NHPC to join hands with private companies for development of hydro projects; planning to diversify into thermal,solar & Wind...

 

National Hydro Power Corporation is planning to join hands with private sector companies for the development of hydro power projects in the country and has held preliminary discussions with various independent power producers.

NHPC would be looking to partner with private players to develop green field hydro power projects where construction is yet to start. The plan also comes against the backdrop of many private players finding it difficult to move ahead with hydro projects.
      
Expression of Interest with detailed guidelines have been floated with regard to proposed partnerships with private entities.
      
Projects will be taken up only when promoters of private sector projects are willing to offer majority stake to NHPC. However, the planned 51% stake stipulation could be diluted since in certain projects, the respective state government itself would be holding at least 26% stake.
      
NHPC is also considering to diversify into thermal, solar and wind energy projects.

As part of diversification, the company would develop a 1,320 MW thermal power project along with Chhattisgarh Government in that state. It is also planning to develop grid connected 50 MW wind and 100 MW solar power projects.

Currently NHPC has an installed power generation capacity of 5,702 MW.

 

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More literature on this...

http://www.business-standard.com/article/companies/nhpc-plans-joint-ventures-with-private-players-for-hydel-projects-113100100229_1.html

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Nashik Industrial bodies to move to high court against the recent tariff hike of 25% by MSEDCL...

 

Industrial Corporation of Nashik are planning to move to High Court against the recent power tariff hike of up to 25% by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) and to launch launch awareness drives against the hike among farmers, consumers, traders and entrepreneurs.

The decisions were taken during a joint meeting of office-bearers of Nashik Industries & Manufacturers' Association (NIMA), Ambad Industries and Manufacturers' Association (AIMA), Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) and Nashik Industrial Cooperative Estate ( NICE).

According to the NIMA president, the MSEDCL has hiked power tariff in the range of 14-25% without taking industrial associations and consumer forums in confidence. This sudden power hike has been imposed on farmers, consumers and industrialists.

Hence, all the industrial associations across the state have decided to move to HC against the hike.

The written petitions are to be filed in Mumbai, Nagpur and Aurangabad benches of the HC by the electric panel of experts of all the industrial associations.

Currently the effective power tariff for industries in Maharashtra is Rs 10.05 per unit, which is higher than any other state in the country. Power tariff is Rs 3.3 per unit in Goa, Rs 5.75 per unit in Karnataka, Rs 6.5 per unit in Andhra Pradesh, Rs 5.75 per unit in Gujarat, Rs 5.25 per unit in Chhattisgarh and Rs 6.75 per unit in Madhya Pradesh.

 

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More literature on this...

http://timesofindia.indiatimes.com/city/nashik/Industrial-bodies-to-move-HC-against-power-tariff-hike/articleshow/23330584.cms

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DoD appoints five merchant bankers for Rs. 7,700 Crore Stake sale program of Power grid...

 

For the proposed stake sale of Power Grid Corporation of India, the Department of Disinvestment (DoD) appointed five merchant bankers – Citigroup Global Markets, ICICI Securities, Kotak Investment Banking, SBI Capital Markets and UBS Securities.

The merchant bankers will aide the government in Rs. 7,700 Crore stake sale program.

According to sources, nine bankers, including Axis Capital, Barclays Capital, HSBC Securities and IDBI Capital, had shown interest early last week and submitted their bids for the proposal.

The Government intends to dilute 4% (18.51 crore shares) of its existing equity paid-up capital and, in addition, issue fresh shares representing 13% of the pre-issue equity (60.18 crore shares) in the state-owned electric utilities company, which could help the government fetch R7,725 crore at the current market price.

 

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More literature on this...

http://www.financialexpress.com/news/power-grid-stake-sale-dod-names-5-bankers/1176458

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