Tata Power recorded consolidated net loss of Rs. 114.7 Crores in Q1 of 2013...

 

Tata Power has recorded consolidated net loss of Rs. 114.7 Crores in the quarter ended June-13 as against the profit of Rs. 145.9 Crores during the same period a year ago.

 

As said by the company the higher interest payment and forex loss has resulted in the poor financials of the company.

• Consolidated net revenue increased by 29 percent on yearly basis to Rs 9,292 Crore
• Earnings before interest, tax, depreciation & amortization (EBITDA) margin jumped 290 bps year-on-year to 21.7 percent
• Foreign exchange loss rose by 6.5 times to Rs 292.8 Crore during April-June quarter from Rs 45.2 Crore in corresponding quarter of last fiscal.
• Finance costs (interest payment) ballooned 64.3 percent year-on-year to Rs 902 Crore in first quarter. Finance cost includes Rs. 45 Crore being provision for interest on amounts which have not been deposited with the statutory authorities on account of disputes which are pending.
• Consolidated EBIT from power business doubled to Rs. 1,303.52 Crore from Rs 579.45 Crore Y-o-Y due to higher generation after commissioning of Mundra units, but EBIT of coal business (mining and trading) plunged nearly 63 percent on yearly basis to Rs 96.19 Crore during June quarter.
• On standalone basis, net profit increased to Rs 357 Crore from Rs 312.30 Crore and revenues rose to Rs 2,484.89 Crore from Rs 2,190.02 Crore Y-o-Y.

 

Click below to view the real-time stock prices of Tata Power.

 

 

---

More literature on this...

http://www.moneycontrol.com/news/results/tata-power-q1-loss-at-rs-115crinterest-cost-forex-woes_931177.html

---

Read More...

RPower approaches CERC seeking increase in tariff for all of its UMPPs...

 

Reliance Power Limited  (R-Power) has approached the Central Electricity Regulatory Commission (CERC) to revise the tariff of all of its 3 Ultra Mega Power Projects in the country.

Tilaiya UMPP

According to the company, the cost of Rehabilitation & Resettlement (R&R) has been increased seven fold from Rs. 530 Crores to Rs. 3,500 Crores over the original pre-bid estimated. The increase in project cost has led most of the lenders to doubt the bankability of the Project.

• Due to this it has asked the CERC to revise the tariff of its Tilaiya UMPP (Jharkhand) to RS. 2.25 per unit which is more than 25% increase from the bid price of Rs. 1.77 per unit.

Sasan UMPP

R-Power has also sought compensation from the government for the falling rupee and cost escalation due to increase in taxes and input costs for its 4,000 MW Sasan UMPP at Madhya Pradesh

Krishnapatnam UMPP

• Krishnapatnam UMPP in Andhra Pradesh, which is based on imported coal, is facing regulatory issues over rise in coal prices and water costs.
• R-Power has sought a revision in tariff after Indonesia increased coal prices.

 

---

More literature on this..

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/anil-ambani-led-reliance-power-seeking-tariff-increase-for-all-umpps/articleshow/21644640.cms

---

Read More...

Su-Kam and Tata Power signs MoU for roof-top solar projects for its consumers...

 

Su-Kam Power Systems Ltd, has signed a Memorandum of Understanding (MoU) with Tata Power Delhi Distribution (TDPPL) to offer its subscribers exclusive rates for rooftop solar projects,

Under the MoU, the subscribers and employees of TDPPL can avail exclusive discounts on Su-Kam's Solar PV Modules, roof top solar systems and other solar power back up solutions.

According to the company, the move will help Su-Kam to reach wider customer base of over 14 lakh customers of North & North West Delhi.

Earlier, Su-Kam has undertaken projects for Tamil Nadu Energy Development Agency, Assam State Electricity Board, Madhya Pradesh Forest Department, Loyola College of Chennai, Ashok Leyland etc.

The company has also undertaken a number of solar projects in Afghanistan, Nigeria, Malawi, Gabon, etc.

 

---

More literature on this...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/su-kam-to-offer-solar-installations-to-tata-power-consumers/articleshow/21647601.cms

---

Read More...

NPCIL's 6000 MW nuclear project receives recommendation for CRZ clearance from Gujarat Coastal Zone Management Authority...

 

Nuclear Power Corporation of Indian Limited's (NPCIL) proposed 6,000 MW nuclear power project at Mithivirdi, Bhavnagar District in Gujarat has received recommendation for Costal Regulatory Zone (CRZ) approval from Gujarat Coastal Zone Management Authority (GCRZMA).

The proposed nuclear power project will be having six Light Water Reactor of 1,000 MW capacity each.

The project is being set up at Mithivirdi which is around 40 km from Bhavnagar and is located on sea cost on the west side of Gulf of Khambhat spread across 777 Hectare.

