Bangladesh Power seeks USD 15 Billion for Power & Transmission Projects

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

6 June, 2011 Bangladesh Power Development Board (BPDB) seeks a USD 15 billion fund from the power division to implement several power projects and evacuation system. According to the BPDB it is set to produce 15,000 MW electricity by 2015. It also needs to install a 4,926 kilometer transmission line......

Larsen & Toubro Wins Transmission Contracts from Gulf region worth Rs. 1,366 crore

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

21 July, 2011. Larsen & Toubro (L&T) construction division Power Transmission & Distribution IC has secured engineering, procurement and construction contracts worth Rs. 1,366 crore (USD 304.68m) from GCC countries for construction of electricity transmission lines.L&T subsidiary Larsen & Toubro Saudi Arabia has received a contract worth Rs. 597 crore......

India seeks over Rs. 11,000 crore from World Bank for T&D Projects

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

21 June, 2011 India’s power ministry has sought a financial aid of USD 2.5 billion or over Rs. 11,000 crores from the World Bank for an ambitious project of transmission and distribution of electricity among the eight northeastern states, an official release said here today.The release, issued by the North......

World Bank provides USD 99 million aid for Indo-Nepal link

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

23 June, 2011 The World Bank has approved a USD 99 million (Rs. 440 crores) package for an Indo-Nepal cross-border energy cooperation to mitigate a national energy crisis in the Himalayan republic. The funding is meant for the landmark Nepal-India ElectricityTransmission and Trade Project (NIETTP) that will provide Nepal with......

PGCIL to provide consultancy for undersea power line from Sri Lanka

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

17 June, 2011 Power Grid Corporation of India Ltd (PGCIL) will provide consultancy services to the Sri Lankan government for setting up an undersea power transmission line between the two countries. The project, estimated to cost Rs 2,500-3,000 crore, is to be jointly implemented with the Ceylon Electricity Board, the largest......

USD 5 billion Transmission line moves with Google support

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

7 June, 2011 The renewable energy industry knows all too well that one of the greatest hurdles to its growth is the outdated transmission system. While the government hasn’t jumped on the issue as quickly as the industry would like, major companies such as Google are taking steps to expand......

Qtel connects to the Tata Global Network-Gulf cable project

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

2 Jun, 2011 Qtel announced the successful landing of the Tata Global Network (TGN) Gulf high-capacity submarine fibre optic cable in Sumaismah, north of Doha, Qatar. When the new link is fully functional by the end of the year, it will instantaneously route traffic from Qtel customers to Mumbai, India......

India to add 67,000 MW solar power capacity by 2022

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

9 May, 2011 Technological breakthroughs and economies of scale will make solar power competitive in six years and help India add 67,000 megawatts of solar generation capacity by 2022 – more than thrice the country’s target, according to a report by consultancy firm, KPMG.The report, which will be released next......

Power demand seen at 1,400 bkwh in 2012-17

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

6 May, 2011 Country’s power demand is seen rising 55.6 per cent to 1,400 billion kilowatt hours (bkwh) by the end of next five year plan period that ends in March 2017 Power Secretary P. Umashankar said. He said the country needs to add 100,000 megawatt of generation capacity during......

REC to invest USD 600 millon to set up 300-400 MW Hydro, Biomass capacity

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

28 Jun, 2011 Indian Lender Rural Electrification Corporation (REC) is getting into investing directly into the renewable energy space in India. Note REC along with PFC, IDFC is one of the biggest lenders to the Indian power sector which is expected to treble in capacity over the next decade. These......