PPA has been signed for 300 MW Thermal Project with Indonesian Utility by Madhucon Projects…

Power India found that Madhucon Projects has signed a Power Purchase Agreement (PPA) with the Indonesian Government Power Utility PTPLN (PERSERO).

 

Madhucon, is currently setting up 1,920MW of power projects near Krishnapatnam in Andhra Pradesh, has won the bid to build the 300MW mine mouth coal fired steam power plant at Dawas in South Sumatra involving an investment of $410 million.

 

Of the project cost of around Rs 2,000 crore, Madhucon Projects will infuse Rs 325 crore as equity while the other group companies will invest Rs 125 crore wherein the project will be funded through a debt-equity of 75:25.

 

Madhucon’s chief financial officer S. Vaikuntanathan told  that the company was given 12 months period to achieve financial closure for the Indonesian power project and another 36 months from then to commerce power generation.

 

The project, comprising two units of 150MW on build, operate and transfer (BOT) mode, will come up close to the existing coal mine of Madhucon’s Indonesian coal arm PT Madhucon Indonesia at Dawas.

 

The power project will use the coal mined from Madhucon’s South Sumatra coal mine, which is set to begin production during first half of this year, where it expects to mine around 5 lakh tonnes a year to begin with and take it to around 1.5 million tonne a year by 2014-end. In all, Madhucon has three coal mines in Indonesia with estimated reserves of around 1,500 million tonne.

 

 

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ReGen Powertech raised Rs. 52 Crs from Private Equity Firms…

Power India found that the Chennai based Wind Turbine manufacturer, Regen Powertech, has raised arond Rs. 52 Crs from to Private Equity (PE) firms for its upcoming manufacturing plant in Udaipur, Rajasthan.

 

The PE Firms which have invested in Regen Powertech are:

• TVS Capital, jointly promoted by the TVS and Shriram Groups has invested Rs. 35 Crs (1.95% stake in the company)
• Summit FVCI, a fund advised and managed by M Cap Advisors has invested Rs 15 crore (0.79% stake in the company)

 

As said by R. Sundaresh, Joint MD, Regen Powertech:

“We have diluted around 2.81% stake for the investments. M Cap Advisors, who had already invested Rs 40 crore, have now raised their investment to Rs 55 crore, through Summit, FVCI,”

 

Promoted by Nuziveedu Seeds Group, ReGen Powertech has a strategic alliance with Vensys Energy AG, and sells its wind turbines under a licence from and under the brand name of Vensys.

 

Sundaresh also confirmed that the company’s plans to get listed on the bourses were on course as well, and it expected to close the current fiscal with consolidated revenue of Rs Rs 4,000 crore, up from Rs 2,500 crore in the previous financial year.

 

 

 

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NTPC-UPRVUNL JV awarded a contract to to BGR Energy for supply of super critical boilers worth Rs. 1855 Crs…

Power India found that the Joint Venture of NTPC and UPRVUNL (Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd) has given a contract of Rs. 1855 Crs to BGR Energy for supply 2 X 660 MW Super Critical Boilers for the project being developed at Meja, Uttar Pradesh.

 

In February, BGR Energy Systems emerged as the lowest bidder in the NTPC bulk tender for supply of 11×660 MW super- critical boilers. These projects are located at Solapur, Mouda (in Maharashtra), Meja (Uttar Pradesh), Nabinagar (Bihar) and Raghunathpur ( West Bengal).

 

In April, the company received the Letter of Award for supply of super critical boilers for Solapur. The letter of award for Raghunathpur is expected this month, it said.

 

BGR Energy has floated a new company – BGR Boilers Pvt Ltd, in joint venture with Hitachi Power, Europe, for transfer of technology and equity participation with 70% equity contribution from BGR Energy.

 

The JV has already signed technical collaboration agreements for transfer of technology for 660 MW, 700 MW, 800 MW and 1,000 MW super-critical boilers. It is in the process of setting up a manufacturing facility, it said.

 

 

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Award of two Uttarakhand Hydro projects to GVK-L&T Consortium cancelled; out of that one awarded to Reliance Infrastructure…

Power India found that around 370 MW of Hydro Projects (200 MW Mapang Bogudiyar & 170 MW Bogudiyar Sirkari Bhyol) which have been awarded to the GVK-L&T consortium have been cancelled and Mapang Bogudiyar has been awarded to Reliance Infrastructure Limited by Uttarakhand High Court.

