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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BSES Discoms ask for 25 perc hike in tariff for power being supplied in Delhi

 

BSES Discoms of Delhi, BSES Rajdhani Power Ltd (BRPL) & BSES Yamuna Power Ltd (BYPL), has submitted to the Supreme Court that they were in an unviable financial position and demanded for a 20-25% hike in power tariff to bridge their revenue gap.

 

 

According to BYPL & BRPL,

• major portion of the revenue was being spent in purchasing electricity from the government-owned power generating companies
• the firms were denied "cost reflective tariff" from the regulator (DERC).
• BSES Rajdhani Pvt Ltd started with opening overdues of Rs 2,847 crore in January 2014 and by January, 2015, the closing overdues went up to Rs 3,965 crore.
• Similarly, BSES Yamuna Power Pvt Ltd (BYPL) started with opening overdues of Rs 2,394 crore in January 2014 and by January 2015, the closing overdues was Rs 3,590 crore.

BSES Yamuna Power Pvt Ltd (BYPL) and BSES Rajdhani Pvt Ltd (BRPL), which owe money to various power generating PSUs including NTPC and NHPC, had moved the court seeking various reliefs including a direction that the power supply to them should not be cut by the PSUs for ensuring uninterrupted supply in Delhi.

However, Delhi Electricity Regulatory Commission (DERC), opposed the plea of the private discoms saying they have "buffered up" the losses.

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Inox Wind signs MoU for 700 MW Wind Power Project with Gujarat

 

Inox Wind has signed a Rs 4,500 crore preliminary agreement with Gujarat for setting up a 700 MW wind power plant in the state.

The MOU will be implemented over next 2 years in 3 districts of Gujarat - Rajkot, Amreli and Kutch.

According to the company, it had an order book of 1,258 MW as of December 31. Inox's customers include Green Infra, Continuum Wind Energy, Tata Power, Welspun Energy, Bhilwara Energy, ReNew Power Ventures, Hero Future Energies and a subsidiary of CESC.

In Madhya Pradesh, it is setting up an integrated wind turbine manufacturing facility.

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Mytrah Energy received contract for 220 MW Wind Power Project by AP Government

 

Mytrah Energy ltd has received 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 in 18 months.

Mytrah energy currently has an operating portfolio of 543MW across seven wind rich states.

In addition, the company has 300MW projects under construction and 3,500MW of identified projects in the pipeline.

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Results of E-Auction for 8 Schedule II Coal Mines

 

The Tender Process for the Scheduled II 23 coal mines was started on December 27, 2014 with the release of Tender Documents. As a part of auction process, Technical Bids, both online bids and offline supporting documents were opened on 3^rd February 2015 in the presence of Bidders.

In the first stage of the tender process, bidders submitted their technical bids on MSTC portal created for the purpose. Bidders were also required to submit separately a sealed envelope containing bank guarantee, power of attorney and the affidavit. The cut-off date for submission of technical bids was 12:00 noon, February 03, 2015.

The electronic bids were decrypted and opened electronically in the presence of bidders. Entire process was displayed on the screen for the bidders. Subsequently, sealed envelopes containing bank guarantee, power of attorney and affidavit were also opened in the presence of bidders. These bids has been evaluated by a multi-disciplinary Technical Evaluation Committee to shortlist bidders for participation in the electronic auction conducted on MSTC portal from February 14, 2015.

Results of the E-Auction are as below:

1. Talabira I : Rs 478/MT by GMR Chhattisgarh Energy Limited
2. Sial Ghoghri : Rs 1402/MT by Reliance Cement Company Private Limited
3. Sarisatolli : Rs 470/MT by CESC Limited
4. Belgaon : Rs 1785/MT by Sunflag Iron and Steel Company Limited
5. Kathautia : Rs 2860/MT by Hindalco Industries Limited
6. Marki Mangli III: Rs 918/MT by BS Ispat Ltd
7. Mandla North : Rs 2505/MT by Jaiprakash Associates Limited
8. Trans Damodar : Rs 940/MT by The Durgapur Projects Limited

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NTPC to invest $10 billion for building renewable projects

 

National Thermal Power Corporation (NTPC) is planning to invest around Rs 60,000 Crs (USD 10 billion) for development of around 10,000 MW of Renewable Energy Projects in the next five years.

As per the statement issued by the company, it will add 10,000 MW to its existing capacity of 43,143 MW through solar projects in the next five years.

NTPC currently has around 110 MW of renewable power projects.

Recently, NTPC signed a term loan agreement of Rs 10,000 Crs and Rs 2,000 Crs with state-run SBI and Bank of Baroda, respectively, for partially funding its capital expenditure.

It has also floated Notice Inviting Tender (NITs) for four solar projects of 250 MW each in Andhra Pradesh, Madhya Pradesh, Telangana and Rajasthan and one 500 MW project in Andhra Pradesh.

The first 250 MW Solar project in Anantapur in Andhra Pradesh is expected to be awarded by the end of next month.

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Avantha Group firm CG bags Rs 119 crore order from NTPC

 

Avantha Group company CG has received a contract from NTPC for design, manufacturing and supply of Generator Step-Up Transformers for its largest capacity 800 MW super-critical thermal power plant at Darlipali in Odisha.

The approximate order value is Rs 119 Crs and is scheduled to be completed in thirty-two months.

The USD 4-billion Avantha group has business interests in diverse areas, including pulp and paper, power transmission and distribution equipment and services, food processing, farm forestry, chemicals, energy, infrastructure, information technology (IT) and IT-enabled services.

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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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