Tata to commission second unit of Mundra UMPP by August; will increase the coal imports…

Power India found that Tata Power Limited is expecting to commission  second unit (800 MW) of  its 4000 MW Ultra Mega Power Project (UMPP) at Mundra Port, Gujarat by end August 2012.

 

Tata Power is developing a 4000 MW UMPP at Mundra in the state of Gujarat which comprises of 5 Coal Fired Super Critical units of 800 MW. Tata Power bagged the Mundra project in 2007 on the basis of the lowest tariff bid of Rs 2.26 a unit, but a change in the coal pricing policy in Indonesia has upset the cost structure of the project.

First unit of this project has been commissioned in March 2012 and with that the said UMPP was country’s first UMPP to start generation.

 

Mr. Anil Sardana, Managing Director, Tata Power has told the reporters during the CII conference that, the company is expecting to commission the second unit by August 2012.

 

Further, Mr. Sardana said that work is progressing on vary fast track basis for the remaining three units of Mundra UMPP and that it was committed to commission them with a time gap of four to five months between the units.

 

The Project when commissioned will supply power to various states such as Gujarat, Maharashtra, Rajasthan, Haryana & Punjab. The Project will utilise the imported coal with the super critical boiler technology which is environment friendly as per the company officials.

 

However, currently the project is using 50% of low grade coal and 50% of normal grade coal.

In the current fiscal, Tata Power expects to import 15 million tonnes coal, which would be utilised for Mundra and Trombay projects, Sardana said. The company imported about 5.5 million tonnes coal in 2011-12.

 

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More Literature on this topic:

• http://economictimes.indiatimes.com/news/news-by-industry/energy/power/tata-power-likely-to-commission-mundra-ummp-second-unit-in-august/articleshow/12996161.cms
• http://www.thehindubusinessline.com/companies/article3384193.ece
• http://coalspot.com/news/512/tata-power-to-commission-2-units-of-mundra-umpp-by-feb-2012/310

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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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Gamesa to set up wind turbine manufacturing plants in Chennai & Baroda…

Power India found that Gamesa Corp. Tecnologica SA Spanish Wind Turbine Manufacturer which is at no 8 in the world and no 2 in Europe has announced that they are going to open a third factory in India which will be in Chennai.

 

As per the news article on Wall Street Journal, Gamesa is  planning to spend around Rs. 2.0 Billion; so far they have invested around Rs. 5.50 Billion for factories in India.

 

The proposed manufacturing plant will be used to produce the G9X-2.0 MW series of turbines.

 

Gamesa is also building  two facilities in the western city of Vadodara to manufacture wind-turbine parts.

 

As said by Gamesa:

India is a key emerging market for Gamesa, Europe's second-largest wind-turbine manufacturer by market value after Vestas Wind Systems A/S (VWDRY), as it is facing a slump in demand in its traditional markets of the U.S. and Western Europe which are hurt by an economic slowdown.

Gamesa sold 8% of its turbines in Spain last year, compared with 39% three years earlier. Its largest markets now are China and India.

 

Gamesa got 20 percent of its sales in India last year and expects that share to climb, targeting 711 megawatts in sales by the end of December, according to Kymal (Chairman, India unit)

 

Recently, Games has got a 150 MW Contract from Myrah Energy Ltd which is the part of long term strategic relationship of 2000 MW by 2016.

 

As captured by Bloomberg; competition among turbine makers in China has grown amid a supply glut, putting pressure on prices as manufacturers seek to contain costs. India has now become the wind industry’s largest growth market by volume after China tightened project approvals and Europe and the U.S. reined in financing amid burgeoning debt, the Global Wind Energy Council said last month.

 

India is focusing on harnessing more energy from sources such as wind as it aims to reduce its dependence on fossil fuel.

 

The country's installed renewable-energy capacity is about 24 GW and the government aims to increase it to 50 GW by 2020.

 

India is the world's fifth-largest wind energy market. Wind-energy accounts for nearly three-fourths of the country's total renewable-energy capacity.

 

 

 

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More Literature on this topic:

• http://webfarm.bloomberg.com/news/2012-05-03/gamesa-plans-new-wind-turbine-factory-in-india-s-chennai.html
• http://www.thehindubusinessline.com/companies/article1520383.ece
• http://online.wsj.com/article/BT-CO-20120503-712291.html

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Patent application filed by Chennai based Raghu Nathan for reactive power management in wind turbine applications…

Power India found that Chennai based Valagam Rajagopal Raghunathan has applied to the Controller General of Patents, Designs & Trade Marks for his invention regarding reactive power management for wind turbine applications.  

