Cabinet approves measures to provide liquidity in the Power Sector Dues to the financial stress caused by COVID-19

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans to Distribution Companies (DISCOMs) above limits of working capital cap of 25% of last year’s revenues under Ujwal DISCOM Assurance Yojana (UDAY). One-time relaxation … Read more

CG Power inaugurates fully integrated 400kV Mobile Substation

CG Power and Industrial Solutions (CG) through its wholly-owned step down subsidiary CG Holdings Belgium NV based at Mechelen, Belgium has inaugurated world’s first mobile substation operating at a voltage level of 400kV. With this world record, CG in Belgium further confirms its position as world’s leading pioneer in the delivery of ‘plug & play’ … Read more

Power Grid Corporation of India reports 8% rise in Q2 net profit

Power Grid Corporation of India has reported results for second quarter ended September 30, 2018. The company has reported 7.87% rise in its net profit at Rs 2,309.49 crore for the quarter under review as compared to Rs 2,141.04 crore for the same quarter in the previous year. Total income of the company increased by … Read more

VA Tech Wabag bags EPC order from Power & Water Utility Company

VA Tech Wabag has been awarded a major EPC order worth half a Billion Saudi Riyals from Power and Water Utility Company for Jubail and Yanbu, Kingdom of Saudi Arabia. The scope of this Engineering, Design and Build contract is towards the expansion of Sewage Water Treatment Plant in Jubail. The plant will be designed … Read more

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