BHEL received a contract for ESP Package for Solapur project…

BHEL has recently received a contract for supply and installation of Electrostatic Precipitator (ESP) Package for 1320 MW Solapur Thermal Power Project in Maharashtra.

 

BHEL's scope of work in the contract involves design, engineering, manufacture, supply, and erection and commissioning of the complete ESP package.

The ESP shall be manufactured at BHEL's Ranipet plant, while the High Voltage Rectifier Transformers will be supplied by the company's Jhansi plant.

 

BHEL's Power Sector - Western Region will be responsible for erection and commissioning of the ESP.

 

 

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More Literature on this topic:

• http://zeenews.india.com/business/news/companies/bhel-bags-contract-for-solapur-power-project_47997.html
• http://www.business-standard.com/india/news/bhel-bags-contract-for-1320-mw-solapur-power-project/165510/on
• http://www.indiainfoline.com/Markets/News/BHEL-bags-contract-for-Solapur-Supercritical-Thermal-Power-Project/5421292261

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NTPC awarded Rs. 1.75 Bn order to ABB for developing two substations in Maharashtra…

NTPC has awarded an order worth Rs. 1.75 Bn to ABB Ltd to build two substations at Solapur and Mauda in Maharashtra.

 

The proposed substations will strengthen the grid of western region and facilitate transmission of electricity from new power generation plants being constructed in the region.

 

The substations will include

• 17 bays of 400 kilovolt (kV)  and 14 bays of 132 kV  in Solapur
• 12 bays of 400kV and 8 bays of 132kV in Mauda.

 

ABB’s turnkey project scope comprises the design, engineering, supply, installation, commissioning and associated civil works for the substations. The project is scheduled for completion in 2016.

 

NTPC has also awarded the construction of substations at Mauda (Stage-I), Gandhar and Nabinagar to ABB recently.

 

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More Literature on this topic:

• http://www.indiainfoline.com/Markets/News/ABB-bags-order-from-NTPC/5421922198
• http://www.infraline.com/News/Bharat-Heavy-Electricals-Bags-Ntpc-Contract-For-Equipment-Supply/1/3/1/05_21_2012.htm

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Coal India expects to complete the FSA signing within 15 days from now…

Coal India is expecting to resolve the fuel supply agreement (FSA) deadlock in next two weeks and enter into agreements with all the proposed power plants by first week of June 2012.

 

CIL has prposed to enter into an FSA with 48 power plants which are commissioned between April 2009 and December 2011. Currently around 14 private and public companies have signed  long term FSAs with CIL.

 

However some of the companies are still to sign agreement out of which the public sector power major NTPC is one of them.

 

NTPC is not willing to sign the new FSA proposed by CIL and want certain changes in the same. Out of which the prominent are:

 

• To have similar penal and force majeure conditions as was in the pacts signed till March 2009.
• Removal of the stricter force majeure clauses passing the buck on the buyer even for CIL's failure to procure spares and others.

 

However, despite the refusal of FSA signing by NTPC and few others, already some major companies have either initiated the process of signing FSAs or have already entered the pact.

 

These include Lanco, Reliance Power, CESC Ltd and Bajaj Energy.

 

Adani Power, which requires supplies for nearly 1500-2000 MW, is yet to enter into a pact.

 

 

 

 

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More Literature on this topic:

• http://www.thehindubusinessline.com/companies/article3439563.ece?homepage=true&ref=wl_home
• http://www.infraline.com/News/Coal-India-Hopes-To-Resolve-Fuel-Supply-Agreement-Deadlock-In-Next-Two-Weeks/1/5/1/05_21_2012.htm

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CIL to supply coal to NTPC even without the FSA…

As said by Coal India Ltd (CIL) Chairman & MD Mr. Narsing Rao, the NTPC will continue to get coal supply even if it has not signed FSA with CIL as the Government has directed CIL to extend the coal supply even though the MoUs are expired in March 2012.

 

NTPC is not willing to sign the FSA proposed by CIL due to various issue related to minimum supply level, penal provisions etc.

 

CIL in the previous year had supplied 36 million tonne of coal to NTPC and in the current fiscal the projected requirement was 90 million tonne based on 80 per cent supply.

 

There was also payment dues of close to Rs 400 crore at end of April over differences in Gross Calorific Value (GCV) based formulae of coal. However as said by Mr. Rao, NTPC will be clearing some of these dues in due course of time.

 

According to CIL, the main cause of quarrel between CIL & NTPC on FSAs is the recent GCV based formulae proposed by the Government. It seems that NTPC want to have the Useful Heat Value system instead of the current GCV system.

