POWERGRID Wins 4.5 GW Renewable Energy Transmission Project

07 Mar 2025 CW Team

Power Grid Corporation of India (POWERGRID) has received a letter of intent from PFC Consulting to develop an interstate transmission system (ISTS) at the Kurnool-III substation in Andhra Pradesh, aimed at integrating 4.5 GW of renewable energy. The project involves augmenting the transformation capacity at the existing Kurnool-III substation, extending the C’peta substation, and constructing a 765 kV direct current transmission line.

The project will be executed on a build, own, operate, and transfer (BOOT) basis, covering activities like surveying, preparing a detailed project report, financing, project management, obtaining clearances, land compensation, design, engineering, equipment supply, construction, erection, testing, and commissioning. The substations and related infrastructure must remain within a 3 km radius of the area proposed in the survey report.

POWERGRID has been securing major transmission projects recently. It received letters of intent from REC Power Development and Consultancy (RECPDCL) for three projects worth Rs 107.5 billion, including power evacuation from the Rajasthan Renewable Energy Zone (REZ) Phase V, capacity augmentation at Banaskantha in Gujarat, and integration of the Kurnool-IV REZ Phase I in Andhra Pradesh.

Additionally, POWERGRID won projects from RECPDCL to establish ISTS and boost substation capacity in Gujarat and Karnataka. These include the augmentation of transformation capacity at the KPS1 and KPS2 projects in Gujarat and the Bidar substation in Karnataka, enhancing capacity by 3×500 MVA, 400/220 kV ICTs and 1×1500 MVA, 765/400 kV ICT.

In December last year, POWERGRID secured a project from RECPDCL to evacuate 8 GW of renewable energy from Gujarat’s Khavda REZ under Phase V, Part A.

(Mercom)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..