Indian Power Sphere: July 2013

July 31, 2013

Status of Financial Assistance provided by MNRE to West Bengal for off-Grid Solar projects ...

Ministry of New & Renewable Energy during the financials years 2009-10, 2010-11, 2011-12 and 2012-13 had released around Rs. 11.78 Crores, Rs. 12.47 Crores, Rs. 8.12 Crores and Rs. 3.82 Crores respectively to West Bengal Renewable Energy Development Agency (WBREDA) for various off-grid and grid connected solar power projects....

EDI of Tamil Nadu engages SunEdison for providing solar training to students...

The Entrepreneurship Development Institute of Government of Tamil Nadu has engaged SunEdison to provide training related to solar projects and related aspects to the students of the institute. The proposed training program will be of four week duration with the coursework of 120 hours and to be held between 29th July to 29th August...

CCI clears two Hydro Projects in Arunachal Pradesh...

The Cabinet Committee on Investment (CCI) have approved setting up of two hydro power projects in Arunachal Pradesh. NHPC had signed an MoU (Memorandum of Understanding) in 2007 with the state for investing Rs 27,000 crore for setting up mega hydro projects by the end of the 12th plan period (2012-17). Currently, NHPC is construction...

CIL arranges a meeting with government officials and public enterprise to discuss the modalities of importing coal...

Coal India Ltd (CIL) has called a meeting with various government officials as well as public enterprises to discuss and finalize modalities for importing coal to meet the needs of various fuel starved power plants. CIL has issued a Pre Notice Inviting Tender (NIT) meeting for the above purpose. According to sources, this move...

CEA's Monthly Review of Indian Power Sector - June 2013

Central Electricity Authority (CEA) has published its monthly review of Indian Power Sector for the month of June 2013. Highlights of the same are as below: Pan India Electricity Generation All India Generation for the month was 76 BU compared to 77 BU last year giving a negative growth of 1.25% and it...

GE's Financial Services Arm has invested Rs. 257 Crores in Gati Infrastructure Ltd...

GE Energy Financial Services, has invested around Rs. 257 Crores in Gati Infrastructure Ltd (GIL) through a share subscription agreement. Gati Infrastructure is owned by Mahendra Agarwal, founder and CEO, and his group firm Amrit Jal Ventures Ltd, an owner of special purpose vehicles (SPVs) with three hydro-electric power projects...

NPTC's Net ProFit increased by 1.2% at Rs. 253.0 Crores...

National Thermal Power Corporation (NTPC) has posted its results for the first quarter ended 30th June, 2013 and as per the same the net profit of the company was recorded at Rs. 2527.02 Crores which was higher by 1.2% compared to the level of Rs. 2498.67 Crores during the same period last year. Also, the total income from...

RPower Net ProFit remain Flat at Rs. 240 Crores...

Reliance Power Limited, announced its consolidated financial reports on 30/07/2013 according to which the net profit of the company is around Rs. 240 Crores for the first quarter of 2013-14 which was Rs. 239.5 Crores in the corresponding quarter of previous financial year. Further the total income recorded was Rs. 1,206 Crores which...

July 29, 2013

floating solar project on patiala ki Rao at chandigarh...

On the lines of Solar Project on the Narmada River in Gujarat, it seems that Punjab is considering to build a solar park on Patiala Ki Rao at Chandigarh which is having seasonal water flows during two to months only. The project is called as UT Solar Park. Earlier an Israeli based company, MST, has been consulted to check the viability...

According to ReNew Wind Power the Wind forecasting regulation of CERC will hamper the countries wind energy market..

ReNew Wind Power, Gurgaon based Wind Energy Developer, expressed its concerns over the recent directives of Central Electricity Regulatory Commission's (CERC) to impose penalty on the wind energy generators for not meeting their forecasted energy output with a band of (+)30% to (-)30%. CERC has issued this order in...

Indian Railways to set up Nuclear Power Plants for Captive Consumption...

Indian Railways, seems to be in discussion with Nuclear Power Corporation of India Limited (NPCIL) to set up nuclear power plants on captive basis to meet its own electricity needs. As the national transporter is reeling under severe financial stress, it seems that the move is part of the strategy to revisit its energy consumption...

RPower's 45 MW Wind Project at Vashpet is commissioned in July 2013...

