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November 4, 2013

Ensupra Solar Founders Launch a Company in India...

 

Ensupra Solar in India

Ensupra Solar founders have ventured into Indian solar and other renewable energy market by forming a company, Ensupra India Private Limited.

The company has its head office in New Delhi and it will provide its product throughout the country. It has started production of durable lighting for the Indian rural sector where the electricity is not available.This eliminates the need for costly kerosene or candles, creating more disposable income for the families.

Ensupra India aims to create socioeconomic growth by distribution solar lights and other solar products, assembled in the country and catered to the needs of villagers who have no access to electricity.

Subsequent to the lighting project, the company plans to launch other solar products for semi-urban areas where there is electricity grid, but the utility power is off most of the time. There is need for 'Energy Sufficiency' in these small towns. The power cuts are more prominent during summer months. The homeowners in these small towns get the power from community generator at higher cost. Generators have huge operating cost because of the rising fuel prices, resulting in high electric rate.

Also, the pollution from fumes and noise around the homes becomes intolerable for the local residents. Ensupra India plans to play a key role in making the homes sufficient in energy by implementing advanced solar technologies.

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Solar Industries India declares interim dividend of Rs. 5 for 2013-14...

 

Solar Industries declares dividend

The Board of Directors of Solar Industries India Ltd at its meeting held on October 28, 2013, has considered and approved the interim Dividend of Rs. 5.00 per share.

The Board has approved the transfer of Unpaid Dividend amount lying in Final Dividend Account (2005) due for refund to Investor Education and Protection Fund (IEPF).

November 15, 2013 has been fixed as the Record Date for the purpose of Payment of Interim Dividend. The payment of Dividend will be made on or after November 20, 2013.

Shares of Solar Industries India Ltd was last trading in BSE at Rs.983.05, down by Rs.11.95 or 1.20%. The stock hit an intraday high of Rs.999 and low of Rs.976.05.

The total traded quantity was 0.12 lakhs as compared to 2 week average of 6275.

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CCI to take up Rs 35,000 crore stalled power projects...

 

CCI on power projects

Cabinet Committee on Investment, this week, is likely to take up two power projects worth over Rs 35,000 crore that have been long stalled due to environmental hurdles.

Power Ministry has sought CCI intervention on NHPC's Dibang project and Reliance Power's Tilaiya project.

"CCI may take up these projects in this week's meeting," a source privy to the development said.

The 3,000 MW Dibang hydro project has been stalled for a long time in the absence of environment and forest go-ahead. The estimated cost of the project is over Rs 15,000 crore.

The CCI may decide whether the private power producer Reliance Power's 4,000 MW ultra mega power project at Tilaiya in Jharkhand should be spared from the responsibility of providing non-forest land to compensate for the loss of forest land to be acquired for the project.

At present, only central government or public sector undertakings have exemption from the obligation to provide non-forest land under the Act.

This is Reliance Power's third UMPP. The company is also executing two more UMPPs -- Sasan ( Madhya Pradesh) and Krishnapatnam ( Andhra Pradesh).

UMPP is a big-size coal-based power plant with at least 4,000 MW capacity and is built at an approximate cost of Rs 20,000 crore.

CCI, headed by Prime Minister Manmohan Singh, aims to fast-track major projects and help boost investor sentiment.

Power Minister Jyotiraditya Scindia had earlier said that as many as 94 hydro power projects are languishing due to tardy progress at various levels in granting them clearances.

Once approved, they can generate 37,000 MW electricity. Hydro power contributes 39,623 MW of the total 2,25,793 MW capacity in the country.

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Talcher coalfield doubles evacuation capacity...

 

Talcher Coal mines

Talcher Coalfield has enhanced its capacity to load and evacuate 84 million tonnes (MT) of coal annually from the current year by making two more railway sidings operational here on Thursday. The facility will almost double its current capacity.

The sidings were inaugurated by MCL chief AN Sahay and Chief Operational Manager of East Coast Railway GD Brahma.

The total number of sidings at Talcher Coalfiled has now gone up to nine and henceforth, the coal rakes will not face cross movement in colliery areas. Earlier, the loading capacity at Talcher was 42 million tonnes.

Speaking to mediapersons here on Thursday, Brahma said with the addition of two sidings, not only 50 rakes can be loaded at the coalfield but also evacuated to Paradip port and other destinations.

Talcher Coalfield will undergo massive modernisation and double-lining to load more coal as per the needs of the nation, he added.

