Latest news with #STATCOM
Associated Press
2 days ago
- Business
- Associated Press
Sifang Hosts Landmark Power Technology Forum: Global Experts Chart Path for Grid Modernization
MANILA, PHILIPPINES - Media OutReach Newswire - 27 June 2025 - The 'New Technology of Power System' forum concluded today in Manila, emerging as a pivotal platform for international dialogue on energy innovation. Co-hosted by Beijing Sifang Automation Company and the Institute of Integrated Electrical Engineers of the Philippines (IIEE), the summit drew industry leaders, technical experts, to address challenges facing modern power grids. Sifang Hosts Landmark Power Technology Forum: Global Experts Chart Path for Grid Modernization The event boasted a distinguished roster of attendees, including Engineer Alberto R. Herrera Jr., National President of IIEE, Engineer Cleofe T. Caidic, IIEE's Technical Affairs Vice President,and executives from Beijing Sifang Automation Company, including Chairwoman Gao Xiuhuan, Vice President Liu Shu and President Assistant Zhang Xing, joined forces with Leaders and representatives of National Grid Corporation of the Philippines(NGCP), The Manila Electric Company (Meralco), State Nuclear Electric Power Planning Design & Research Institute Philippines, Northeast Electric Power First Engineering Philippines., and other representatives from utilities, EPC, developer, and the media rounded out the audience. Kicking off the forum, Ms. Gao Xiuhuan's opening address underscored technology's role in global energy transitions, setting the stage for technical deep-dives. Engineer Herrera followed with a call to action on cross-industry collaboration, while Engineer Caidic's keynote 'Empowering the Grid' outlined Philippine strategies for infrastructure upgrades through technical training and standardization. The following keynote speeches of the day are given by technical elites from Sifang. Ms. Li Wei proposed HVDC solutions for the Philippines' archipelagic grid challenges. Mr. Wang Jikang shared insights on STATCOM and grid-forming technologies for renewable integration. Mr. Zou Dengfeng discussed EMS/DMS applications for green grid stability. Ms. Zhang Jiamei advocated for wide-area monitoring systems based on her Imperial College research. Mr. Xu Kehan addressed relay protection innovations for modern power systems. Mr. Luo Nuo wrapped the forum with 'Generation-Grid-Load-Storage Monitoring and Control', emphasizing the need for unified control systems. 'We see this forum as a very good chance to make friends, share views, and take good advice' said Ms. Gao in her opening remarks,' In the future, we will dedicate ourselves to making more contributions to the Philippines' power systems'. The forum concluded with an evening gala, where bilateral discussions laid groundwork for future tech transfers and joint R&D. Beijing Sifang Automation Company, as a leading force in power automation technology within China and a globally recognized innovator in the field, founded in 1994 and headquartered in Beijing, China, has established branches in several overseas locations, including India, the Philippines, and Kenya. Sifang provides products and solutions across various sectors of the power system, covering generation, transmission, distribution, consumption, and storage. Its offerings include protection, automation, power electronics, switchgear, energy storage, and smart IoT. Currently, SIFANG's products are distributed globally, with exports to over 90 countries across Southeast Asia,Central Asia, Africa, the Americas, and Europe. More than 2 million intelligent electronic devices (IEDs) and tens of thousands of automation systems are operating safely and reliably in domestic and international markets. Hashtag: #Sifang The issuer is solely responsible for the content of this announcement.
Business Upturn
5 days ago
- Business
- Business Upturn
Quality Power shares jump 4% on launch of Global Coil Factory in Sangli
Shares of Quality Power Electrical Equipments surged 4% after the company announced the launch of its state-of-the-art Global Coil Factory in Kupwad MIDC, Sangli, Maharashtra. This marks a key milestone in the company's growth strategy, as discussed in its recent board meeting and quarterly earnings update. The facility is positioned to become one of the world's largest for air-core and oil-filled reactor manufacturing, catering to growing global demand for HVDC, STATCOM, and FACTS system components. Equipped with 44 high-end winding lines and a world-class high-voltage testing lab, the plant underlines Quality Power's focus on innovation and quality. Aligned with sustainability goals, the factory is being built to meet IGBC Platinum certification standards—making it one of the greenest manufacturing sites globally. Execution of the project is in collaboration with top industry names including Arwade Infrastructure, Kirby Building Systems, and Electromech. In line with its reverse integration plans, the company has already placed orders for advanced cable manufacturing machinery. Shares of Quality Power opened at ₹617.05 and touched an intraday high of ₹638.70, also marking a new 52-week high. The stock saw a low of ₹610.00 during the session. Its 52-week range now stands between ₹267.80 and ₹638.70. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
12-05-2025
- Business
- Business Standard
KEC International wins orders worth Rs 1034 cr
K E C International has secured new orders of Rs. 1,034 crore across various businesses: Transmission & Distribution (T&D): (i) STATCOM project from a global OEM in India and (ii) Supply of towers, hardware and poles in the Americas Civil: (i) Establishing a Semiconductor plant for a prominent private player in India and (ii) Executing an upstream project for a leading steel player in India Cables: (i) Supply of various types of cables across IndiaPowered by Capital Market - Live News
Business Upturn
12-05-2025
- Business
- Business Upturn
KEC International secures new orders worth Rs 1,034 crore across civil, T&D, and cable businesses
By Aditya Bhagchandani Published on May 12, 2025, 14:54 IST KEC International Ltd., a global EPC major and part of the RPG Group, announced on Monday that it has secured new orders worth Rs 1,034 crore across multiple business segments. These wins mark a strong start to the financial year and include breakthrough orders in the semiconductor and STATCOM segments. Order Breakdown: Transmission & Distribution (T&D): STATCOM project from a global OEM in India Supply of towers, hardware, and poles in the Americas Civil: Establishing a semiconductor plant for a private player in India (first-time entry into this segment) An upstream project for a leading Indian steel manufacturer Cables: Supply of various types of cables across India Vimal Kejriwal, MD & CEO of KEC International, stated: 'We are pleased to begin the financial year with prestigious order wins in emerging and high-growth segments… These strategic orders reinforce our confidence in achieving the targeted order intake for the year and reflect our continued progress in deepening and solidifying our business portfolio.' This order marks KEC's first foray into the STATCOM space, a key milestone in expanding its substation capabilities, and strengthens its presence in civil infrastructure—particularly in semiconductors and metals & mining. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