Construction of Reliance Power Limited's (RPower) 45 MW Wind Power Project at Vashpet, Sangli District in the state of Maharashtra has been completed and the project was commissioned in the month of July 2013. The project which was having investment outlay of around Rs. 300 Crores, was awarded to Global Wind Power Limited...

July 28, 2013

In the Absence of Mandate Policy to sell power in the State, Andhra Pradesh to loose 720 MW of Power...

According to sources, power from around 720 MW of Private Power Projects in Andhra Pradesh may be sold to outside state due to absence of mandate policy for power sale inside the state. It seems that the 520 MW Hinduja II and 200 MW Thermotec Power Projects have been allotted land in the state are now approaching other states...

Retrospective rate cut for Gujarat solar projects to hamper investment sentiments in solar markets as per SBI...

According to State Bank of India (SBI), the biggest domestic lender, the investment in the solar project of Gujarat will be adversely affected, if the tariff of solar parks commissioned in Gujarat is reduce as per the petition submitted by Gujarat Urja Vikas Nigam Limited (GUVNL). The petition submitted by GUVNL. seeks to lower...

July 27, 2013

Coal Ministry issued revised coal distribution policy...

The existing Coal Distribution Policy has been modified by the Coal Ministry to clear the legal hurdles being faced by Coal India Limited (CIL) and to reduce its coal supply commitment from 100% to 80% in new Fuel Supply Agreements (FSA) as well as import of coal to meet the shortfall of power production. Some of the features...

Forest Clearances for Tipaimukh and Dibang Projects are rejected by MoEF...

Forest Clearances of 1,500 MW Tipaimukh Hydel Project in Manipur and 3,000 MW Dibang multipurpose project in Arunchal Pradesh have been rejected by Ministry of Environment & Forest. Dibang Project is being implemented by National Hydro Power Corporation (NHPC) limited whilst the Tipaimukh Project is being implemented by...

Power Surplus Gujarat's 6500 MW Installed capacity is lying unutilized...

As per the Gujarat Government, around one third of state's power generation capacity is lying idle due to lower demand as well as non availability of natural gas for the power projects.. The installed capacity of Gujarat is around 17,300 MW, with a combination of Coal and Gas based projects, out of which around 6500 MW...

Net Profit of JSW Energy increased to Rs. 214.3 Crores during the quarter ended June 2013...

JSW Energy has posted a net profit of Rs. 214.3 Crore in the quarter ended June 2013 which in corresponding period last year was Rs. 3.41 Crore. Some other financials as released by the company are: Total income from operations in the latest quarter rose to Rs. 2,471.96 crore. In the 2012 June quarter, the same...

CESC Limited's Q1 Net Profit increased by 4.8%; received node for delisting from London Stock exchange...

CESC Limited has recorded a net profit of Rs. 131 Crores for the quarter ended June 2013 which is higher by 4.8% compared to corresponding quarter last year as per the company's Annual General Meeting (AGM). The company also secured shareholders' nod to delist its shares from London Stock Exchange to cut costs. Net sales of the...

Gujarat Wind Power Policy 2013

Gujarat Government has issued a new Wind Power Policy on 25th July 2013. Brief details of the same can be found at this post. The complete policy document as uploaded by Gujarat Government is embedded below in pdf form. ...

JSE Energy looking for acquisition of distressed power projects...

JSW Energy, after putting on hold all new power projects due to policy and regulatory uncertainties, seems to be quite serious about increasing the portfolio by the way of acquisition of distressed power projects. As announced by the company some days ago, JSW Energy has put on hold all the new power projects. However, according...

CIL & NTPC signs Fuel supply agreements for 16 Power projects...

Coal India Limited (CIL) and National Thermal Power Corporation Limited (NTPC) have recently signed Fuel Supply Agreements (FSA) for 16 Coal based Power Projects of NTPC. With this the score of FSAs signed by CIL has reached to 82 for around 34,793 MW Capacity. The 16 FSAs signed with NTPC includes 11 with NTPC itself and 5 with...

July 26, 2013

DERC increased the tariff for Domestic Consumers; waived the fuel surcharge..

Delhi Electricity Regulatory Commission has increased the tariff for the domestic consumers of various distribution utilities of Delhi however has waived the fuel surcharge. The effective hikes of different Discoms of Delhi are: BSES: 0.5% TPDDL: 2% NDMC: 4% According to DERC,...

