Bid Results of 250 MW Punjab Solar Tender - Indiabulls, ACME, Solaire Direct, Azure bag contracts

 

Crocus Infra of the Indiabulls group, Delhi-based ACME, French company Solaire Direct, and the American firm, Azure Power, are among those to have won mandates to put up solar power projects in Punjab.

The Delhi-based ACME group has won rights to put up 74 MW solar power projects in a bidding process put through by the Punjab Electricity Development Agency (PEDA). It has won 24 MW bidding a tariff ofRs. 7.16 a kWhr and another 50 MW for Rs. 7.06 kWhr.

The group will put up these projects with an investment of Rs. 600 crore and the electricity will be sold to the state distribution company at these tariffs.

With this, ACME’s total solar projects under development in the country have crossed the 700-MW-mark.

• Crosus picked up 78 MW (24 MW for Rs. 7.42; 50 MW for Rs. 7.56 and 4 MW for Rs. 7.45).
• Solaire Direct got up 54 MW (for Rs. 6.88)
• Azure Power 28 MW (24 MW for Rs. 7.19 and 4 MW for Rs. 7.33)

PEDA had issued a tender to buy solar electricity from 250 MW of projects. The total capacity was divided into three categories, with maximum bid-able capacity of 24 MW, 50 MW and 5 MW by a single company under each category. ACME won the highest allowed in the first two categories.

This is the second tender of PEDA. The first was in 2013, when the state selected companies to build 300 MW of solar power projects. Then, 27 companies won mandates to put up solar plants of 251 MW and sell electricity at tariffs arrived at through the bidding process. Back then, all but four of the 27 quoted tariffs higher than Rs. 8.24. Of the four, only two, of 2 MW each, were below Rs. 7.50, one of them Rs.7.47 and the other Rs. 7.20.

Punjab is a state of 50,000 sq km land, home to 27.7 million Punjabis. The state enjoys solar radiation of 5-5.5 kWhr/metre square per day.

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250 MW solar projects awarded to 26 players by punjab government

 

Government of Punjab has awarded Solar Projects to 26 private players for 250 MW capacity which will be having investment requirement of around Rs. 2,500 to 3,000 Crorers. 

 

Some of the players to whom the projects awarded are Lanco Solar Energy, Punj Lloyd Infrastructure, Moser Baer Clean Energy, Essel Infra Projects, Asopus Infrastructure (an India Bulls company), Welspun Solar, Azure Urja etc.

 

These Projects are awarded in two categories (i) Category I having project capacity of 1 to 4 MW (ii) Category II having project capacity of 5 to 30 MW. Under Category 1, 50 MW capacity has been awarded to 18 companies and Under Category II, 200 MW capacity has been awarded to 11 companies.

Complete list of all the selected bidders are depicted below:

250 MW Solar Projects under Solar RfP
Developer's Name	Project	Capacity (MW)	Tariff (Rs./Unit)
Category II: 5 to 30 MW
Azure Urja Pvt Ltd	Project - 1	15	7.67
Azure Urja Pvt Ltd	Project - 2	15	7.97
Solairedirect Energy India Private Ltd		20	7.99
Welspun Solar Punjab Pvt. Ltd.	Project - 1	20	8.33
Welspun Solar Punjab Pvt. Ltd.	Project - 2	10	8.42
Punj Lloyd Infrastructure Ltd		20	8.49
Moserbaer Clean Energy Limited	Project - 1	15	8.52
Moserbaer Clean Energy Limited	Project - 2	15	8.63
Asopus Infrastructure Limited	Project - 1	10	8.58
Asopus Infrastructure Limited	Project - 2	20	8.66
Essel Infraprojects Ltd	Project - 1	10	8.65
Essel Infraprojects Ltd	Project - 2	20	8.70
Lanco Solar Energy Private Limited		10	8.74
Total		200	8.41
Category I: 1 to 4 MW
WAA Solar Pvt. Ltd	Project - 1	2	7.20
WAA Solar Pvt. Ltd	Project - 2	2	7.47
T R Energy & Agro Private Limited		2	7.75
International Switchgears Pvt. Ltd		1	7.75
Aditya Meda Sales Ltd.		4	7.85
Shan Solar Pvt. Ltd		1	7.89
Supreme Infrastructure India Ltd		4	8.25
Azure Urja Pvt. Ltd		4	8.28
SAR Capital Pvt. Ltd		4	8.29
Focal Energy Wind India Pvt. Ltd		4	8.30
Atma Powers Private Limited		2	8.41
Allianz Group LLC		2	8.45
Nexgen Solex Pvt. Ltd		1	8.45
I K Energy Pvt. Ltd		1	8.48
Asopus Infrastructure Limited		4	8.49
Abundant Ventures LLC		2	8.55
Welspun Solar Punjab Pvt. Ltd		2	8.56
Mokia Green Energy Pvt. Ltd		4	8.59
Earth Solar Pvt. Ltd		4	8.70
Josan Foods Private Limited		1	8.71
Total		51	8.22