The GCRZMA after hearing representation from NPCIL decided to "recommend to the Ministry of Environment and Forests, Government of India to grant CRZ clearance for construction of intake, outfall facilities, jetty and Desalination plant for the proposed Project.

Based on this, the CRZ clearance shall be received from Ministry of Environment and Forests (MoEF).

 

---

More literature on this...

http://www.business-standard.com/article/economy-policy/gujarat-recommend-npcil-s-nuclear-power-plant-for-crz-clearance-113080500672_1.html

---

Read More...

Ramoji Group's newspaper to develop 6.5 MW Captive Solar Project for its printing presses...

 

Eenadu, the Telugu Newspaper owned by Ramoji Group, has planned to put up a 6.5 MWp Solar PV Project for the captive consumption of its printing presses.

According to the company officials, the Proposed Project will be having ground mounted structure with tracker system and will generate around 12,289,500 units of clean solar electricity annually.

As said by the company, the solar projects for captive consumption shall not only guards businesses against increasing electricity prices, it also provides good investment opportunity. This shall be a key business model for solar projects in India because it doesn't depend on incentive schemes, has no restrictions on system sizes, has low level of bureaucracy and makes industrial customers independent from fluctuations in energy prices.

According to sources, the proposed project will be set up by the EPC Contractor Photon Energy Systems and will be completed by September 2013. It will be having around 25,720 panels from Norway based Renewable Energy Corporation (REC). 

 

---

More literature on this...

http://solar.energy-business-review.com/news/norway-firm-rec-to-supply-solar-panels-to-indian-newspaper-eenadu-050813

---

Read More...

MERC issues order on compliance of RPO by Captive & Open Access Consumers...

 

Maharashtra Electricity Regulatory Commission has issued an order for the compliance of Renewable Purchase Obligations (RPO) by Captive user & Open Access Consumers in the state of Maharashtra.

 

Brief details of the order are as follows:

• The Order covers only enforces the Captive Users and Open Access Consumers in the state of Maharashtra for Compliance of RPO.
• Above mentioned Obligated Entities are directed to fulfill their RPO targets for both Solar & Non Solar for all the four years i.e. from FY 2010-11 to FY 2013-14 cumulative before 31st March 2014.

• A Working Committee shall be formed which will focus on continuous monitoring of RPO compliance by a structured mechanism. The committee shall comprise of key officials from MERC, MEDA, MSLDC, PWD & Individual Consultants.

a. Mechanism for "Listing & Accreditation" of Obligated Entities

b. Mechanism for establishing the "Data Flow & Formats and Information Exchange

c. Compliance review on "Bi-monthly" basis

• Key responsibilities of MEDA:

a.    Submission of report on formation of Working Committee by 30^th September, 2013.
b.    Bi-monthly reporting to the commission on the development of RPO Mechanism.
c.     Quarterly update to the Commission on RPO Compliance by obligated entities.

• Every obligated entity has mandatorily submit “Monthly Reports over RPO Compliance" to MEDA.
  
• In case of non-fulfillment, penal mechanism as per the regulations stipulated in the MERC REC-RPO Regulations, 2010.

 

The said order will have positive impact on the struggling REC market in India for both Solar & Non-Solar segments and shall definitely improve REC market future in India.

 

Complete order by MERC is embedded below for further reading...

Read More...

TNERC issues consultative paper for determining tariff of solar projects...

 

Tamil Nadu Electricity Regulatory Commission (TNERC) has issued a consultative paper for determining tariff of solar projects and invited comments by 31st Aug 2013.

The commission came out with a proposed tariff structure to provide guidance to those opting for solar power in line with the TN Solar power policy 2012 which envisages setting up of 3000-megawatt (MW) solar plants by 2015.

Fixing of solar power tariff would make easier the proposal to set up power projects in the state as the project developers need not go through tendering proc­ess.

Stating that the capital costs of Solar generators are consistently falling down, TNERC has proposed to adopt a capital cost of Rs 7 crore per mega watt for SPV and Rs 11.50 crore per MW for solar thermal projects.

The consultative paper has proposed a separate tariff structure for the following categories of solar projects for a period of 25  years.