 

The application was filed to Controller General of Patents, Designs & Trade Marks on June 21, 2010 with the application number 1716/CHE/2010. The international classification number is F03D.

 

This invention relates to electrical power generation and in particular to reactive power management in an asynchronous generator wind turbine without the usage of capacitor banks for the power factor and excitation maintenance.

 

Further, the invention concerns with a system for generating the required reactive power from a separate built in power source to maintain self excitation and to sustain the operation without usage of any physical capacitor banks switching with the generator lines within the predefined operation conditions (changes in wind speed, load).

 

The system generates the required reactive power from a separate built in power source to maintain the power factor to the optimum level for higher efficiency without any separate capacitor banks switching in the generator power line.

 

A control system which monitors whose input signals are generator's rotor speed, load, excitation voltage and provide necessary relative power to the SEIG is taken from a DC source through controlled IGBT drivers.

 

The pulse width modulation (PWM) of the IGBT is controlled by varying the modulation index by the control system, and the feed back for the reactive power required based on the charge accumulated on the DC side of the IGBT inverter.

 

The proposed design system monitors the wind speed, local load requirement, grid availability and accordingly manages the power distribution for optimum usage of the power produced by the wind turbine,

 

This system is used to work as a standalone wind turbine without grid power to provide electrical power for devices like pump, heaters, etc or with the grid power connected where the generated power is exported fully/partially after usage of the local loads like pump, heater, etc. or with grid power connected, when there is no sufficient wind energy is available to supply power from grid to the local loads like pump, heater, etc.

 

 

 

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More Literature on this topic:

• http://www.power-eng.com/news/2012/05/02/indian-applicant-files-patent-application-for-reactive-power-management-for-wind-turbine-application.html
• http://ipindia.nic.in/ipirs1/patentsearch.htm

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GMR moved to Supreme Court for non-payment of Rs. 600 Crs by Tamil Nadu Electricity Board…

Power India found that GMR Power Corporation Private Ltd has filed a case against Tamil Nadu Electricity Board (TNEB) for non-payment of tariff invoices amounting to around Rs. 600 Crs from the 200 MW Diesel Based Power Project at Basin Bridge.

 

GMR had entered into a power purchase agreement (PPA) with TNEB in September 1996 for setting up a 200 MW Diesel Power Plant at Basin Bridge of Chennai.

 

The infrastructure company had also entered into a fuel supply agreement with HPCL in December 1996 for purchase of low sulphur heavy stock fuel for its diesel engine based power plant and onward sale of power to the electricity board.

 

GMR had a dispute with the state electricity board with respect to PPA, land lease rentals among others.

 

GMR had earlier filed a petition against non payment of invoices by TNEB to Tamil Nadu Electricity Regulatory Commission in the year 2008.

• Tamil Nadu Electricity Regulatory Commission by its order dated April 16, 2010 had allowed the claims of GME and directed TNEB to pay approximately Rs 480 crore with interest in six equal monthly instalments to the former.

 

However, thereafter TNEB has approached the Appellate Tribunal for Electricity.

• The Aptel wide its order dated February 28, 2012  had ruled in favour of GPC.
• Aptel ruled that reimbursements received by GMR from Hindustan Petroleum Corporation Ltd (HPCL) by way of fuel credits should be paid or set-off against dues payable by the Tamil Nadu Electricity Board (TNEB).

 

Recently, GMR has challenged the above petition into the Supreme Court.

• A bench headed by Chief Justice S H Kapadia has sought reply from HPCL as to whether such credit has been given by it gratuitously to GMR as claimed by the latter.
• However, it asked the parties to maintain “status-quo as far as inter-se adjustment is concerned.”

 

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More Literature on this topic:

http://courtnic.nic.in/supremecourt/temp/ac%203201-320212p.txt

http://aptel.gov.in/judgements/Appeal%20No.%20177%20of%202010.pdf

http://tnerc.tn.nic.in/orders/commn%20order/2010/DRP%20No.10%20of%202008.pdf

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Coal India seeks advice from PMO for the Fuel Supply Agreements with the power plants post January 2012…

Power India found that Coal India Ltd (CIL) is planning to seek advice from the Prime Minister’s Office (PMO) for signing Fuel Supply Agreements with the Power Plants which are commissioned after January 2012.

 

Currently CIL is signing FSAs with the power plants which are commissioned on or before December 2011.

 

However, the PMO had earlier asked Coal India to sign in FSAs with the power plants which have commissioned after April 2009 and which are to be commissioned by March 2015.

