Adani Power bided for 6 of total 19 blocks under the second phase of coal block allocation process

 

Adani Power has submitted 11 bids for six of a total 19 blocks being auctioned under the second phase of the coal block allocation process

These blocks belong to Schedule-III of the auctioning process. With this, Adani becomes the largest bidder in the coal block allocation process, followed by Naveen Jindal's Jindal Steel & Power followed with eight bids, four each for two blocks.

The technical bids for these 19 blocks was opened on Sunday.

Adani has bid for the blocks, which are about-to-produce mines and has no end use infrastructure specified. 

Several coal blocks have received tremendous response in terms of bidding. Gare Palma-IV/8, with a capacity of 107 million tonnes, has 13 bidders in the fray, with four bids from JSPL alone. The block belonged to Jayaswal Neco. Utkal C coal blocks and Ganeshpur also saw high number of bidding.  

The e-auction will begin on MSTC portal from February 25 running till March 3.

Government has divided the coal blocks into two verticals - regulated and unregulated.

The regulated section will have reverse bidding and the end-use specified is power. For the unregulated sector, forward bidding model will be used.

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Jyoti Structures bagged orders worth Rs 582 Crs for transmission line projects

 

Gulf Jyoti International LLC Dubai, a joint venture of Jyoti Structures Ltd and Gulf Investment Corporation of Kuwait have secured several prestigious export and domestic orders for transmission lines.

 

 

The projects include

• Rs 310 crore order for 400 kv transmission line project in Sultanate of Oman,
• Rs 32 crore 400 kv transmission line project from DEWA (Dubai Electricity and Water Authority, Dubai and
• Rs 240 crore orders for various projects for fabrication and supply of transmission line steel structures.

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First Solar is planning to put up solar manufacturing facility in India

 

According to sources, US based renewable energy major First Solar is actively evaluating possibilities for setting up a solar modules manufacturing facility in India.

According to the company the move is to tap into the country’s growing renewable power market given the Government’s recent thrust on the sector.

However, the company hasn't yet made a decision as it depends upon how demand develops over the next several years.

As said by the Company

"We have continuously evaluated the possibility of putting manufacturing in India and there are many reasons that it might, at some point, be attractive. We need to see continuous and sustainable demand and we need to see visible demand into the future before it will justify the level of capital investment that is involved.”

During the RE-INVEST, First Solar has committed to to build projects to generate 5 GW of solar power in India by 2019.

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Andhra Pradesh signs MoUs for 4200 MW of Renewable Energy Projects and unveils policies for Solar & Wind Energy

 

Andhra Pradesh Government signed Memorandum of Understanding (MoUs for generation of 4,000 MW of wind power and 200 MW of hybrid power in the State during the first Renewable Energy Global Investors Meet and Expo (RE-INVEST).

Andhra Pradesh Government also policies for the wind and solar power projects. 

According to the State Government, around Rs 8.5 billion investment is expected in the transmission & distribution and a huge investment in solar power projects.

The State Government has assured the green energy investors speedy clearances, several exemptions, faster execution schemes, vast land bank, committed bureaucracy and political will for the effective and efficient development of Renewable Energy Projects in the State.

The State Government has proposed the investors to enter into tripartite agreements with the State Discoms and State Government.

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