Indian Power Sphere: 2012

November 1, 2012

IEX along with APEx members to discuss issues related to electricity trading this month…

Power India found that to discuss various issues pertaining to electricity/power trading, representatives of more than 30 power bourses worldwide including Indian Energy Exchange (IEX) will meet during 5 to 7 November 2012. IEX is co-hosting the annual conference of global power exchanges along with the conference of Association...

REC trading update for the month of October 2012…

Renewable Energy Certificate (REC) market is currently experiencing low volume of sales as well as lower prices on trading for the October month on account of oversupply of RECs. Non-Solar RECs During the trading which occurred October 31, 2012; around 10,12, 660 non-solar RECs were offered for sale, out of which only...

October 8, 2012

Concerns on new policy norms being proposed for UMPPs…

The newly proposed guidelines for development of Ultra Mega Power Projects (UMPPs) have received stiff oppositions from the developers as well as Financial Institutions according to whom the new norms will make the development of UMPPs unviable. According to the new norms: The projects will be owned by power...

Third unit of Mundra UMPP synchronized by Tata Power…

Tata Power, the largest domestic private power company, has today synchronised third 800 MW unit of Mundra Ultra Mega Power Project (UMPP) in Gujarat. Mundra UMPP, the 4,000 MW thermal project, is the first of the UMPPs that has initiated the entry of 800 MW supercritical boiler technology in the country and is being...

October 7, 2012

Tata Power bided for three Nigeria discoms which requires investment of USD 900 Mn…

Tata Power’s Delhi Distribution arm (TPDDL) has recently bided for three (3) power distribution companies in Nigeria by forming two (2) consortiums with two leading companies of the African nation which will require investment of around USD 900 Mn (Rs. 1,560 Crore). Details of the transaction are as follows…...

Tata Power rating lowered to B1 by Moody’s…

Credit quality of Tata Power Company (“TPC”), on of the largest private sector power companies of India, has been downgraded by Moody’s (global credit rating agency) Investors Service from Ba3 to B1 on account of on-going issues related coal availability and pricing, bank waivers and tariff renegotiations for its Mundra Ultra Mega Power...

October 6, 2012

DERC announced RPO Regulations for Solar and other RE Sources…

The Delhi Electricity Regulatory Commission (DERC) has recently announced its much awaited RPO Regulations on 1st October 2012. DERC has made to RPO applicable to Distribution Licensees, Captive Users and Open Access Consumers on similar lines as per the other states. The RPO regulation is applicable to: Distribution Licensee(s) operating...

Andhra Pradesh Government’s new solar power policy…

The government of Andhra Pradesh has recently announced its State Solar Policy on 26th Sep 12. Unlike other states’ solar policies, AP Government has sot specified any policy with respect to feed-in-tariffs or competitive bidding schemes etc rather they have put emphasise on developing solar power through REC Mechanism. Following are...

Rs. 6,000 Crs investment in Solar Power planned by Aditya Birla group…

The USD 40 Bn Aditya Birla group is planning INR 6,000 Crores investment in solar power projects over the next five years. Some of the companies recent developments towards solar power business are: Acquired a minority stake in a Solar PV plant controlled by Electrotherm in Gujarat Signed a long-term leasing...

October 3, 2012

Independent Directors of CIL opposes the CEA’s proposal for import of coal…

The independent directors of Coal India Ltd (CIL) have suggested the Coal Ministry and CIL that the recent proposal of Central Electricity Authority (CEA) regarding the import of coal would benefit only the Independent Power Producers (IPPs) at the expenses of public money. The independent directors have sent a note to CIL as well...

Tussle between Power and Coal Ministry on coal shortfall…

Power Secretary P Uma Shankar has recently issued a letter to Coal India Ltd (CIL) to compensate for the losses of power companies due to failure of CIL to provide coal to the power firms. This is sparked a confrontation between to prominent Ministries of India; Coal Ministry and Power Ministry. Power Secretary blamed...

Power Plants should be given at par priority for gas allocation with fertilizer plants…

Power India found that the MoP (Ministry of Power) has requested that the gas based power plants should be given the at par preferences for allocations of natural gas with that of fertilizer plants. According to MoP, this should be due to the fact that import of power is not possible as is the case with urea. As with the current...

September 12, 2012

Coal Ministry to submit its report on ongoing coal block allocation issues by September 15…

The Coal Ministry is on track to meet the deadline of September 15 for deciding on the 29 coal blocks allotted to private firms whose review has been undertaken by an Inter-Ministerial Group (IMG). Controller and Auditor General (CAG) has estimated that around Rs. 1.86 Crore undue benefits have been received by the private firms...

Revamped duty structure for imported power equipment…

Power India found that the Finance Ministry has recently notified a revamped duty structure prescribing an effective duty of over 22 per cent, including education cess. However, as proposed by the MoF, the new duty is not going to be imposed on Ultra Mega Power Projects (UMPPs) and Mega Power Projects and expansion of existing...

September 4, 2012

Steps being initiated by GoI for the power sector…

Power India found that, Government of India (GoI) is considering to initiate several attempts in order to bridge the demand and supply gap of power sector. Close monitoring of capacity addition for the under construction projects Thrust on import of coal by utilities Development of ultra mega power projects Strengthening...

