Monthly Archives: January 2013

Surana Ventures offers solar plants at Rs 6 cr/MW

At a time when solar power plants cost between Rs 8 – 9 crore per MW, a Hyderabad-based solar module manufacturer has come forward to offer to supply solar equipment at Rs 6 crore per MW.

“We can compete against anybody, including the Chinese,” says Narender Surana, Managing Director of Surana Ventures. “Land is yours,” he said, adding “whatever is to be put into it will be supplied by us at Rs 6 crore per MW.” He said for sites up to about 600 km from Hyderabad, Surana Ventures would not even bill the customer for transportation.

Narender Surana said that the company bought a line from the German company, Schott Solar, which closed down its operations in the wake of the global slowdown in the solar industry. Today, Surana Ventures has a capacity of 140 MW—half of that came from Schott Solar.

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13 cos evince interest in supplying power to Punjab: PSPCL

Punjab State Power Corporation Ltd (PSPCL) today said 13 companies, including Tata Power, Sterlite, GMR Energy and Adani Power, have shown interest in supplying energy to the state during summers.

The state-owned power utility had invited expression of interest from companies to supply short term power during May till October this year.

“We have received bids from 13 companies for giving us power during May till October 2013,” PSPCL Director (Distribution) Arun Verma told PTI.

The other prominent companies which intend to supply power are PTC India, JSW Power, National Energy Trading and Services Ltd, NTPC VVNL, he said.

Power starved Punjab requires power during summer season when demand for energy goes up manifold in view of paddy sowing season and scorching heat.

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Power sector regulator CERC admits Sasan Power’s petition seeking tariff revision

Power sector regulator CERC today admitted a plea of Reliance Power’s subsidiary for upward revision of tariff from its under-construction Sasan ultra-mega power project in Madhya Pradesh. 

Sasan Power Ltd, the special purpose vehicle of Reliance Power set up to build this 4,000 MW project, filed a petition with CERC seeking tariff revision for the plant on account of rise in user charges.

The Commission today admitted their petition, but the date of hearing is yet to be decided. 

Reliance Power bagged this project in 2007 in an international tender quoting the lowest ‘levelised’ tariff of Rs 1.19 per unit for 25 years. 

As per the Power Purchase Agreement (PPA) between the developer of the project and procurer of electricity, the company can approach CERC for any Change in Law.

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Source: ET

New Delhi invites Dhaka’s stake in dams on common rivers

Bangladesh interested in 15 hydel projects in India, including Tipaimukh, Teesta-III

In contrast to China’s unilateral move to construct dams on the upper reaches of the Brahmaputra, India has taken a different route with respect to dams on rivers it shares with Bangladesh.

India and Bangladesh have identified several projects including the controversial Tipaimukh hydel project in which Dhaka could have equity participation. Over time, some portion of the electricity generated by projects on common rivers could accrue to Bangladesh, said official sources.

“We have identified the projects and Bangladesh can come and participate in them, including the Tipaimukh project. They had raised some queries to which we replied. We are waiting to hear from them,” added the sources.

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Source: The Hindu

Power charges set to rise in Kolkata

Power consumers in the city will have to pay more as CESC is increasing tariff by 8 paise per unit, according to sources in the electricity distribution company.

The hike is effective January, 2013, sources said.

They added that the increase is on account of the monthly variable cost adjustment and the net impact is eight paise per unit.

The average tariff at present is Rs 6.09 a unit. The increase of eight paise will be flat per unit irrespective of consumption level, the sources said.

They said the company has no option but to increase the tariff as Coal India has stopped offering MoU coal at notified prices and also because of the diesel price hike.

In case of the state utility West Bengal State Electricity Distribution Company, the increase is 11 paise a unit, the sources added.

 

Source: PTI

List of Bidders for 100MW solar PV project in Rajasthan

Rajasthan Renewable Energy Corporation Limited (RRECL) has released the list of bidders who participated in the bid for 100 MW of Solar PV projects.

 

The list is in the pdf file below

Some names includes:

1. Jindal Power

2. Waaree Energies

3. Star Solar

4. Azure Power

5. Sky Energy

6. Renew Solar

7. Omega Solar

 

LIST

Tamil Nadu – Financial bid opening : Rs. 5.97 lowest bid so far

he financial bids under the Tamil Nadu policy is being opening. We are highlighting it based on what we hear.(Disclaimer -The final actual figures are subjected to confirmation from Tangedco)

(For details of the technical bid opening, click here).

Tangedco has announced that the their board will deliberate on the rates and arrive at a “workable rate” which could possibly be something which could be the median of the all the rates.

Some numbers are missing, but we will update them over the day.

The highlights are

a. Lowest bid so for  – Rs. 6.20 by Rethink Energy corporation( Update : Lowest bid now – Rs. 5.97/kWh by Mohan Brewaries)

b. Welspun -Rs.8.56, Lanco – Rs.8.2

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Global VC funding in wind power down 15% but India sees action

3 Indian companies among top five firms in big VC deals

Global venture capital (VC) funding in wind sector declined by 15 per cent to $315 million in 2012 compared with 2011 levels. Indian wind sector continued to hog the limelight as out of the top five corporate VC funding deals, three were Indian companies, according to Mercom Capital, a global clean energy communications and consulting firm.The global VC funding in 2012 amounted to $315 million in 22 deals, a significant drop from the previous year when there were as many as 14 VC funding deals worth $369 million. The top VC deal of the year was the $183 million recorded by Element Power, a developer of wind and solar projects in the US and Europe.

The key highlight for the Indian wind energy sector was that of the top five corporate VC funding deals, three are Indian firms ($20.2 million raised by ReGen Powertech, a wind turbine maker, $18.6 million raised by Leap Green Energy, an independent power producer, and $15.3 million raised by Trishe Developers, a wind power infrastructure firm).

Power Min sends comments on coal price pooling to Coal Min

The Power Ministry has suggested to the Coal Ministry that the difference in cost of imported and domestic coal should be added to the cost of indigenous fuel at the time of finalising proposal for pooling coal prices.

 

The ministry has conveyed its comments on pooling of coal prices to the Ministry of Coal, which is preparing a Cabinet note on the proposal, to be floated at the earliest.

“The ministry has sent its proposal after consultation with the Central Electricity Authority (CEA),” a Power Ministry official told PTI.

 

Last month, Power Minister Jyotiraditya Scindia had said that a joint policy by Power and Coal Ministries on pooling of prices would be formulated.

Both the ministries had said that they would work out a mechanism for coal prices to mitigate the impact of costlier imported coal for the generation companies.

According to CEA’s recommendations, the difference in price of the imported and domestic coal would be transfered on to the cost of domestic coal. Imported coal is approximately priced at Rs 6,000 per tonne and domestic coal at Rs 4,500 per tonne.

 

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Shan Solar to foray into roof-top systems

Solar PV modules manufacturer, Shan Solar has announced its foray into the roof-top systems. The Bangalore- headquartered company which has its production facility in Chitoor District of Andhra Pradesh said it would develop solar power kits for the residential as well as industrial segments.

“Besides targeting industries, we are also keen to tap residential segment as several cities and towns across the country face unprecedented power cuts ranging between 2 and 12 hours a day, and in many cases even for a longer duration. Our solar power kits and roof-top solutions will hit the market in the first week of March 2013,” said Rajesh Rangarajan, chief marketing officer of Shan Solar.

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