Monthly Archives: July 2014

Siemens win 411 crore order from PGCIL

Siemens Limited has won a crucial turnkey order (design, engineering, commissioning and installation) from of India Limited (PGCIL) worth approximately Rs 411 crores. The order is for static var compensators (SVCs) for three of PGCIL’s substations – Ludhiana in Punjab, Kankroli in Rajasthan and New Wangpoh in Jammu & Kashmir.
 
is a high-voltage system that dynamically controls the network voltage and keeps the network voltage constant. The order is for one of a series of SVC projects planned by Power Grid Corporation to improve grid stability across India.
 
“The delivery of stable, reliable power supply to meet the increasing demands from industry and urban centres is crucial for India’s sustainable progress. It is a matter of immense pride for Siemens that we have been chosen by Power Grid Corporation to be an integral part of this project,” said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited.

Source: Business Standard

Nepal prepares to sign power trade deal with India

Energy-starved Nepal is gearing to ink a major power trade deal with India during the upcoming visit by Prime Minister Narendra Modi, who will arrive here on Sunday on his first official visit. 

Three major political parties of Nepal – the Nepali Congress, CPN-UML and UCPN (Maoist) – yesterday consented to the government’s plan to sign Power Trade Agreement (PTA) with India during Modi’s visit. 

The meeting of senior leaders of major parties was called by Prime Minister Sushil Koirala to seek national consensus on the agenda to be discussed with the Indian Prime Minister during his two-day visit. 

The meeting formed a three-member cross-party panel to finalise the contents of the PTA to be forwarded to the Indian side for approval, official sources said. 

The three-member panel includes Finance Minister Ram Sharan Mahat, CPN-UML leader Bhim Rawal and UCPN-Maoist leader Narayankaji Shrestha.

The panel will finalise the text of the agreement with inputs from energy experts, according to Chiranjibi Nepal, Prime Minister’s Economic Adviser.

The new PTA will get inputs from the PTA proposal sent by Nepal to India in 2010 and the Power Cooperation Agreement recently forwarded by India recently.

 

“Keeping national interests at the core and for mutual benefit, we have decided to sign a new power trade deal with India,” UCPN-Maoist leaders Shrestha said. 

“While signing the Power Trade Agreement with India, Nepal should keep its freedom to negotiate power trade with other countries as well,” he said. 

Former Energy Minister and senior leader of Rastriya Prajatantra Party (RPP) Prakash Chandra Lohani speaking at a separate programme said that Nepal should implement the 17-year-old Pancheshwor Hydropower Project pact reached with India. 

“I myself as the Foreign Minister and current President of India, Pranab Mukherjee, who was the Minister for External Affairs had inked the agreement in 1996,” he recalled. 

The 7,000 MW project will be beneficial for both India and Nepal, he added. 

During the three party meeting, Nepalese leaders also floated the idea of asking a middle-sized hydropower project from India as gift during Modi’s visit. 

Source: Economic Times

Power generation begins at Jurala relief to Telangana

Power generation began at the Jurala hydro project on Wednesday, bringing relief to the new state of Telangana which is hit by bad monsoon and severe power crisis.

Five of the six generating units were pressed into service to produce 1.80 mw of power. The total capacity of the power station is 6MW. Jurala has been receiving 90,000 cusecs of flood water from Narayanpur reservoir following heavy rains in the upper catchment of the river Krishna in Karnataka. About 5,000 cusecs was released from Jurala to generate power.

Project officials said they will lift the crest gates on Thursday to release flood water if the dam becomes full.

The water level at present is 316.5 feet as against full reservoir level of 318.53 feet.

Source: Times of India

power tariff hike to spur SMEs migration from UP

The proposed hike in industrial power tarrifs in would spur migration of Small and Medium Enterprises (SMEs) to the neighbouring state of Uttarakhand, Indian Industries Association (IIA) has said.

According to IIA, the proposed hike was ostensibly merely 7-10%, however in effect it would result in 25-30% increase in power tariffs for industry.

“The proposed hike would impair our cost competitiveness and we would be forced to relocate to other states offering us cheaper power,” Lucknow chapter president Man Mohan Agarwal told Business Standard here.

He maintained if the proposed power tariffs were executed, it would result in migration of almost 25% SMEs, mostly to Uttarakhand. Besides, IIA has reiterated the demand for converting leasehold industrial plots into freehold.

Recently, the state government had allowed such conversion for UP State Industrial Development Corporation (UPSIDC) plots, which had been on lease for 30 or more years. However, industry wants freehold conversion to all plots irrespective of the 30 year barrier.

“Most plots were given on lease less than 30 years back. As such, the decision of the government has yet not benefited the majority of industrial units,” he lamented.

