Indian Power Sphere: August 2013

August 24, 2013

Indian Government to initiate bidding of two UMPPs at Orissa and Tamil Nadu...

Indian Government seems to initiate bidding of two Ultra Mega Power Projects (UMPPs) in the states of Orissa and Tamil Nadu. As estimated by the Government, the UMPPs will involve investment of around Rs. 40,000 Crores. However, due to the revised bidding framework conceptualized by the Government, it seems that not many companies...

August 16, 2013

Green Infra acquired majority stake holding in TVS Energy for 50.75 MW Wind Projects...

Green Infra Limited seems to have acquired majority stake in the wind assets of TVS Energy. TVS Energy has decided to exit from its Wind Energy business which was having around 59.75 MW wind farms in the states of Tamil Nadu and Maharashtra. Green Infra which is a renewable energy arm of IDFC has acquired majority stake in the TVS...

August 11, 2013

Peak Power deficit in India dropped to 4.5 per cent due to good monsoon...

Good monsoon has brought some respite to the power sector as the peak power deficit for the month of July dropped to 4.5 per cent from 5.8 per cent in June. As per the latest data by the Central Electricity Authority (CEA), the peak power deficit -- the shortage in electricity supply -- in the month of July when the demand was...

Heavy Industries Ministry to make BHEL a nodal agency for government funded overseas projects...

Heavy Industries Ministry is considering to make Bharat Heavy Electricals Limited a nodal agency for the execution of all overseas power projects being financed by the Indian Government and to accord preference to it for providing spares and services for the government funded overseas power projects. BHEL, the country's leading...

Nuclear & Solar are the only alternatives to meet India's energy needs as per former chairman of atomic Energy Commission...

According to the former chairman of Atomic Energy Commission Dr. Anil Kakodkar, nuclear energy and solar energy are the only energy sources which can meet the energy requirements of India. According to him, India has to bring its per capita electricity production on par with that in the advanced countries if it has to emerge as...

August 10, 2013

Coal India lined up Rs. 4000 Crores for its planned acquisition of nine overseas coal mines this year...

Coal India Limited is planning to acquired nine coal blocks in overseas countries such as Mozambique with and estimated outlay of Rs. 4000 Crores during the current financial year. As per the annual report of Coal India Ltd: Capital expenditure for 2013-14 has been envisaged at Rs 5,000 crore plus additional ad-hoc...

Jakson solar to set up a 10 MW Solar PV Project in Bundelkhand region of Uttar Pradesh...

The company will set up the solar IPP in Bundelkhand region at a total cost of Rs.800mn and is targeting to commission the project by March, 2014 Jakson Power Solutions, India’s leading power solutions Company, announced that it has secured a new 10 MW solar IPP from Government of Uttar Pradesh under its Solar Power Policy announced...

MP Government has allotted Two Solar PV Projects having total capacity of 15 MW to ETain ImMODO...

ETain ImMODO Renewables Ltd, Ahmedabad based leading Solar Turnkey Services provider, has been awarded two Solar PV projects with total capacity by Madhya Pradesh Government. Under the “Policy for implementation of Solar Power based projects in Madhya Pradesh, 2012”, Madhya Pradesh New & Renewable Energy Department (“MPNRED”)...

August 9, 2013

Tamil Nadu to get additional 100 MW power from Kundankulam Nuclear Power Project...

As said by the Power Minister, Tamil Nadu will get additional 100 MW electricity from unit 1 of the Kundankulam Nuclear Power plant once the operations will start. According to the initial agreement, Tamil Nadu would get 462.5MW from the first unit which attained criticality last month. Now the total power from the unit to Tamil...

Technology for Waste to Energy is being assessed by the Government considering the inputs from Industry Experts...

Due to the oppositions being faced by various industry experts, Planning Commission has set up a task force to assess the technology of Waste to Energy Projects. In the projects which are constructed in various areas such as Vijayawada, Delhi, Hyderabad, Lucknow etc, issues related to low calorific value, poor segregation,...

NTPC to construct a 500 MW Project in Sri Lanka for Ceylon Electricity board...

National Thermal Power Corporation (NTPC) is planning to build a 500 MW Thermal Power Project in Sri Lanka in association with the Ceylon Electricity Board (CEB). For the development of the proposed project, NTPC and CEB have created a joint venture company, Trincomalee Power Corporation Ltd (TPCL), with 50:50 equity participation...

UP Government issues LoI to seven companies for 130 MW solar projects in Bundelkhand region...

