Gujarat may accept Tata Power's hike in tariff for Mundra plant
Gujarat has reportedly indicated that it may accept Tata Power increasing tariff on electricity generated from its plant at Mundra. This move comes in the backdrop of a panel headed by Deepak Parekh recommending an increase in tariff.
“We will try to accommodate (Tata Power’s request to increase the tariff)” Gujarat’s energy minister Saurabh Patel said.
Earlier Tata Power had approached Central Electricity Regulatory Commission (CERC) to consider allowing an increase in tariff for electricity generated from its 4,000 megawatt (MW) ultra mega power project (UMPP) at Mundra in Gujarat.
KEC International wins orders worth Rs. 10.04bn
KEC International Ltd has bagged orders worth Rs. 1,004 crore. The company has secured orders in India (Tamil Nadu and Andhra Pradesh), Americas and Kuwait amounting to Rs7.60bn.
Tamil Nadu (India): Two orders consisting supply and erection of 400 kV transmission lines between the Anikadavu-Thappagundu 400 kV proposed substations and between the Anikadavu -Rasipalayam 400 kV proposed substations on turnkey basis. The orders are secured from the Tamil Nadu Transmission Corporation Limited. The total value of orders is Rs314 crore.
Andhra Pradesh (India): Supply and erection of 400 kV transmission line between Kamavarapukota- Chinnakorukondi substations on turnkey basis. The order is secured from the Transmission Corporation of Andhra Pradesh Limited (APTransco). The order value is Rs 271 crore.
Americas: SAE Towers, the wholly owned subsidiary of the Company has secured orders for the supply of lattice towers, monopoles and hardware from United States, Brazil and Mexico. The total value of orders is Rs. 147 crore. Kuwait: Design, supply and erection of Gantry at Az Zour subtation on turnkey basis. The order value is Rs 28 crore.Read more
Toshiba to acquire T&D Business from Vijai Electricals
Toshiba Corporation and Vijai Electricals Ltd. (Vijai), one of India's leading manufacturers of power and distribution transformers, today announced that they have agreed to Toshiba's acquisition of the major part of Vijai's electricity transmission and distribution (T&D) business for approximately US$200 million. The acquisition will be completed in November 2013.
In parallel, Toshiba will establish a new company that will absorb the acquired business, and also integrate Toshiba's state-of-the-art design and manufacturing technologies for T&D systems. The new company will also enter other growing markets in India, including power electronics systems, such as high voltage direct current (HVDC) power transmission and static var compensators for high voltage networks (SVC), and railway power supply systems. Toshiba will position the new company as a core production base for expanding its T&D business in India and the global market, alongside its other bases in Japan, China, Brazil, Russia and Southeast Asia.
Vijai was established in 1973, to manufacture and sell electricity distribution transformers. The business has grown on the strength of the company's high quality production capabilities, which have allowed it to win the top share in the Indian market and major footholds in both Europe and Africa. Vijai further expanded its T&D business in 2006, when it entered the power transformer and switchgear businesses, and through the business activities Vijai has manufactured and supplied the world's highest voltage class ultra-high voltage 1200 kV power transformer.Read more
Reliance Power pulls out LNG terminal JV with Shell
Report said that Reliance Power has pulled out from proposed LNG terminal with Shell on the east coast.Roger Bounds, global head of Shell's LNG business, said the project was envisaged as a 50:50 partnership between Shell and Reliance Power. "Shell is looking to invest in and the fundamentals of the Indian energy demand and supply situation remain unchanged," he said.Shell already operates a terminal to import liquefied natural gas (LNG) at Hazira on the west coast with a capacity of 5 MT a year.
Railway revenue earnings up 10% during April - August 2013
The total approximate earnings of Indian Railways on originating basis during 1st April to 31st August 2013 were Rs. 54462.79 crore compared to Rs. 49382.94 crore during the same period last year, registering an increase of 10.29%. The total goods earnings have gone up from Rs. 34067.51 crore during 1st April – 31st August 2012 to Rs. 37085.96 crore during 1st April – 31st August 2013, registering an increase of 8.86 per cent. The total passenger revenue earnings during 1st April – 31st August 2013 were Rs. 14758.00 crore compared to Rs. 13005.37 crore during the same period last year, registering an increase of 13.48 per cent.
