Indian Power Sphere: January 2012

January 31, 2012

RPower seeking Gas allocation for Samalkot Project…

From the sources, Spark found that Reliance Power Limited (RPower)’s 2,400 MW Gas Based Power Project at Samalkot, Andhra Pradesh has requested the Government to allocate gas as the Project is on the verge of completion. RPower’s Samalkot Project which is based on Gas as fuel will require around 9.6 milllion cubic meters/day (mmcmd) gas....

January 27, 2012

Solar Energy Corp. of India – national solar company of India in making…

Spark, from the online resources, have learnt that, India is planning to set up a company to build federal solar projects and to assist the country reach a target of 20 GWs of solar energy capacity by 2022. Spark found that the initial capital of the company will be Rs. 20 Billion (USD 405.6 million). This decision was taken considering...

MoEF cleared Kudgi Thermal Project of NTPC…

Spark, from the various online Sources, learnt that National Thermal Power Corporation (NTPC – Largest Power Generating Company of India) had received clearance from Ministry of Environment and Forests (MoEF) for its upcoming Kudgi Super Thermal Power Project Stage – I ( 3 X 800 MW) being set up in Bijapur district of adjoining Karnataka....

RPower to hire RWE Power to coal mining of Tilaiya UMPP…

According to Sources, Reliance Power Limited (RPower) has roped in RWE Power International (Germany) to assist the company for mining the coal from its captive mines at Tilaiya Ultra Mega Power Project (UMPP). Spark found that, RWE Power is one of the leading energy utilities of Europe and Biggest Coal Miner of Germany. RWE Power shall...

MoP forwards 12th Plan capacity addition proposal to Planning Commission…

According to Sources, Ministry of Power (MoP) has set a target of capacity additions to the tune of 76,000 MW during the 12th Five Year Plan (FY 2012 – 17) and 93,000 MW during 13th Five-Year Plan (2017-22). However, Spark found that, the Planning Commission is mulling to fix the target of about 1,00,000 MW of capacity addition in the Power...

Coal Prices to be revised by end of Month…

According to Sources, Spark found that Coal India Ltd (CIL) is planning announce the new set of coal prices this month. This will be done prior to the retirement of the acting CIL Chairman Mr. N. C. Jha on 31st January 2012. The decision comes after the ministry formally asked CIL to relook its January 1 pricing. According to...

January 26, 2012

NDMA asks Nuclear Plants to prepare emergency plans…

Spark learnt from the sources that, National Disaster Management Authority (NDMA), asked the states having nuclear projects to prepare plans for development of emergency planning zone in 16 KMs radius around these plants. The move came with the memories of Japan’s Fukushima Nuclear Disaster last year. The proposal established...

Solar Panels in Housing Projects of Rajasthan…

Spark learnt from the sources that, the Urban Development & Housing Department (UDH), Jaipur is planning to introduce the provisions of electricity generation by solar panels in housing projects under the proposed section of 90A of the Land Revenue Act. Spark believes that, this move will help Jaipur to reduce the frequency...

January 18, 2012

Talma Chemical commissions 25 MW PV Project in Gujarat…

The 25 MW Solar Photovoltaic (PV) Project of Visual Percept Solar Project (VPSPPL), a subsidiary of Talma Chemical Industries (Bhanshali family promoted company) in Gujarat has been commissioned today. The Power Purchase Agreement (PPA) for the said project has been signed with Gujarat Urja Vikas Nigam (GUVNL) for a period of 25...

Karnataka’s RE potential far more than 38 GW of which current utilization 3.45 GW…

World Institute of Sustainable Energy (WISE), Pune based renewable energy consulting agency have studied the renewable energy potential of Karnataka. As per the study, the potential is more than 38 GW of which only 3.45 GW has been tapped till November 2011. The said installations of 3.45 GW includes 1,929 MW of wind, 86 MW of biomass,...