He said the government was losing on one-time freehold charges revenues to the tune of almost Rs 600 crore with its 30 year stipulation. Industrial plots are generally given on 90 year lease to industries. Apart from UPSIDC, District Industries Centres (DIC) also give industrial plots on lease. If the state government allows conversion of leasehold to freehold, an estimated area of 10 sq km in Lucknow alone would benefit.

Further, IIA has demanded the government to relax the duration of registering lease deed from 6 months to 2 years. Presently, the entrepreneur has to register lease deed within 6 months of allotment else the prevalent circle rate is considered for registration, which doubles the stamp duty.

Besides, IIA wants adequate police security for industrial enclaves, as the incidents of looting of entrepreneurs had become routine. Meanwhile, IIA is planning to organise its annual conclave in October 2014.

Source: Business Standard

Govt. considering DGAD views on solar cells dumping.

According to reports, the recommendations of The Director General of Antidumping & Allied Duties on putting anti-dumping duties on solar cell imports are under the consideration of the Ministry of Finance, Government of India, said Nirmala Sitharaman, the MoS in the Ministry of Commerce & Industry, in a written reply in Lok Sabha.

DGAD has already stated that imports of Solar Cells, Modules or Panels, Thin Films from China PR, Chinese Taipei, Malaysia and USA are below the normal value resulting in dumping of such products. The domestic industry has suffered material injury due to the dumping.

To offset dumping and injury, DGAD has recommended the imposition of definitive anti-dumping duties ranging from US$ 0.11 per watt to US$ 0.81 per watt on the imports and accordingly recommended to the Government for imposition of definitive anti-dumping duties ranging from US$ 0.11 per watt to US$ 0.81 per watt on the imports of the goods from these countries.

GE Invests in 126 Megawatts of Wind Farms in India

According to reports, a unit of General Electric Co. (GE) has invested in three Indian wind farms comprising 126 megawatts of capacity under development by Atria Power Corp.

The first 25.6-megawatt project will be completed in Anantapur in Andhra Pradesh state in September, GE Energy Financial Services and Atria Power said in an e-mailed statement today. The companies didn’t disclose the terms of the deal.

The two others, which are 50 megawatts each and located in Betul in the central Madhya Pradesh state, will be ready by June next year, the companies said.

GE, which manufacturers turbines at a plant in Pune, will deliver 76 megawatts of machines to the farms. An undisclosed manufacturer will supply the remainder, according to the statement.

Reliance Power to buy all of Jaypee’s hydropower assets

Debt-laden Jaiprakash Power Ventures Ltd () on Sunday said it had signed a deal to sell its entire hydropower portfolio to , a wholly-owned subsidiary of -controlled  (R-Power).

JVPL has a hydropower asset base – three plants with an asset life of 50 years – worth a little over Rs 10,000 crore and with a cumulative capacity of 1,800 Mw.

, of which JPVL is a subsidiary, is the flagship company of Jaypee Group. On Sunday, it said in a statement it intended to “utilise the entire proceeds of the proposed transaction to reduce its outstanding debt, and thereby deleverage its consolidated balance sheet”.

An R-Power statement said: “Reliance CleanGen has signed a memorandum of understanding with JVPL for acquisition of its entire hydroelectric power portfolio.” SBI Capital Markets was the advisor for this transaction.

R-Power, which had a total debt of Rs 1,877 crore on its books as of March 2013, refused to divulge how it planned to finance this deal. The company had reported a net profit of Rs 244 crore on a total income of Rs 1,811 crore for the June quarter of this financial year.

The development comes only three days after Abu Dhabi National Energy Company, or , pulled out of an agreement to acquire two of JPVL’s hydropower plants, valued at Rs 9,689 crore.

Jaypee Group has been selling assets to reduce its high debt – it had Rs 28,164 crore of debt on its book as on March 31. Its interest cost for 2013-14 almost doubled to Rs 6,094 crore from Rs 3,134 crore a year earlier.

Last month, the group informed investors it had broken loan agreements. “The principal amount due under which our company is not in compliance with all covenants and ratios is Rs 10,079 crore. This is 35.77 per cent of our total principal standalone debt amount of Rs 28,164 crore as on March 31,” the company said in its filing with the stock exchanges.

R-Power currently has 5,000 Mw of hydroelectric power projects under development. Of this, 4,200 Mw are located in Arunachal Pradesh, 700 Mw in Himachal Pradesh and 400 Mw in Uttarakhand.

Sources in R-Power said the company was hoping to touch an operational capacity of 7,800 Mw by 2015. The company also claimed this, by its generation capacity and asset size, was the largest merger & acquisition deal in India’s infrastructure and power sector. “Along with its renewable energy portfolio, the acquisition would also make R-Power one of the largest clean and green power companies in the country,” said an executive. It would also make the company the largest hydropower-based electricity supplier in the country.

Source: Business Standard

Centre to help AP to add 4000 MW of Solar Power

The Union Government is planning to give a big solar power push to Andhra Pradesh. The Centre will help set up the State add 4,000 MW of solar power in the next two years, making it a leader in solar power in the country. Anantapur district will be made the solar power hub of the country.

