Indian Power Sphere: February 2015

February 26, 2015

OPG Power to commission 300 MW power plant on 28th Feb

OPGS Power Gujarat Pvt. Ltd, a subsidiary of UK-based OPG Power Ventures Plc, will commission its 300 MW coal-fired power plant on Saturday at Bhadreswar in Kutch district of Gujarat, managing director and chief executive officer Arvind Gupta said in a press conference on Thursday. Work on the project, located in a special economic...

Mytrah Energy bagged 220 MW Wind Project from Andhra Pradesh Government

Mytrah Energy has bagged a 220 MW wind power project from the Andhra Pradesh government. The project will be installed in Kurnool district and is expected to be commissioned within next 18 months. Mytrah has built an operating portfolio of 543 MW across seven wind rich states in a span of four years. According to company,...

PGCIL seeks USD 500 Mn loan from World Bank to finance transmission projects for evacuation of Solar Power

Power Grid Corporation of India (PGCIL) has sought $500 million loan assistance from the World Bank for financing projects. Power Grid is engaged in building transmission projects across the country. It also provides consultancy services in the power sector. According to PGCIL, discussions are undergoing with the Ministry of Power...

Mytrah Energy secured Rs 853 Crs loan for its 150 MW wind projects

London-based Mytrah Energy Ltd has secured an Rs 853 Crs long-term loan from an unnamed Indian bank to finance 150 MW of wind projects. The company expects to completed the said capacity in the coming 12 months, before India's 2016 wind season kicks off. According to the company, the proposed capacity will be completed within 12...

Second round of coal auction to be held on March 4

The government has put off the second round of auction of 21 coal blocks to 4th March 2015 which was earlier scheduled to begin from 27th February 2015. The auction follows the Supreme Court decision last year to cancel allocation of 204 coal mines. So far the Government has already allotted 19 coal blocks in the first lot of coal...

Third Unit of NTPC’s Vallur TPP to start commercial operation

The third 500 MW unit of NTPC’s Vallur Thermal Power Plant will soon commence commercial operation. Tamilnadu’s share from this plant will be around 358 MW. The third unit has completed the mandatory 72 hours continuous full capacity operation between December 7 and 10 for achieving commercial operation declaration. However, the...

February 25, 2015

NTPC Board approves investment proposal of 1,320 MW thermal Project & 10,000 MW of Renewable Projects

NTPC board has approved the investment proposal for 1,320 MW thermal power project in Madhya Pradesh. The proposal involves setting up of Khargone Power Project in the State of Madhya Pradesh at an appraised current estimated cost of Rs 9,870 Crs. However, the approval is subject to Environment Clearance of Ministry of Environment...

UPERC issues draft regulations for solar rooftop & net metering

Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued draft regulations for solar rooftop and net metering called as UPERC (Rooftop Solar PV Grid Interactive System Gross / Net Metering) Regulations, 2015. As per the draft regulations, the eligible consumers can install rooftop solar systems under both gross & net...

Suzlon commissioned 350 Wind Projects in Brazil

Suzlon Group has commissioned wind energy projects having a total capacity of 350 MW in Brazil. This projects are located in the high wind states of Rio Grande do Norte and Ceara in Brazil. The installations include 150 wind turbine generators. These projects will contribute to reducing Brazil's carbon footprint by eliminating...

Implementation of Project for setting up of 15,000 MW of Grid-connected Solar PV Power plants through NTPC/ NTPC Vidyut Vyapar Nigam Limited under National Solar Mission

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the implementation of the scheme for setting up of 15,000 MW of Grid-connected Solar PV Power projects under the National Solar Mission through NTPC/ NTPC Vidyut Vyapar Nigam Limited (NVVN) in three tranches namely, 3000 MW under Tranche-l...

February 23, 2015

Avantha Group firm CG bags $20 million transmission infrastructure contract from Indonesia

Avantha Group company CG has bagged a $20 million (approximately Rs 124 Crs) contract from Indonesian firm PT PLN for setting up power transmission infrastructure around Indonesia. Under the contract, CG has to set up a total of 36 transformer bays around Indonesia. This project is being funded by IBRD - World Bank and is aimed at...

Lanco seeks restructuring of Rs 1000 crore loan of Andhra Pradesh power plants

Lanco Group has approached lenders for restructuring of Rs 1000 Crs debt of two of it gas based power projects in Andhra Pradesh and to reschedule the repayment till January 2018. It has also sought similar reprieve from lenders for some of its power plants under Reserve Bank of India's 5/25 formula. Lanco Kondapalli Power Limited...

Tata Power partners with Russian Coal manger for global energy sector opportunities

Tata Power has signed an initial agreement with Siberian Coal Energy Company (SUEK - Russia’s largest coal producer) for tapping opportunities in the energy sector. Both Tata Power and SUEK will cooperate on identifying and targeting opportunities in the energy sector in Russia and other geographies of common interest...

February 21, 2015

Punjab 250 MW Solar Tender Results

Punjab Energy Development Agency (PEDA), nodal agency of Punjab, has invited Request for Proposal (RfP) on December 24, 2014 for development of 250 MW Solar Projects in the State. The Projects were to be developed under following categories: Category–I: 50 MW Capacity (project capacity 1 MW to 4 MW) Category–II:...

ACME to develop 74 MW of Solar PV Projects with an investment of Rs 600 Crs in Punjab

ACME Group, India’s leading solar power player in India, announced that it has emerged as the largest developer for successfully securing 74 MW of solar PV power projects under the Punjab State Solar PV Tender of 250 MW capacities, issued by Punjab Energy Development Agency. As per the RFP document, ACME would be signing two PPAs...

Report on India’s Renewable Electricity Roadmap 2030—Toward Accelerated Renewable Electricity Deployment

The “Report India’s Renewable Electricity Roadmap 2030—Toward Accelerated Renewable Electricity Deployment” was released at the Renewable Energy Global Investors Meet & Expo (RE-INVEST 2015). The report was brought out by NITI Aayog with support of CII, Shakti Sustainable Energy Foundation and RAP (Regulatory Assistance Project),...

Outcomes of the Coal Auctions for the 17 blocks conducted as on 21 Feb 2015

The Government has initiated fresh auctions of coal mines following a court cancellation of all previous licences and the initial bidding suggests companies are keen to secure supplies as the economy improves. So far, 17 blocks have been allotted till 21st Feb 2015 with one remaining which will be alloted on 22nd...

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