Indian Power Sphere: 11/20/13

November 20, 2013

Kerala Cabinet okays Solar Energy Policy...

The Kerala Cabinet has approved a Solar Energy Policy that seeks to raise installed capacity of the solar sector to 500 MW by 2017 and 1,500 MW by 2030. The mission is to contribute to long-term energy security of the State well as ecological security by reduction in carbon emissions. Chief Minister Oommen Chandy told newspersons...

MahaVitaran can scrap Mundra project PPA citing unviability...

Maharashtra cabinet on Wednesday gave its approval to the state-run Maharashtra State Electricity Distribution Company (MahaVitaran) to repudiate its power purchase agreement (PPA) with Coastal Gujarat Power Ltd (CGPL), an arm of Tata Power if the power drawal from Mundra ultra mega power project (UMPP) becomes unviable at any point...

Lack of financing for new power projects a big concern: KPMG

The absence of funds for new power projects is an area of big concern and should be dealt with seriously, according to a report. "A big concern today is a lack of financing available for new projects. The 13th plan (2017-22) requires Rs 1.27 lakh crore of private sector equity and the project pipeline looks weak, and if we don't...

Good FII response to Coal India, IOC stake sale, say bankers...

The Indian government’s disinvestment drive is set to get a boost with at least three big ticket divestments lining up in the next few weeks. Bankers say they have received good response to the road shows held abroad for Coal India, Indian Oil and PowerGrid. Of this, Coal India will be the first to hit the market with a 5% dilution...

BHEL says Slackness in large infra projects pose challenges...

State-owned BHEL, which is focusing on a multi-pronged strategy to boost business, has said slackness in large infrastructure projects and stagnation in domestic power sector are posing challenges. Bharat Heavy Electricals Ltd (BHEL), a USD 9 billion engineering and manufacturing enterprise, is grappling with tough business environment...

Tata Power commissions additional transmission line in Maharashtra...

Tata Power, country's largest private power utility today said it has commissioned additional transmission lines in Maharashtra. Tata Power announced the commissioning of additional transmission lines in Maharashtra between Kalwa and Salsette, the company said in a statement. The transmission line will relieve critical loading...

Indian solar market: Forecasting a better 2014 after a lackluster year...

According to sources around 420 mw of projects missing commissioning dates and with this India is not likely to register any significant year-over-year installation growth for 2013, even as global solar market is forecasted to grow 20%. It has been a quiet year for the Indian solar sector, with installations at 900 mw so far this...

CIL invites applications from entities for coal import...

State-owned Coal India Ltd (CIL) has invited applications from interested state entities for importing coal that would be supplied to power plants. "(CIL invites) NIT (Notice Inviting Tender) for selection of agency from government department or government owned company or public sector entity for supply of imported coal to purchaser...

GMR’s 1370 MW Raikheda thermal power project nearing completion but awaiting coal linkage yet...

GMR Chhattisgarh Energy Pvt Ltd’s (GCEPL) 2X685 MW Raikheda thermal power project in Raigarh district in Chhattisgarh is nearing completion but the company has not yet received coal linkage for the project. According to GCEPL the project is 85% complete and in all probability it will be operational by April 2014. GCEPL has spent...

US-based EnerSys acquires remaining 49.5% stake in Energy Leader Batteries...

EnerSys, an international player in stored energy solutions for industrial applications, has acquired the remaining shares in the Indian joint venture company Energy Leader Batteries India Pvt Ltd for an undisclosed amount, the company said in a release. Energy Leader Batteries is a manufacturer of a range of industrial batteries...

New order on reporting nuclear incidents for Nuclear Energy Operators issued by AERB...

Amid debate over safety of nuclear installations, a new order has been issued to operators to report "extraordinary nuclear events", including radiation and leakage of radioactive material, to the atomic regulator within 24 hours of the incident. Seeking to remove any confusion, the order makes it clear that the reporting of the...

ICRA reaffirms ratings for bank facilities of Alstom Bharat Forge Power Limited...

ICRA has reaffirmed the long-term rating outstanding on Rs. 1350 crore long term loans of Alstom Bharat Forge Power Limited (ABFPL) at [ICRA]BBB+ (pronounced ICRA triple B plus). ICRA has also reaffirmed the short-term rating outstanding on Rs. 1890 Crores non-fund based limits of ABFPL at[ICRA]A2+ (pronounced ICRA A two plus))....

Report: Large Scale Grid Integration of Renewable Energy Sources - Way Forward

A detailed report on the recommended methodology for the effective integration of Renewable Energy Projects with the Grid has been published by Central Electricity Authority. Summary of the same is depicted below. Renewable generation from wind and solar has increased substantially during past few years and forms...

Around 55,000 MW capacity projects are on anvil in Tamil Nadu...

Massive expansion of thermal generation capacity to the tune of over 55,000 mw is on the anvil in Tamil Nadu. Though power cuts in the state are not uncommon, they come at a time when the demand for power is abysmally low; this shows the extent of the power crisis. Failure to augment capacity of thermal power stations in the state...

SAIL seeks change in thermal coal mine allocation rule to PSUs...

Anticipating its captive power needs to nearly double in 2-3 years, SAIL wants existing rules for thermal coal block allocation to be amended so as to make government firms without power purchase agreements eligible. The country's largest steel maker now requires around 1,000 MW power to fire its five integrated steel plants. This...

Gundia Hydel Project in Karnataka faces obstacles due to the recent reports on western Ghats conservation...

The proposal to set up Gundia hydel power project of 200 MW capacity faces a bleak future with the Karnataka State Pollution Control Board (KSPCB) incorporating Dr K Kasturirangan Committee’s report on Western Ghats conservation retrospectively from April 17 this year. The fate of former chief minister D V Sadananda Gowda’s proposed...

Bhushan Steel's 256 MW thermal plant in Orissa was set without pollution control board permission...

The Orissa State Pollution Control Board (OSPCB) has said the Bhushan Steel Limited (BSL) set up a 256 MW power plant on its premises without its permission. During an inspection on Monday, an OSPCB team found BSL was running the plant "clandestinely". The pollution watchdog said the board had on May 6 rejected BSL's application...

Coal block allocations to 11 companies including tata, jindal & Monet ispat may be revoked...

Nearly a dozen companies including Tata Sons, Jindal Steel & Power, Birla Corp and Monnet Ispat & Energy are likely to lose captive coal mining licences for delaying development of the blocks. An inter-ministerial group has recommended revoking the licences of 11 mines with over 4.5 billion tonnes of reserves in states...

IL&FS's 3,600 MW Thermal project in Tamil Nadu delayed...

The 3,600-megawatt thermal power project of Infrastructure Leasing and Financial Services' power arm in Tamil Nadu, a hugely power-starved state, has been delayed by a year-and-a-half on execution issues, forcing a sharp escalation in cost and a ratings downgrade. One half of phase one of the project - constituting 600 MW split...

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