 

However as said by Mr. Rao, the system has been changed by the government and so CIL does not have any choice. Further according to him, CIL's FSA agreement would not be diluted in the wake of reservations from certain power producers including NTPC to sign FSAs.

 

The coal ministry has also not received any formal refusal for signing the agreements with NTPC plants.

 

The FSAs to be signed by NTPC are mostly for additional units completed till 2011 at the existing power stations for which pacts have already been entered.

 

 

 

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More Literature on this topic:

• http://economictimes.indiatimes.com/news/news-by-industry/energy/power/ntpc-will-get-coal-even-without-fsa-for-2012-13/articleshow/13314452.cms
• http://www.financialexpress.com/news/ntpc-will-get-coal-even-without-fsa-for-201213/951653/
• http://www.infraline.com/News/Ntpc-Will-Get-Coal-Even-Without-Fsa-For-2012-13/1/4/1/05_21_2012.htm

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GAIL plans 100 MW wind projects after commissioning 4.5 MW in Gujarat…

Gas Authority of India Ltd (GAIL) is planning to develop 100 MW Wind Project in various states such as Tamil Nadu, Karnataka and six other states at a cost of around Rs. 620 Crores.

 

The move came from the initial results of 4.5 MW wind power project in Gujarat. 

 

 

The company is setting up another 14 MW WEG project in Gujarat partly for captive use in the State and part;y for sale to the State utility. “GAIL is also in the process of setting up a 100 MW WEG project in Karnataka and Tamil Nadu for commercial use. The wind potential states such as Andhra Pradesh, Gujarat, Kerala, Madhya Pradesh, Maharashtra and Rajasthan are also on the radar of GAIL to expand its presence in the wind energy sphere,” according to an internal plan document of the company.

 

It says, the increasing prices of fossil fuel and the growing concern over global warming due to green house gases (GHG) emissions by fossil fuel-based power generation, have led to interest around the world for harnessing renewable sources for power generation. “Based on the current trend in prices of wind mills along with associated activities, the cost of the proposed 100 MW wind energy project of GAIL is estimated at around Rs.620 crore. The initial projects in Tamil Nadu and Karnataka are envisaged to be commissioned during 2012-2013,” it states.

 

Out of the total project cost, the company intends to invest Rs.248 crore (or 40 per cent of the project cost) as equity and the balance Rs.372 crore is proposed to be met through finance from banks or financial institutions. The rate of interest for getting finance for this project for a period of eight years with a moratorium period of two years is likely to be around 10.25 per cent per annum.

 

The project is envisaged to have optimised combination of wind turbine generators (WTGs). Power from WTGs in the wind farm shall be generated at low voltage and stepped up to 33 kV or other suitable voltage.

 

All the eight states have a wind power policy in place where the period of power purchase agreement (PPA) ranges from 10 years to 20 years.

 

Apart from being environmentally-friendly, the wind energy projects will generate employment for the local stakeholders.

 

 

Source: The Hindu

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ONGC to foray into the hydro power projects…

It seems that the Oil major, Oil & Natural Gas Corporation (ONGC) is planning to foray into hydro power projects by expanding the scope of ONGC-Tripura Power Company Ltd (OTPC).

 

ONGC Tripura Power Company Ltd is sponsored by Oil and Natural Gas Corporation (ONGC), Infrastructure Leasing and Financial Services Limited (IL&FS) and Government of Tripura (GoT) for implementation of 726.6 MW CCGT thermal power project at Palatana in Tripura to supply power to the power deficit areas of North Eastern states of the country. ONGC, IL&FS and GoT have entered into a Shareholders’ Agreement (SHA) on September 18, 2008 for subscribing to the equity of OTPC.

 

Current scope of  OTPC include a 726.6 MW Combined Cycle Gas Turbine (CCGT) power plant close to the gas fields of ONGC in the state of Tripura along with an associated power transmission system from the project site to Bongaigaon in Assam.

 

The proposed foray into hydro power was indicated after a meeting between ONGC chief Sudhir Vasudeva and Uttarakhand chief minister Vijay Bahuguna here last evening.

 

As said by Mr. K S Jamestin, ONGC’s Director-Human Resource, ONGC is interested in developing small hydro projects which are run-of-the-river projects as well as environment-friendly. ONGC is considering for the expansion of OTPC and exploring the possibility of developing hydel projects in this regard.