 

As said by Coal India Chairman

"We will ask the government on how to go about signing FSAs with plants that have come up after December 2011 and will be put up till March 2015. We will send our queries to the coal ministry which may take it up with the PMO's office,"

As of now plants that have already commissioned after December 2011 is being supplied coal on the basis of memorandum of understanding that was signed with Coal India. This will continue till FSAs are signed with these plants.

 

The CIL management is, however, not sure if the same of set of FSAs that it is signing with existing power plants can be used for the new ones or if it will have to prepare another set of FSAs.

 

More Literature on this topic:

http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/metals-mining/coal-india-to-seek-pmo-advice-on-fuel-supply-agreements-with-power-units/articleshow/12973836.cms

 

 

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DERC sanctioned Fuel Price Adjustment charges for TPDDL, BRPL and BYPL…

 

 

Power India found that the Delhi Electricity Regulatory Commission (DERC – Power Regulator of Delhi) has sanctioned the Fuel Price Adjustment (FPA) charges to three Distribution Companies (Discoms) of Delhi.

 

As per the notification posted on DERC’s website, the FPA Charges sanctioned to the Discoms are as under:

• Tata Power Delhi Distribution Ltd (TPDDL) / NDPL : 4.0%
• BSES Rajdhani Power Ltd (BRPL): 6.0 %
• BSES Yamuna Power Ltd (BYPL): 7.0%

 

Power India further found that TPDDL/NDPL, BRPL and BYPL has in the month of April 2012 have asked DERC to sanction FPA at the rate of 4.67%, 7.27% and 9.23% respectively.

However, DERC after reviewing the applications and other details have reduced the FPAs requested by the companies.

 

The above FPAs will be levied only on energy charges will be in effect from May 1 to July 31 for the period of 3 months.

 

 

More Literature on this topic:

http://zeenews.india.com/business/news/economy/power-bills-under-bses-to-go-up_46946.html

http://www.derc.gov.in/ordersPetitions/orders/Misc/2012/FPA%20For%20Qtr%20Jan-Mar,%202012.pdf

 

 

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Mines Department issued notices to 9 coal mines of MCL…

Power India found that the Mines Department had served notices to nine mega coal mines of Mahandi Coal Fields (MCL) for not updating the “Consent to Operate” from the State Pollution Control Board (SPCB).

 

The notices were served on nine out of 11 coal mines at Talcher Coalfield. The other two mines named Balaram and Talcher Colliery have valid consent.

 

As said by Deputy Director of Mines, BP Rath:

“The consent to operate nine mega mines expired on March 31 and according to the law, these mines cannot operate till the renewal of the consent from SPCB. Considering the bitter experience in Keonjhar iron ore mines, we cannot be a party to the delay in getting consent. Hence, closure notices were� served on these mines of MCL. The notices were served with the consent of the Director of Mines.”

 

However, the MCL Director A K Singh has described the action as “unwarranted and uncalled for” and said

“Though the consent to operate has not been renewed after the expiry on March 31, the earlier consent is valid as we have applied for the renewal to the SPCB on time. Since our application has not been rejected by the SPCB, the consent stands valid and there is no problem in running the mines as per the law. MCL has already paid all the dues to the SPCB for consent for five years in 2010. “If required then we will move the court against the notice,” he added.

 

SPCB Regional Officer SK Sahu said he had already inspected the mines and submitted a report to the board for further action.

 

 

Source: http://ibnlive.in.com/news/9-coal-mines-in-talcher-get-closure-notice/254421-60-117.html

 

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Promoters of Greenko Group increased their share holding in the company to 14.4%…

Power India found that two executive directors of Greenko Group PLC (Which is a listed entity on London Stock Exchange (AIM)) – Mr. Anil Chalamalasetty & Mr. Mahesh Kohli – by utilizing “Long Term Incentive Plan Option Award” have increased their combined shareholding by 6,798,924 new ordinary shares which is roughly 4.5% of the current share capital of the Group.

 

The said investment has been carried out by ACMK Enterprise Limited ("ACMK"), a company wholly owned by  Anil Chalamalasetty and Mahesh Kohli.

 

Brief profile of Greenko

• Greenko Group is one of India's fastest growing Independent Power Producers, focusing on developing clean energy assets in India to meet Indian's ever increasing demand for power.
• The group is listed on the London Stock Exchange's Alternative Investment Market (AIM), having its asset base in India.
• Currently the Group operates 183 MW of contracted capacity including 7 hydro, 6 biomass and 1 gas/liquid fuel based plant and has 628 MW of licenses under various stages of development.
• Greenko has created a de-risked portfolio through broad geographic presence, diversified clean technologies and multiple revenue streams such as long term power purchase agreements, short term merchant sales, power and carbon trading platforms. The group has acquired projects at various stages of project lifecycle and has successfully added value to these projects.
• Greenko aims to build a portfolio of clean energy assets of approximately 1000 MW generating over 3.5 billion units annually by 2014-2015.
  

