Latest news with #Transgrid
Time of India
04-07-2025
- Business
- Time of India
KSERC directs KSEB to refinance high-cost loan
T'puram: Kerala state electricity regulatory commission (KSERC) has directed KSEB Ltd to refinance the high-cost loan amounting to Rs 2,091.68cr that the board availed from KIIFB. The interest of 9.52% charged by KIIFB for the Transgrid project is at least 1.02% higher than the loan availed by KSEB from other sources, the commission observed. The commission gave the directive to KSEB while considering the petition for truing up of the KSEB accounts for the year 2023-24. "The interest of the KIIFB loan is the highest among the interest rates of the long-term loans availed from various financial institutions, including REC and PFC. Hence, KSEB should have accessed and analysed the interest rate and other terms and conditions before availing such high-cost loans. As the incumbent licensee, every effort of KSEB should be aimed at providing quality electricity at an affordable cost to its consumers," the commission order dated June 30 said. KSEB consistently took all efforts for swapping high-cost loans with loans at cheaper rates from financial institutions and passed on the benefits of reduction in interest cost to the consumers of the state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dream Kitchen Within Reach? See How HomeLane Get Quote Undo "Regulation 29(6) of the Tariff Regulations 2021 mandates refinancing high-cost loans to reduce the interest cost. Considering the above, the commission hereby directs KSEBL to refinance the high-cost loans of KIIFB amounting to Rs 2,091.68cr, and the progress shall be reported to the commission within three months from the date of this order," the order said. The commission once again wanted KSEB to obtain permission from the state govt for the salary revision in the board. It wanted the board to prepare a detailed report on the expected demand for power in the next 10 years and submit the power purchase details to the commission within a month. The commission wanted KSEB to pay the solar power price to the prosumers who gave solar power to the KSEB grid, without fail. It also increased the solar power price from Rs 3.15 per unit to Rs 3.26 per unit for the power given to KSEB from April 2024 to March 31, 2025.
The Advertiser
11-06-2025
- Climate
- The Advertiser
Electricity transmission lines to be inspected for annual bushfire prevention
Transgrid will be deploying a helicopter across Greater Central and Northern NSW this month to inspect the high-voltage electricity transmission lines for the network's annual bushfire prevention program. The comprehensive inspections help identify any potential bushfire risks and assess the condition of towers and transmission lines to ensure the safe operation of the network in the lead-up to summer. General Manager of Asset Management Lance Wee said that safety is the top priority. "We take a proactive approach to managing any potential risk of bushfires on our network," Mr Wee said. "As part of our annual bushfire prevention program, we are committing significant resources to inspect the network and carry out any necessary vegetation management and maintenance work to reduce the risk of bushfires in the lead-up to the 2025-26 summer period." Weather permitting, Transgrid will inspect transmission lines in or near the following areas from June 12 - 17: Mid North Coast: Stroud, Port Macquarie and Taree Greater Hunter: Killingworth, Liddell, McCully Gap, Muswellbrook, Seaham (Brandy Hill), Tomago, and Waratah West. Between February and September every year, specialist teams inspect transmission lines and infrastructure on Transgrid's 13,000km network to help identify any vegetation encroachments and maintenance issues. On a single day, the crews can cover up to 450km of transmission line and more than 110 transmission towers. "People may see the helicopter flying along transmission lines so crews can inspect them and take photos so we can proactively respond to addressing any bushfire risks," Mr Wee said. "We'd like to thank the community for their patience and understanding as we carry out these critical inspections to keep the community and our people safe." The helicopter will safely fly above transmission lines at about 50 kilometres per hour, with a Transgrid linesman accompanying a pilot and a monitor on an Airbus Single Engine AS350 FX2. Transgrid will be deploying a helicopter across Greater Central and Northern NSW this month to inspect the high-voltage electricity transmission lines for the network's annual bushfire prevention program. The comprehensive inspections help identify any potential bushfire risks and assess the condition of towers and transmission lines to ensure the safe operation of the network in the lead-up to summer. General Manager of Asset Management Lance Wee said that safety is the top priority. "We take a proactive approach to managing any potential risk of bushfires on our network," Mr Wee said. "As part of our annual bushfire prevention program, we are committing significant resources to inspect the network and carry out any necessary vegetation