Top Stories
Reliance Power will be a coal giant soon: Anil Ambani
Reliance Power Chairman Anil Ambani has reportedly said that the company will soon be among the world's largest coal companies while its power projects are on schedule to benefit from the captive coal availability,
Our coal resources will not only ensure fuel self-sufficiency for a large proportion of our power plants but also gives us a sustainable competitive advantage in the marketplace," Ambani reportedly said at the company's 18th AGM.The company would pay its maiden dividend to shareholders in 2012-13.
Reliance Power operates 1,540 mw capacity and plans to triple that to 5,000 mw by December 2012.
Rohit Modi joins Suzlon Group as CEO, India and Emerging Markets
Suzlon Group, the world's fifth* leading and India’s largest wind turbine manufacturer, announced the appointment of Mr Rohit Modi as CEO – India and Emerging Markets.In his new role Mr Modi will focus on driving business growth in India, and oversee key emerging markets like Brazil, China and South Africa.Modi returns to Suzlon with an extensive experience of 27 years in the both Union and State government services and a number of infrastructure companies.
Speaking on his new role, Mr Rohit Modi said, “Emerging markets, like India, Brazil and South Africa, represent the largest growth in demand for power in years to come, and have the greatest need for sustainable, cost effective sources like wind. I believe the Suzlon Group is ideally positioned to take advantage of this opportunity, and I am looking forward to this challenging new assignment.”
Added, Tulsi Tanti, Chairman – Suzlon Group, said: “We are very pleased to welcome Rohit back to the Suzlon Group. Rohit played a key role in driving the growth of our India Business unit in his earlier stint with the Group, and I am sure and confident that, in this challenging environment, he will add value for the company and all its stakeholders.”
Modi holds a Masters degree in Economics from The Delhi School of Economics. He later joined the Indian Administrative Services (IAS) in 1985 and worked in various senior positions within both the Government of India and the State Government of Manipur.
BHEL to set up 100-MW hydro power unit in Tajikistan: reports
Bharat Heavy Electricals Ltd has joined hands with the Republic of Tajikistan to set up a 100-MW hydro electric power unit in Tajikistan, according to reports. Reports said that BHEL has earlier commissioned a hydro generator for Pamir-1 project in Khorog. The cumulative overseas installed capacity of BHEL manufactured power plants exceeds 9,000 MW across 21 countries, report says.
Nikhil Kumar, Joint Managing Director, TD Power Systems Limited
In Focus Stories
Suzlon signs 332 MW offshore contract with RWE Innogy
Suzlon Group-subsidiary, REpower Systems SE, has signed a contract with RWE Innogy for the delivery of 54 REpower 6M offshore turbines, each with 6.15 MW of rated power, for the Innogy Nordsee 1 wind farm.
The project, with a total capacity of 332 MW, is based in the German North Sea, around 40 km north of the island of Juist. This is one of the world’s biggest open-sea projects with turbines in the multi-megawatt class.
Speaking on the contract Mr Andreas Nauen, CEO – REpower Systems SE, said: “This contract is an important signal for the German offshore wind industry. We are delighted that RWE Innogy, our customer for many years, has yet again selected REpower’s established technology for this important project.”
Tulsi Tanti, Chairman – Suzlon Group added: “We are very pleased to sign this contract with RWE Innogy. We believe this underscores our capabilities and excellent performance in the offshore space. With a global emphasis on clean, sustainable and cost effective sources of energy, offshore wind has a major role to play, and we as a Group are extremely well positioned to drive growth in this sector.”
To-date the REpower 6M is the most powerful wind turbine ever to be installed on the high seas anywhere in the world. The turbine is produced in Bremerhaven, and from there the components can be transported directly to their destination. In 2009, three prototypes of the REpower 6M were installed onshore at the Ellhöft wind farm, near the German-Danish border. In spring 2012, the first turbines installed offshore were erected for the Belgian Thornton Bank wind project.
Domestic News
Reliance Infra announces exit from Worli-Haji Ali sea-link: reports
Reliance Infrastructure Chairman Anil Ambani at company’s annual general meeting has announced the company’s exit from the Rs. 51bn Worli-Haji Ali sea-link project
Reports stated that the company will not get the Rs. 1.50bn it spent on the preparation of the project.
The state-run Maharashtra State Road Develo-pment Corp (MSRDC) will refund Rs. 1bn to R-Infra towards the bank guarantee money it paid at the time of filing the bid.