ICRA Report: Long term outlook of Indian wind Energy market to remain strong...

ICRA Limited (an associate of Moody's Investor Service) has released a report on India's Wind Energy market according to which the fundamental long term demand outlook for wind energy is expected to remain strong, supported by large wind energy requirements to meet the Renewable Purchase Obligation (RPO) requirements in the country....

Rooftop Solar at Alappuzha Hospital Kerala...

The Alappuzha Government Medical College Hospital has installed a 30 kW rooftop Solar Project through which they run around 20 fans, 20 lights, 2 Air Conditioners (1.5 tonne each) and 2 motors (of 1.55 HP each) without taking power from Kerala State Electricity Board (KSEB). According to the Hospital officials, the solar...

Delhi Secretariat to install 5 MW solar project to become energy self sufficient...

The Delhi Secretariat seems to become self sufficient for its power needs through Solar Energy as it is planning to install around 5 MW Solar Power Project in the premises. In a meeting held between the Union Minister of Ministry of New and Renewable Energy and Chief Minister of Delhi along with other senior officials,...

thermax recorded Rs. 611 Crores dip in Annual sales Figures...

Thermax Limited, the leading component and services provide to the Indian power sector, recoded a decrease of Rs. 611 Crores in its sales figures for the financial year 2012-13. As per the Annual Report released by the company on 25th July, the total sales figure of the company during 2012-13 was around Rs. 4,532...

Odisha to invest Rs. 3,600 Crores in four years to strengthen the state transmission & distribution sector...

According to sources, Odisha Government is planning to invest around Rs. 3,600 Crores within the next fours years to strengthen the state's power transmission network Out of the planned investment of Rs. 3,600 Crores, Rs 2,600 Crores will be used for the construction of new 33/11 kV Substations while balance 1,000 Crores will be...

MoP seeks urgent solution for unavailability gas to the 14,000 MW gas based power projects of the country...

Power Ministry is considering to have an urgent solution for providing gas to the around 14,000 MW gas based projects which are stalled due to lack of fuel and has urged the gas producers and consumers to spare some gas for power projects after fulfilling their requirements. As on date as high as around 14,000 MW of gas based thermal...

July 25, 2013

Investments in global Renewable Energy Sector including India seems to decline in short term...

According to the a report published by leading consultancy firm Deloitte on Renewable Energy, the global investments in Renewable Energy Sector will be facing a short term sluggishness. Under the said report titled as "Alternative Thinking 2013 Renewable Energy under the Microscope" Deloitte has done a through analysis of various...

JSW Energy has put on hold its expansion projects owing to current regulatory issues...

It seems that JSW Energy has put on hold its expansion project excluding the hydropower project due to the current regulatory issues being faced by the infrastructure projects in India such as power projects. As per the company's announcement during the 19th Annual General Meeting of the company, "Pending clarity...

Gujarat announces new wind policy giving higher tariff and exemption from electricity duty...

Gujarat Government, has today announced a new wind energy policy providing higher tariff for wind purchase and exemption from electricity duty in addition to some other incentives. As per the revised policy, The Tariff/price has been increased to Rs. 4.15 per unit which will be applicable for next 25 years....

NTPC plans capital outlay of Rs. 89 Billion towards its 6 coal mines...

National Thermal Power Corporation (NTPC) is considering to invest around Rs. 89 Billion for developing its own coal mines and subsequently reduce the share of imported coal. Company is aiming to reduce the imported coal's share of its total consumption from 21% at present to 10% within three (3) years. Further, the move...

Shri Infratech is considering to enter into the Solar Energy Sector...

Shri Infratech, Delhi Based, Land & Infrastructure Development company is considering to foray into the Solar Energy Sector. According to the company, the main reason behind entering into Solar Energy Sector is the possibility of providing power to the village and rural towns & diminishing coal and oil resources. As per...

Alstom T&D received Rs. 255.8 Crorers contracts from Power Grid Corporation for development of substations

Alstom T&D India Ltd has received five contracts worth Rs. 255.8 Crorers from the Power Grid Corporation of India Ltd (PGCIL) for development of substation at various locations. The brief summary of the contracts won by Alstom T&D are: Two contracts worth Rs 166 crore for supply, erection, testing...

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