management and maintenance work to reduce the risk of bushfires in the lead-up to the 2025-26 summer period." Weather permitting, Transgrid will inspect transmission lines in or near the following areas from June 12 - 17: Mid North Coast: Stroud, Port Macquarie and Taree Greater Hunter: Killingworth, Liddell, McCully Gap, Muswellbrook, Seaham (Brandy Hill), Tomago, and Waratah West. Between February and September every year, specialist teams inspect transmission lines and infrastructure on Transgrid's 13,000km network to help identify any vegetation encroachments and maintenance issues. On a single day, the crews can cover up to 450km of transmission line and more than 110 transmission towers. "People may see the helicopter flying along transmission lines so crews can inspect them and take photos so we can proactively respond to addressing any bushfire risks," Mr Wee said. "We'd like to thank the community for their patience and understanding as we carry out these critical inspections to keep the community and our people safe." The helicopter will safely fly above transmission lines at about 50 kilometres per hour, with a Transgrid linesman accompanying a pilot and a monitor on an Airbus Single Engine AS350 FX2. Transgrid will be deploying a helicopter across Greater Central and Northern NSW this month to inspect the high-voltage electricity transmission lines for the network's annual bushfire prevention program. The comprehensive inspections help identify any potential bushfire risks and assess the condition of towers and transmission lines to ensure the safe operation of the network in the lead-up to summer. General Manager of Asset Management Lance Wee said that safety is the top priority. "We take a proactive approach to managing any potential risk of bushfires on our network," Mr Wee said. "As part of our annual bushfire prevention program, we are committing significant resources to inspect the network and carry out any necessary vegetation management and maintenance work to reduce the risk of bushfires in the lead-up to the 2025-26 summer period." Weather permitting, Transgrid will inspect transmission lines in or near the following areas from June 12 - 17: Mid North Coast: Stroud, Port Macquarie and Taree Greater Hunter: Killingworth, Liddell, McCully Gap, Muswellbrook, Seaham (Brandy Hill), Tomago, and Waratah West. Between February and September every year, specialist teams inspect transmission lines and infrastructure on Transgrid's 13,000km network to help identify any vegetation encroachments and maintenance issues. On a single day, the crews can cover up to 450km of transmission line and more than 110 transmission towers. "People may see the helicopter flying along transmission lines so crews can inspect them and take photos so we can proactively respond to addressing any bushfire risks," Mr Wee said. "We'd like to thank the community for their patience and understanding as we carry out these critical inspections to keep the community and our people safe." The helicopter will safely fly above transmission lines at about 50 kilometres per hour, with a Transgrid linesman accompanying a pilot and a monitor on an Airbus Single Engine AS350 FX2. Transgrid will be deploying a helicopter across Greater Central and Northern NSW this month to inspect the high-voltage electricity transmission lines for the network's annual bushfire prevention program. The comprehensive inspections help identify any potential bushfire risks and assess the condition of towers and transmission lines to ensure the safe operation of the network in the lead-up to summer. General Manager of Asset Management Lance Wee said that safety is the top priority. "We take a proactive approach to managing any potential risk of bushfires on our network," Mr Wee said. "As part of our annual bushfire prevention program, we are committing significant resources to inspect the network and carry out any necessary vegetation management and maintenance work to reduce the risk of bushfires in the lead-up to the 2025-26 summer period." Weather permitting, Transgrid will inspect transmission lines in or near the following areas from June 12 - 17: Mid North Coast: Stroud, Port Macquarie and Taree Greater Hunter: Killingworth, Liddell, McCully Gap, Muswellbrook, Seaham (Brandy Hill), Tomago, and Waratah West. Between February and September every year, specialist teams inspect transmission lines and infrastructure on Transgrid's 13,000km network to help identify any vegetation encroachments and maintenance issues. On a single day, the crews can cover up to 450km of transmission line and more than 110 transmission towers. "People may see the helicopter flying along transmission lines so crews can inspect them and take photos so we can proactively respond to addressing any bushfire risks," Mr Wee said. "We'd like to thank the community for their patience and understanding as we carry out these critical inspections to keep the community and our people safe." The helicopter will safely fly above transmission lines at about 50 kilometres per hour, with a Transgrid linesman accompanying a pilot and a monitor on an Airbus Single Engine AS350 FX2.
