India takes major step towards creation of regional power grid
POWER & RENEWABLE ENERGY

India takes major step towards creation of regional power grid

In a major stride towards creating a robust regional power grid, the country’s largest power trading platform, the Indian Energy Exchange (IEX), commenced the Cross Border Electricity Trade (CBET) on Monday.

As per the CEA and CERC, as of date, India imports 8.7 BU of electricity from Bhutan and exports 2.37 BU and 7 BU to Nepal and Bangladesh, respectively. The power trade with these countries is expected to increase to about 40 BU by FY2022 and 70 BU to FY2027 according to a study by the New Delhi-based think tank, Integrated Research and Action for Development (IRADe).

This maiden initiative will help energy exchanges based here progressively extend their reach beyond the country’s territorial boundaries to not only countries of South Asia but also a large market like Myanmar in the South East Asia region under the evolving grid.

Although CBET rollout was anticipated in 2020 itself, it took some time to iron out certain procedural challenges, official sources told CW’s group publication Infrastructure Today.

SN Goel, Chairman & Managing Director, IEX; Mohit Bhargava, CEO, NVVN & Executive Director Renewable Energy, NTPC; and Pankaj Batra, Project Director, SARI/EI/IRADe, weigh in with insights and plans based on the initiative.

Read full story here

In a major stride towards creating a robust regional power grid, the country’s largest power trading platform, the Indian Energy Exchange (IEX), commenced the Cross Border Electricity Trade (CBET) on Monday. As per the CEA and CERC, as of date, India imports 8.7 BU of electricity from Bhutan and exports 2.37 BU and 7 BU to Nepal and Bangladesh, respectively. The power trade with these countries is expected to increase to about 40 BU by FY2022 and 70 BU to FY2027 according to a study by the New Delhi-based think tank, Integrated Research and Action for Development (IRADe). This maiden initiative will help energy exchanges based here progressively extend their reach beyond the country’s territorial boundaries to not only countries of South Asia but also a large market like Myanmar in the South East Asia region under the evolving grid. Although CBET rollout was anticipated in 2020 itself, it took some time to iron out certain procedural challenges, official sources told CW’s group publication Infrastructure Today. SN Goel, Chairman & Managing Director, IEX; Mohit Bhargava, CEO, NVVN & Executive Director Renewable Energy, NTPC; and Pankaj Batra, Project Director, SARI/EI/IRADe, weigh in with insights and plans based on the initiative. Read full story here

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?