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 majors have entered FSA with CIL for projects commissioned between April 2009 and December last year.

 

Other private operators who entered the pact so far are: Kolkata-headquartered CESC Ltd; Reliance Power-controlled Uttar Pradesh-based Rosa Power; Lanco and the UP-based Bajaj Energy for a combined capacity of 2,530 MW.

 

The total number of supply pacts signed stands at 15 out of 48 identified projects.

 

While a couple of state utilities have also entered the pact, the Union Government-controlled NTPC Ltd is yet to join the bandwagon.

 

The public sector major has demanded roll back of the existing draft, cleared by CIL board.

 

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More on this

• http://www.thehindubusinessline.com/companies/article3493887.ece
• http://industrymonitor.in/energy/2012/06/adani-power-inks-pact-coal-india/

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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 of state run NTPC said that a climate of fear following a spate of corruption scandals had frozen officials into inaction on environmental clearances, land acquisition and allotment of coal mines.

 

Mr Choudhury told Reuters in an interview that "Public sector companies like me are under tremendous pressure because of the environment of suspicion and mistrust.”

He told that "It becomes a game of snakes and ladders, where you overcome a few steps, and then suddenly you find yourself at the bottom of the heap, trying to work yourself through again."

Mr Choudhury reiterated that NTPC, which owns about a fifth of India's generation capacity, would miss its target of adding 25,000 MW to capacity by 2017 and was now aiming for just 14,500 MW.

India relies on coal for two thirds of its power generation, and will need even more for the additional capacity planned to tackle a power deficit that sometimes reaches as high as 13%, hampering industry and plunging millions into darkness.

 

 

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More on this…

• http://in.reuters.com/article/2012/06/07/india-power-ntpc-idINDEE85609K20120607
• http://www.steelguru.com/indian_news/NTPC_lashes_government_over_power_crisis/267737.html

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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 for Solapur II and Mouda II in Maharashtra. These contracts are worth around Rs 55.4 crore.

 

Alstom said that this is the biggest project for the company in the C&I segment in India and also the first contract provided to Alstom by NTPC in the C&I 660-MW segment.

 

 

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More on this…

• http://www.epcworld.in/news/post/1035-AM-(Sat)-Alstom-bags-contract-worth-Rs55-cr-from-NTPC.aspx
• http://www.thehindubusinessline.com/companies/article3504548.ece

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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', which will propose to calculate pricing of

the material by mixing the imported and domestic coal," 

 

He further  added that the state-owned coal utility needs to step up the supplies to power producers and should go for imports, in case of shortfall in domestic production.

 

 

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More on this…

• http://timesofindia.indiatimes.com/business/india-business/CIL-should-adopt-coal-pooling-pricing-formula-Montek-Singh-Ahluwalia/articleshow/13955028.cms

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