Uttar Pradesh Government has issued Letter of Intent to seven companies for setting up 130 MW solar power plants. All these power plants will be constructed in the Bundelkhand region. National Hydro Power Corporation in joint venture with Uttar Pradesh New and Renewable Energy Development Authority is also setting up a 100 MW solar...

TVS submitted a note to BSE regarding its plan of selling off wind energy business...

TVS Motor Company has submitted a note to BSE confirming its plan of exiting from the wind energy business. TVS Motor is having wind projects of around 59.5 MW capacity has been set up with an investment of around Rs. 37.5 Crores under the two SPVs TVS Wind Energy Ltd and TVS Wind Power Ltd. All the projects have been registered...

August 8, 2013

Hydro Power Generation in the country at all time high; reduces the power purchase rate in the open markets...

As per the data published by Central Electricity Authority, the early monsoon in the North India has led all time high hydro power generation with 6.04% rise to 31.28 Billion Units during the first quarter. Due to the additional supply the demand-supply gap in the grid has been eased and due to which the power purchase rates has...

Six States asked CIL to restrain coal supplies due to lack of power demand...

Due to reduced demand of power during the monsoon period, around six states have asked Coal India Limited (CIL) to restrain the coal supplies to them. The lack of demand for coal can also be linked to lesser demand for electricity during monsoon in general and power from thermal in particular, as rains have improved hydro power...

Power Ministry abandons plan of 4000 MW sarguja UMPP due to Environment Concerns...

It seems that the Power Ministry has abandoned the plan of setting up a 20,000 Crores Ultra Mega Power Project at Sarguja in Chhattisgarh due to the likely environmental issues for the coal blocks. The Coal blocks of Hasdeo-Arand have been allocated for the proposed 4,000 MW project. However as these coal blocks are falling under...

NTPC's Trading Arm to start supplying Power to Bangladesh by next month...

National Thermal Power Corporation Ltd (NTPC) will start supplying around 250 MW of power from the next month to the neighboring country of Bangladesh. The transaction will be managed by NTPC Vidyut Vyapar Nigam Ltd (NVVN), which is the nodal agency for supply of power to Bangladesh. A Power Purchase Agreement (PPA) has been...

Power Prices in Punjab touches to Rs. 10 per unit due to network congestion...

Due to congestion in the power grid, power prices in Punjab are touching to Rs. 10 per unit at the exchanges. This is the highest price in the country which has surpassed prices for South India which historically remained as highest. South India prices used to be highest among all regions. But this trend has reversed with Punjab...

EGoM meeting scheduled on August 14 to discuss and finalize plans for power sector...

The Empowered Group of Ministers (EGoM) will be meeting on August 14 discuss and finalize plans of diverting a small volume of gas from non-priority user to the fuel starved power generation projects. According to sources, the EGoM may consider sparing around 2 million standard cubic meter per day of gas to the power projects during...

August 7, 2013

Adani Group in race to buy Stemcor India assets...

Adani Group, in line with Tata Steel, JSW and JSPL, is planning to participate in the auction of the coal assets of Stemcor India which are valued at around USD 800 Million. Adani Group, having primary interests in coal, power and port sectors, has already evinced interests to buy Stemcor India assets with Stemcor management in...

GE & First Solar to enter into Technology & stake sell and purchase agreement...

General Electric (GE) and First Solar have decided to join their competing thin-film solar panel technologies in an effort to improve efficiency and decrease costs. First Solar is the world's largest producer of thin-film panels and among the world's largest solar farm developers. GE's thin-film technology has performed well in...

NTPC, L&T kin on picking up stake in OTPCL's 2,400 MW Power Project...

It seems that National Thermal Power Corporation Limited (NTPC) as well as Larsen & Toubro (L&T) are interested in picking up stake in the 2,400 MW Power Plant proposed by the Odisha Thermal Power Corporation Limited (OTPCL). OTPCL, which is a Joint Venture between Odisha Mining Corporation (OMC) and Odisha Hydro Power...

BHEL won 103.5 MW order for Gas Turbine Generator from BPCL for its captive power plant...

Bharat Heavy Electricals Limited (BHEL) won a contract for supplying the Gas Turbine Generator package from Bharat Petroleum Corporation Limited (BPCL) for its energy efficient and environment-friendly co-generation captive power plant at Kochi Refinery in Kerala The contract is valued at around Rs. 2650 Million, and envisages...

R-Power & Tata Power opposes the proposed changes in the Standard Bidding Documents for Power Projects...

