Monday, September 25, 2017

Ticker Tape - Power

KINETIC-IKAROS IN JV

Kinetic Group has announced a joint venture between Kinetic and Belgium based Ikaros Solar Group which operates in the photovoltaic market. The joint venture to be known as Ikaros Kinetic Solar Pvt. Ltd. will provide customised solutions to cater to low capacity solar PV installations of 20KWp to 1 MW focusing residential and commercial roof top instillations used in educational institutes, industrial sheds, shopping malls, hotels and resorts, godowns and hospitals.  It will also cater to EPC requirements of utility scale PV projects from 1 MW and above for developers under National Solar Mission and large manufacturing facilities like steel, pharma, automobiles and textiles.

 

ADB INVESTS $50 MN IN WELSPUN

The Asian Development Bank (ADB) has invested part of a $50 million commitment of equity capital into Welspun Renewables Energy Pvt. Ltd. (WREPL). This makes it their largest direct equity investment in the renewable energy sector and follows on the heels of the recent $24 million General Electric investment in Welspun’s Neemuch project. This deal will help catalyse more private investments.  WREPL’s power plants are among the highest generating projects in the country and have been built ahead of committed timelines, thereby helping the country meet its renewable energy targets.

 

KUDANKULAM ATTAINS FULL POWER

The power output at India’s biggest nuclear reactor has been raised to its full capacity of 1000 MW since it became operational July last year. The reactors the first of two 1000 MW Russian designed commercial reactors has been able to deliver more than 1900 million units of electricity to the southern grid since October. Authorities at NPC are expected to submit regular data of the behavior of the reactor while at full power to the AERB authorities to signal their clearance for commercial operations. It is reported at full power, the reactor generates 24 million units a day. Incidentally the first unit at Kudankulam is India's 20th commercial nuclear reactor, and takes the country's installed nuclear capacity to 5,780MW. The second reactor at Kudankulam is expected to become operational later this year.

 

BHEL COMMISSIONS JINDAL ODISHA PLANT 

A 600 MW thermal unit has successfully been commissioned by Bharat Heavy Electricals at Derang in Angul District of Odisha. The unit was commissioned at Jindal India Thermal Power Ltd. (JITPL)’s upcoming 2 x 600 MW thermal power project. BHEL’s scope of work in the contract included design, engineering, manufacture, supply, erection and commissioning of Steam Turbines, Generators and Boilers, along with associated auxiliaries and electricals, besides state-of-the-art controls and instrumentation and electrostatic precipitators. It is reported work on the second unit which is expected to be commissioned at the end of the year is progressing in full swing. BHEL has so far  contracted 21 sets of 600 MW sets, out of which eight have already been commissioned.

 

PTC TO OPERATE POWERGEN ASSETS

PTC India, the country’s largest electricity sector trader has plans to own and operate power generation assets through its subsidiary PTC Energy. The news is that it may either commission Greenfield projects or acquire operational plants. It is reported there is a possibility of PTC Energy commissioning solar and wind projects or even thermal plants on its own or through joint ventures. To expand its basket of services PTC India has represented before the power ministry to allow electricity traders to bid for long-term supplies under the revised bidding norms. The company is also looking to increase volumes from its international electricity trade with neighbouring countries such as Bhutan, Nepal and Bangladesh and is not averse to engaging with Pakistan as well.

 

SUZLON-CLP INDIA TIE UP FOR 100.8MW

The Suzlon Group has tied up with CLP India, a leading investor owned power business to deliver a 100.8 MW wind power project. The project located at Tejavu in Rajasthan will comprise 48 units of Suzlon’s robust S97-2-1 MW wind turbines featuring Doubly Fed Induction Technology which is the latest addition to the company’s wind portfolio in excess of 8000 MW projects in eight states.  The association with the world’s fifth largest wind turbine firm on the project is expected to bring CLP India’s wind power portfolio to 1000 MW thus enhancing its position as a prominent independent power producer.


TATA SOLAR Power Commissions plant

Tata Power Solar has successfully commissioned 62 sites in Gujarat which includes a 1.2 MW plant for Gujarat Energy Development Agency (GEDA), a 750 kW plant for Surat Municipal Corporation (SMC) and 1.1 MW of projects across various smaller industries. The 1.2 MW solar power project at GEDA was executed at 34 different sites and is expected to generate 1.8 million units of energy. The 750 kW project for SMC which spreads over 14 sites was commissioned in three months with 100 per cent compliance of local regulatory norms. Tata Power Solar has also recently commissioned a cumulative 1.1 MW of solar roof-top projects for corporates, engineering companies, pharmaceutical units, and commercial complexes.

 




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