Power Grid Plans Rs 5,000 Cr Bond
POWER & RENEWABLE ENERGY

Power Grid Plans Rs 5,000 Cr Bond

The Power Grid Corporation of India has received approval from its board to raise up to Rs 5,000 crore through the issuance of bonds. This strategic move aims to support its ongoing investments in India's power transmission infrastructure and meet its financial requirements for upcoming projects. The bond issuance will serve as a key component in Power Grid's financial management strategy, allowing the company to secure capital at competitive rates to fund its transmission network expansion.

The decision aligns with India’s growing energy demand and the need for a reliable and efficient power transmission network. Power Grid, being one of the major players in the country’s power sector, is tasked with maintaining and expanding the national grid, ensuring that electricity is efficiently transmitted across the country.

By tapping into the bond market, Power Grid aims to attract institutional investors and strengthen its financial reserves for large-scale infrastructure development projects. This comes as part of a broader effort to enhance the energy infrastructure in India, ensuring the reliability and stability of electricity supply to meet the nation’s future energy needs.

The Rs 5,000 crore bond issuance is expected to boost Power Grid’s ability to invest in new technologies, expand the grid’s capacity, and support its ambitious capital expenditure plans.

The Power Grid Corporation of India has received approval from its board to raise up to Rs 5,000 crore through the issuance of bonds. This strategic move aims to support its ongoing investments in India's power transmission infrastructure and meet its financial requirements for upcoming projects. The bond issuance will serve as a key component in Power Grid's financial management strategy, allowing the company to secure capital at competitive rates to fund its transmission network expansion. The decision aligns with India’s growing energy demand and the need for a reliable and efficient power transmission network. Power Grid, being one of the major players in the country’s power sector, is tasked with maintaining and expanding the national grid, ensuring that electricity is efficiently transmitted across the country. By tapping into the bond market, Power Grid aims to attract institutional investors and strengthen its financial reserves for large-scale infrastructure development projects. This comes as part of a broader effort to enhance the energy infrastructure in India, ensuring the reliability and stability of electricity supply to meet the nation’s future energy needs. The Rs 5,000 crore bond issuance is expected to boost Power Grid’s ability to invest in new technologies, expand the grid’s capacity, and support its ambitious capital expenditure plans.

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Next Story
Infrastructure Energy

West Bengal Seeks O&M Bids for 1.891 MW Solar Project

The West Bengal Power Development Corporation (WBPDCL) has invited bids for the comprehensive operation and maintenance (O&M) of a 1.891 MW rooftop solar project at Kolaghat Thermal Power Station for two years. Bids must be submitted by March 29, 2025, and will be opened on April 2. An earnest money deposit of Rs 89,332 is required, and successful bidders must provide a performance bank guarantee of 10% of the contract value within 30 days of the work order issuance. If the accepted bid value is 80% or lower than the estimated value, an additional performance security of 10% is mandatory. ..

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?