Changyuan Group Ltd. announced that based on the 2012 sixth centralized tendering information released by the State Grid Corporation of China (SGCC), three holding subsidiaries under the company won bids for related projects, with the sum of contracts awarded being CNY 98.6328 million. Shenzhen NARI Automation Co., Ltd. wins bid for safeguard supervisory equipment, with contract awarded being CNY 78.2028 mi ...

India’s power sector reforms in 2013 would be led by the distribution segment, armed with the newly-announced debt restructuring package for state utilities. The Centre has backed the package with measures to ensure it does not meet the same fate as the one-time-settlement scheme of 2001. Also, most states have defeated political interference on revising retail rates, which will show in healthy balance shee ...

Odisha Power Transmission Corporation Limited (OPTCL) has signed a joint venture (JV) agreement with the national electricity carrier Power Grid Corporation of India Ltd (PGCIL) to strengthen transmission network. The joint venture agreement, would also execute transmission projects worth Rs 2,000 crore in the state. The JV would have 50:50 stake which is the first of its kind in the state, Energy Secretary ...

Powergrid Corporation of India Ltd (PGCIL), India's largest power transmission utility, announced it would invest Rs 16,300 crore in two phases in Bihar to ramp up the electricity grid system of the state. The investment would be done through a new Joint Venture (JV) company between PGCIL and Bihar State Power Holding Company Ltd (BSPHCL) called Bihar Power Grid Company Ltd. The two sides had signed an agre ...

State Grid Corporation of China, the world’s largest State-owned utility, plans to invest $30 to $50 billion in overseas assets until 2020. Liu Zhenya, general manager of the State-owned power grid, said that by 2020 the company’s overseas assets will increase to 10 percent of the total from the current 2 percent. The company’s overseas assets are now worth more than $8 billion, and their investment return ...

The smallest Pacific island economies can overcome economic growth challenges related to isolation and low populations by expanding economic links and using technology to build connections, according to the December issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM), released today. “Changes in the global economy will place greater pressure on the smallest Pacific island states to fi ...

Power Grid Corporation of India have approved formation of JV companies in Odisha and Bihar at a recent meeting with the Board of Directorst. They have accorded approval for (a) formation of a Joint Venture Company With Odisha Power Transmission Corporation Ltd for taking up Intra State Transmission projects in the state of Odisha; and (b) formation of a Joint Venture Company with Bihar State Power (Holding ...

ABB, the leading power and automation technology group, has won orders worth over $100 million, to supply converter transformers and components for the Hami-Zhengzhou ultrahigh-voltage direct current (UHVDC) transmission link. The 800 kilovolt (kV) link will be State Grid Corporation of China’s newest and highest capacity transmission system when commissioned in 2014. The project will leverage the rich coal ...

It didn’t take long for Liu Zhenya, general manager of State Grid Corp., to make good on a pledge to grow the Chinese power giant’s overseas assets. Two weeks ago, Mr. Liu was telling reporters attending the Communist Party Congress in Beijing that State Grid’s ambition is to nearly quadruple its overseas assets by 2020 to as much as US$50 billion. Healthy returns from past deals are emboldening management ...

Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, today announced that ElectraNet Pty Limited, the principal electricity transmission network service provider in South Australia, has chosen Bentley Substation to reduce high-voltage electric substation design costs and enable existing design resources to meet an ever-incr ...