The survival with thrive of each one of us along with changing con-sumption pattern and behaviour is key in today’s transforming transition of electricity. Electricity business persists over a century and is continuously transitioning to overcome various challenges in meeting demand in congruence to public and environment. The electricity business approach until 20th century accelerated economic growth in many countries due to aggressive investment.
The base of prosperous developed countries is built upon fossil fuel, carbon intensive industries, and lifestyles which have resulted only in global warming. This is spurring developing countries to ensure that its development goal follows no carbon as future model. India should decouple the challenges of becoming prosperous while simultaneously climbing the unclimbed journey of sustainability - enabling net zero transformation to be habitant of green future.
Time zone is the essence of any business model and with shifting of economy to low growth, facilities tend to be surplus under the legal monopoly, so switched to a model for efficiency based on market principles. This invites fair competition in the wholesale and electricity generation businesses in which transmission and distribution businesses unbundled to ensure competitive neutrality. Intermittency of renewables will increase the quantum of transmission capacity needed, which will translate to even higher investments. This enabled the power sector in witnessing significant changes in course of 4th regime of transmission pricing as Inter State Transmission System has grown from yearly transmission charges of Rs 100 bn in 2011 to Rs 360 bn in 2019. Now, entered with more pragmatic model of Framework of Point of Connection Charges “2020 Sharing Regulations” to bring deeper value proposition.
This story is from the May 2022 edition of Construction Week.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 2022 edition of Construction Week.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
SHYAM METALICS TO ESTABLISH A NEW PLANT
The company to invest Rs 450 crore in the greenfield project.
RS 645 CR FUNDING TO KICKSTART 10 WATERWAYS
India is investing over Rs 1,000 crore in ten projects aimed at boosting transportation efficiency
SP GROUP SELLS BROWNFIELD GOPALPUR PORT
The enterprise value of the transaction is Rs 3,350 crore
BMC GRANTS RS 1,000 CR TO MMRDA
The amount is a contribution towards the construction of metro rail corridors
RS 20,000 CR PETROCHEM COMPLEX BREAKS GROUND
Will aid in boosting hydrogen production
SHRIRAM PROPERTIES' CODENAME ULTIMATE
The project's centerpiece is its expansive 14,000 square foot clubhouse
BIG BOOM
CONCRETE BOOM PUMPS ARE GETTING BIGGER THAN WHAT THEY WERE
SCHNEIDER ELECTRIC INAUGURATES - COOLING FACTORY IN BENGALURU
Will manufacture cooling solutions to bolster the efficiency and sustainability of the data center ecosystem in India
WILL OF STEEL
Vinay Shroff, Chief Marketing Officer, JSW Steel, has his hands full.
LEADING LIGHTS
What comes to mind when you hear women in construction?