Featured Articles...

September 30, 2013

CLP India adopted an innovative pooled financing structure for the wind projects...

 

Pooled Financing Structure CLP India

CLP India has signed a new Pooled Financing Structure for its wind assets with the syndicate of three banks, Standard Chartered Bank, IDBI Bank & IDFC to mitigate risks and ensure security to lenders.

As per the company, the pooled financing will help secure CLP India's current and future assets and mitigate the inherent risk arising out of the unpredictable nature of wind projects' output.

This new, innovative approach to financing the wind projects will strengthen the competitiveness and business performance in the Indian market and will aid the growth the company has planned for the future,

The company was so far following the project financing structure of financing where the cash flow is restricted to a specific project only.

As said by the company, Wind projects will be moved to the pool as and when they get commissioned. The standardization of documentation as a result of this approach, will lead to quicker financial closures that will enhance overall efficiency and effectiveness of the financing process.

CLP India expects to add 250 MW - 300 MW of wind projects every year. CLP India, a wholly owned subsidiary of Hong Kong-listed CLP Group owns 3,000 MW power projects in the country.

 


More literature on this...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/clp-india-signs-new-pooled-financing-structure-with-banks-for-wind-farms/articleshow/23312321.cms


Read More...

WAAREE receives 25 MW Solar PV Project from roha in rajasthan...

 

WAAREE logo

According to sources, one of India’s leading innovative solar solution companies, Waaree Energies Ltd has successfully acquired a turnkey order of a 25 MW Power Plant  from the Roha group which includes  the Designing of the plant, its technical and Engineering ground work, Installation process and Commissioning of the project.

The Roha group is one of the world's renowned manufacturing companies for Synthetic Colours and is also a prominent supplier of Natural Colours, specializing in the Food, Cosmetics & Pharmaceutical industries for the past thirty years.

This plant will be set up at the solar park in the state of Rajasthan and is targeted to be commissioned by December 2013.

Mr. Hitesh Doshi, CMD, Waaree group commented, “The fact that we are expanding our services in one of the biggest states of India is a huge achievement for the entire Waaree group. We are delighted and excited to work on this crucial Roha group project. With our existing expertise in the solar industry, we are geared to use innovative technology and manpower to execute the project on time and deliver the best to our customers.”

WAAREE Energies Ltd is a fast growing, innovative and dynamic manufacturer of solar PV panels. It designs, manufactures, erects, commissions and provides technical and maintenance support to a wide variety of Solar products, Systems and EPC. With 100 MW manufacturing capacity per year and a rich experience in the solar industry, the company also owns Solar PV plants and has recently diversified into Solar Thermal too.


More literature on this...

http://eqmaglive.com/EQ-ARTICLE-22499-Waaree-Energies-bags-a-turnkey-order-of-a-25.html#.UklBe9Ji350


Read More...

Rajasthan issues RfP for 50 MW Solar PV Plants having capacity of 1 MW each...

 

RfP 50 MW RRECL

The Rajasthan Renewable Energy Corporation Limited (RRECL) has released an RfP for the selection of 50 Solar PV plants of 1 MW (AC) to be connected on 11 kV level at 33/11 kV Discom’s substation in the state.

Some of the highlights of the RfP are

  • PPA duration – 25 Years
  • Selection process – Tariff based Competitive bidding (L1 process)
  • Last date of submission of electronic bid – October 26, 2013
  • PPAs signing date: February 28, 2014
  • Distribution of projects – The 50 projects will distributed among the 3 Discoms in the state – 20 projects in Jaipur Discom, 14 projects in Ajmer Discom and 16 Projects in Jodhpur Discom.
  • Bidders shall be selected for each Discoms separately. However, tariff to be awarded for a Zone (Discom) shall not exceed by more than 10% of the Zone (Discom) having lowest tariff.
  • Commissioning deadline – Within 12 months of signing the PPA.
  • The names of the 33/11 kV Sub-stations for each Discoms/Zone for which bidders may bid is available in the bid document.
  • The plant has to generate minimum energy corresponding to a CUF of 12% during first year and 16% during remaining years.

The bid documents can be downloaded from this link.

Read More...

UERC issued APPC Order for the FY14 at Rs. 2.72 per unit...

 

UERC logo

The Uttarakhand Electricity Regulatory Commission (UERC) has issued the Average Power Purchase Cost (APPC) for the Financial Year 2014 at Rs. 2.72 per unit.

The definition adopted by UERC for the APPC is as follows:

“weighted average pooled price at which the distribution licensee has purchased the electricity including the cost of self generation, if any, in the previous year from all the energy suppliers long-term and short-term, but excluding those based on renewable energy sources, as the case may be.”

The power purchase data of FY13 has been considered while arriving at APPC for FY14.

Based on power purchase expenses of FY13 furnished by UPCL to UERC, an APPC rate of Rs.2.72 per unit has been finalized. 

The soft copy of the APPC Order by APPC can be download from this link.

Read More...

India & US clinched a first commercial agreement on civil nuclear power co-operation...

 

India-US Nuclear Power Co-operation

India and United States have clinched a first commercial agreement on the civilian nuclear power co-operation after the landmark civil nuclear deal five years before.


Later in a joint statement, the two leaders noted that with government-to-government procedures agreed, commercial negotiations between India's nuclear operator Nuclear Power Corporation of India (NPCIL) and US firm Westinghouse are proceeding.

A fact sheet issued by the White House said this agreement should facilitate progress toward licensing the AP-1000 nuclear reactor technology in India.

Noting that the Indian government is planning to develop commercial nuclear power sites in Gujarat and Andhra Pradesh using US nuclear technology, it said both governments also decided to complete discussions on the Administrative Arrangements at an early date.

