Electrical & Power Industry News: Power/Electricity Distribution

Schneider Electric extends 3-Phase Easy UPS 3L from 250 kVA to 600 kVA Schneider Electric today announced it has extended  Easy UPS 3L from 250 kVA to 600 kVA (400V) with the addition of 250, 300, and 400 kVA 3-phase Uninterruptable Power Supplies (UPSs) for external batteries. The Easy UPS 3L simplifies and streamlines configuration and service, delivering high availability and predictability to medium and large commercial buildings and light...

Reliance Power-JERA JV gets financial closure for 745 MW-Bangladesh unit Anil Ambani-led Reliance Power and JERA of Japan, through their joint venture project company, have achieved financial closure for developing a new gas-fired power generation project in Bangladesh. The group of lenders includes Japan Bank for International Cooperation (JBIC) and Asian Development Bank (ADB).  The Project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas...

Siemens completes acquisition of C&S Electric Siemens has completed its acquisition of C&S Electric in India. The company has acquired 99.22% of C&S Electric from its promoters for Rs 2,100 crore. Last year, on August 20, the company had received the approval of Competition Commission of India.  “The Company has acquired 99.22% (approximately) equity shares of C&S Electric Limited from its promoters, for an aggregate consideration of Rs 2,100 crore on...

Hitachi ABB Power Grids reports 55% YoY rise in Q4 PAT Hitachi ABB Power Grids in India announced its fourth-quarter and full-year results for 2020 and reported 54.9% year-over-year (YOY) rise in profit after tax (PAT) during fourth quarter on realization of old receivables previously provided for.  The company also announced that in Q4, revenue inched closer to pre-pandemic levels, ending 7.5% lower YoY while it rose 10.3% Quarter on Quarter...

ReNew Power to list on NASDAQ at $8 Bn valuation ReNew Power, India’s leading pure-play renewable energy producer, and RMG Acquisition Corporation II announced the execution of a definitive agreement for a business combination that would result in ReNew becoming a publicly listed company on the NASDAQ.  “Upon closing of the transaction, the combined company would be named ReNew Energy Global PLC and would be publicly listed under the symbol “RNW”....

ABB to secure power supply for 5G mobile device manufacturer More than 5 billion people around the world already use a mobile phone - and the figures are rising. For their part, smart phones and other mobile devices are becoming more and more sophisticated and powerful. One of the drivers of this technological development is OPPO. At its major new technology park in Chongqing, China, ABB’s digital energy management and power...

PM inaugurates Pugalur-Thrissur HVDC project Prime Minister Narendra Modi inaugurated POWERGRID’s 320 kV 2000 MW Pugalur (Tamil Nadu) - Thrissur (Kerala) HVDC project on 19 February. He also dedicated a 50 MW Kasaragod Solar Power Project to the nation. Speaking on the occasion, Prime Minister said that the Pugalur – Thrissur High Voltage Direct Current  system will facilitate transfer of huge quantum of power to meet the growing power demands of...

Finolex adds RPVC conduits to its offering Finolex Cables, India's leading electrical & communications cable manufacturer adds conduit and fittings to its repertoire. The conduits are manufactured at its state—of-the-art Goa plant from specially formulated µPVC to meet the most stringent India & International standards. These are made of high impact resistance materials which make them safe to use across varied environmental conditions. The conduits are available in 19"-32" diameters in...

GE T&D India appoints Mahesh Palashikar as Chairman GE T&D India Limited (GETDIL) announced the appointment of Mahesh Palashikar on the Board as Chairman. Mahesh assumes the role of Chairman effective 1 March 2021 and succeeds Vishal K Wanchoo who resigned from Board upon assuming new responsibility with another company, post retirement from GE. Mahesh is the President of GE South Asia and Chairman of GE Power India Limited. As a 21-year...

Demand for electrical equipment will be all time high: R.K. Singh “The demand for electrical equipment will be all time high in times to come with the numerous reforms undertaken to strengthen and modernise the distribution sector with the investment of Rs. 3.05 lakh crore in the next five years,” said Power Minister RK Singh while inaugurating the 4th edition of Distribuelec being organised by Indian Electrical and Electronics Manufacturers'...

International Solar Alliance appoints Dr Ajay Mathur as its new DG The International Solar Alliance (ISA) announced Dr. Ajay Mathur as its new Director General following his election at the first special Assembly of ISA members. A coalition of 73 member countries, ISA was launched at the end of 2015 to accelerate the demand for and use of safe, sustainable, and affordable solar energy for all. It aims to mobilize over...

OLA to deploy ABB robotics at its electric scooters factory Ola, one of the leading mobility companies in the world, today announced that it has selected ABB as one of its key partners for robotics and automation solutions for its mega-factory in India that will roll out the much-anticipated Ola electric scooter. Ola’s scooter mega-factory, billed to be the world’s largest scooter factory, is expected to be ready and operational in...

India Smart Utility Week 2021 to be held on 02 – 05 Mar International Experts from Government Institutions, Regulatory Commissions, Think Tanks, Academia and Technology Companies from all Continents are expected to join the Conference and share their experiences and expertise India Smart Grid Forum, a PPP initiative of Government of India, is organising the 7th edition of their annual flagship event - India Smart Utility Week (ISUW 2021) from 02...

“Budget focuses on reviving the economy” With its extensive focus on infrastructure and healthcare, the Budget FY21-22 clearly focuses on reviving the economy. The key pillars such as health and wellbeing, capital and infrastructure, inclusive development, enhancing human capital, innovation and R&D and minimum government and maximum governance rightly identifies the core areas for sustained growth and provides considerable thrust towards an Atmanirbhar Bharat. The emphasis on further expanding the...

Investment in Infrastructure, Railway and Discoms will boost Electrical Equipment Industry: IEEMA Indian Electrical and Electronics Manufacturers Association (IEEMA) welcomed the Union Budget announced by the Union Finance Minister Nirmala Sitharaman, as a “balanced budget”. Reacting on the budget Anil Saboo, President – IEEMA, said, “A figure of Rs. 3.05 Lakh Crore will be invested in Discoms for improvement of feeder separation, prepaid Smart Metering and upgradation of systems. This investment...