Reliance Power Limited & Tata Power have opposed the recent changes proposed by the government over Standard Bidding Documents (SBDs). According to both the leading private power sector companies any drastic changes in SBDs would make it difficult for them to put competitive bids under proposed new norms. As...

Wind Developers demands better grid before following to CERC's forecasting regulations...

Wind power producers who were recently directed by the Central Electricity Regulatory Authority (CERC) to give day-ahead forecast for power generation have asked the Power Ministry to first resolve the issue of grid stability and build required transmission infrastructure for evacuation of wind power. The Central Electricity Regulatory...

UP Government to invest Rs. 2,300 Crores for solar projects with eight firms...

Uttar Pradesh Government is planning to enter into agreements worth Rs. 2,300 Crores with eight firms for the solar power projects in the state. The New & Renewable Energy Development Authority (NEDA) which is a state nodal agency for the renewable energy development has signed Memorandum of Understanding (MoU) with National...

August 6, 2013

Investment by Private Sector companies in Indian Power Sector reduced by 44% during FY 2012-13...

During the financial year of 2012-13, the investment in Indian Power Sector by the private companies have been decreased by 44% compared to the previous financial year of 2011-12. During the FY12-13, investment done by the private companies in the power sector was around Rs. 54,953 Crores which in FY11-12 was around Rs. 98,283...

Coal India supplied 88% of committed coal to the power plants during Q1 of 2013...

During Q1 of the current financial year, Coal India Limited has supplied around 86.39 million tonnes of coal to power sector which is almost 88% of the commitment of 96.41 million tonnes under the Fuel Supply Agreements (FSA). As said by the Coal Ministry, during April 13 coal stocks with power plants has gone up to 19.75 million...

Tata Power recorded consolidated net loss of Rs. 114.7 Crores in Q1 of 2013...

Tata Power has recorded consolidated net loss of Rs. 114.7 Crores in the quarter ended June-13 as against the profit of Rs. 145.9 Crores during the same period a year ago. As said by the company the higher interest payment and forex loss has resulted in the poor financials of the company. Consolidated net revenue...

RPower approaches CERC seeking increase in tariff for all of its UMPPs...

Reliance Power Limited (R-Power) has approached the Central Electricity Regulatory Commission (CERC) to revise the tariff of all of its 3 Ultra Mega Power Projects in the country. Tilaiya UMPP According to the company, the cost of Rehabilitation & Resettlement (R&R) has been increased seven fold from Rs. 530 Crores...

Su-Kam and Tata Power signs MoU for roof-top solar projects for its consumers...

Su-Kam Power Systems Ltd, has signed a Memorandum of Understanding (MoU) with Tata Power Delhi Distribution (TDPPL) to offer its subscribers exclusive rates for rooftop solar projects, Under the MoU, the subscribers and employees of TDPPL can avail exclusive discounts on Su-Kam's Solar PV Modules, roof top solar systems and other...

NPCIL's 6000 MW nuclear project receives recommendation for CRZ clearance from Gujarat Coastal Zone Management Authority...

Nuclear Power Corporation of Indian Limited's (NPCIL) proposed 6,000 MW nuclear power project at Mithivirdi, Bhavnagar District in Gujarat has received recommendation for Costal Regulatory Zone (CRZ) approval from Gujarat Coastal Zone Management Authority (GCRZMA). The proposed nuclear power project will be having six Light Water...

Ramoji Group's newspaper to develop 6.5 MW Captive Solar Project for its printing presses...

Eenadu, the Telugu Newspaper owned by Ramoji Group, has planned to put up a 6.5 MWp Solar PV Project for the captive consumption of its printing presses. According to the company officials, the Proposed Project will be having ground mounted structure with tracker system and will generate around 12,289,500 units of clean solar electricity...

MERC issues order on compliance of RPO by Captive & Open Access Consumers...

Maharashtra Electricity Regulatory Commission has issued an order for the compliance of Renewable Purchase Obligations (RPO) by Captive user & Open Access Consumers in the state of Maharashtra. Brief details of the order are as follows: The Order covers only enforces the Captive Users and Open Access Consumers...

August 5, 2013

TNERC issues consultative paper for determining tariff of solar projects...

Tamil Nadu Electricity Regulatory Commission (TNERC) has issued a consultative paper for determining tariff of solar projects and invited comments by 31st Aug 2013. The commission came out with a proposed tariff structure to provide guidance to those opting for solar power in line with the TN Solar power policy 2012 which envisages...

Subscribe to: Posts (Atom)