NEWS ANALYSIS

[RAJESH DESAI]

 

INFRASTRUCTURE

 

PowerGrid to diversify into power distribution abroad

 

·         Power transmission monopoly PowerGrid Corporation of India is planning to get into distribution business. The company that cannot directly trade power in the domestic market due to regulatory restrictions, is scouting for power distribution opportunities overseas. Besides, it is trying to branch into EPC (engineering, procurement and construction) business in other countries

·         The company currently has 19 overseas projects that mainly involve consultancy in power transmission. It has international projects of around Rs 10,500 crore under execution.

·         PowerGrid already offers consultancy services in overseas markets, such as Nepal, Bangladesh, Sri Lanka, Afghanistan, Nigeria and Bhutan, among others. The company is still exploring opportunities in this sector in other countries.

Tata Power gears up for monsoon

·         Tata Power has initiated pre-monsoon checks and preventive maintenance of equipment at all sub-stations in the city. Tata Power said it has installed adequate number of ‘de-watering pumps’ at both distribution and consumer sub-stations to avoid flooding of equipment. To handle emergencies, dedicated teams are on standby at strategic locations across the city. Adequate stock of essential spares, tools and equipment, including transformers and switchgears has been ensured to minimise the response time to power interruptions.

 

Tata Power taps govt seeking share of PSU projects in Bhutan

·         Tata Power is eyeing a share of the hydro-power potential being harnessed by public sector enterprises in Bhutan as part of its efforts to de-risk its Indian operations and strengthen the commitment to green power. The company has sought permission to bid for projects identified in the neighbouring country for Indian public sector undertakings under the Indo-Bhutan cooperation treaty.

·         Tata Power has already worked in Bhutan for the Tala transmission project through its joint venture Powerlinks and has another joint venture with the Bhutan government. It is currently developing a 114 MW Dagacchu hydro project with DGPC.

·         Tata Power currently has an installed capacity of 447 MW of hydro power projects and is keen to expand its portfolio faster also to de-risk its thermal power projects in India that face uncertainties over supply of coal and other regulatory and policy issues.

 

 

Regards,

 

Team Microsec Research

 

 

 

Microsec Capital Limited

Tel: 91 33 30512100

Fax: 91 33 30512020

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CA. Rajesh Desai