Addressing reporters after his meeting with Andhra Pradesh Chief Minister N Chandrababu Naidu here on Sunday, Union Minister for Power Piyush Goyal has said that the State would be allotted 200 MW of power from NTPC’s Jhajjar plant from August 1, 2014 to March 31, 2015.

He discussed the power scenario with the AP Chief Minister and promised help from the Centre to augment power supply and to help generate more power. He said the Hinduja group would add 520 MW of power in Visakhapatnam by the end of this year.

He also promised to increase coal supply from Mahanadi coal fields to the APGenco, the generation utility of the new Government.

Source: Business Line

Policy on rooftop power generation for capital soon

After years of wait, the decks are finally being cleared for rooftop solar power generation in the Capital. The Delhi Electricity Regulatory Commission is expected to notify the proposal, which will see solar units fixed on rooftops, in two weeks’ time. The initiative envisages individual households producing solar power for their own consumption and also decreasing the peak time load on the power network.

The DERC is in the process of finalising regulations about its proposal to introduce net metering for rooftop solar power generation as per the guidelines laid down by the Union Ministry of New and Renewable Energy.

After the policy is notified, the Delhi Government will initiate putting of solar plants on government buildings, colleges and hospitals. It may be later followed at individual level. In fact, the Delhi Government may announce “production-based subsidy” and other incentives for solar power generation.

So far, Delhi doesn’t have a solar policy, a fact that is an obstacle in accessing incentives for producing solar energy.

Sources in the Delhi Government told The Hindu that the Environment Department has prepared a draft solar policy that envisages “production-based subsidy”. This means the government will pay for the units of energy one saves by using solar power. People who install solar rooftops would also enjoy a 30 per cent subsidy on solar panels from the Ministry.

Delhi has about 250 to 300 sunny days available in a year and can have an average solar installation of 5.31 KWhr/day/square metre.

“If somebody wants to generate solar power for their own purposes, they may do so and, if they produce more, they can have an arrangement with their power supplier to send the excess power in the distribution grid,” DERC chairperson P.D. Sudhakar said.

Explaining the benefits of the scheme, DERC member J.P. Singh said: “Suppose a household with the solar unit uses 900 units. If it generates about 200 units of electricity per month through the solar unit, it would be able to bring its electricity bill down significantly. Another implication would be lessening of the peak time load on the power network. It would thus also bring down the power purchase cost.”

“The power during peak hours is very expensive. So if the discoms’ load during the peak timings is less, then the power purchase cost would also come down, which will go a long way in bringing the tariff down,” he said.

“The model, as we have drafted it after consultation with all the stakeholders including the public, is a win-win situation for the consumers and other stakeholders like discoms. But it has to evolve gradually… The Delhi Lieutenant-Governor is quite keen on it. And we expect to notify it in no more than two weeks,” said Mr. Singh.

Talking about the possible solar models, Mr. Singh said: “There might be a situation where later the private parties may ask the household owners in a block of housing societies to give their rooftops on rent and develop the solar units and give its benefit to the society inhabitants.”

The regulator’s draft proposal says that with about 300 sunny days in Delhi in a year, and around 30 lakh households, Delhi has more than 700 sq km of built-up area for installation of photo-voltaic systems.

Source: The Hindu

Rooftop Solar Panels on 300 Government Buildings

With the state government pushing for tapping of renewable energy sources, about 300 government buildings including 50 panchayat union offices would be harnessing solar power to meet their energy needs.
Tamil Nadu Energy Development Agency (TEDA), the nodal agency to promote renewable energy, has floated bids to install seven-kilo watt grid tied solar rooftop power plants at 300 government buildings.
According to TEDA sources, the solar rooftop systems would be installed at 50 panchayat union offices and remaining in the 234 assembly constituencies.  The buildings in the assembly constituencies would be identified shortly, sources said, adding that once the contract is awarded, the solar system would be installed within 90 days.
The work on installing 30 kilo watt solar plant in secretariat would begin shortly. In Fort St George, government building housing the secretariat, will have a 10 KWp solar plant while 10 floor Namakkal Kavignar Maligai will have a 20 KWp plant. “Though the work order was issued long back, the renovation works in the secretariat delayed the works,” the sources said, pointing out the commissioning of 25 KWp plant at Raj Bhavan and 60 KWp system in TNEB headquarters.
According to TEDA estimate, a kilowatt capacity solar PV plant would be nearly generating 1,600 units per annum. With the installation of 300 seven KWp solar plants and 30 KWp plants in secretariat, the government buildings would be nearly generating 34.08 lakh units of energy a year.
As per the solar energy policy 2012, the government envisages to add 3,000 MW to the grid. All the new government buildings would be constructed with rooftop solar system while existing strucutres would get these units in a phased manner.

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