 

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Additional Reading...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/250-mw-solar-power-projects-awarded-to-26-private-players/articleshow/21281755.cms

http://www.eai.in/360/news/pages/10360

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CESC acquired 146 MW Hydro Projects at Arunachal Pradesh from Indiabulls…

CESC Limited, a group company of R.P.Sanjiv Goenka Group, has acquired Arunachal Pradesh based Pachi and Papu Hydro Power Projects from Indiabulls Group.

 

The combined capacity of these projects is around 146 MW and are located at Kameng District of Arunachal Pradesh.

• Pachi Hydro is a 56 MW Phangchung Hydro Electric Project
• Papu Hydro project is a 90 MW Project .

 

CESC is already having around 90 MW Hydro Power Project in Arunachal Pradesh in West Sian district. The project is under development and will be built across Siom River near village Jarong.

 

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More Literature on this topic:

• http://www.dealcurry.com/20120517-CESC-Acquires-Hydel-Projects-From-India-Bulls.htm
• http://www.infraline.com/newsdetails.aspx?t=1&n=1&h=3&dt=05_17_2012

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Jyoti Ltd received Rs. 100 Crs orders from Bhavnagar Energy Corporation, Neyvelli Lignite & Indiabulls Power…

Power India found that Baroda based Jyoti Ltd has recently bagged orders worth Rs. 100 Crs from various Power Sector companies such as Bhavnagar Energy Corporation, Neyvelli Lignite Corporation & Indiabulls Power for Sea Water Intake, Cooling Water & Outfall system applications. 

 

The Orders comprise of

• Rs. 53 crorers order from Bhavnagar Energy Corporation Ltd for 2 X 250 MW Lignite based TPP.
• Rs. 38 Crores from Neyvelli Lignite Corporation for 2 X 500 MW Tuticorin TPP
• Rs. 11.50 Crors from Indiabulls Power for 5 X 270 MW Sinnar TPP

 

In first two orders the scope of Jyoti includes supply of pumps in complex metallurgy of Duplex Stainless Steel suitable for Seat Water application.

 

While in third order the scope of work is Electro-Mechanical & Instrumentation works for Raw Water Intake System.

 

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More Literature on this topic:

• http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=546653
• http://www.moneycontrol.com/livefeed_pdf/May2012/Jyoti_Ltd_040512.pdf
• http://www.equitybulls.com/admin/news2006/news_det.asp?id=104182

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BEST to sign a long term PPA with Indiabulls for 300 MW…

Power India found that Brihanmumbai Electric Supply & Transport (BEST) is planning to enter into a long term Power Purchase Agreement (PPA) with Indiabulls Power Limited for 300 MW.

 

The move was considering the estimated exponential increase in power demand in Mumbai city over the next four-five years.

 

BEST is having a current PPA with Tata Power which was for 932 MW and at a tariff rate of Rs. 3.54 per unit is getting expired in 2016.

 

The BEST committee on Tuesday approved the signing of a power purchase agreement with Indiabulls Power for 300 megawatt. The firm will start supplying power from 2016.

