Indian Power Sphere: 04/27/12

April 27, 2012

Tribunal to hear plea against nod to Jindal’s power plant…

The National Green Tribunal today agreed to hear a plea challenging the environmental clearance granted to Jindal Power Ltd on November 4, 2011, for increasing the capacity of its 1,200 MW coal-based thermal power plant in Raigarh district of Chhattisgarh to 2,400 MW. The Tribunal, however, refused to entertain the plea assailing...

Nuclear Energy to be counted as clean energy source according to Planning Commission…

Nuclear energy should be considered a clean energy source, Mr Montek Singh Ahluwalia, Deputy Chairman Planning Commission, said that at the end of the 23-Government Clean Energy Ministerial meeting that took place in London this week. Mr Ahluwalia, who represented India at the third CEM conference, said that nuclear energy was...

Madurai Corporation to take green route for power generation…

Power India found that with the state reeling under a severe power crunch, the Madurai Corporation has started focusing on energy generation from alternate measures such as solar and bio-ethanol. During the council meeting held on Wednesday, a resolution was passed to call tenders from eligible companies to set up solar projects in the corporation...

India invokes special powers under Electricity Act to enable open access…

The government has invoked special powers under the Electricity Act and directed the central and state regulators to implement a long-pending reform to allow industrial consumers to buy cheaper power from the open market. The move will help 15,000 large consumers particularly the sick textile, cement and steel industrial units...

Power Ministry asked PFC and REC to lend more to power projects…

The power ministry has written to the Cabinet Committee on Infrastructure to mandate a uniform 50% risk weight to bank loans for state-owned Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), a move which could lead to banks doubling their exposure to these companies if it finds favour with the Reserve Bank of...

Suzlon to raise $500 million through bond sale…

Power India found that Suzlon Energy Ltd. (SEL) plans to raise as much as $500 million, including through a bond sale, to meet debt payments in June, its finance chief said. India’s biggest wind turbine maker began talks with “large, international banks” four weeks ago about selling high-yield bonds, Chief Financial Officer...

India and Brazil to drive the global wind energy capacity addition…

The global wind industry will install more than 46 gigawatt of new wind energy capacity in 2012 according to a five-year industry forecast published by the Global Wind Energy Council (GWEC). By the end of 2016, total global wind power capacity will be just under 500 GW, with an annual market in that year of about 60 GW, the...

NTPC’s denial of CIL’s new fuel supply agreement may jeopardise the coal supply to power producers…

India's largest power sector company NTPC's denial to sign the newly formulated fuel supply agreement for new power plants is likley to jeopardise the government mandated plan to secure committed coal supply to power producers. NTPC accounts for more than 35% of the quantity that CIL would have to supply under the new FSA. Of the 51 FSAs...

Fresh push to reforms soon, says R. Gopalan

While the government faces the music for going slow on reforms, away from the media glare, North Block is working on the blueprint for a fresh push to reforms. Economic affairs secretary R Gopalan has spelt out the details of the blueprint and says that coal, power and petroleum sector reforms are on the fast track. “In power...

Rail wagons availability improved coal supply for thermal projects…

The coal shortage at a number of thermal plants in the country is likely to continue as Coal India Ltd. (CIL) envisaged growth is linked to increased availability of railway wagons. The average growth in coal movement through rail has been only around 3% during the last 3 years whereas CIL has envisaged a growth of around 12.6%...

Delhi Government’s Bawana plant in trouble…

The Bawana plant, one of the ambitious project of the Delhi government, may not start producing power anytime in the near future. For, reports said Reliance Industries has expressed its helplessness to provide gas to Delhi to run the plant. Delhi chief secretary Praveen Kumar Tripathi said the union ministry of petroleum...

RPower’s Dahanu Solar Project started commercial operations with RInfra of Maharashtra…

Power India found that the 40 MW Solar PV Project of Reliance Power Limited (RPower) at Jaisalmer, Rajasthan has started commercial operations with Reliance Infrastructured Limited (RInfra) and providing electricity to households and business in Maharashtra. Under the Power Purchase Agreement, the entire power generated by this...

Suzlon bagged order for 50.4 MW wind project at Rajasthan from Eoxis Group…

Power India found that Suzlon Energy Limited (Largest domestic wind turbine manufacturer) has bagged a contract for a 50.4 MW Wind Power Project in Rajasthan from Eoxis Group (UK based renewable energy developer). The Eoxis Group is backed by Platina Energy Partners which is London based independent renewable energy investor....

CIL refuses to supply power plants commissioned after December 2011…

Power India found that in a twist to the unending drama over coal supply, Coal India Ltd (CIL) has refused to supply to power plants commissioned since December 2011. The move is set to stall investment worth Rs 40,000 crore in new power capacity of 8,156 Mw. This includes a 300-Mw unit of Reliance Power’s Rosa power plant in UP and a 660-Mw...

Jammu & Kashmir Government sets up 4 wind masts to assess wind energy potential in the state…

Power India found that the Jammu & Kashmir government has set up 6 wind monitoring stations (“Mast”) in the state to assess the potential for harnessing wind energy and developing wind projects in these areas of the state. Earlier Power India has reported the J&K is planning to develop its first project at Reasi. ...

MNRE planning to re-introduce depreciation & generation incentives for wind energy…

Power India found that Ministry of New & Renewable Energy (MNRE) is planning to re-introduce incentives for the wind energy sector to allay fears that capacity addition could fall after the sops were withdrawn from April 1. The Government of India (GoI), earlier, rolled back two key incentives for the sector this year:...

India boost the Solar Energy globally…

Power India found that according to a report published by NRDC and CEEW, India vide its ambitious National Solar Mission (NSM) layed down a foundation for the brighter future of sola energy globally. As said by the Report: From tentative beginnings, India’s solar energy market is picking up steam. From 17.8 megawatts (MW) in...

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