Government-owned power transmission company Power Grid Corporation of India (PGCIL) posted a 23% increase in its net profit to R870 crore for the first quarter ended June, against R705 crore in the corresponding quarter last year on the back of higher revenues. Total income during the quarter surged by 27% to R2,980 crore from R2,341 crore in the year-ago quarter. Transmission charges grew by 32% to R2,774 ...

The state-run PowerGrid Corporation of India proposes to lay down an under sea line between India and Sri Lanka. The proposed undersea high voltage direct current (HVDC) transmission line will be for the transfer of 500-mw, which will be subsequently upgraded to 1,000 mw. According to power ministry sources, “The proposed undersea transmi-ssion line entails an invest-ment of around Rs 1,500 crore. A pre-fea ...

Engineering, procurement and construction (EPC) companies like L&T, Kalpataru Power and KEC International plan to participate in eight transmission projects of Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) as developers for a 35-year concession. Tenders for the projects are expected next month. The decision to run the projects on a ‘build, own, operate, maintain and transfe ...

Power transmission concessionaire National Grid Corp. of the Philippines (NGCP) will issue P5 billion worth of fixed rate corporate notes to finance its capital expenses, a top company official said. NGCP president and CEO Henry Sy Jr. said they have signed an agreement with a number of banks for the issuance. Henry Sy Jr said they have commissioned Standard Chartered Bank (Philippine branch) as lead manage ...

Despite being the capital of Manipur, Imphal barely gets power for 5 hours a day. This is just the tip of the iceberg. Parts of Imphal East get only two hours of power each day - for one hour early in the morning, and for one hour in the afternoon. This makes everyday life difficult for people living in these areas. Businesses get affected and they need to rely heavily on inverters. Not only is this inconve ...

Toshiba Corporation today announced that it has resumed manufacturing at the Toshiba Semiconductor Thailand Co., Ltd. (TST) facility in Pathumthani, Thailand, in order to meet healthy demand for discrete products for smart phones and tablet PCs. Production resumed earlier this month and shipments will start today. Production will continue until TST opens its new facility in Purachinburi. TST's facility in t ...

A corroborative test recently begain at a Tokyo Electric Power Co. substation to send electricity to households through transmission lines made of superconductive materials, which have zero electrical resistance and can reduce power loss. The test in Yokohama’s Tsurumi Ward is the first in Japan involving electric power relayed through superconducting transmission lines before reaching households. The New E ...

Electricity of VietNam (EVN) is short of VND20 trillion (US$960 million) in funds targeted for work on electricity projects during the remainder of the year. According to EVN's report, the group has mobilised only VND54 trillion ($2.6 billion), which accounts for 73 per cent of its capital needs for 2012. EVN's 2012 development plan is part of a five-year plan that sets out targets on electricity production ...

Power generation and transmission firm Alstom T&D  said it has bagged two contracts worth Rs 176 crore from Power Grid Corporation. The first contract worth Rs 105 crore is for the supply, erection, testing and commissioning of 80 MVAR and 110 MVAR reactors for 765 kV substations located at Gaya , Ranchi , Dharamjaygarh  and Varanasi, the company said in a statement. The scope of the second order, worth ...

The peak power shortage that India may face this fiscal, as it grapples with acute dearth of coal and gas supplies, is estimated to be 10.6%, says a CEA report.Peak power shortage will be close to 15,000 MW. "The anticipated peaking shortage in the country would be 10.6 per cent," a report by the Central Electricity Authority (CEA) has said.The total electricity demand of the country during the year is 1,40 ...