June 30, 2012

Tata Power want the Moser Baer to be debarred…

Tata Power Delhi Distribution Ltd (TPDDL), a Joint Venture of Tata Power and Delhi Government, asked to debar Moser Baer Photo Voltaic Ltd due to the poor performance of solar projects. TPDDL has awarded three solar projects to Moser Baer Photo Voltaic Ltd, a unit of the Moser Baer group. A letter has been issued by TPDDL to the...

June 9, 2012

Adani Power signed FSA with Coal India for its Mundra power plant…

Adani Power Ltd has signed a Fuel Supply Agreement with Coal India for supply of coal it its Mundra Power Plant in Gujarat. The 4,620 MW coal-based Mundra thermal power project, which was commissioned in February 2012 is primarily linked to overseas and domestic captive sources. With this almost all the private sector...

NTPC blames government over power sector crises…

According to the NTPC Chairman, the entire blame of chronic fuel shortages prevailing in power sector is on the Government which has exacerbated the country's energy crisis and put off steps to increase power generation as he repeated a warning NTPC would fall far short of its own target to up capacity. Mr Arup Roy Choudhury chairman...

Alstom got Rs. 55 Crs orders from NTPC…

Power equipment major, Alstom Ltd, has recently secured two contracts for the execution of turnkey station control and instrumentation (C&I) for National Thermal Power Corporation (NTPC) projects. In a release, the company said that it will be providing the C&I equipment for NTPC's 660-MW supercritical projects...

Coal India should adopt pooling formula… says Mr. Ahluwalia..

According to the Deputy Chairman of Montek Singh Ahluwalia, the Coal India should adopt a pooling formula on prices by combining the prices of imported and domestic coal to offset the impact of high import costs. As said by him, "As the import will get expensive, I suggest Coal India should adopt a 'coal pooling formula',...

June 7, 2012

GE to localise the wind turbine components…

GE Energy is considering to focus on localise the components of wind turbine for the Indian Wind Energy sector for its 1.5 MW and 1.6 MW ratings. As said by Mr Banmali Agrawala, President & CEO, GE Energy, “The company will be launching products of larger capacities to capture low wind speeds as prevalent in India. The...

NTPC JV achieves financial closure for Meja Thermal Power Project…

A loan agreement for Rs. 75.75bn was signed on June 06, 2012 with consortium of sixteen Banks led by State Bank of India and syndicated by SBI Capital Markets Ltd. National Thermal Power Corporation Ltd has announced that Meja Urja Nigam Private Limited, a Joint Venture of NTPC Ltd and UPRVUN Limited has achieved financial closure...

Coal India should focus production not profits, says Alok Perti…

The former Coal Secretary Sh Alok Perti has advised several measures to improve the coal supply situation of the country. According to him, the Coal India should put more emphasize on raising coal production rather tan on increasing profits. As said by him, "In a monopolistic situation, is profit for a government firm only objective?...

May 22, 2012

NTPC and CIL to sign FSA on 2009 terms…

After a long quarrel, NTPC and Coal India have finally agreed to sign new fuel supply agreements (FSA). However, the FSA will be signed on most of the terms of 2009 MoU except the trigger level. The trigger level is the point up to which Coal India has to meet the supply commitment. In the recent FSA being signed,...

May 21, 2012

NBCC looks for a JV to develop 1,000 MW Project along with a coal mine…

National Buildings Construction Corporation (NBCC) has invited an Expression of Interest to develop the coal mine and the power plant for a 1,000 MW project. Though, the scope of NBCC as defined during its formation was to carryout the following activities: project management consultancy services...

BHEL received a contract for ESP Package for Solapur project…

BHEL has recently received a contract for supply and installation of Electrostatic Precipitator (ESP) Package for 1320 MW Solapur Thermal Power Project in Maharashtra. BHEL's scope of work in the contract involves design, engineering, manufacture, supply, and erection and commissioning of the complete ESP package. The ESP...

NTPC awarded Rs. 1.75 Bn order to ABB for developing two substations in Maharashtra…

NTPC has awarded an order worth Rs. 1.75 Bn to ABB Ltd to build two substations at Solapur and Mauda in Maharashtra. The proposed substations will strengthen the grid of western region and facilitate transmission of electricity from new power generation plants being constructed in the region. The substations will include...

Coal India expects to complete the FSA signing within 15 days from now…

Coal India is expecting to resolve the fuel supply agreement (FSA) deadlock in next two weeks and enter into agreements with all the proposed power plants by first week of June 2012. CIL has prposed to enter into an FSA with 48 power plants which are commissioned between April 2009 and December 2011. Currently around 14 private...

CIL to supply coal to NTPC even without the FSA…

As said by Coal India Ltd (CIL) Chairman & MD Mr. Narsing Rao, the NTPC will continue to get coal supply even if it has not signed FSA with CIL as the Government has directed CIL to extend the coal supply even though the MoUs are expired in March 2012. NTPC is not willing to sign the FSA proposed by CIL due to various issue...

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