 

As said by Mr. O. P. Gupta, General Manager, BEST said:

“Looking at the rate of development, we expect the power demand, catered by the BEST, to touch 1,300 megawatt by 2016. This will be the first time that we are buying power for the long term outside Tata Power”

The state government’s proposed Dharavi redevelopment plan and the construction of a business district in Wadala by the Mumbai Metropolitan Region Development Authority are likely to drive this growth in the demand for electricity.

 

“The projected demand for both these projects is 300 megawatts each, but it will take time for the projects to take shape and the demand to scale up. So we have gone with the assumption that put together, the demand from these two projects would be 300 megawatts by 2016,” Gupta said.

 

As per the agreement with Indiabulls, the company will supply power at Rs 3.42 per unit as the base price for 25 years.

 

BEST will start a fresh bidding process in 2013-end for a long-term supply of 1,000 megawatts, so that it has the capacity to cater to 1,300 megawatts by 2016.

“If we need power over and above that, we will go to the power exchange or buy it from the open market. However, the price in the open market is higher,” Gupta said.

Recently, BEST had purchased 50 megawatts for Rs 4.56 from the open market to make provisions for the peak demand during summer.

Meanwhile, the BEST has decided to hike salaries of its employees after discussions with the Sharad Rao-led union, which had called a flash strike last year.

As a result, BEST will shell out about Rs 350 crore as arrears from 2006 and bear incremental expenses of about Rs 140 to Rs 150 crore every year now on.

 

 

 

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MTSL 1980 MW Thermal Project at Raigarh - 8 companies in the race…

Spark Network found that around 8 power companies have bided for the 1980 MW Thermal Power Project of Maha Tamil Collieries. The project is proposed to be set up at Raigarh district of Chhattisgarh.

Eight power companies are known to have bid for the 1,980-Mw thermal power project of Maha Tamil Collieries, in Raigarh district of Chhattisgarh.

The list of the companies include Reliance Power, GVK, Lanco Infratech, GMR, L&T, Sterlite Energy, JSW Energy and Indiabulls Power. The cost of the project estimated at Rs. 15,000 Crore. The project being a pit-head will be located right at the attached coal mine. The mine, Gare Pelma – II produces 15 mt annual output and having reserves of around 768 million tonnes.

Maha Tamil Collieries is a joint venture company of the Tamil Nadu Electricity Board (TNEB) and the Mahrashtra State Mining Corporation, each an arm of their respective state governments. TNEB has 77 per cent of the equity and MSMC the rest. The JV will allow the successful bidder to use coal from the mine to put up the power capacity. The developer must, after satisfying obligations to the host state (Chhattisgarh), sell half the remaining power produced to the state electricity boards of Maharashtra and Tamil Nadu. The other half can be sold on a “merchant basis” though the two boards will have first right of refusal on these, too. And, any extra coal from the mine should be diverted back to the joint venture company.

The bid rules asked for companies with at least three years experience in mining 10 million tonnes in the past three years, either in India or abroad. Bidders who have been selected to develop a coal mine with geological reserves of 250 million tonnes are also qualified.

Spark Network believes that the bid qualifications are very strict and very few companies can qualify,  but the project has generated huge interest because it is one the biggest power projects seeking bids after the Tilaiya (in Jharkhand) ultra mega power project (UMPP) bids.

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Areva T&D bags Rs 1.5 billion order from Indiabulls for supplying generator transformers package for the latter's power projects in Maharashtra

 

Areva T&D India Ltd said on Wednesday it had bagged a contract worth Rs 150 crore from Indiabulls for supplying the generator transformers package for the latter's power projects in Maharashtra. The order for the two upcoming projects - at Nandgaonpeth, Amravati district, (5x270MW) and Sinnar, Nasik district (5x270MW) - would be executed by the second quarter of 2012. Under the terms of the contract, Areva T&D India will supply a power transformer package with 5x330MVA, 400kV generator transformers, 2x63MVA, 400kV station transformers, 10x20MVA unit transformers, including supervision of erection, testing and commissioning.

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