 

200 MW Mapang Bogudiyar hydroelectric project

• The Uttarakhand High Court has ordered cancellation of the award to a GVK-L&T consortium by the state government earlier, after it was found that the entity did not meet key eligibility conditions to bid for the project.
• The court has ordered the state government to award the project to Reliance Infrastructure, which emerged as the second highest bidder for the project.

 

170 mw Bogudiyar Sirkari Bhyol

• In case of another project, the 170 mw Bogudiyar Sirkari Bhyol, awarded to the GVK-L&T and where the state government’s decision has been legally challenged, the court has left the final decision to the state.

 

Uttaranchal Jal Vidyut Nigam Limited (UJVNL) has issued In February 2004, international notice inviting proposals for implementation of five hydropower projects, including the Mapang Bogudiyar and Bogudiyar Sirkar Bhyol on behalf of the state government.

 

Power companies such as GMR, Reliance Infra and GVK-L&T have participated in bidding for these projects.

The bid clearly stipulated that in case of a bid by a consortium, the net worth and net cash accrual of the Lead Partner should not have been less than 26% of the net worth/net cash accrual of the consortium. This was an important and essential condition of the bid.

However, the net worth and net cash accrual of GVK(Lead member) was only 11% and 14% respectively of the consortium.

The state government, however, relaxed this mandatory bid condition and pre-qualified GVK-L&T consortium for submission of price bids.

Based on offers submitted by bidders, the state government allotted the Mapang Bogudiyar and the Bogudiyar Sirkari Bhyol projects to the GVK-L&T consortium.

 

 

 

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Indian Investors to invest upto $50 Billion in Pakistan’s Power Sector..

Power India found according to Noor Muhammad Kasuri (Chairman, Pak-India Business Council), Indian Investors are planning to invest around $20 Billion to $50 Billion in the Mining, Petroleum, Energy, Power & Infrastructure Projects of Pakistan.

As per him, Indian private sector has also shown eagerness to export electricity to Pakistan through Wagah-Attari border and can lay electricity lines within months for this purpose.

 

At the Nuclear Security Summit in March, India had formally offered Pakistan 5,000MW of electricity during a brief meeting between Indian Prime Minister Dr Manmohan Singh and Prime Minister Yousaf Raza Gilani.

 

After enhancement in trade ties, opportunities for big projects like gas pipeline project between Turkmenistan, Afghanistan, Pakistan and India will further increase. He stated that access and acceptability for Pakistani products in Indian markets has been improved after recent initiatives to improve relations between both governments.

 

PIBC Chairman also examined that India has developed infrastructure in tourism, information technology, agriculture, business and industrial fields and Pakistan can take advantage from Indian experiences.

Moreover, Pakistani businessmen and industrialists should avail opportunities in this regard through hard work and honesty. PIBC has also suggested to governments of both the countries to establish joint industrial and economic zones.

 

 

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Around 1.15 GW of Solar Project under NSM at various stages of completion…

Power India found that around 1.15 GW of Solar Power Projects (Both Solar PV a d Solar Thermal/CSP) projects are being developed in the country under National Solar Mission are currently different stages of completion.

Contribution of Renewable Energy in India.

• Grid-interactive power generation capacity of 7111.66 MW from wind power and 940.09 MW from solar power (photovoltaic and concentrated solar power) has been added in the country during the last 3 years.
• No capacity addition has taken place from Geothermal energy which is presently at research and development stage.
• Renewable power generation capacity addition of 14660.65 MW has taken place during the 11th Plan period. This comprises of 10259.60 MW wind power, 1418.85 MW small hydro power, 1996 MW biomass power, 46.20 MW waste to power and 940 MW solar power.

Government Initiatives

The Government has taken several steps and measures to encourage use of renewable energy systems/ devices in the country which include the following :

• Provision of Fiscal and financial incentives such as, capital/ interest subsidy/ generation based incentive, accelerated depreciation, nil/ concessional excise and customs duties; to improve projects viability.
• Directives under Electricity Act 2003 to all States for fixing a minimum percentage for purchase of electricity from renewable energy sources;
• Preferential tariff for grid interactive renewable power in most potential States following the provisions made under the National Electricity Policy 2005 and National Tariff Policy 2006; Uniform guidelines by CERC for fixation of such preferential tariffs being issued every year;

Jawaharlal Nehru National Solar Mission

• Launching of Jawaharlal Nehru National Solar Mission to give a boost to deployment of solar energy systems, solar PV as well as concentrating solar thermal achieve reduction in cost of solar power.
• The first phase of the Jawaharlal Nehru National Solar Mission (JNNSM) is scheduled to be completed by 2013 only. However, as per progress available so far all the application segments of the Mission are going on as scheduled and on target.
• The details of projects sanctioned under the Phase-I of the JNNSM are as under:
  
