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October 15, 2014

Alstom T&D secures Rs. 138 Crore contract from PGCIL...

Alstom T&D India has secured a Rs 138 crore (approximately Euro 17 million) contract from Power Grid Corporation of India Limited (PGCIL) to supply transformers and reactors for the expansion of 400/220 kV grid substations across southern India. The project is part of Power Grid’s System Strengthening Scheme to boost power handling capacity of substations, and stabilise the transmission infrastructure in southern India.

 

Under this new contract, Alstom will supply six units of 400/220 kV, 500 MVA transformers and two units of 420 kV, 125 MVAr shunt reactors. All equipment will be supplied from Alstom T&D India’s manufacturing facilities across the country.

 

This is Alstom’s second win to strengthen the country’s transmission infrastructure under the System Strengthening Scheme. The first power transmission reinforcement contract was awarded in July 2014 to expand 400/200 kV grid substations across eastern India.

 

Rathin Basu, Managing Director, Alstom T&D India, said, “Winning a second project under the System Strengthening Scheme is a major achievement for Alstom, confirming our industrial expertise and leadership. We are delighted to continue contributing to the development of India’s national grid infrastructure.”

 

Source: Business Standard

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January 28, 2014

NTPC hopeful of starting Katwa thermal project in few months...

 

NTPC hopeful of starting Katwa thermal project in few months...

Power major NTPC has expressed the hope that construction of the 1,320-Mw Katwa thermal power plant in the West Bengal would begin construction in a few months.

NTPC Chairman Arup Roychowdhury, who met state's power minister Manish Gupta today, indicated that the company hoped to get the board's nod for the project by February-March.

Gupta, who described the meeting as a courtesy call, said that NTPC assured to begin construction of the plant soon.

Coal linkage was one of the issues before the power major. The captive coal block meant for the project was deallocated by the coal ministry. The state power department would place a proposal to offer coal linkage from its captive blocks before the Cabinet for its consideration in February, Gupta said.

NTPC proposed to construct two thermal units of 660 Mw on 557 acres which it has in its possession. NTPC has also received positive feedback from land owners for 150 acres it required for the ash pond.

A few months ago, NTPC had said that unless 150 acres was not arranged by the state government it was not possible to go ahead with the project.

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Madhya Pradesh Pollution Control Board asks Essar to shut down Singrauli plant...

 

Madhya Pradesh Pollution Control Board asks Essar to shut down Singrauli plant...

Essar Energy’s Mahan-I 600MW coal-fired power plant in Singrauli district has been ordered to stop all operations by the Madhya Pradesh Pollution Control Board (MPPCB).

During the monsoons in September last, MPPCB’s regional office in Singrauli reported that large quantities of fly ash — an effluent discharged during the combustion of coal — was flowing from the plant into the Garha stream and surrounding areas. In reply to a notice sent to Essars’s local subsidiary — Essar Power MP Limited — the company said that a new ash dyke to store the ash was under construction and that illegal discharge of ash outside the factory had taken place due to unexpectedly heavy rainfall.

Not satisfied with their response, the MPPCB ordered it to stop all operations on January 13. The company has also been asked to build a permanent ash dyke, install a continuous ambient air monitoring station, a sewage treatment plant and a tree plantation. Only on completion of these works can the company apply for permission to restart operations.

Essar has two 600MW power plants in Mahan. While Mahan-I started Commercial Operations in April, 2013, Mahan-II is under construction. Both plants intend to draw coal from the Mahan coal block, which has proven reserves of 150 tonnes of coal, where mining has not yet started as clearances have not yet been granted.

The forest in Mahan is home to 14,000 people, including Agria, Kol, Khairwar, Gond and Panika tribes. Objections were raised by the Union Ministries of Environment and Forests and the Ministry of Tribal Affairs over endangering biodiversity and violation of forest rights

Despite this, the Rs. 6,500 crore joint venture of Essar and Hindalco to mine in Mahan was granted clearance due to “huge exposure to nationalised banks.”

Greenpeace’s Media Officer in Singrauli, Avinash Chanchal told that the factory continues to violate rules. “Their ash dyke is just across the road from a settlement. It poisons the water table and pollutes the air causing lung problems.”

Greenpeace and the Mahan Sangharsh Samiti hoisted a banner over Essar’s offices in Mumbai last week which read “We Kill Forests.”

Essar House Limited filed a defamation suit against the activists on Monday. While company sources said it is for Rs. 500 crore, Greenpeace said it was a Rs. 1,000 crore suit.

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South Africa offers coal to Punjab for thermal plants...

 

South Africa offers coal to Punjab for thermal plants...

South Africa has extended support to the Punjab government for providing coal for its thermal plants, which would go a long way in making it a power surplus state.

France K Morule, South Africa's High Commissioner to India, told mediapersons that he had met with Punjab governor Shivraj Patil and CM Parkash Singh Badal on Monday and held talks with them regarding the forthcoming tie-ups with the state.

