Union Govt to install 10,000 MW hybrid renewable energy projects in Ladakh UT
Efforts aimed at making cold desert carbon-neutral
Mohinder Verma
JAMMU, Feb 6: To make cold desert carbon-neutral, the Union Government is working towards installation of 10,000 Mega Watts (MW) hybrid renewable power projects in the Union Territory of Ladakh and different agencies are in the process of identifying suitable land and preparation of Detailed Project Report (DPR) for necessary transmission infrastructure.
Official sources told EXCELSIOR that as per the various assessments done till date, Ladakh has a potential of 30 Giga Watts of solar, 5 Giga Watts of wind, 2 Giga Watts of hydro and 300 Mega Watts of geothermal potential and Government of India wants to tap this potential in phased manner in order to make the newly created Union Territory carbon-neutral just as the nation’s Sikkim has made its mark as an organic State in the North-East.
RInfra sold 74% equity stake in PKTCL to IndiGrid
Our Bureau
Mumbai January 9 |
Updated on
January 09, 2021
Transaction valued at ₹900 crore Reliance Infrastructure Limited (RInfra) has sold its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ₹900 crore.
RInfra owns 74 per cent in PKTCL located in the state of Himachal Pradesh and Punjab in joint venture with Power Grid Corporation of India Limited (PGCIL).
The deal was announced in November 2020 with the signing of a definitive binding agreement between RInfra and IndiGrid and has now been completed with transfer of shares of PKTCL, and receipt of sale consideration.
Utilising the sales proceeds for debt reduction, Reliance Infrastructure has reduced its consolidated debt by around 6 per cent from Rs 14,000 crore to Rs 13,100 crore, the company stated