 

After the meeting, Bahuguna asked the power department to prepare a blue print for all those power projects which has received clearances from the union ministry of forests and environment.

 

Faced with acute paucity of funds, Uttarakhand has been trying to attract private players in the hydropower sector by offering joint ventures with Uttarakhand Jal Vidyut Nigam, the state-run power generation company. The sector received a severe jolt after the Centre scrapped several big hydro projects including NTPC’s 600 MW Lohari Nagpala project on Bhagirathi river on environmental and religious grounds.

 

 

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More Literature on this topic:

• http://www.business-standard.com/india/news/ongc-ready-to-foray-into-hydropower-sector/474754/

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Moser Baer plant to restructure Rs. 1800 Crorers debt…

Moser Baer has revised its corporate deb restructuring plan to Rs. 1,800 Crorers from the earlier planning of Rs. 739 Crores.

 

As said by the Moser Baer, the company is considering restructuring of debt as it looks to strengthen its abilities to leverage future opportunities in the growing sector.

The current debt restructuring of Rs. 1,800 Crores of term debt is almost half of the total debt of Rs. 3,500 Crores.

 

Rapidly falling prices of solar panels and components has also impacted the profitability of solar cell makers, with companies like Solar Millennium and Solon SE filing for bankruptcy.

 

Moser Baer is also in discussions with banks for refinancing its outstanding Foreign Currency Convertible Bonds (about $88.5 million as nominal value).

 

Banks are positive about the company's future plans and Moser Baer is looking forward to speedy completion of the debt restructuring and thereafter, to consolidate business and cash flows

 

The company narrowed its loss for the quarter ended March 31, 2012 to Rs 59.60 crore from a loss of Rs 131.20 crore in the same quarter last year.

 

Total income from operations increased to Rs 462.33 crore in the reported quarter from Rs 458.95 crore in the year-ago period.

 

The company is bullish on the solar industry as the global PV market is forecast to witness substantial growth on account of higher installations anticipated in key markets such as the US, Germany and China.

 

According to the The industry witnessed a 76 per cent year-on-year growth in PV installations during 2011, as per a EPIA - Global Market Outlook 2016 report.

 

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More Literature on this topic:

• http://economictimes.indiatimes.com/news/news-by-industry/energy/power/moser-baer-plans-to-restructure-over-rs-1800-crore-term-debt/articleshow/13312468.cms
• http://files.epia.org/files/Global-Market-Outlook-2016.pdf

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UJVNL to have JV with Jharkhand SEB for a 2,000 MW Thermal Power Plant…

Recently, Uttarakhand Jal Vidyut Nigam Ltd (UJVNL) has approached Jharkhand State Electricity Board to explore the possibility of forming a Joint Venture (JV) for a 2,000 MW Thermal Power Plant in Jharkhand.

 

A series of closures of big hydro projects has prompted Uttarakhand to now explore the possibility of setting up a thermal plant outside the hill state.

 

The approximate  investment for the project is around Rs. 12,000 crore.

 

For the  of purpose of exploring the possibility of JV with Jharkhand SEB, UJVNL’s managing director G P Patel visited to Ranchi for talks with top officials of Jharkhand SEB.

 

Uttarakhand chief secretary Alok Kumar Jain also wrote a letter to the union coal ministry, requesting for allocation of coal blocks.

 

With the hydropower sector taking a beating owing to closure of a series of big hydro projects, the UJVN, having an installed capacity of 1,306.25 Mw, has already entered into a joint venture with GAIL to set up two gas-power plants at Kashipur and Haridwar.

 

Also, an investment of Rs 2,500 crore is proposed in the two plants with a capacity of 350 Mw each.

 

The state run power generation company is also looking for a capacity addition target of 582 Mw (2 large and 18 small hydro projects) by the end of 12th Plan, aggregating the installed capacity of the company to 2,608 Mw.

 

 

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More Literature on this topic:

• http://www.business-standard.com/india/news/power-project-uttarakhand-for-jvjharkhand/474883/
• http://powerbase.in/uttarakhand-develop-jv-based-hydel-projects/

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Rajathan’s 200 MW bids of Solar Projects getting postponed…

According to a latest circular on the website of Rajasthan Renewable Energy Corporation (RREC), the last date of receiving of bids for the recent Solar PV and Solar Thermal (CSP) project have been postponed till further notice.

 

The postponement has been applied to the below mentioned Request for Specifications (Rfs).

