NTPC's 50% gas based projects lying idle due to non availability of gas...

 

National Thermal Power Corporation's (NTPC) 2000 MW of gas based power generation capacity is lying idle due to non availability of fuel (gas).

The gas-based plants of the biggest power producer in India are running at 50% of their capacity of 4,000 MW due to lack of assured supply of gas.

NTPC requires around 17.35 million metric standard cubic meter per day (mmscmd) of gas for its 4,000 MW gas based power projects to run at 90% Plant Load Factor (PLF). However, it received only 7.93 mmscmd in the firs quarter of the current financial year which was significantly lower than the 13.08 mmscmd gas it received during the same period last year.

This has left almost 2,000 MW capacity to be idle which was equivalent to light up over 2 lakh households or around 500 shopping malls.

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Additional Reading...

http://www.dnaindia.com/money/1868909/report-ntpc-s-2000-mw-gas-capacity-idle

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Suzlon Energy posted net loss of Rs. 1059 Crores during Q1 of 2013-14...

Suzlon Energy Limited (SEL) has posted a net loss of Rs. 1059.0 crores for the quarter ended June 30, 2013 which was Rs. 849 crores for the similar period last year.

 

Performance of Suzlon, the world’s fifth largest wind turbine maker, was continue to be poor due to the rising forex losses and exceptional cost.

• Notional foreign exchange losses totaling approximately Rs 155 crore due to the extraordinary depreciation of the rupee against the US dollar and the euro.
• Exceptional costs for its restructuring program of Rs 136 crore
• Consolidated other income dropped significantly to Rs 11 crore from Rs 77 crore year-on-year.
• Consolidated income from operations also dropped 19 percent year-on-year (down 10 percent sequentially) to Rs 3,851.45 crore during April-June quarter.

However, company has managed to reduce the operational expenses by 31% compared to last quarter and brought down the working capital-to-sales ratio to 11.4% from 13.6% of last quarter.

Further, according to the company officials the non-critical asset divestment program continues to be on track.

As said by company, the consolidated group order book stood at 5.36 GW, approximately Rs 41,947 crore (USD 7.1 billion) in value, with an intake of 356 MW over Q1 FY14.

Click below to view the real-time stock prices of Suzlon Energy.

 

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Additional Reading...

• http://www.indiainfoline.com/Markets/News/Suzlon-Q1-net-loss-at-Rs10589mn/5748268449
• http://www.moneycontrol.com/news/results/suzlon-energy-q1-loss-widens-to-rs-1059-cr-sales-fall-19_929858.html

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Prime Minister inaugurates BHEL's Tamil nadu Plants; asks BHEL to take lead in solar energy development...

 

During the inauguration of Bharat Heavy Electricals Limited's (BHEL) manufacturing plants at Tamil Nadu, the Hon'ble Prime Minister asked the company to take a leadership role for the solar energy developments in Indian not only in terms of power generation but also for the development of solar technology.

The Hon'ble Prime Minister, today has dedicated to the nation the Rs. 1,000 Crore High Pressure Boiler Plant Unit-II,  a greenfield initiative and the Rs 300 crore power plant piping unit at Thirumayam set up by Bharat Heavy Electricals Limited at Tamil Nadu.  

As said by the Prime Minister, the addition of two new units  had taken the company's total manufacturing capacity to 20,000 MW. Further, with the area covered over 3 lakh square meters, BHEL's Trichy Complex is one the biggest in Asia.

During the inauguration speech for the said projects, the Prime Minister has said that as the BHEL is bestowed with bestowed with engineering expertise, manufacturing prowess and a commendable human resource base, it should not only take the lead in solar energy in terms of power generation but also in the development of solar power technology in India.

 

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Additional Reading...

http://www.business-standard.com/article/companies/pm-asks-bhel-to-take-lead-in-developing-solar-power-technology-113080200769_1.html

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Indian Government consider amendments in the Electricity Act 2003...

 

It seems that the Indian Government is considering to amend the Electricity Act 2003, which is the governing framework for the Indian Power Sector.

The Electricity Act has brought together laws relating to generation, transmission, distribution, trading of electricity etc.

However, amidst the crisis being faced by the Indian Power Sector, the Government seems to amend certain aspects of the Electricity Act. As per the government officials, the amendments will be mostly limited to the governance, accountability and implementation issues.

