India’s power demand to rise 6 per cent in FY22
POWER & RENEWABLE ENERGY

India’s power demand to rise 6 per cent in FY22

Demand for electricity in India is expected to increase by 6 per cent in 2021-22 compared to the previous fiscal year, according to ICRA. The rating agency has also forecasted a 17-18 GW increase in power generation capacity for the current fiscal. Additionally, ICRA expects all-India power gen...

Demand for electricity in India is expected to increase by 6 per cent in 2021-22 compared to the previous fiscal year, according to ICRA. The rating agency has also forecasted a 17-18 GW increase in power generation capacity for the current fiscal. Additionally, ICRA expects all-India power generation capacity additions to rebound to 17-18 GW this year, up 45 per cent YoY from 12.8 GW in 2020-21, with the renewable energy segment leading the way with a strong pipeline of 38 GW projects under development. Over the next five years, the renewable energy segment will continue to be the primary driver of capacity addition, accounting for more than 60 per cent of total capacity addition.

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Real Estate

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

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Infrastructure Urban

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

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Infrastructure Transport

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..

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