Indian Power Sphere: 01/18/12

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...

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