“We have also taken necessary steps to improve the capacity of Talcher-Paradip and other railway lines so as to evacuate maximum coal from Talcher. Auto signaling system is being installed on Talcher-Paradip track for the purpose,” said Brahma.

He further said since most of the coal go to Paradip for coastal shipment to the power houses in South and Western India, they intend to hike the rake dispatch capacity from Talcher to maximum 60 in coming years.

But the present capacity is enough for Mahanadi Coalfield Limited, added Brahma.

He, however, declined to comment on why Railway is not giving much importance to coal traffic and is neglecting the passenger services at Talcher station.

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APERC holds hearing on cross subsidy surcharge...

 

APERC cross subsidy surcharge

Power distribution companies in the state have asked the AP Electricity Regulatory Commission (APERC) to review its order of August 13, which made open-access consumers default on payment of cross subsidy, along with additional subsidy, and ask the commission to determine the cross subsidy surcharge on the basis of embedded method followed in the past.

Discoms and open-access consumers presented their arguments on determination of cross subsidy surcharge for 2013-14 before the commission at a public hearing on Friday.

APERC had determined cross subsidy surcharge and additional surcharge, under provision of the Electricity Act 2013, payable by open-access users, falling in the service areas of respective distribution licensees as ‘Nil’ for 2013-14 but said discoms were free to approach the commission afresh if they could assure 100 per cent power supply to all subsidising consumers for at least four months consecutively.

Discoms termed APERC’s conclusion as contrary to the law and the result of the omission of several vital aspects of the matter. Hence the hearing on Friday.

Open-access consumers, who constitute basically industries and commercial establishments and also called subsidising consumers since the cross subsidy paid by them helps in giving power on subsidy to farmers and others, argue that since discoms are not able to assure continuous power supply they need not pay the cross subsidy and additional subsidy. Discoms argue that such an argument is flawed and cross subsidy surcharge is a compensatory surcharge.

Telengana Electricity Employees JAC convener Raghu said there are two types of open-access consumers. One, who usually take power from discoms but go to other sources only when discoms fail to supply the required. The others are those who have never drawn power from discoms but pay cross subsidy and additional subsidy under Electricity Act.

Now, after APERC order on August 13, the second type of open-access consumers too stopped payment of the cross subsidy and additional subsidy which Raghu says is not proper and they should continue to pay as before.

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HERC slaps Rs 4 lakh penalty on 2 discoms, MDs...

 

HERC slaps penalty on Discoms

In an exemplary move, the Haryana Electricity Regulatory Commission (HERC) has slapped a fine of Rs 1 lakh each on two power distribution companies (discoms) and their managing directors (MDs) for allegedly misguiding it in their annual revenue report (ARR) for 2010-11. The proceedings, conducted on Thursday, have also put a scanner on the short term purchase (STP) of the two discoms.

The two-member commission comprising Tej Singh Tewatia and Rohtash Kumar announced the decision during a public hearing called by HERC to finalise the ARR submitted by Uttari Haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN). The proceedings were conducted at the commission's office in sector 4 of Panchkula, which saw a marathon session of arguments by Anurag Aggarwal and Vijayander Singh, the MDs of UHBVN and DHBVN respectively. Nevertheless, the duo — senior IAS officers — was categorically directed to pay the fine from their personal accounts.


The hearing began with the MDs presenting their ARR and inviting the ire of Tewatia, who said both the companies have added loses of around Rs 7,634 crore for 2008-09 and 2009-10 in the report prepared for year 2010-11. "With this, they have tried to misguide the commission. As far as short term purchases are concerned, the electricity was bought at the rate of Rs 10 per unit at a time when it was easily available for Rs 2.50 per unit. It really calls for a probe. Secondly, this cannot be added as fuel surcharge account (FSA), as mentioned in ARR," he said. He went to the extent of claiming that he suspected goof-ups in deals which were very much within the knowledge of the chief minister and the power minister.

This was besides various concessions announced by the government's move offering certain relaxations to fisheries, horticulture and women consumers announced by Haryana government, attracted the commission's ire.

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Nuclear power needed to slow global warming: Experts...

 

nuclear power

Some of the world's top climate scientists say wind and solar energy won't be enough to head off extreme global warming, and they're asking environmentalists to support the development of safer nuclear power as one way to cut fossil fuel pollution.