Committee of Secretaries (CoS) to drive next generation of Power reforms…

Update of Meeting of Head Honchos of Indian Power Sector with Hon’able Prime Minister Manmohan Singh… A Committee of Secretaries (CoS) will be constituted under the Principal Secretary Mr. Pullock Chatterjee Secretaries from the Ministries of Power, Petroleum, Coal, Environment and Finance would be a part of the panel. CoS will...

Broader guidelines for Environment Clearances to the Power Sector…

There may be some more good news to the Power Sector as Jayanthi Natarajan (the Hon’able Environment Minister, GoI) has announced today that Indian is planning for broader guidelines for environment clearances to the power sector; also the timelines of issuance of environment clearance will be prescribed. "Within my mandate to protect...

Power Honchos’ meeting with Coal Ministry…

The head honchos of private power producers such as Mr. Anil Ambani (Chairman – Reliance ADA Group) and Mr. Cyrus Mistry (Tata Group) has met the Mr. Sriprakash Jaiswal, the Hon’able Coal Minister, Indian Government. The meeting was the part of the whole day meetings with the top government officials regarding various ongoing and upcoming...

DVC’s thermal unit to go on stream soon…

The maiden 500 mw unit of Durgapur Steel Thermal Plant being established by Damodar Valley Corporation is set to start commercial generation by end of January. The unit was put on stream in July 2011. In a bid to achieve completion of 2 x 500 mw capacity addition in the 11th Plan Period, another unit of the same size is expected to be commissioned...

Good news to power sector from banks…

In a big relief, there is some good news from banks for the power sector, especially to companies which seek a loan recast. A number of state electricity boards (SEBs) or distribution companies (discoms) which had taken short-term loans from banks for liquidity support have found themselves in no shape to repay as committed. Currently,...

MCL to set up 1600 MW power plant…

Coal India Ltd’s flagship company Mahanadi Coalfields Limited (MCL), will set up a 1600 MW power plant with super critical technology at its Basundhara area in Sundargarh district in joint venture. MCL would be the only coal company in the country to venture into power generation. It intends to utilise its huge undespatchable coal reserve...

China Sunergy’s 13MW Solar Modules Commissioned in a 25MW Indian Solar Project…

China Sunergy Co., Ltd. (“China Sunergy” or the “Company”), a specialized solar cell and module manufacturer, today announced that a solar PV project in Guajarat, India including China Sunergy’s solar panels was successfully connected to the grid. The 25 MW Project, of which 13 MW of high quality solar modules were supplied...

Tata Power to offer Mumbai users incentive to cut consumption…

In an effort to encourage its customers in Mumbai to cut peak-hour electricity consumption, Tata Power Co. Ltd plans to share with users the savings that will result from having to purchase less power from the open market to meet demand. India’s largest integrated private power company is yet to work out a way of sharing the savings. “Sharing...

L&T Infrastructure's power sector exposure not stressed…

Trouble in the power sector notwithstanding, the portfolio of L&T Infrastructure Finance is not "stressed", a senior company official said today. "Our exposure in the power sector is not stressed and there had been no case of restructuring of loan. (This) despite our exposure in the sector being 37 per cent," joint General Manager...

Reliance Power - Attractive, despite concerns - Initiate coverage with Buy…

An update from Equity Bull In an uncertain environment for Indian power players given concerns on fuel shortage and financial health of State Electricity Boards, we believe Reliance Power is favourably placed amongst its peers. RPWR's UMPPs have captive coal mines. Its UMPP tariffs are also the lowest, reducing risk of a SEB default. While...

Surcharge shocker for AP power consumers…

With the AP Electricity Regulatory Commission (ERC) on Tuesday night approving the fuel surcharge proposals submitted by four discoms, nearly 2.2 crore power consumers across the state will have to cough up nearly Rs 3,050 crore passed on to them by the discoms for the power purchased by them at exorbitant rates during the years 2008-09...

Lanco missted the quarterly repayment of loan…

Lanco Infratech has missed its quarterly repayment of loan raised for its 1,200-mw imported coal power project at Udupi in Karnataka as the poor health of state distribution companies is taking a toll on power utilities. Lanco Infratech's subsidiary Udupi Power Corporation Ltd (UPCL) was unable to make a debt repayment of 90 crore that...