NTPC's Katwa project hits hurdle
NTPC Ltd proposed Katwa project has hit a hurdle after coal block which was linked to the project was surrendered, says media reports.“We need 150 acres of land more for Katwa thermal power project and almost 99% of the owners have given their consent,” NTPC chairman and managing dirctor Arup Roy Chowdhury said. The project has 565 acres of land which was acquired by the Left government.Roychowdhury reported that they will talk to the state government to allocate block from new mines for the 1320 MW (660Mwx2) thermal power project at Katwa.
Pratibha Industries bags order from Rajasthan
Pratibha Industries Ltd has announced that it has bagged Rs. 418.36 Crore order from PHED, Ajmer, Rajasthan". The contract is scheduled to be completed in 36 months from date of commencement.
Cabinet approved proposal for licensing of Land for devp projects
The Union Cabinet approved the proposal for licensing of land to the concessionaires for four projects to be taken up in the Public Private Partnership (PPP) mode and one project on lease basis based on tender-cum-auction for setting up a cement bagging plant at Cochin Port.
These four projects have been taken up in terms of the extant policy of Government of India to pursue Maritime Development Projects under the PPP mode.
This decision will help in augmenting the capacity of ports expeditiously through Public Private Partnerships and will also bring about efficiency in operations at major ports which will benefit the trade and the economy as a whole.
Ashoka Buildcon bags order from TANGEDCO
Ashoka Buildcon Ltd has announced that the Company has emerged as the Lowest Bidder at the price bid opening meeting dated September 07, 2013 for the Project viz. Execution of Distribution strengthening works under "Re-structured Accelerated Power Development and Reforms Programme (R-APDRP) Part-8" in Chennai North & South Regions of Tamilnadu Generation and Distribution Co. Ltd. (TANGEDCO) on Total Turnkey basis aggregating Rs. 609.62 Crores from TANGEDCO.
Jaypee Group to sell some power, cement assets: reports
Jaypee Group is planning to sell some of its power and cement assets to pare debt, according to reports.Report said that the company may sell equity in two of its hydro power projects and is in talks with some players.
Jaypee Group spokesperson declined to comment on the news.The company may sell equity in 300 MW Baspa II and the 1,000 MW Karcham Wangtoo project in Himachal Pradesh.
Suzlon bags order in France
Suzlon said its subsidiary REpower has signed contract with Valorem for 24 wind turbines of 2 megawatt power capacity to be supplied to four windfarms in French Picardie, Pays de la Loire and Burgundy regions. REpower will also provide the full maintenance of the windfarms for 10 years. The Airaine wind farm, located in Picardie, with a total power output of 12 MW, will be inaugurated on 19th September.
NTPC to raise 52 mn euros through a 15-year loan
Voltas air conditioning to yield upto 35% energy saving
Mercom Capital reiterates its 2013 Global PV Installations Forecast of approximately 38GW
Mercom Capital Group, llc, a global clean energy communications and consulting firm, reiterated its global photovoltaic (PV) installation forecast of approximately 38 GW for 2013, strong 23 percent growth year-over-year, noting improving market conditions, in its recent analysis.
“After years of overcapacity, bankruptcies and record low prices, we are now seeing price stabilization, higher utilization rates and a move toward supply-demand equilibrium. Market conditions for solar look much better than they did just three months ago,” noted Raj Prabhu, Co-Founder and CEO of Mercom Capital Group.
One of the big overhangs, the China-EU trade case, which could have otherwise set off an all-out trade war, has been settled. Although trade skirmishes will likely continue, this settlement is a relief and brings some sorely needed certainty to the markets.
China and Japan are installing at a rapid pace and making all the right policy moves giving the market confidence that they are ready to take over as the top solar markets for the foreseeable future.