Cabinet approves BIMSTEC MoU for cross-border power grid interconnections
The Dollar Business Bureau A Memorandum of Understanding (MoU) on grid interconnections for smooth power sharing infrastructure in the South Asian region was finalised by seven partner countries of BIMSTEC in January 2017. Bangladesh, Myanmar, Nepal, Bhutan, Thailand, Sri Lanka and India had together initiated the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in 2005 to formulate the "Plan of Action for Energy Cooperation in BIMSTEC". Giving a nod to a proposal forwarded by the Ministry of Power on April 12, the Cabinet approved the signing of "Memorandum of Understanding for Establishment of the BIMSTEC Grid Interconnection". Negotiations for the agreement have been ongoing for years. During the period, a total of five meetings were held under the banner 'Task Force for BIMSTEC on Trans-power Exchange', to reach consensus. Once a draft MoU ...
Demonetization had no impact on Q3 results: Jha, Powergrid
Sairaj Iyer If results posted by Powergrid corporation are analysed, the country’s premiere power grid ‘central transmission utility (CTU), felt no impact due to demonetization that began on November 8, 2016. On the contrary, the ‘CTU’ has posted a 20% increase in net-profit for Q3 (Oct-Dec 2016) for Rs. 1,930 crore as against Rs. 1,606 crore (Q3 Oct-Dec 2015). At a press conference in Mumbai, IS Jha, the Chairman and Managing Director, appraised the results, highlighting the corporation stock’s financials, performance, and meeting of growth targets. He agreed there could be concerns in the public that demonetization-linked receivables could have impacted the cash-flow for monthly payments. He explained, “I maintain that our customers are nice to us, and are offering timely ...
ABB partners with IITM to cooperate in microgrids, energy projects
The Dollar Business Bureau Swiss power and automation technologies major ABB on Wednesday signed an MoU with Indian Institute of Technology Madras (IITM) to forge technical cooperation to develop microgrids and undertake joint R&D on rural electrification, natural non-fossil resources utilisation, battery energy storage and their connection to loads and main grid. As part of the agreement, IITM and ABB will jointly design, build and supply equipment for up to two microgrids in rural areas. With ABB equipment, the microgrid will have energy efficient DC devices such as LED bulbs, TV, cell phone charges, brushless DC motor based fans; all designed by IITM. IITM will manage the project till the transfer of the installations to the local distribution utility (DISCOM). ABB will help IITM’s ...
9 revived gas-based plants to augment power capacity
The Dollar Business Bureau Augmenting the country’s existing power capacity, the Ministry of Power, GoI, on Sunday announced that it has revived 9 stranded gas-based power plants. “Government is delighted to announce the revival of 9 stranded gas based power generation plants with an installed capacity of 5942 MW, which were successfully bid through a transparent and competitive reverse e-auction process….” “These plants would generate 6.79 billion units of electricity which will be supplied at or below Rs 4.70 per unit to the purchaser Discoms during the period from 1st April 2016 to 30th September 2016,” the Ministry said in an official release. Plants termed as preferred bidders were allocated 7.62 MMSCMD e-bid Re-gasified LNG(RLNG). The auction that concluded on Sunday ...
Foreign alliance to improve Indias power grid capacity
"According to ISGF’s projections, a typical city of 5-10 lakhs population would need nearly Rs.300 – 500 crore for upgrading the electricity grid." Deepak Kumar | The Dollar Business India’s market for power grid is projected to touch Rs.50,000 crore over the next four to five years. More foreign collaboration in the areas of smart grid technology will help India efficiently execute its smart grid projects, thereby resolving the country’s prolonged energy woes. “Our first priority is to provide electricity to people. For this we need to have advance technology. Although we are making steady progress in expanding and building smart grid in the country, any international collaboration will significantly add to our progress,” said Reji Kumar Pillai, President, India Smart ...