Ambani’s announcement comes at a time when MSRDC's board of directors had referred the project to the state infrastructure committee for taking a final call, says report.
Coal production commences at RPower's Sasan mines
Production of Coal has begun in Reliance Power's mines at Sasan, in Madhya Pradesh. Coal from Mines will be used to generate electricity at the company's Sasan Ultra Mega Power Plant.
L&T bags orders worth Rs10.63bn
L&T Construction has won new orders valued over Rs10.63bn across various business segments during the month of August 2012.
The Infrastructure IC of L&T Construction has bagged a major order worth ` 377 crore from Delhi Metro Rail Corporation Limited for the construction of elevated viaduct and stations. This project is the part of Phase-III of Delhi MRTS.
In the Railways business sector, a new order valued at Rs2.12bn has been secured from Rail Vikas Nigam Limited for doubling the lines of the Rewari - Manheru section on the Bikaner division of North Western Railway.
In the Building & Factories IC, the company has secured orders aggregating Rs474 crore which include design and construction of an IT campus in the southern part of India and construction of residential towers in Mumbai. This also includes additional orders from various ongoing building projects.
Reliance Infra commences cement production at Butibori
Reliance Cement Company Private Limited (RCC), a subsidiary of Reliance Infrastructure Limited, has commenced production from its first manufacturing unit at Butibori, Nagpur (Maharashtra). This unit will mainly service the Vidarbha market in Maharashtra.The company is currently executing its two projects with a total capacity of 10 million tonnes in Madhya Pradesh and Maharashtra with connected satellite grinding plants. Pegged at 5 million tonnes each, these two projects will set the foundation for the upcoming projects thereon. All the manufacturing facilities of the company will be state-of-the-art in terms of technology and scale, and will also leverage best practices in logistics, distribution and last mile selling.
The company will have its clinker producing plants close to the main raw material - limestone and then have satellite grinding units closer to the target markets. The cement production relies heavily on energy resources like coal and power along with raw materials mainly limestone and fly-ash, the synergy of these factors combined with execution capabilities of Reliance Group drives its cement business to become a potential leader in the domain and become an integral part of the Indian infrastructure development story.
Indian Railways to get over Rs. 4bn from RLDA
Suzlon Group arm signs contract for 131 MW Australian wind farm project
NTPC plans to import 16 million tonnes of coal in 2012/13: reports
Jindal Steel and Power acquires CIC’s Energy assets
Elecon Engineering bags order worth Rs260mn
GMR Infrastructure plans to raise Rs30-40bn: reports
SOLARCON India 2012 kicks off brightly in Bangalore
Power Grid board approves investment approval
PIPE Networks selects Infinera DTN-X for 100G Submarine Network between Guam and Sydney
IL&FS Engineering & Construction wins Rs. 2.69 bn Railway Project
International News
China unveils new infra projects to spur growth: reports
Chinese authorities announced new infrastructure projects to spur growth in the world's second largest economy as they continue to battle a global economic turmoil. The National Development and Reform Commission showed a green light to 13 highway projects and other municipal and port projects, reports said.
China today approved plans to build 2,018 kilometers (1,254 miles) of roads, as the government tries to revive economic growth that has cooled to slowest pace in three years.
The projects include highways in Zhejiang and Xinjiang provinces, according to the National Development & Reform Commission.
The approvals were given during June-August period.
The agency also cleared plans for nine sewage-treatment plants, two waterway upgrades and five port and warehouse projects, without disclosing the required investments.
Shares of cement producers jumped in China today.
On Thursday, the country’s top economic planner backed plans for subway projects in 18 cities.
On Wednesday, China's top economic planners had announced 25 new rail projects worth an estimated 800 billion yuan (US$127bn) over the next three to eight years.
Alstom, Toshiba in venture on smart grids: reports
French manufacturer of trains and power turbines Alstom SA signed a collaboration deal with Japanese group Toshiba to collaborate on the smart grid business, according to reports.
Reports stated that the two companies will investigate cooperation and comprehensive collaboration drawing on their respective capabilities in smart grid technologies and know-how.
Through this collaboration, Alstom Grid and Toshiba expect to develop systems that support wide scale integration of renewable energy sources into the grid, report says.
US July construction spending down 0.9%
Construction spending fell 0.9% in July, to a seasonally adjusted annual rate of $834 bn, according to reports. Reports said that Private residential construction fell 1.6%, while private nonresidential construction fell 0.9%.