Power Newsletter - December 01 to 05, 2014

New market models and new business models will become established as a result of energy transformation and could quickly eclipse current company strategies.

Dec 05, 2014 04:12 IST India Infoline News Service

TOP NEWS
 
The road ahead: Gaining momentum from energy transformation
Predictions of a 'death spiral' for companies in the power & utilities sector are overdone. But a new report from PwC and Strategy & warns that the sector is transforming fast and companies that don't stay ahead of change are in danger. New market models and new business models will become established as a result of energy transformation and could quickly eclipse current company strategies.
 
The report, The Road Ahead: gaining momentum from energy transformation, finds global megatrends such as technological breakthroughs, rapid urbanisation and resource shifts are creating new opportunities and challenges in customer behaviour, new forms of competition, renewable and distributed energy and regulation. Among the issues:
 
Existing generation assets could be left stranded as local energy systems and self-generation by customers eat away at the traditional centralised grid and large-scale generation model. Sector transformation could shrink the role of some power utility companies to providers of back-up power.
 
Power utility companies risk losing out to new entrants from the world of online data and digital technology. Developing countries may 'leapfrog' conventional centralised system models in favour of local energy systems. Existing grid and network systems may be unable to rapidly evolve to meet the needs of decentralised assets delaying the adoption of advanced technologies.
 
The report identifies transformational new market models that could emerge such as Green command and control, Ultra-distributed generation, Local energy systems, Regional supergrid. Read More...
 
DOMESTIC NEWS
 
BHEL commissions sixth unit of 6x68.67 MW Hydro Generating Unit at Rampur HEP
With the commissioning of the last of the six units of 68 MW hydro generating unit of Rampur Hydro Electric Project (HEP) in Himachal Pradesh, Bharat Heavy Electricals Limited (BHEL) has commissioned the 412 MW hydro power plant of SJVN Limited.

The 412 MW Rampur HEP powerhouse comprising 6 units of 68.67 MW each is located on River Satluj, a major tributary of the Indus Basin in Himachal Pradesh - 120 km from Shimla. Read More...
 
Indian Wind Energy Alliance formed with IWTMA and WIPPA joining hands
The Indian Wind Turbine Manufacturers Association (IWTMA) and the Wind Independent Power Producers Association (WIPPA), have now entered into a partnership to form Indian Wind Energy Alliance (IWEA), which will act as an apex body for wind energy industry in India. Read More...
 
CIL agrees to NTPC's demand for appointing TPA for fuel testing at loading sites
In an agreement that would ensure a better grade of coal at the power plants, Coal India has agreed to NTPC's demand to pay the miner, only after the fuel quality at the loading sites are inspected by the third-party agencies (TPA).

This ends a 20-month long dispute between India's largest miner CIL and largest power producer NTPC. The power major argued that CIL had been providing low-grade fuel for its power plants, yet demanded payments for the fuel which were of higher grade. Read More..
 
Senvion SE wins 172 MW order in Portugal
German unit of Suzlon Energy Ltd., Senvion SE, has bagged order for 172 MW wind turbines for power plant projects in Portugal. The customer, Ancora Wind - Energia Eolica SA has a significant in the wind energy market. The contract with Senvion is to deliver and install 84 of its turbines for five projects in Portugal. Read More...
 
Rays Power Infra bags India's largest single solar EPC project of Essel Infra
Rays power Infra Pvt. Ltd., one of the biggest Solar EPC companies in India, today, announced bagging of the largest single Solar EPC project of Essel Group. Rays Power Infra has been chosen for Complete Design, Engineering, Procurement and Construction of the project. The company is all set to execute these projects in Punjab and UP in record time of three months. The total capacity of these plants in Punjab and UP is 31.5 MW and 55 MW respectively and is expected to generate power by April 2015. Together, they will power more than 30,000 households and is equivalent to planting 1.3 lac trees every year. Read More...
 
Kirti Vagadia appointed new CFO of Senvion SE
The Supervisory Board of Senvion SE, a wholly owned subsidiary of the Suzlon Group, the world's fifth-largest manufacturer of wind turbines, has appointed Kirti Vagadia as the company's new Chief Financial Officer. The appointment is effective as of 1st December 2014. Read More..
 
Intersolar India 2014: Solar industry pins great hopes on Indian solar market
The sixth Intersolar India, India's largest exhibition and conference for the solar industry, drew to a close on November 20. Here, 160 international exhibitors from the fields of photovoltaic's (PV), PV production technologies, energy storage systems, and solar thermal technologies showcased the entire solar industry value-added chain. Around 9,000 visitors, eleven percent more than last year, flocked to the exhibition from all over the globe, underlining the enthusiastic response to the event. Once again, the Intersolar AWARD for Solar Projects in India was awarded in three categories: Off-grid Solutions, Industrial and Commercial Use, and Utility-scale Projects. And for the first time, the Intersolar India Conference was held at the Bombay Exhibition Centre (BEC), where 100 distinguished speakers and 500 conference attendees discussed the latest market developments, new technologies, and application solutions. Read More...
 
PM dedicates Unit-II of ONGC Tripura Power Plant to nation
The Prime Minister, Narendra Modi, today said the Centre desired to move forward on energy generation using natural gas, to power the economy of India. He said youth of the north-east could gain employment from projects related to such plants. He was speaking at the dedication to the nation of Unit-II of ONGC Tripura Company Ltd Power Plant, at Palatana. Read More...
 
Welspun Energy enters into Solar Rooftop Business
Welspun Energy Pvt. Ltd. (WEPL), India's leading developer of  solar energy projects, has ventured into the solar rooftop segment in a big way. From building large scale ground mounted projects the EPC company has successfully constructed three projects in record time. Through cumulative 795 KW capacity, WEPL is reducing the carbon footprint by helping to generate an estimated 1,174,000 kWh of clean energy annually. Read More...
 
Tata Power honored with ISO 31000:2009 Statement of Compliance for Enterprise Risk Management System
Tata Power, one of India's largest integrated power company today announced that the Company has been awarded the ISO 31000:2009 Statement of Compliance for Enterprise Risk Management System from British Standards Institution (BSI). Tata Power is the first Indian Power Company to attain the Statement of Compliance for Risk Management System. Read More...
 
Jain Irrigation wins APEDA Golden Trophy for outstanding export performance
Jain Irrigation Systems Ltd. has been awarded the Golden Trophy by APEDA (Agricultural and Processed Food Products Export Development Authority, Ministry of Commerce & Industry, Government of India), for outstanding export performance and contribution in the processed fruits and vegetable sector for the years 2011-12 and 2012-13. Read More...
 
Softbank plans to install 10GW solar power project in India: Sources
As per media reports, Softbank is willing to fund 10,000 MW of solar power project in India. In a recent interaction with the CM of Andhra Pradesh, Softbank expressed its intentions for the funding of the solar projects, the report added.  Read More...
 
Emerson Network Power announces the 'Winter Bonanza' program
Emerson Network Power, a business of Emerson and a global leader in maximizing availability, capacity and efficiency of critical infrastructure, announced the launch of the 'Winter Bonanza' program for its channel partners in India. Emerson has unveiled this seasonal program for its uninterruptible power supply (UPS) systems (up to 20kVA) and will assist in boosting demand and incentivizing its partners. Read More...

Related Story

Open Free Demat Account (Rs699)