Indian Power Sphere: 2010

December 9, 2010

Russian Nuclear firm Atomstroyexport plans to set up JV with L&T for construction of atomic power plants...

According to market reports, Russia's global nuclear project company Atomstroyexport is holding talks with Larsen and Toubro (L&T) for setting up a joint venture (JV) to manufacture equipments required for construction of atomic power plants. Atomstroyexport, which has recently completed construction of 1 unit of 1000 MW out of 2...

Construction of 1000 MW Kundakulam Nuclear Plant completed...

Construction of India's first large nuclear power plant has been completed at Kudankulam in Tamil Nadu and it will be made operational by early next year, a top Russian official has said. Construction of 1,000 MW Nuclear Power Plant of NPCIL at Kudankulam in Tamil Nadu has been completed and will be made operational by early next year....

NPCIL plans to set up a consortium for exporting pressurized heavy water reactors to emerging economies...

Spark Network learnt that NPCIL (Nuclear Power Corporation of India Ltd) has initiated talks with Indian companies and financial institutions to form a consortium for exporting pressurized heavy water reactors (PHWRs) to emerging economies. The consortium will facilitate export of PHWRs to less developed countries including Myanmar, Cambodia,...

NTPC to buy power equipments of 25,000 MW in next 2 years...

National Thermal Power Corporation (NTPC) , the country’s biggest power producer is planning to buy equipments worth USD 36.6 billion in the next two years to more than double installed capacity and help reduce blackouts. As per the NTPC chairman, NTPC is planning to add 25,000 MW of power capacity and order for which will go out in two...

Spark's Power Trading update (Dec 09,2010)...

The day ahead market snapshot of power trading on Indian Energy Exchange (IEX) is as below: Time (Hours) Purchase Bid (MWh) Sell Bid (MWh) Unconst. MCV (MWh) Const. MCV (MWh) Unconst. MCP (Rs/MWh) 00-01 1149.9 3563.7 1149.9 1149.9 999.58 01-02 1125.2 3660.7 1125.2 1125.2 999.41 02-03...

December 8, 2010

L&T's energy efficient equipments for Jaypee's project to be commissioned by 2013...

Engineering major Larsen & Toubro (L&T) is manufacturing energy-efficient turbines and auxiliaries for Jaypee Group’s Thermal Power Project of 1,500 MW in Bina (Madhya Pradesh). (See the related post). L&T on Tuesday announced that the equipments would be commissioned in 2013. L&T currently manufactures power equipment...

December 7, 2010

Hinduja signs agreement for Solar Projects with French firms...

The Hinduja Group on Tuesday signed agreements with leading French firms for road infrastructure projects as well as development of solar energy in India. Hinduja Group is one of the largest diversified groups in the world spanning all the continents. The Group employs over 40,000 people and has offices in many key cities of the world and...

Ganga Power signs an MoU with BSEB for 1320 super critical power project...

Ganga Power & Natural Resources of Adhunik Group has signed an MoU with Bihar State Electricity Board (BSEB) for setting up a 1320 MW super critical thermal power project at Pirpainty in Bhagalpur district. The power project has qualified for long term coal linkage. The Central Electricity Authority (CEA) has sent a recommendation to...

KERC increases power tariff...

Karnataka Electricity Regulatory Commission (KERC) today issued an official notification for increase in power tariff. The tariff hike is in the range of 28.54 paise/unit to 30.75 paise/unit in various Distribution Companies (Discoms) Bhagya Jyothi and Kutir Jyothi schemes have been exempted from hike so far. To make matters worse, in...

Bharti's Cell towers to go green...

Telecom major, Bharti Airtel has undertaken a pilot project to run its telecom towers using environment friendly hydrogen as fuel. The project will be developed with French industrial gas company Air Liquide. In the first phase, the French firm will test the technology with 10-15 sets, which will be expanded to most towers. The investment...

Tariff hike in Bihar by BERC....

Bihar Electricity Regulatory Commission (BERC) on Monday announced a marginal increase in power tariff with effect from January 2011 bills. A common domestic consumer consuming 100 units of power per month will now have to pay around Rs 10 more than what s/he is paying. Application fee for new connections, meter rent, service connection...

