SHEL to set up 5 MW Solar Plant in Maharashtra
Kshitij Dhingra
July 16th, 2014
0

 Sunil Hitech Engineers (SHEL) today said it has bagged a contract from Solar Energy Corporation of India for setting up a 5 MW solar plant in Maharashtra.

Solar Energy Corporation (SECI), which is developing a 375 MW project in the state under the phase II of the Jawaharlal Nehru National Solar Mission, has sub-contracted the construction work for 5 MW to SHEL, said a release.

SHEL will set up the project, generate power and supply to SECI at Rs 5.45 per unit, which is fixed for the entire term of 25 years with effect from the scheduled date of commissioning, it said. The company is in final stages of financial closure for the project, which is expected to be completed by April next year, the release said. The cost of the 5 MW project is estimated at Rs 42.5 crore which has

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Inox Wind gets SEBI approval for IPO
Kshitij Dhingra
July 16th, 2014
0

Wind turbine maker Inox Wind Ltd, a part of $2 billion Inox Group, has got the approval for floating its initial public offer (IPO) from capital market regulator SEBI, becoming the first firm to get the green signal for a public float after the new government took over.

Inox Wind had applied just over a year ago.

This would be the Inox Group's third entity to get listed for which it will dilute only a minority stake in this public offer through a mix of offer for sale and fresh issue. Inox Wind has been providing wind power solutions since 2010 and is a subsidiary of listed Gujarat Fluorochemicals, the largest producer of refrigerant, chloro-methane and carbon credits in India.

The other publicly held company under the group is Inox Leisure, the country’s second-largest multiplex chain.

When it originally applied for the IPO last year,

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378 projects waiting for green nod of ministry
Kshitij Dhingra
July 16th, 2014
0

As many as 378 projects are pending before Environment and Forest Ministry for grant of clearances, government informed the LokSabha today. 

Envrironment and Forests Minister Prakash Javadekar said 298 projects were pending for environment clearance and 80 for forest clearance as of June 30 and his ministry was working to expedite the process of granting approvals.  Among the proposals pending for environment clearance, a maximum of 55 were from Prime Minister Narendra Modi's home state Gujarat followed by 35 from Andhra Pradesh and 24 each from Karnataka and Madhya Pradesh. 

The measures taken by his ministry to speed up environment clearance included regular and longer duration meetings of expert appraisal committees for consideration of projects in different sectors and regular monitoring of status of pending projects among other things,

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Tata Power can’t terminate contracts unilaterally: NTPC
Kshitij Dhingra
July 16th, 2014
0

Country's largest power producerNTPC has said that Tata Power's unit can't unilaterally call off pacts with it, and should compensate the state-run firm if it decides to do so. 

Tata Power Delhi Distribution Company Ltd(TPDDL) wants to surrender 300 MW electricity it buys from NTPC saying that the fuel costs have gone up. 

NTPC supplies around 1,000 MW of power to TPDDL. According to NTPC official: "They (TPDDL) can't terminate the PPAs (Power Purchase Agreements) with us unilaterally. They have said that the prices of gas have gone up therefore it has become difficult for them to purchase electricity. If they do (cancel pacts), we should be duly compensated." 

The company has invested

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25 Thermal power plants not adhering to ash pond effluent limit
Kshitij Dhingra
July 16th, 2014
0

Around 25 thermal power plants have been found to be not complying with ash pond effluent limit, government today told the Lok Sabha. 

Enviornment Minister Prakash Javadekar also said in a written reply in the House that there was no proposal to revise or amend existing norms for thermal power plants for air and water pollution. 

He also said that there were four power plants against which complaints were recieved regarding water pollution during 2012-14.  According to details furnished in the Lok Sabha, big thermal power plants like Korba, NTPC Chhattissgarh, Kolaghat Thermal Power Station, West Bengal, Tenughat Thermal Power station in Jharkhand, Talcher of NTPC in Odisha amongst others were found to be non-compliant with ash pond effluent limit. 

Coal-based thermal power plants may pollute

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