TN’s Tantransco inks deal with KFW on green energy

08 Dec 2022 CW Team

The Tamil Nadu Transmission Corporation has signed a memorandum of understanding with German bank KFW for a loan to implement phase two of the Green Energy Corridor (GEC).

The Centre has approved Rs 7.20 crore for the project in Tamil Nadu, including grant of 33% from the Ministry of New and Renewable Energy, while 47% of the project cost will be funded by the loan from KFW and the remaining 20% as equity from the Tamil Nadu Transmission Corporation Ltd (Tantransco).

As per the ministry’s instruction, the tender must be floated by December 2023; but a senior Tantransco official said the state-owned power utility plans to start the bidding process sooner since it has signed the agreement with KFW. The work is scheduled to be completed by 2025-2026.

“GEC phase-2 will add 10,753 circuit kilometres of transmission lines and 27,546 mega-volt-ampere capacity of substations in seven states - Gujarat, Himachal Pradesh, Karnataka, Rajasthan, Tamil Nadu, and Uttar Pradesh,” he said.

In Tamil Nadu, Tantransco would establish a 400kV substation at Samugarengapuram in Tirunelveli district, three 230kV substations at Poolavady and Kongalnagaram in Tiruppur district and Muppandal in Kanyakumari district under phase-2, the official said.

Another official pointed out that this scheme would help create intra-state transmission infrastructure required for evacuating 4,000 MW from renewable energy power projects by setting up 624 circuit km of transmission lines in the state.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..