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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Andhra Pradesh signs MoUs for 4200 MW of Renewable Energy Projects and unveils policies for Solar & Wind Energy

 

Andhra Pradesh Government signed Memorandum of Understanding (MoUs for generation of 4,000 MW of wind power and 200 MW of hybrid power in the State during the first Renewable Energy Global Investors Meet and Expo (RE-INVEST).

Andhra Pradesh Government also policies for the wind and solar power projects. 

According to the State Government, around Rs 8.5 billion investment is expected in the transmission & distribution and a huge investment in solar power projects.

The State Government has assured the green energy investors speedy clearances, several exemptions, faster execution schemes, vast land bank, committed bureaucracy and political will for the effective and efficient development of Renewable Energy Projects in the State.

The State Government has proposed the investors to enter into tripartite agreements with the State Discoms and State Government.

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GMR & Reliance Cement have received one mine each in the first coal mine auction

 

In the first coal mines auction conducted today, GMR & Reliance Cement have received one mine each for an estimated amount of Rs 1,375 Crs & Rs 798 Crs respectively.

GMR Mine

• GMR Chhattisgarh Energy won the Talabira-1 coal block in Odisha,
• Adani Power, Essar Power, Sesa Sterlite and others were in race for this mine
• GMR received the mine by reverse bidding at Rs 478 per tonne.
• The mine has extractable reserves of 28.77 million tonnes.
• The mine was reserved for the Power Sector.

Reliance Cement Mine

• Reliance Cement won the Sial Ghoghri coal mine in Chhindwara district of Madhya Pradesh.
• Hindustan Zinc and OCL Iron & Steel were in reace for this mine
• Reliance Cement received the mine by reverse bidding at 1,402 per tonne
• The mine has total reserves of 29.38 million tonnes and extractable reserves of 5.69 million tonnes.
• The block was allotted to Prism Cement earlier. This mine is earmarked for the non-power sector.

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