Power Trading Update – 17th January 2012

Power Trading snapshots of two major exchanges IEX (Indian Energy Exchange) and PXI (Power Exchange of India) for 17th January 2012. Market Snapshot on IEX Category Purchase Bid (MWh) Sell Bid (MWh) Unconstrained MCV(MWh) Constrained...

January 16, 2012

Equity capital of IREDA likely to quadruple…

According to reports, the union ministry of new and renewable energy is lobbying the finance ministry to almost quadruple the paid up equity capital of the Indian Renewable Energy Development Agency (IREDA) to enable the latter to catalyse and fund the development of renewable energy projects in India. “We are petitioning the ministry...

Suzlon to develop 3,000 MW of wind energy in Andra Pradesh…

According to reports, India’s largest wind turbine manufacturer Suzlon Energy will develop 3,000 MW in Andra Pradesh by 2016 with a potential investment of Rs.18,000 crore. The company signed a memorandum of understanding (MoU) with the state government during last week’s Partnership Summit 2012 in Hyderabad. Andra Pradesh is one of the...

Delhi Metro- first rail network in the world to have two projects registered with UNFCCC…

According to reports, the Delhi Metro is the first rail network in the world to have two projects registered with the UN Framework Convention on Climate Change. Not only has it succeeded in preventing release of almost one lakh tonnes of carbon dioxide into the atmosphere but is also earning carbon emission reductions (CERS) under the carbon...

Solaris commissions 1 MW solar PV plant in Andhra Pradesh…

US-based Abound Solar, a top manufacturer of thin-film photovoltaic modules, and Solar Integration Systems India Pvt Ltd (Solarsis) today announced the commissioning of a 1 MW solar photovoltaic plant at Kadiri in Andhra Pradesh. The commissioning officially took place on January 14 and comes less than a year after the two companies announced...

Interview of CMD, CIL Nirmal Chandra Jha…

Interview with CMD, Coal India Ltd. by BS. Coal India Ltd, the world’s largest producer and India’s state-owned miner, is going through a difficult period following an unprecedented decline in output. Chairman Nirmal Chandra Jha defends the company’s recent performance in an interview with Sudheer Pal Singh. Edited excerpts: Have...

GVK Power & Infrastructure: Investors advised to exit stock…

Capex commitments in the current high interest rate environment are likely to increase the interest burden of GVK Power &Infrastructure(GVK). Availability of gas for its power plants would be an added concern in the near term. BUSINESS GVK Power and Infrastructure (GVK) is a holding company that has assets across various sectors...

Power play: DVC bends for RInfra…

The Damodar Valley Corporation (DVC) has come under further cloud regarding the commissioning of six power plants to supply power to Delhi during the 2010 Commonwealth Games (CWG). According to Sources such as DNA, Spark found that DVC violated rules to award the Anil Ambani-owned Reliance Infra Limited an Engineering Procurement...

Top Power executives to meet PM Singh over power issues…

Top executives from India's major power companies will meet Prime Minister Manmohan Singh on Wednesday to push for swifter action to improve access to coal and make it easier to get funding, acquire land and get environmental clearances. Lack of progress on such issues has held up projects and threatens India's economic growth. Tata group...

Power Trading Update – 15th January 2012

Power Trading snapshots of two major exchanges IEX (Indian Energy Exchange) and PXI (Power Exchange of India) for 15th January 2012. Market Snapshot on IEX Category Purchase Bid (MWh) Sell Bid (MWh) Unconstrained MCV(MWh) Constrained ...

January 14, 2012

Power Stocks update for the week closing on Friday…

Shares of power utility players rallied on Friday after government data showed electricity generation went up by 14.6% in November 2011 from the same period the previous year. This is against the 5.6% growth in October 2011. Jaiprakash Power spurted 11%. Reliance Power gained 7.7% while GVK Power rose 5%. Stateowned NHPC ended up 4%...

Subscribe to: Posts (Atom)