Rating agency ICRA has estimated a subsidy dependence of Rs 850 bn amid low tariff hikes allowed for discoms in 2018-19 and expects improvement in thermal plants capacity utilisation in the near to medium term.
After a prolonged delay of 11 years, the Udangudi power project is finally set to take off. As per reports, the project worth Rs 1,000 crore, funded by the Rural Electrification Corporation (REC), will be executed by Bharat Heavy Electricals Limited (BHEL) in 42 months.
The Rural Electrification Corporation (REC) has entered in a loan agreement with the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for the setting up of the Udangudi Stage-I (2 x 660 MW) coal-based Supercritical Thermal Power Project in Tuticorin, Tamil Nadu.
Rural Electrification Corporation (REC) has inked a pact with Karnataka Power Corp (KPCL) and Bangalore Electricity Supply Company (BESCOM) to extend Rs 39,121 crore assistance to the power companies over the next five years.
Tangedco will set up its first ever super thermal power plant with 800 MW capacity in north Chennai with financial assistance from the Rural Electrification Corporation (REC). REC has sanctioned Rs 6,890 crore for the power plant and two substations of 765 kV and 400 kV capacity in and around Chennai.
The Centre has so far sanctioned around Rs 1,657 crore under the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) for Odisha of which the state government has spent Rs 20 crore.The DDUGJY, the erstwhile Rajiv Gandhi Grameen Vidyutikaran Yojana, was launched to provide electricity to all rural households and to ensure electrification of all villages.
Since inception in 1971 as a mechanical construction contractor, Technofab Engineering has evolved into a multidisciplinary contracting company, initially serving the thermal power sector and, since 2007, multiple sectors (thermal and nuclear power, water, electrical, oil and gas, and industrial) and geographies.