  • Projects under Migration Scheme (84 MW-Solar PV – 54MW, Solar Thermal – 30 MW)
  • Projects under New Project Scheme (Batch-I) (Solar PV- 150 MW, Solar Thermal- 470 MW)
  • Projects under New Projects Scheme (Batch-II) (Solar PV- 350 MW)
  • Projects under Roof top PV and Small Solar Power Generation Programme (RPSSGP) – 98.05 MW
• Support for sector specific seminars/ workshops/ training programmes.
• Publicity and awareness campaigns regarding the use of renewable energy systems/ devices through print, postal electronic media and exhibitions.
• A National Clean Development Mechanism has been set up to accord host country approval for the CDM projects.

 

 

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Torrent Power has been handed over the Power Distribution System of Kanpur…

Power India found that the Torrent Power Limited has been handed over with the Power Distribution System of Kanpur by Uttar Pradesh Government.

 

Torrent Power had earlier bagged power distribution of Agra also.

 

UP chief secretary Javed Usmani had a meeting with officials of the Torrent Power and the energy department. During the meeting, the chief secretary asked the energy department to reassess the revenue recovery rates by May 10 before power distribution network of the industrial city is handed over to the company.

 

In May 2009, UP Government had signed a memorandum of understanding with Torrent under the franchisee system stipulating that the company will be responsible for distribution of power and realization of revenue in Agra.

 

As per the MOU, Torrent will be responsible for distribution of power and realization of revenue in Agra. The move was taken as the revenue of state electricity companay reduced drastically due to high power pilferage.

 

In fact, the average recovery (technically called through-rate) had dipped to around Rs 1.90 per unit. But under an agreement, Torrent was supposed to recover revenue for the state government at the rate of Rs 2.02 per unit. Any further realization would have been company's profit.

 

The state government has also decided to examine if the company could be given an extension for setting up a 1,320 MW power plant in Sandila. The company had entered into an agreement with the state government in 2011 for setting up a thermal power plant through the MoU route. The company was supposed to get the project set up within 18 months. However, that does not appear to be happening even as the energy department reviews the project.

 

The chief secretary has asked the department to submit its report by May 5. Interestingly, this is quite similar to what JP did in case of 1,980 MW Bara thermal power plant in Allahabad which was allotted to it in 2009 by the Mayawati government. As per the contract, the plant was supposed to start generating electricity by 2013. But the developer in 2011 got the timeline extended till 2015. The same appears to happen with the proposed 1320 Mw power plant in Sandila.

 

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CEA advised power utilities to maintain blending ratio of 30:70…

Power India found that the Central Electricity Authority, in an advisory, has told all the power generating companies, power project developers and power equipment manufacturers that the boilers, including auxiliaries to be designed for a 30:70 bled ratio.

 

Into this 30:70 blend ration 30 per cent would be imported/high gross calorific value (GCV) coal while 70 per cent would be indigenous coal. Further, the  station facilities should be designed for unloading, handling and blending imported/high GCV coal.

Power India believe that the move was considering the growing need for imports due to constraints in the availability of domestic coal.

 

In light of the Power Ministry’s proposal around 75,000 MW capacity addition during the 12th plan, out of which 55 per cent is expected to be coal based, the advisory which was issued on April19, 2012 is very crucial.

 

Further as estimated by Mr. Sriprakash Jaiswal, Hon’ble Union Coal Minister, the approximate coal imports by the country during the 12th plan will be 250 million tonnes.

 

Considering this CEA has said:

“Coal quality is a major input parameter for the design of a power plant boiler. Large coal quality variations may not be readily accommodated in a plant, and may lead to loss in efficiency. It is thus considered prudent that all future coal-fired thermal power stations to be set up in the country shall be designed to enable the use of a higher percentage of imported/high GCV coal, as may be required.”

According to the CEA, the gap between the demand and the indigenous supply of coal was likely to increase, as these supplies unable were unable keep pace with capacity addition in the power sector. Coal imports would be required to bridge the shortfall, especially in supplies to stations designed on indigenous-coal standards. Stations designed primarily for imported coal would also be required.

 

The CEA’s advisory was based on a report of a group that studied the range of blending imported coal with domestic coal. The group, headed by Suresh Chander, had given its report to the government in April 2011.

 

In its report, the group had said a large number of Indian power utilities were already using imported coal for blending and generally, stations blended 10-15 per cent of imported coal by weight.

 

The complete report on the above subject can be downloaded from here.

 

 

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