ABC News
06-06-2025
- Business
- ABC News
Power companies should pay compensation for blackouts, NSW parliamentary report finds
Electricity companies that breach their licenses should be forced to compensate customers, an inquiry into a prolonged blackout in Far West New South Wales has found. On the night of October 16 2024 seven transmission towers were knocked out when a severe storm hit the region. One of the two emergency diesel generators was not in service and the other was not operating at full capacity. As a result thousands of Broken Hill residents experienced persistent outages and the Wilcannia, Menindee, Tibooburra and White Cliffs communities were blacked out for weeks. Yesterday the state parliament's Committee on Environment and Planning handed down its report into the incident. Twenty recommendations were made, including allowing the electricity pricing regulator to order a network operator in contravention of its licence to compensate affected customers. The report found Broken Hill electricity supplier Transgrid failed to notify any government agency, regulator or council about the inoperable backup generator. But it also found there was "no clear legal obligation for Transgrid to proactively inform" any regulatory or government body about the situation. The inquiry also examined renewable energy sources in the region, including a large-scale battery system that was unable to be used to provide electricity locally. "It is nuts that you've got all that electricity generation in your own neighbourhood but you can't access it," committee chair Clayton Barr said. "If you're producing electricity in your own backyard and the power goes out, why can't you access it? "That's all a commercial and private business arrangement and it failed the community enormously." Microgrid backup systems for small towns where also suggested, which Mr Barr described as a "no-brainer". Broken Hill mayor Tom Kennedy said the community hoped the report would lead to accountability. "It can have devastating effects for a community … simply because there wasn't enough [redundancy] and power available for Broken Hill in a case of an emergency situation where we had a blackout," he said. "These recommendations will – or are attempting to – ensure this doesn't happen again and doesn't happen … anywhere in the state and, if it does happen, someone is held to account." The Australian Energy Regulator and the Indendent Pricing and Regulatory Tribunal are also conducting inquiries into the event. A Transgrid spokesperson said the company was "closely examining the findings and recommendations" of the report. "Transgrid also acknowledges the significant impacts the resulting outage had on the local community," they said. "We have been working with the community and local businesses to assist in the recovery, both through financial assistance in partnership with the NSW government as well as extensive community grants programs."
AU Financial Review
20-05-2025
- Business
- AU Financial Review
Transgrid deal shows why Future Fund's chequebook is better than most
Move over industry funds and Canadian pension funds, Australia's Future Fund is the apex predator in big domestic private-capital deals. In case we needed more proof, Future Fund's agreement to buy a 10 per cent stake in electricity transmission company Transgrid is a timely reminder that its chequebook is bigger, fatter and more open than just about anyone elses.
The Star
16-05-2025
- Business
- The Star
Hextar Capital associate bags RM427.5mil TNB contract
KUALA LUMPUR: An associate company of Hextar Capital Bhd has secured a RM427.5mil contract by Tenaga Nasional Bhd for the establishment of a transmission main intake (PMU) 500/275kV gas insulated substation (GIS) in Gurun East, Kedah. In a press statement, Hextar Capital said Transgrid Ventures Sdn Bhd, a joint venture with CD Electrical Engineering Sdn Bhd, will supply, install and commission the GIS, complete with all primary and secondary systems as well as associated civil works. The contract is scheduled for completion within 730 days from the commencement date. "This project marks another strategic milestone for Transgrid and reinforces its capabilities in delivering large-scale, mission-critical infrastructure projects within the energy sector. "It also reflects the confidence that TNB has in our engineering capabilities and further solidifies our role in supporting the national grid and the country's energy development," said Hextar Capital managing director Johnson Chang. He added that the project is expected to contribute positively to the group's mid-term performance and order book visibility. "This will be the first 500kV GIS project in Malaysia, and Transgrid is proud to be given the opportunity by Tenaga Nasional to design and build this maiden project. "It is a significant milestone that reaffirms our capabilities and track record in high-voltage substation infrastructure," said Transgrid CEO and managing director Datuk Sri Nantha.