• Solar Thermal Projects: Rs. 8.34 per unit
• solar photovoltaic (SPV): Rs. 5.78 per unit
• Kilowatt scale rooftop solar power projects: Rs. 8.15 per unit

The parameters assumed while deriving the above stated tariffs are:

Tariff Components	Solar Photovoltaic	Solar Thermal	kW scale system
Capital cost	Rs. 7 Crores	Rs. 11.5 Crores	Rs. 1 lakh
Auxiliary Consumption	Nil	6%	Nil
CUF	19%	23%	19%
Operation and Maintenance expenses	1.1% of the capital cost with 5.72% escalation  after 1st year	1.1% of the capital cost with 5.72% escalation  after 1st year	1.1% of the capital cost with 5.72% escalation after 1st year
Life of plant and machinery	25 years	25 years	25 years
Term of Loan	10 years +1 yr Moratorium	10 years +1 yr Moratorium	10 years +1 yr Moratorium
Interest on loan	12%	12%	12%
Working Capital components	One month O&M cost and one month receivables	One month O&M cost and one month receivables	Nil
Interest on working capital	12.5%	12.5%	Nil
Return on equity	20% pre tax	20% pre tax	20% pre tax
Debt-equity ratio	70:30	70:30	70:30
Depreciation rate	3.6%	3.6%	3.6%

Apart from the tariff, the TNERC has directed TANGEDCO to provide detailed procedures covering the following issues related to Net metering , LT connectivity and Renewable Energy Certificates for the approval of the Commission:

1. Net metering:
   a) Standards and location of meters
   b) Tariff for excess generation/lapsed units
   c) Period of power credit
   d) Any other related issue
2. LT connectivity
   a) make and standards for inverters,
   b) harmonics standards,
   c) synchronization to the grid,
   d) safety/protection norms,
   e) norms for generator capacity versus connecting voltage etc.,
3. Renewable Energy Certificate to be issued to solar generators under the Policy
   a) Accreditation
   b) Issuance
   c) Trading

The complete consultative paper is embedded below:

Read More...

Sardar Sarovar Narmada Nigam to construct a 10 MW Canal-top Project on Narmada Canal in Gujarat...

 

Sardar Sarovar Narmada Nigam Limited (SSNNL) has decided to construct a 10 MW Solar PV Project on Sardar Sarovar Canal on river Narmada in Gujarat. 

The multi thousand km long canal network has been built to take irrigation water to the areas of Saurashtra & Kutch. Sardar Sarovar Narmada Nigam Limited is developing a 10 MW Solar Project on this canal with an estimated investment of around Rs. 120 Crores.

Last year a 1 MW Canal Top Project was developed in Gujarat on river Narmada, which was constructed near Kadi Taluka of Mehsana with an estimated expenditure of Rs. 17 Crores.

According to the government officials, the above pilot project was highly successful. Hence, the company has decided to replicate the same with a bigger project.

As said by the Government Officials, the proposed project would likely to come up in Vadodara District.

Solar panels covering around 10 km of the stretch will be installed atop the canal for generating power.

The canal-top project will do away with the need to acquire land for putting up the panels. It will also prevent evaporation of millions of liters of water from the canal.

The 10-MW plant will generate around 16 million units of electricity every year, which will be fed into the grid.

---

More literature on this...

http://www.dnaindia.com/ahmedabad/1868570/report-ssnnl-to-set-up-10-mw-solar-power-project

---

Read More...

World Solar Power Topped 100,000 MW during 2012...

World Solar Power Topped 100,000 Megawatts in 2012 (via sustainablog)

By J. Matthew Roney The world installed 31,100 megawatts of solar photovoltaics (PV) in 2012—an all-time annual high that pushed global PV capacity above 100,000 megawatts. There is now enough PV operating to meet the household electricity needs of…

---

Read More...

Sanofi contracted with Suzlon for installation of 2.1 MW windmill for the captive consumption of Ankleshwar facility...

 

Suzlon Energy Ltd has received a contract from Sanofi India for installation of wind mill for the captive consumption of the compaly.

Sanofi contracted with Suzlon for installation of 2.1 MW windmill for the captive consumption of Ankleshwar facility...

Sanofi is a multinational healthcare products manufacturing company having presence in India. The company has manufacturing plants at Ankeshwar (Gujarat) and Goa.

The Ankleshwar site which is one of Sanofi's three GMP (Good Manufacturing Practices) compliant manufacturing units in India,  produces solid dose formulations and active pharma ingredients (API).

Between its two facilities at Goa and Ankleshwar, Sanofi has the capacity to manufacture 8.5 billion tablets annually.

Sanofi is one of few healthcare companies in the country exploring the use of renewable energy sources for its manufacturing operations. In 2012, Sanofi's Goa manufacturing site started using biomass from agro waste to generate energy. In addition to creating employment for local villagers, the biomass project helped reduce the site's steam cost as well as its dependence on fossil fuel.

According to sources, the company has contracted with Suzlon Energy, largest domestic wind turbine supplier, for supply and installation of a 2.1 MW Wind Mill which will be used to cater the captive consumption of the Ankleshwar manufacturing plant.

As said by the company, being a global healthcare leader, it believes in reducing its carbon footprint and using energy responsibly as part of its mission to help protect life on this planet.

 

---

More literature on this...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/sanofi-inks-pact-with-suzlon-for-captive-power-plant/articleshow/21625434.cms

---

Read More...