He said there were surplus coal deposits in South Africa and a regular coal linkage would be established with Punjab for its thermal plants. "We are a mineral rich country and would certainly like to have an agreement with Punjab on this, to which the chief minister has readily agreed," he added.

He was accompanied by a renowned entrepreneur, Vikramjit Singh Sahney, who is the President of SAARC Chamber of Commerce and Industry and Consul, Republic of South Africa for Northern India.

"We are here to promote trade investments, tourism and cultural exchange with Punjab as there are historical bonds between the two countries," said Morule. He added that South Africa relates to India in many ways and people there relate a lot to the Indian history.

Morule said in the meetings it was decided to have tie-ups for two food processing plants in the state. He said soon a study team would be sent from South Africa to study viability in the Kinnow processing sector of the state.

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Solar Plant in BHEL to be Commissioned in 2 Months...

 

Solar Plant in BHEL to be Commissioned in 2 Months...

The 5 MW solar power plant being set up at the Boiler Auxiliary Plant (BAP), attached to the BHEL, at Ranipet, would be commissioned in the next two months, executive director of the plant Veeraraghavan said.

He said this while addressing a gathering on  Republic Day on Sunday.  Veeraraghavan said that the BHEL at Ranipet had commissioned the first ammonia gas conditioning System at TISCO, Jojobera, in collaboration with Heavy Water Board (HWB), Mumbai. In association with the Bhabha Atomic Research Centre (BARC), the BAP developed a brand new technology for simultaneous extraction of polluting sulphur oxide and nitrous oxide from boiler flue gas. This technology was unveiled by the President of India on 15 November, 2013, he added.

The official noted that five Quality Circles of BHEL Ranipet had won gold medals in quality conventions held in Madurai, Chennai and Kolkata between September 2013 and December 2013.

Further, he said, 365 employees of the plant had registered as eye donors in an eye donation camp held by the BAP. The BAP had also bagged an order for supply of a 4000- cubic metre Water Treatment Plant from OPAL, Dahej. This was the largest capacity pre-treatment system order that BHEL Ranipet had bagged so far, he said.

As part of Corporate Social Responsibility, projects worth `35 lakhs were planned by the BAP for this year that included constructing a toilet and associated facilities for the vendors at the weekly Wednesday market in the township, building compound wall and providing a reverse osmosis drinking water facility for the Government Girls Higher Secondary School at Sholingur and constructing a kitchen with store room for the midday meal scheme at SRK- BHEL School.

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January 27, 2014

Waaree Group launches portal to expand retail business…

 

Waaree Group launches portal to expand retail business…

Diversified conglomerate Waaree Group launched a portal waareemall.in with an aim to provide an online platform for selling its solar products.

Through this platform, Waaree will be able to offer a large range of its solar products like solar mobile charger, solar bag, solar battery charger, solar camping light and other portable products, the company said in a statement.

"This online venture will help us in extending our business and facilitate our customers with convenient access to our products," chairman and managing director Hitesh Doshi said.

The portal will help the company enrich its customer database as the e-commerce venture follows a B2C model, he said.

Waaree Group is a multi-diverse technology group having forte in various verticals such as solar energy, industrial valves and level gauges and petroleum equipment.

"In future, the platform will also sell our industrial retail products like valves and level gauges," Doshi said.

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IREDA plans to raise 1000 cr via bond issue; files DRHP…

 

IREDA plans to raise 1000 cr via bond issue; files DRHP…

New Delhi based company "Indian Renewable Energy Development Agency Limited" (IREDA) has filed DRHP for its public issue of tax free, secured, redeemable, nonconvertible bonds in the nature of debentures of face value of Rs 1,000 each for an amount aggregating up to Rs 1,000 crores in fiscal 2014.

The bonds will be issued in one or more tranches. The company is a non-banking financial institution registered with RBI, engaged in extending financing services to projects and schemes for generating electricity and energy through renewable sources and conserving energy through energy efficiency.

The proceeds of the issue may be utilised towards financing renewable energy and energy efficiency projects and augmenting our resource base.

The bonds shall be listed on the BSE and NSE within 12 Working Days from the issue closure date. Karvy, AK Capital and RR Investors will be the lead manager, Link Intime India Private Limited will be the registrar to the issue.

However, SBICAP Trustee Company Limited has appointed as a debenture trustee to the issue.

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NTPC signs $430 m loan accord with Japan Bank…

 

NTPC signs $430 m loan accord with Japan Bank…

India’a leading power producer and state-owned NTPC Ltd on Monday announced it had entered into two foreign currency loan agreements with the Japan Bank for International Co-operation (JBIC) for around $430million (approx. Rs. 2,650 crore) loan for its Kudgi and Auraiya thermal power projects.

The loan agreements were signed by Kulamani Biswal, Director (Finance), NTPC and Mr. Hiroshi Watanabe, Governor, JBIC here on January 25, an official statement issued here on Monday said.

