairs postponed for at least a year because of budget constraints, putting at risk the already troubled grid and sparking a widespread outcry. Some of the deferred projects include maintenance of more than 100,000 light posts, fire mitigation and repairs on underground circuits, among other improvements. Luma Energy's head of regulatory affairs, Mario Hurtado, told The Associated Press on Monday that the suspended projects, which he aims to bring back next year, risk more outages across the island. The risk is always that there will be more failures in terms of public lighting, Hurtado said. At a budget hearing on Friday, Hurtado said Luma Energy prioritized other tasks based on professional judgment, which they consider calculated risks. The lack of fire mitigation puts the grid at risk as hotter temperature

Major electricity outage in parts of Delhi due to fire at UP power grid

Delhi power outage news: The power restoration process has begun and electricity is now gradually returning to different areas, Delhi Minister Atishi said

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

Power Grid, Jubilant FoodWorks, Divi's: Top 3 technical picks for May 9

In the current market scenario, a significant event is unfolding within Power Grid

Power Grid Corporation stock surges 5% on bagging 3 transmission projects

Further, on Wednesday, Power Grid board approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in FY25.

Power Grid Corp board approves plan to raise Rs 12,000 cr via bonds

State-owned Power Grid Corporation of India board on Wednesday approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in 2024-25. "Committee of Directors for Bonds in their meeting held on today i.e. on 17th April 2024 has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable Powergrid Bonds Issue(s) during FY 2024-25 in one or more tranches/series up to Rs 12,000 crore," a BSE filing said. Power Grid Corporation is the country's largest electric power transmission utility. It operates 86 per cent of Inter-Regional networks. It is engaged in the bulk transmission of power across states in the country.

Uttar Pradesh govt buys 5,500 million power units to brace for deficit

Power banking is a bilateral arrangement between two power utilities/states to trade energy to match their respective seasonal variations of surplus-deficit matrix

Best of BS Opinion: Fintech, age, central banking, Few gains at WTO & more

Here is the best of Business Standard's opinion pieces for today

The evenings are hard

Mounting stress upon India's grid engineers

Power Grid Corporation's prospects factored in at current valuations

For FY25, the planned capex is at Rs 15,000 crore, up from earlier guidance of Rs 12,500 crore, alongside capitalisation of Rs 17,000 crore for FY25

NTPC, Power Grid sink 3% on profit taking after rallying up to 21% in 1 mth

The BSE power index, meanwhile, closed calendar year 2023 with gains of 34 per cent with NTPC and Power Grid surging 87 per cent and 48 per cent, respectively, for the year

Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin

Stocks to Watch on January 10, 2024: The company reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore

China wants its massive EV fleet to plug in and charge the power grid

China plans to lean further into vehicle-to-grid tech.

Power Grid Corp bags transmission project for Rajasthan's 20 GW energy zone

State-owned Power Grid Corporation has bagged an inter-state power transmission project for evacuating power from a 20 GW renewable energy zone in Rajasthan. The scope of the project comprises the establishment of two 765kV D/C transmission lines traversing in Rajasthan and Delhi, along with associated bay extension works at existing substations located in Rajasthan and Delhi, a regulatory filing said. According to the filing, Power Grid Corporation has been declared as a successful bidder under Tariff Based Competitive Bidding to establish an Inter-State Transmission System for "Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part D Phase I" on build, own operate and transfer (BOOT) basis. The Letter of Intent (LoI) issued on December 29, 2023, has been received by Power Grid Corporation on January 1, 2024, it said.

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.

Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950

Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today

Power Grid Corp okays Rs 119.95 crore investment in transmission project

State-owned Power Grid Corporation on Friday approved an investment of Rs 119.95 crore for electricity transmission project 'Eastern Region Expansion Scheme- XXXVII (ERES-XXXVII)'. "Committee of Directors on Investment on Projects' of POWERGRID in its meeting held today (October 20) accorded investment approvals for 'Eastern Region Expansion Scheme- XXXVII (ERES-XXXVII)' at an estimated cost of Rs 119.95 crore," according to a BSE filing. It is scheduled to be commissioned within 24 months from the date of allocation by NCT, that is May 19, 2025, the filing added.

Power Grid Corporation inks MoU with Aiims to provide medical equipment

Power Grid Corporation of India on Wednesday signed a memorandum of understanding with All India Institute of Medical Sciences (AIIMS) Raipur for providing medical equipment and an ambulance worth Rs 15.50 crore to the institute. PGCIL will provide Rs 15.50 crore for procuring one CT Scan Machine and ambulance, recovery cum patient shifting trolleys, foldable wheelchairs and e-rickshaws through its CSR funds, AIIMS Raipur Public Relations Officer S S Sharma said. PGCIL hopes that it will give immense relief to patients in terms of the waiting period for a CT scan after the new machine is installed. Other equipment will also help in patient transportation and patient care, said Alok Executive Director (Western Region-1), in a statement. Prof. Ajai Singh, Director of AIIMS Raipur said AIIMS-R has been providing state-of-the-art facilities to patients but there is a need for PSUs and other giant corporations to come forward and provide help to patients through their CSR funds, as ...

Talks on to set up grid interconnection with Singapore, UAE: Power Minister

Union Power Minister R K Singh on Wednesday said that the discussions are underway to establish grid interconnection with Singapore and United Arab Emirates (UAE) for cross border electricity transmission. The discussions come on the back of India's initiative 'One Sun, One World, One Grid' or global solar grid for transmission of electricity across the globe for mitigating emission challenges. Singh said that India is also working on strengthening its power trade infrastructure with neighbouring countries such as Nepal, Bhutan, Myanmar and Bangladesh. Furthermore, plans are underway to establish infrastructure connectivity with Sri Lanka for power trade. "Discussions are ongoing with Singapore for grid connectivity, and similar discussions are taking place with UAE for grid interconnection," he said. An MoU has been signed between India and Sri Lanka to enhance electric connectivity and promote the use of renewables, especially wind energy. "Nepal is seeking investments from Ind

Power Grid hits record high as it emerges successful bidder for 2 projects

Power Grid's board also approved proposal to raise up to Rs 5,700 crore through issuance of bonds on a private placement basis in multiple tranches in 2023-24