The two leaders urged NPCIL and US companies Westinghouse and General Electric-Hitachi to expedite the necessary work to establish nuclear power plants in Gujarat and Andhra Pradesh.

The US Nuclear Regulatory Commission (NRC) and the Indian Atomic Energy Regulatory Board (AERB) intend to sign a memorandum of understanding for the exchange of technical information in nuclear safety matters, the fact sheet said.

This arrangement should solidify close cooperation between the regulators, it noted.

 


More literature on this...

http://articles.economictimes.indiatimes.com/2013-09-28/news/42481705_1_npcil-nuclear-power-corporation-nuclear-liability-law


Read More...

Solar energy conversion efficiency at 44.7%, a new world record !

 

solar cell world record

According to sources, the Fraunhofer Institute for Solar Energy Systems ISE, Soitec, CEA - Leti, and the Helmholtz Center Berlin jointly achieved a new world record for the conversion of sunlight into electricity using a new solar cell structure with four solar subcells.

As per the researches, after more than three years of research, a new record efficiency of 44.7% was measured at a concentration of 297 suns. This indicates that 44.7% of the solar spectrum's energy, from ultraviolet through to the infrared, is converted into electrical energy.

This is a major step towards reducing further the costs of solar electricity and continues to pave the way to the 50% efficiency roadmap.

Back in May 2013, the German-French team of Fraunhofer ISE, Soitec, CEA-Leti and the Helmholtz Center Berlin had already produced a solar cell with 43.6% efficiency. Building on this result, further intensive research work and optimization steps led to the present efficiency of 44.7%.

These solar cells are used in concentrator Photovoltaics (CPV), a technology which achieves more than twice the efficiency of conventional PV power plants in sun-rich locations. The terrestrial use of so-called III-V multi-junction solar cells, which originally came from space technology, has prevailed to realize highest efficiencies for the conversion of sunlight to electricity. In this multi-junction solar cell, several cells made out of different III-V semiconductor materials are stacked on top of each other. The single subcells absorb different wavelength ranges of the solar spectrum.

“We are incredibly proud of our team which has been working now for three years on this four-junction solar cell,” says Frank Dimroth, department head and project leader in charge of this development work at Fraunhofer ISE. “This four-junction solar cell contains our collected expertise in this area over many years. Besides improved materials and optimization of the structure, a new procedure called wafer bonding plays a central role. With this technology, we are able to connect two semiconductor crystals, which otherwise cannot be grown on top of each other with high crystal quality. In this way we can produce the optimal semiconductor combination to create the highest efficiency solar cells.”

“This world record increasing our efficiency level by more than 1 point in less than 4 months demonstrates the extreme potential of our four-junction solar cell design which relies on Soitec bonding techniques and expertise,” says André-Jacques Auberton-Hervé, Soitec’s Chairman and CEO. “It confirms the acceleration of the roadmap towards higher efficiencies which represents a key contributor to competitiveness of our own CPV systems. We are very proud of this achievement, a demonstration of a very successful collaboration.”

Concentrator modules are produced by Soitec (started in 2005 under the name Concentrix Solar, a spin-off of Fraunhofer ISE). This particularly efficient technology is employed in solar power plants located in sun-rich regions with a high percentage of direct radiation. Presently Soitec has CPV installations in 18 different countries including Italy, France, South Africa and California.

 


More literature on this...

http://www.onlinetes.com/world-record-solar-cell-efficiency-manufacturing-92813.aspx


Read More...

Gujarat to install 60 MW roof top solar projects in next three years...

 

roof top solar in Gujarat

The Government of Gujarat is planning to install around 60 MW of solar power generation capacity through roof-top units during the next three years and for that purpose a policy will be launched to attract manufactures.

As said by the Gujarat Principal Secretary, Energy & Petroleum Department, the state currently is considering mainly on roof-top solar power as it offers enormous potential. Covering only 20 percent of the houses, around 2,000 MW of solar generation capacity can be installed.

Currently, the state is planning to install to install about 60 Mw capacity in next three years through roof-top units route. Tenders for 5 MW roof-top solar power generation in five cities namely Rajkot, Mehsana, Bhavnagar, Vadodara and Surat are ready and waiting approval from Gujarat Electricity Regulation Commission.

As per the Government, to make the roof-top solar power generation economically viable the state government was also planning to come out with a policy to attract solar manufacturing sector.


More literature on this topic...

http://www.business-standard.com/article/economy-policy/gujarat-govt-plans-60-mw-solar-power-through-roof-top-units-in-next-3-years-113092301087_1.html


Read More...

Bihar government to invest Rs. 28,000 Crores for improving power scenario in the state...

 

power sector bihar

According to sources, the Bihar Government is planning to invest around Rs. 28,000 Crores to strengthen the state power sector in the next five years.

 

 

Out of the proposed amount

  • Rs. 10,000 Crores will be used to improve the depreciated power infrastructures related to transmission & distribution of electricity.
  • The balance amount will be used to connect all of every village in Bihar with electricity in next couple of years  and to improve generation in the state.

Currently, Bihar is having highest highest Transmission & Distribution Losses in the country. As per the government data, the state loses almost half of its power even before it reaches to the consumers. The Government is planning to bring down these losses to 10 percent in next five years. For that purpose, the state government has recently signed an MoU with the Power Grid Corporation of India with an aim to revamp its transmission network.

It has also decided to give the distribution network of almost 70 towns in the state in the private hands to improve its revenue collection.


More literature on this...

http://www.business-standard.com/article/economy-policy/bihar-plans-to-invest-rs-28-000-crore-on-power-sector-in-next-5-years-113092900778_1.html


Read More...