Power purchase audit shows PSPCL suffered loss of Rs.1741.62 crore Friday March 7, 2014 Chandigarh Power purchase audit shows that Punjab State Power Corporation Limited (PSPCL ) suffered a loss of Rs. 1741.82 crore in three years period of 2010-13 due to inefficient planning of power purchase. These are the findings of ABPS Infrastructure which was engaged by Punjab State Electricity Regulatory Commission (PSERC) to carry out study on power purchase and related matters of PSPCL .PSERC has now invited comments from public on the report up to March 28. The failure of PSPCL to accurately assess the availability of power from new generating stations led to increase in short term power purchases and resulted in financial implication of RS. 745.62 crore in 2010-11,Rs.229.62 crore in 2011-12 and Rs.491.59 crore in 2012-13 with the cumulative implication of Rs. 1466.83 crore in three years period. PSPCL procures power
NEW DELHI: India's dependence on imported coal will continue to rise as output will fall short of targets. The coal ministry will scale down it its production target of 795 million tones in 2016-17 as it expects problems in environment clearances and rail connectivity. The government's decision to de-allocate several coal blocks in past couple of years to private firms would also have an impact. Some experts say the de-allocation may hurt growth in production but on the other hand block ..
New Delhi : India is keen to examine the feasibility of importing power from an electricity grid emanating from the hydropower surplus region of Central Asia, as also helping to build mini hydel dams in the mountainous region through which two major rivers flow. According to Ajay Bisaria, joint secretary in the Eurasia division, of the Ministry of External Affairs, India stands to benefit from the Central Asia South Asia Electricity Transmission and Trade Project, better known as CASA-1000, a new electricity transmission system to connect the countries of hydropower producing countries of Kyrgyzstan and Tajikistan with Afghanistan and Pakistan. Bisari, addressing a round table on 'Regional Water Security and Riverine Disputes: Issues Common to Central and South Asia' here Thursday, said India is keen to find out if a way can be found to import the electricity from the CASA-1000. "If there is a grid then India can benefit from the electricity
An Indian rule requiring wind farms to predict output or face fines has been temporarily suspended as the regulator reconsiders the best way to ensure stability of the grid, which suffered the world’s biggest outage in 2012. “The mechanism has been put on hold,” said Sunil Jain, chief executive officer at Hero Future Energies Pvt. and president of the Wind Independent Power Producers Association. The Central Electricity Regulatory Commission last year ordered wind farms to predict their day-ahead generation within a 30 percent band. Developers including Tata Power (TPWR) Co. and Goldman Sachs Group Inc.’s ReNew Wind Power Pvt. protested the directive, saying it was impossible to comply with and that penalties would wipe out profits in an industry that has drawn about $10 billion of investment since 2011. “Not a single project has been able to produce data within the margins,” Jain said in an interview in New Delhi this week.
The applicant, Solar Energy Corporation of India, a Government of India Enterprise and a company registered under the Companies Act, 1956 (1 of 1956) has made the present application under sub-section (1) of Section 15 of the Electricity Act, 2003(36 of 2003) (hereinafter referred to as “the Act”) read Order in Petition No. 294/TDL/2013 Page 2 of 6 with Central Electricity Regulatory Commission (Procedure, Terms and Conditions for grant of Trading licence and other related matters) Regulations, 2009 (hereinafter referred to as “the Trading Licence Regulations”) amended from time to time, for grant of Category `III` licence for inter-State trading in electricity in whole of India. In it order the CERC said the applicant meets the net worth requirements specified by the Commission for grant of Category `III` licence and has fulfilled other conditions for grant of Order in Petition No. 294/TDL/2013 Page 6 of 6 trading licence. The Commission proposes to grant Category `III` licence
n the future, the anaerobic fermentation and utilisation of sludge from wastewater plants will play an increasingly important role. To ensure an economically and ecologically sustainable solution, more and more municipalities decide to optimise the energy potential of their sewage plants. For a plant dimension of 20,000 to 30,000 PE (population equivalent), biogas plant manufacturer WELTEC BIOPOWER from Lower Saxony, Germany, offers an attractive retrofit package for anaerobic sludge treatment. Sustainable sludge treatment strategies are vital ? also in view of the fact that many countries plan to discontinue the use of sludge as fertiliser. In some countries, this plan has already been enforced. Moreover the energy potential of this resource and the part that remains unused in sewage plant operation are still high. These framework conditions as well as rising energy prices amplify the need for municipalities to act. For this reason, WELTEC BIOPOWER has developed an optimised anaerobic sludge treatment
MNRE sanctioned installation of 17,500 nos. of SPV water Pumping System to meet the irrigation requirements with a financial support from NCEF of is Rs. 299, 50,00,000 (Rupees Two Hundred and Ninety Nine Crores Fifty Lacs only), in in Rajasthan, Tamilnadu, Andhra Pradesh, Uttar Pradesh, Maharashtra, Chhattisgarh, Madhya Pradesh, Bihar and other selected States at a project cost of Rs. 997,50,00,000 (Rs Nine Hundred and Ninety Seven Crores Fifty Lacs only). The programme is applicable to only those states who are willing to contribute not less than 15% of the project cost as state shares. The commitment of state share is to be communicate of project stage itself. Ministry will provide up to 2% of CFA as service charges to the implementing SNAs towards implementation and monitoring of SPV Pumping System. Download full
The new electricity tariff order by the central power regulator could weaken the margins of Government-owned companies such as NTPC, NHPC and PowerGrid, according to Standard & Poor’s Ratings Services (S&P). The Central Electricity Regulatory Commission released last month the final regulations that will determine tariffs for 2014-15 through to 2018-19. The norms are also applicable to generators such as NHPC, SJVN and PGCIL. S&P expects NTPC’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) to decline 10-12 per cent and net income to fall under the new tariff structure. “However, we anticipate that the EBITDA contribution from new marginal capacity will offset some of the impact of the tariff changes. As a result, we expect minimal change in NTPC’s absolute EBITDA in fiscal 2015 compared with our expectation of about ?18,000 crore in 2013-2014,” the agency said in a statement. “While we think that the revised regulatory tariff structure is likely
New Delhi, March, 06, 2014-In a bid to revolutionize the solar power sector, Rays Power Infra, the largest private solar park owner in the country, has announced the launch of solar park in the state of Madhya Pradesh.The announcement was made at the recently held Solar Development Summit in Bhopal in which Mr. Ketan Mehta from Rays Power Infra was a key speaker. The development of solar energy, which is a renewable and sustainable source of energy, will have long-term impact on the state’s economy. Madhya Pradesh is blessed with plenty of sunshine and vast barren lands, and the establishment of a solar park will hugely benefit the state as businesses will be able to leverage world-class facilities with ready-to-move infrastructure. The launch of the 50 MW solar park is significant as it will contribute towards the state’s power generation capacity. More importantly, the initiative will set new benchmarks in generating power
NAVI MUMBAI: The civic body sanctioned Rs 188 crore on Wednesday to construct a solar power and hydroelectricity plants at the Morbe Dam. The budget for the project was sanctioned after a delay of nearly two years since the state government cleared its proposal. Of the Rs 188 crore, Rs 175 crore will be spent on solar plant and Rs 13 crore for the hydroelectricity plant. The contract for setting up and maintenance of the plant will be awarded for 25 years. "As per the National Tariff Policy, 2006, 6% of state's power requirement is to be met by renewable sources, and, of this, 3% is to be through solar energy. This is known as renewable power obligation (RPO). Under this obligation, it is mandatory for power distributing firms to purchase these forms of electricity. So in a way, these plants are going to be additional source of revenue for the civic body,"