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Adani, Torrent Submit Expression of Interest for South East U.P. Power Transmission

wirecableApril 3, 2021April 5, 2021

April 3, 2021April 5, 2021

Madrid-based Isolux Corsan had built lines and substations within a 600 km stretch near Aligarh. Now, out of the remaining infrastructure of around 1,000 km, about 30% has been completed so far. April 03, 2021 Multinational conglomerate Adani Group and Torrent Group have submitted their expression of interest (EoI) to......

PFC, REC disburse Rs 33,694 crore transitional loans to discoms

wirecableMarch 12, 2014June 24, 2015

March 12, 2014June 24, 2015

February 20, 2014 Power Finance Corp and Rural Electrification Corp have disbursed transitional loans worth Rs 33,694 crore to state-owned power distribution companies. Besides, the two state-owned power sector lenders have together subscribed to Uttar Pradesh Power Corp Ltd’s (UPPCL) bonds worth Rs 2,612 crore. The government is also implementing......

Uttar Pradesh set to privatize power distribution in four cities

wirecableMay 23, 2013June 7, 2013

May 23, 2013June 7, 2013

April 9, 2013 After proposing a revision in power tariff, the state government is all set to privatize power distribution system in at least four major cities – Ghaziabad, Kanpur, Meerut and Varanasi. The privatization will be done under the public-private-partnership (PPP) model wherein the state government will set up......