The company signed a term loan of $350 million with the JBIC to finance the supplies and services from Japan as well as India for the Kudgi Super Thermal Power Project Stage-I (3x800 MW) located in Karnataka. The facility consists of a CIRR based fixed interest tranche and a floating interest rate tranche, with a door to door maturity of about 15 years.

The second loan signed with the JBIC is for 8,021 million yen to finance the renovation and modernisation of gas turbines at NTPC’s Auraiya gas power station. This facility is a CIRR based fixed interest rate facility with a door to door maturity of over 12 years. Kudgi Power project is based on super critical technology which has lower carbon intensity compared to projects based on sub-critical technology.

In both the loans, 60 per cent of the facility amount is provided by JBIC and the balance by commercial banks. The loans are provided on a stand alone basis without any sovereign guarantee reflecting the NTPC’s strong credit quality. This is the first time JBIC has directly extended a direct loan facility to NTPC. JBIC previously extended guarantee for a untied loan of $380million for NTPC’s Barh Stage-I project.

With an installed capacity of 42454 MW through 16 coal based, 7 gas based, 2 solar renewable and 7 Joint Venture power stations, NTPC contributes nearly 28 per cent of electricity in the country, with about 19 per cent of India's installed capacity.

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Orient Green Power's generation capacity crosses 500 MW…

 

Orient Green Power's generation capacity crosses 500 MW…

Orient Green Power, part of the Shriram Group, today announced its generation capacity has crossed 500 MW and it is keenly evaluating major opportunities to propel growth.

"Post commissioning of biomass plants at Madhya Pradesh (Narsinghpur), Rajasthan (Kishanganj) and Andhra Pradesh (Marikal), the on ground operational capacity of the company now exceeds 500 MW," Orient Green Power Ltd (OGPL) said in a release.

The company's operating capacity stands at 502 MW comprising 416 MW of wind assets and 86 MW of biomass assets.

Orient Green Power has its wind assets located across various states namely, Tamil Nadu, Andhra Pradesh, Gujarat and Karnataka.

Its biomass plants with a total capacity of 86 MW are situated in Tamil Nadu, Rajasthan, Madhya Pradesh, Andhra Pradesh and Maharashtra.

The company said it is keenly evaluating major opportunities arising in the space especially wind business, which could further propel its growth of the business.

"This milestone of 500 MW represents capacities which are installed and operating with fuel sourcing arrangements and power off take contracts in place," S Venkatachalam, Managing Director OGPL, said.

He added, "In addition to our existing capacity, we are close to commissioning another 40 MW of capacity under our wind and biomass verticals which will help us to further consolidate our position as a leading player in the renewable energy business."

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January 26, 2014

New net-metering policy to power Gujarat's solar-rooftops…

 

New net-metering policy to power Gujarat's solar-rooftops…

In order to provide the necessary fillip roof-top solar power projects sector in Gujarat, the state government will be introducing a new "net-metering policy" in 2-3 weeks, that will provide better financial incentives to solar-power generating households.

"We have prepared this policy and we hope to declare it before the Lok Sabha elections are announced," DJ Pandian, principal secretary (energy), Government of Gujarat told The Indian Express on the sidelines of a seminar on "Solar Energy in India' organised by the Ahmedabad Management Association (AMA) on Saturday.

Under this new policy, Gujarat government proposes to introduce "Net-Metering" for power consumers in the state. Net metering is an electricity policy --- similar to the ones introduced by Tamil Nadu, Andhra Pradesh or Uttarakhand --- for utility customers who operate their own "self-generation" photovoltaic systems at their residences.

"So, if a household consumes 200 units of electricity and generates 100 units through the solar panel on their roof-tops, they will have to pay for the remaining 100 units. In case, if a house produces more than their requirement (at any given point in time), the power will go to the grid," said Pandian while explaining the new net-metering policy that is expected to be announced in the next 2-3 weeks.

Under this policy an electricity meter, that measures the power utilised by the household from the grid, and the power supplied (from the solar-rooftop) to the grid,  will be installed in homes.
Gujarat government in 2010 had started the Gandhinagar rooftop solar programme and had approved the installation of rooftop solar panels up to a capacity of 5 MW across the state capital. In absence of a net-metering policy, the Gujarat government along with solar power companies had been providing individual homes in Gandhingar (under a pilot project), a green incentive of Rs 3 for every unit of power generated by photovoltaic systems installed on rooftops of households.

The net-metering system is expected to make solar rooftop projects more attractive to individual households, especially in the new towns and cities in Gujarat where the project is yet to pick up. As per the Census 2011, there are about 16,000 households in Gujarat that use solar energy as a primary source to illuminate their homes.

"The next revolution in solar power is not utility connected power, but solar power produced on roof-tops," the state government official said taking about the huge potential the segment held.
Pandian also spoke about how ITI students needed to be trained in managing and repairing these solar panels and systems so as to ensure that the roof-tops across Gujarat continue to generate power.

Apart from Gandhinagar, solar roof-top projects have been floated for the cities of Vadodara, Mehsana, Surat (5 MW each), Rajkot (6.5 MW) and Bhavnagar (3.5 MW).

Source

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