• Rfs/PV 10/RREC/6
• Rfs/Themrmal 50/RREC/7
• Rfs/PV1/RREC/5

 

The combined capacity covered by above Rfs are around 200 MW out of which several solar PV projects with total capacity of 100 MW and two solar thermal projects of 50 MW each.

 

Though, the circular of RREC has not cited any reason for the postponement, it seems the delay may have something to do with the State’s ability to pay for the power.

 

The tariff applicable under the bid was Rs. Rs 10.12 per unit for “without accelerated depreciation” and Rs.8.85 per unit “with accelerated depreciation”.

 

As per Mr. Madahavan Nampoothiri, Founder & Director of RESolve Energy Consultants, “The delay is frustrating for all of us who have invested enormous amount of time and money in participating in the bidding process. We are hopeful that the Rajasthan officials will act fast to restore confidence in the state's solar policy.”

 

Solar project developers are upset because after the first phase of the National Solar Mission and the solar programme of Gujarat, there are no project offers in sight. Developers have recruited people in anticipation of projects and are waiting for work.

 

 

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More Literature on this topic:

• http://www.thehindubusinessline.com/industry-and-economy/economy/article3432445.ece
• http://www.eai.in/360/news/pages/4974
• http://natgrp.wordpress.com/2012/05/19/rajasthans-solar-programme-indefinitely-postponed/

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Mytrah on status of wind capacity additions…

Mytrah Energy has recently  provided an update on its capacity installations to London Stock Exchange, according to which Mytrah has increased its total installed and commissioned assets to 224.2 MW.

 

 

 

Out of the this below mentioned projects with the total capacity of 106.2 MW are fully commissioned

SN	Site	Capacity (MW)	State
1	Tejva	42.0	Rajasthan
2	Mahidad	25.2	Gujarat
3	Chakala	39.0	Maharashtra
Total		106.2

 

 

Further as reported by Mytrah below mentioned projects are almost on the verge of completion and will  be completed within 60 days.

SN	Site	Capacity (MW)	State
1	Kaladonger	96.6 (Earlier planned was 75.6 MW)	Rajasthan
2	Jamanvada	52.5	Gujarat
3	Vajrakarur	63	Andhra Pradesh
4	Sinner	18.9	Maharashtra
Total		231.0

 

 

Some more projects are also into construction phase and most of the clearances received and supply of turbines completed.

SN	Site	Capacity (MW)	State
1	Gotne	33.6	Maharashtra
Total		33.6

 

Some of the recent developments made by the company in its project portfolio.

 

• The Company has reduced the size of its project at Sinner in Maharashtra by 10.5 MW to 18.9 MW, from the previously announced 29.4 MW, and is replacing the project at Hanumanthappa, Karnataka (25.2 MW) with an alternative site. In order to partially offset this within the Company's portfolio, Mytrah Energy has increased the size of the project at Kaladonger, Rajasthan, by 21 MW, from 75.6 MW to 96.6 MW. 

 

• The Board believes that the ability to adjust its portfolio demonstrates one of the significant advantages of the Company's business model, as the turnkey nature of its contracts and the diversified nature of its project portfolio enables the Company to adjust the size of individual projects as circumstances change. In addition, and again due to the turnkey nature of its contracts, the Company does not incur an increase in the cost of the projects.

 

• The Maharashtra Electricity Regulatory Commission has recently increased its tariff from Rs. 5.37 per kWh to Rs. 5.67 per kWh for Wind Zone I for the projects commissioned in the year 2012-13. As said by Mytrah all three of the Company's projects under development in Maharashtra will benefit from this increase in tariff providing a significant increase in the overall return on these projects. In addition, the Company anticipates both Rajasthan and Andhra Pradesh to increase their tariffs in the near term. In light of an expected tariff increase in Andhra Pradesh, the Company intends to wait to continue the development of its first project with Gamesa at Burgula (79.9 MW), in order to benefit from the expected higher tariff.

 

• The Company is pleased with the progress at its sites and the Board is confident that Mytrah Energy is set to become the largest wind energy IPP in India over the next few months. In addition, the Company has now secured all the senior debt financing required for its projects under development, and is in the final stages of identifying the sites for its roll-out through 2012 and 2013. 

 

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More Literature on this topic:

• http://www.rechargenews.com/energy/wind/article313846.ece
• http://windturbineins.com/_blog/Wind_Industry_News_Roundup/post/Wind_Turbine_News_for_May_18,_2012/
• http://www.infraline.com/todaynews/Mytrah-Wind-Capacity-Target-Slips-As-Plans-Change-In-India/1/12/3/05_19_2012.htm
• http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11208397

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