Nuclear agreement between Indian and France signed...

India and France were planning to enter into a framework agreement on nuclear sector. On Monday, both the countries inked the agreement for sourcing two reactors from French nuclear major Areva SA along with an assurance on uranium supplies. The framework agreement envisages the sale of nuclear reactors, fuel and services worth about EURO...

APL and NTPC's Supercritical units to go on stream soon...

Adani Power Limited (APL), a Gujarat based power sector major is setting up supercritical units at its Mundra (Gujarat) site. Also, National Thermal Power Corporation (NTPC) a Navratna Power sector company is setting supercritical units at its Sipat site. Supercritical units are the units of 660 MW. Supercritical units are being set up...

JV of BHEL, NPCIL and Alstom to be approved by Union Cabinet...

The joint venture of Bharat Heavy Electricals Ltd (BHEL) with Nuclear Power Corporation of India Ltd (NPCIL) and Alstom (France based company) is likely to be approved by the Union cabinet soon. According to Spark Network each of these three companies well hold 33% equity stake. BHEL, the power equipment maker, already has a tie-up with Alstom for its boiler business. Spark Network believes that the JV would not require much capital...

A2Z IPO price band set at 400 - 410 Rs.

Mumbai based Engineering, Procurement and Construction (EPC) firm A2Z Group has filed a DHRP with SEBI on July 29 for Rs. 750 Crs IPO to fund its power foray programs. Subsequently, A2Z Group has got market regulator's nod to launch the IPO. The IPO is being opened on Dec 8 by the book running managers IDFC Capital, DSP Merrill Lynch,...

December 6, 2010

India’s International Exhibition and Conference for the Solar Industry..

Intersolar India takes place from December 14–16, 2010 in Mumbai's expansive Bombay Exhibition Centre (BEC). It is the premier exhibition and conference for the photovoltaics and solar thermal industries in India. The conference takes place one day offset from the exhibition (Dec. 13-15) at Leela Kempinski Mumbai hotel and features over...

Renewable Energy: Technology, Economics and Environment - Martin , Wolfgang and Andreas

Renewable Energy plays a vital role in today’s energy starved age. Every economy around the world seeks an efficient, reliable, cheap and sustainable energy source to cater to energy security requirements. Renewable Energy development can assist the economy in achieving energy security. Most of the economies have started developing RE sources....

SEL acquires tower and O&M business from STSL and SISL...

A corporate announcement has been made by Suzlon Energy Limited (SEL) to National Stock Exchange (NSE) for acquisition of tower business division of Suzlon Tower and Structures Limited (STSL) and Operations and Maintenance division of Suzlon Infrastructure Services Limited (SISL). STSL and SISL bother are wholly owned subsidiaries of SEL....

CLP plans big for India-coal, gas and wind projects...

A massive power generation capacity planned by China Light and Power (CLP), the largest foreign power company in India. The capacity shall include thermal projects, wind projects and transmission projects. The investment planned is around Rs. 30,000 Crs; Rs 10,000 Crs have already been invested by the compnay in past eight years in gas,...

Update on Solar Projects in Andhra Pradesh...

Spark Network found that around 1,184 MW of Solar power projects have been proposed by various private developers in Andhra Pradesh. The proposals have been considered by AP Transco of issuance of evacuation clearances to facilitate the developers to participate in Request for Selection (RfS) to be invited by NTPC Vidyut Vyapar Nigam Ltd...

77.8 MW Solar PV projects receives go ahead from IREDA...

Solar Photovoltaic (SPV) projects of around 77.8 MW capacity by Independent Power Produces (IPPs) under phase-1 of the National Solar Mission (NSM) received a go ahead from Indian Renewable Energy Development Agency (IREDA). IREDA is a program administrator for 100 MW rooftop SPV Projects under Phase-1 of NSM. IREDA had received initial...

Nuclear contract for 2 N-Reactors is likely between Indian and France.

