IndiGrid's Strategic Move: Acquiring Renew Solar Project

IndiGrid starts new transmission project in Maharashtra's Beed

IndiGrid, an infrastructure investment trust, announced the operationalization of its inaugural greenfield transmission project situated in Beed, Maharashtra. The trust had secured the project in December 2021 through a Tariff-Based Competitive Bidding (TBCB) process for development under the Build, Own, Operate, and Maintain (BOOM) framework spanning 35 years, according to a statement released by IndiGrid.

As per the statement, the project comprises a substation with a capacity of 2 x 500 MVA (mega volt amp) and voltages of 400/220 kV (kilovolt), along with 10 Bays housing a LILO (Loo..

IndiGrid and G R Infra team up for Rs 50 bn power transmission bids

India Grid Trust (IndiGrid), the first listed power sector infrastructure investment trust (InvIT) in India, and G R Infraprojects (GRIL), a prominent player in the Infrastructure sector, have collaboratively decided to bid for identified power transmission projects valued at Rs 50 billion. According to a statement from IndiGrid, they have announced a strategic partnership in the Indian power transmission sector.

As per the agreement, they have signed to jointly bid for Tariff Based Competitive Bidding (TBCB) transmission projects, totalling approximately Rs 50 billion. The power minis..

IndiGrid Q3 FY2024 Profits Decline

IndiGrid, the leading infrastructure investment trust focused on power transmission assets, has reported a decline in profits for the third quarter of the fiscal year 2024. The financial results indicate a challenging quarter for the company, reflecting various factors impacting its operational performance.

During Q3 FY2024, IndiGrid faced headwinds that led to a decrease in profits compared to the previous quarters. The intricacies of the energy sector, market dynamics, and regulatory influences could have contributed to this downturn.

Despite the temporary setback, IndiGrid r..

J&K army installs soalr lights in LOC border village, Dabbi

Dabbi village in Jammu and Kashmir, near the Line of Control, now has solar-powered lights installed by the army. This project, called 'Sadhbhavana' or goodwill, was finished quickly to help villagers who've suffered from cross-border shelling for years and had no street lights. The army's aim was to improve life in Dabbi, so they put up solar lights where people gather, like near the mosque, shrine, school, and animal sheds. Now, 19 households and 129 villagers have reliable street lights, making it safer to move around at night. This also created community spaces and brought people closer. <..

Thermal plant load factors will approach 70% in FY25; Ind-Ra reports

Ind-Ra expects merchant market prices to remain elevated in FY25, driven by sustained high demand and sluggish thermal capacity expansions. However, it foresees an acceleration in thermal capacity additions over FY25-26, with annual commissioning expected to range between 6-8GW. The new draft tariff norms by the Central Electricity Regulatory Commission for FY25-FY29 aim to maintain stability; ensuring regulated returns for existing power plants.

Additionally, the agency predicts continued renewable capacity additions at a pace of 15-18GW annually over FY25-FY26, supported by lowe..