A high level advisory panel committee, headed by the Hon'ble Power Minister are looking into possible amendments needed in the Electricity Act and has already made various suggestions, including mechanism to pass through higher fuel costs to consumers.

One of the suggestions made by the committee is to have a formula which would ensure that variation in fuel and power purchase cost is recovered by the generators.

A change in the Act in this regard would help in clarifying the need for surcharge formula which at minimum covers various costs, including mix variance that are to be passed through to consumers in a reasonable time-frame.

Many power plants are facing issues related to rise in fuel costs, especially pricier overseas coal.

 

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Additional Reading...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/electricity-act-needs-changesrules-implementation-important/articleshow/21549797.cms

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ITC Ltd plans to develop 48 MW Wind Project at Andhra Pradesh...

 

ITC Ltd is planning to develop 48 MW of Wind Power Project with an estimated investment of Rs. 300 Crores.

As said by the company, the move is on the line of its efforts to increase the consumption from renewable energy and reduce the dependence on conventional energy.

Around 40% of the company's consumption is coming from renewable energy sources which are mostly located in the state of Tamil Nadu.

Currently, company is having wind projects portfolio of around 70 MW.

To increase the above mentioned percentage company is planning to add another wind project having 48 MW capacity at Andhra Pradesh.

 

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Additional Reading...

http://www.thehindubusinessline.com/companies/itc-to-raise-wind-power-generation-capacity/article4977565.ece

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UP Cabinet approves PPP Model in Power Transmission Projects...

 

Uttar Pradesh Cabinet has cleared the proposal of Uttar Pradesh Power Transmission Corporation Limited (UPTCL) regarding the Public Private Partnership (PPP) Model in Power Transmission Projects of the state.

According the UPTCL, it will now be able to invite competitive tariff based bidding for such projects.

In the first phase of development, the company will invite bids for the construction of 200 km lines in Agra, Mainur and Lalitpur Districts; estimated cost of the project shall be Rs. 2,000 Crores.

According the company officials, the bidding process would take around six months to complete.

State Government cabinet has also approved to stand government guarantee towards issuance of bonds and bank loans being taken by the power distribution companies under their financial restructuring program (FRP) approved by the Centre.

 

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Additional Reading...

http://www.business-standard.com/article/economy-policy/up-cabinet-clears-ppp-model-in-power-transmission-projects-113080100974_1.html

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Vikram Solar's modules passed PID Test conducted by TüV Rhineland...

 

Solar Modules produced by the Vikram Solar has been certified by the TüV Rhineland as resistant to PID (Potential Induced Degradation).

Vikram Solar is a Kolkata based leading solar module manufacturing company. Test on the modules manufactured by the company was conducted by TüV Rhineland at Germany for its resistance towards Potential Induced Degrading (PID).

The Potential Induced Degradation (PID) test measures the resistance of the solar modules to survive harsh field operational conditions, which potentially affect the performance of individual modules as well as the overall power output and efficiency of entire solar power plants.

During the test conducted by TüV Rhineland, the representative sample polycrystalline silicon modules of Vikram Solar were exposed to a negative voltage of 1,000 volt, at 60 deg C and 85% humidity for 96 hours in an environmental chamber as per ‘IEC 62804-Draft’ standard.

 

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Additional Reading...

http://www.indiainfoline.com/Markets/News/Vikram-Solar-Module-passes-PID-testa-at-T%C3%83%C2%BCV-Rhineland-Germany/5744659921

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Mytrah Energy withdrew its plan of acquiring TVS Energy's 59.75 MW Wind Energy Assets...

 

Mytrah Energy seems to have been withdrew its planned acquisition of 59.75 MW wind energy assets of TVS Energy.

Mytrah Energy along with some other companies were planning to acquire the wind energy assets of TVS Energy. However, recently it seems that Mytrah Energy has pulled out its bid from the race.

According to sources, the company has cited the reasons behind this are lack of visibility regarding regulatory approvals and certain unresolved due diligence findings.

However, according to company, the funds for the acquisition are still available and is currently evaluating some other projects and acquisitions.

As said by the company officials, the current installed capacity of wind projects is around 309.9 MW and another  238 MW of capacity addition is in pipeline and to come on stream by the year end.

 

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Additional Reading...

http://renews.biz/47379/mytrah-drops-59-75mw-india-deal/

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