Spark Network found that France and India are likely to sign a framework contract during President Nicolas Sarkozy's visit to India for the sale of at least two French atomic reactors but a final deal could take another six months. The deal is for French nuclear group Areva to supply two reactors estimated at around 7 billion euros ($9.4...

December 4, 2010

JSPL’s Raigad expansion project gets in-principle green nod…

Jindal Power’s Rs. 13,140 Crorer expnasion project in Raigarh district of Chhattisgarh received an in-principle clearances from the MoEF. This will pave the way for engineering and construction work to resume at the plant site. The clearance is only for the first two units of 600 MW each under the expansion project. The total capacity...

MTSL 1980 MW Thermal Project at Raigarh - 8 companies in the race…

Spark Network found that around 8 power companies have bided for the 1980 MW Thermal Power Project of Maha Tamil Collieries. The project is proposed to be set up at Raigarh district of Chhattisgarh. Eight power companies are known to have bid for the 1,980-Mw thermal power project of Maha Tamil Collieries, in Raigarh district of Chhattisgarh....

GoM to phase out six generating units of Chandarpur…

Maharashtra Government has decided to phase out at least six generating units at coal-based power plants, which have outlived their utility. Spark Network believes that auction of these will generate additional amount of land and resources which can be used to develop new power plants or other industries. These units were established in Chandarpur...

December 3, 2010

RPower to double ROSA capacity with an additional investment of Rs 6000 Crs…

Reliance Power, a part of the ADAG, on Thursday announced and additional investment of Rs 6,000 crore for expansion of Rosa power project in Uttar Pradesh (UP). \ Spark Network found that during the site visit of ROSA Power Plant, Anil Ambani said that the company is doubling the capacity of Rosa power project from 1,200 megawatts to 2,400...

December 2, 2010

CDM prices to fall more…

Carbon credits prices are tumbling due to the prospects of increase in supply. Prices have fallen by more than 20 per cent in six weeks and are at a four-month low. Spark Network believes that credits from HFC-23 (fluoroform, a potent greenhouse gas) projects will go up, as the suspension on such projects has been lifted. Also, many power...

JBIC to provide equity funding for private sector projects in India including Renewable Energy…

The Japan Bank for International Cooperation (JBIC) is looking at providing equity funding to private sector projects in India instead of debt support for public sector entities. The principal Japanese overseas funding agency is also shifting its focus on the Indian market from China following political tensions with its Asian neighbour....

Siemens to invest $87mn for 250MW wind turbine development in India

Siemens Ltd., started off it’s renewable energy segment, in India by setting up an office in Vadodara, Gujarat to further expand the business. The renewable energy division already had 30 employees on board and the company had announced that they would ramp up the number of employees to 100 within one year. “The market outlook for renewable...

CEO of NVVN resigns; Potential setback to National Solar Mission

According to this report by Bloomberg Businessweek, the CEO of NTPC Vidyut Vyapar Nigam Ltd (NVVN) Shri. A.K. Goyal has resigned and that the resignation could serve as a potential setback to the government program and the National Solar Mission itself. NTPC Vidyut Vyapar Nigam Ltd. (NVVN) was formed by NTPC Ltd, as its wholly owned subsidiary...

Why Tatas Stayed Away from Bidding For Solar Projects?

Tata Power Co., India’s largest non- state electricity developer, is shunning the country’s first major solar auction on concerns that terms set by the government will make it difficult for projects to be built profitably. “We haven’t bid for the National Solar Mission,” Banmali Agrawala, executive director of strategy and business development,...

“City gets Rs 9 crore for solar project”

The Ministry of New and Renewable Energy has released Rs 9 crore to make Chandigarh a solar city. Now the UT Administration will have to pump in a matching grant so that the project is completed under the Five Year Plan. This was stated by AP Shrivastava, president of Solar Energy Society of India (SESI), who was in city for a seminar on...

“Don’t give free power, let farmers get it from sun”

Instead of giving free electricity, the Punjab government should help farmers set up solar panels in their fields, feels NASA’s former mission manager for space flights Dr N K Gupta. Asserting that subsidy spoils economy, he said: “Let farmers generate their own power. This will not only reduce the burden on the state, but also make the farm...

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