Featured Articles...

July 21, 2013

Southern Region worst affected in terms of Power Deficit according to CEA Report...

 

According to the a provisional report submitted by CEA on the likely Power Supply Position of various states of India, the Southern Region of the country will be worst affected with the 9,000 MU's or 12.6%.

 

In the monthly Power Supply Position report (Provisional) report submitted by CEA for the month of June-13, the CEA has analysed and estimated provisional requirement and subsequent availability of Power for each of the states during the April to June 2013

According to the report, image

  • the Southern Region had highest deficit of 9,083 MU's (12.6%)
  • Northern Region had second highest deficit of 4940 MU's (6.2%)
  • North-Eastern Region had deficit of 252 MU's (8.4%)
  • Eastern Region had deficit of 462 MU's (1.7%)
  • Western Region had deficit of 761 MU's (1%)

In term of States, Uttar Pradesh topped the list with 14.5% deficit. While Gujarat and Chandigarh were having almost nil deficit. Deficits faced by some other states are:

  • Maharashtra: 2%
  • Kerala: 6.3%
  • Karnataka: 14.7%
  • Andhra Pradesh: 14.8%
  • Tamil Nadu: 10.5%
  • Bihar: 6.6%
  • Jharkhand: 3.6%

On pan India basis the deficit was 15,498 MU's (6%)

The complete report is embedded below.

____________________________________________________________________________________________________________________________________________

Additional Reading...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/south-india-to-be-worst-affected-by-power-shortages-cea/articleshow/21210694.cms

____________________________________________________________________________________________________________________________________________

Read More...

Tata power seeking local acquisition opportunities and land banks for solar and wind energy projects...

 

image

Tata Power, largest domestic private vertically integrated power utility seems to exploring local opportunities to acquired various generating assets.

Tata Power currently having installed generation base of over 8,500 MW and is pursuing to increase its portfolio of Renewable Energy (Wind and Solar) projects by way of new installations and acquisitions.

According to the company, due to the current stress in the power sector the generation assets are available for acquisition which shall assist the company in rapid development of its portfolio and thereby leveraging its existing businesses in the power value chain.

Further, Tata Power is actively pursuing opportunities to acquire land in strategic markets in the country such as Maharashtra, Rajasthan, Gujarat and Karnataka for Solar & Wind Projects.

___________________________________________________________________________________________________________________________________________

Additional Reading...

_________________________________________________________________________________________________________________________________________

Read More...

Green infra seems to be very close to acquired 59.5 MW Wind projects of tvs energy...

 

Green Infra Logo

Delhi based, Renewable Energy Developer, Green Infra Ltd, seems to be quite close to acquire the 59.5 MW Wind Energy generating assets of TVS Energy.

Green Infra is Equity promoted by IDFC, an Infrastructure Finance Company has bided for the 59.5 MW Wind Energy Projects of TVS Energy. TVS Energy is a wholly-owned subsidiary of TVS Motor and was set up around three (3) years ago.

Apart from Green Infra, Mytrah Energy and Orient Green Power are also in the race of buying the Wind Energy Projects.

It seems that various Wind Energy Developers have started to consider the sale of Wind Projects. Many companies put up wind power capacity for the purpose of availing "Accelerated Depreciation" to get benefits of Tax Savings. 

Developers such as BP, DLF, VRL Logistics etc have closed deals to sell their Wind Energy Assets in recent past. Further, companies like Lanco Infra, Ashok Leyland and KS Oils etc have also announced their intentions to sell.

Thus the wind power assets are passing from the hands of companies for whom ‘wind’ is a non-core business activity, to the hands of ‘independent power producers’ whose very business is to generate power and sell it.

  • JP Morgan-backed Leap Green, Mumbai-based Ushdev International, Bharat Light and Power, and Green Infra are among the companies that have announced plans to grow their wind businesses.
  • Ushdev International, for instance, intends to raise its capacity from 90 MW to 350 MW this year, only through acquisitions. Even its existing capacity was acquired from Suzlon Energy.
  • Leap Green and BLP have bought parts of DLF assets.
  • Green Infra is among the earliest acquirers—in 2009, it bought a 100-MW wind farm from the British oil giant, BP, which then began the process of exiting wind business.

___________________________________________________________________________________________________________________________________________

Additional Readings

http://www.thehindubusinessline.com/companies/green-infra-close-to-acquiring-tvs-energys-wind-power-assets/article4935638.ece

___________________________________________________________________________________________________________________________________________

Read More...