 

The diversified projects’ list of the Group is as below:

 

 

Share Holding Pattern

 

• The combined holding of the two executive directors - Anil Chalamalasetty and Mahesh Kohli – through their holding entity ACMK Enterprise Limited has increased to 13.1 per cent stake as a part of fresh share issue under a long term management incentive plan announced in 2008.
• The promoters holding will further increase to 14.4 per cent after they bring in £5 million ($8.12 million), on or before June 28, 2012, as per a company disclosure. This is part of a larger equity fundraising issue worth £50 million ($81.3 million) announced last year.
• With this, the co-founders may become the largest shareholder in the company. The key shareholders of the firm as of September 2011 include Prudential Plc (12.6 per cent) and early investor Aloe Environment Fund (11.87 per cent). Other investors in Greenko include TPG Growth (8.57 per cent), Impax Asset Management (5.87 per cent) and Capital Group (6.27 per cent).
• ACMK also has a further 5.1 million options under 2010 scheme which are subject to a target of 500MW of operational capacity with suitable profit level and milestone related to share prices.

Acquisition Of Hydro Assets

In March, Greenko acquired two hydro power assets with combined 56 MW capacity for $57 million. The twin acquisition was funded through mix of existing cash reserves and project debt already in place.

 

One cluster of 32 MW in Himachal Pradesh is operational under long term power purchase agreement with local electricity board. The other 24 MW asset is located in Karnataka and is currently under development with completion targeted of 2014.

 

Greenko Group's Mauritius Unit had raised $70 million from Standard Chartered Plc in a structured deal in December 2011 before which it raised $50 million from GE Energy Financial Services for its wind energy business.

 

 

 

More Literature on this topic:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11187936

http://www.greenkogroup.com/business/

http://www.vccircle.com/500/news/greenko-group-promoters-hiking-stake-to-144

http://panchabuta.com/2012/05/02/greenko-group-promoters-hiking-stake-to-14-4/

 

 

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Mahindra Solar & Kiran Energy to get $26 Million from IFC for 50 MW of Solar PV Projects…

Power India found that the Mahindra Solar One Private Limited and Kiran Energy Ltd. are planning to get around $26 Million from the International Finance Corporation (Investment arm of the World Bank) for the three Solar PV Projects.

 

The list of projects:

The proposed project involves the construction of three greenfield solar power plants in Rajasthan, India

• a 20 MW solar photovoltaic (“PV”) plant wholly-owned by Mahindra Suryaprakash Ltd. (“Mahindra Suryaprakash”, a wholly owned subsidiary of Mahindra Solar One Private Limited (“Mahindra Solar One”), an existing IFC client).
  
• a 10 MW solar PV plant , also wholly-owned by Mahindra Suryaprakash.; and
  
• a 20 MW solar PV plant wholly-owned by Solarfield Energy Two Private Ltd. (“Solarfield Two”, a wholly-owned subsidiary of Kiran Energy Ltd. (“Kiran Energy”)
  

For evacuation of the power to the grid, existing transmission line (24km, 33kV) shall be used, which was commissioned in January 2012 as part of Mahindra’s 5 MW project and is now successfully evacuating power to the grid. Proposed Projects will therefore involve construction of only internal power transmission cables / lines up to the existing line.

 

The construction of the Projects is expected to commence in June/July 2012 and the power plants are expected to be commissioned in early 2013.

 

All the above three plants are being developed on adjoining tracts of land, and will utilize similar technology.

 

They have been awarded similar tariffs and will enter into identical power purchase agreements (“PPAs”).

 

Kiran Energy is also a shareholder of Mahindra Solar One, and the two companies are developing these 3 plants in close cooperation. IFC has previously provided a loan to a greenfield 5MW solar power plant developed by Mahindra Solar One, located very close to the proposed sites for the Projects. The 5MW project has been commissioned successfully and is already generating revenues.

 

Some more Literature on this topic:

http://www.ifc.org/ifcext/spiwebsite1.nsf/ProjectDisplay/SII32031

http://www.bloomberg.com/news/2012-05-02/mahindra-kiran-energy-may-get-ifc-loan-for-india-solar-project.html

 

 

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