Four scientists who have played a key role in alerting the public to the dangers of climate change sent letters Sunday to leading environmental groups and politicians around the world. The letter, an advance copy of which was given to The Associated Press, urges a crucial discussion on the role of nuclear power in fighting climate change.

Environmentalists agree that global warming is a threat to ecosystems and humans, but many oppose nuclear power and believe that new forms of renewable energy will be able to power the world within the next few decades.

That isn't realistic, the letter said.

"Those energy sources cannot scale up fast enough'' to deliver the amount of cheap and reliable power the world needs, and "with the planet warming and carbon dioxide emissions rising faster than ever, we cannot afford to turn away from any technology'' that has the potential to reduce greenhouse gases.

The letter signers are James Hansen, a former top Nasa scientist; Ken Caldeira, of the Carnegie Institution; Kerry Emanuel, of the Massachusetts Institute of Technology; and Tom Wigley, of the University of Adelaide in Australia.

Hansen began publishing research on the threat of global warming more than 30 years ago, and his testimony before Congress in 1988 helped launch a mainstream discussion. Last February he was arrested in front of the White House at a climate protest that included the head of the Sierra Club and other activists. Caldeira was a contributor to reports from the Intergovernmental Panel on Climate Change, Emanuel is known for his research on possible links between climate change and hurricanes, and Wigley has also been doing climate research for more than 30 years.

Emanuel said the signers aren't opposed to renewable energy sources but want environmentalists to understand that "realistically, they cannot on their own solve the world's energy problems.''

The vast majority of climate scientists say they're now virtually certain that pollution from fossil fuels has increased global temperatures over the last 60 years. They say emissions need to be sharply reduced to prevent more extreme damage in the future.

In 2011 worldwide carbon dioxide emissions jumped 3 percent, because of a large increase by China, the No. 1 carbon polluting country. The US is No. 2 in carbon emissions.

Hansen, who's now at Columbia University, said it's not enough for environmentalists to simply oppose fossil fuels and promote renewable energy.

"They're cheating themselves if they keep believing this fiction that all we need'' is renewable energy such as wind and solar, Hansen told the AP.

The joint letter says, "The time has come for those who take the threat of global warming seriously to embrace the development and deployment of safer nuclear power systems'' as part of efforts to build a new global energy supply.

Stephen Ansolabehere, a Harvard professor who studies energy issues, said nuclear power is "very divisive'' within the environmental movement. But he added that the letter could help educate the public about the difficult choices that climate change presents.

One major environmental advocacy organization, the Natural Resources Defense Council, warned that "nuclear power is no panacea for our climate woes."

Risk of catastrophe is only one drawback of nuclear power, NRDC President Frances Beinecke said in a statement. Waste storage and security of nuclear material are also important issues, he said.

"The better path is to clean up our power plants and invest in efficiency and renewable energy."

The scientists acknowledge that there are risks to using nuclear power, but say those are far smaller than the risk posed by extreme climate change.

"We understand that today's nuclear plants are far from perfect."

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India seeks sovereign payment guarantee from Pakistan ahead of gas deal...

 

India Pakistan Gas deal

India has sought from Pakistan sovereign payment guarantees before it can sign a contract to export natural gas through a pipeline from Punjab. Stateowned gas utility GAIL India plans to initially supply five million standard cubic meters per day of gas to Pakistan through a 110-km pipeline from Jalandhar to international border near Atari.

But before GAIL enters into a gas supply contract with a Pakistani firm, New Delhi wants Pakistan to provide payment guarantees, sources privy to the negotiations said. Five rounds of negotiations have been held between the two sides and it has been found technically feasible to export gas from Punjab into Lahore.

Besides sovereign guarantees, India wants sureties for three months payment and advance termination commitments, they said. GAIL plans to import gas in its liquid form, called liquefied natural gas (LNG), on a port in Gujarat or Maharashtra. After converting this again into gaseous state, it is proposed to transport the gas through cross-country pipeline network to Jalandhar. From Jalandhar, a 110-km line is proposed to be laid to international border near Atari.

Pakistan wants to import gas from India to meet its rising energy deficit. Initially, it wants to take 1-1.5 MT of LNG. Pakistan faces huge power deficits and its electricity generation capacity at about 20,000 MW is less than India's generation capacity from renewable energy sources like wind. Sources said pipeline exports to Pakistan are being looked upon as mode for testing viability of an energy pact with the neighbouring nation as a precursor to India importing gas through Turkmenistan-Afghanistan-Pakistan-India pipeline.

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