Tuesday, November 21, 2017

TICKER TAPE: POWER

GUNTUR TO GET 1000 MW SOLAR

Authorities in Andhra Pradesh have decided to set up a 1000 MW solar power project to in Guntur district which will address the power woes of Hyderabad and its surrounding areas. It is reported the Union power ministry will finance the project estimated to cost over Rs.6,500 crore under the National Solar Mission. The state which is also expected to secure major incentives in the form of carbon credits from the Green Power Project is further looking to attract foreign funding for its power projects. Besides the massive solar power plant APGenco has also finalised three solar projects at Kadapa, Kurnool, and Anantapur. 

 

GVK TO LAUNCH POWER PROJECTS

GVK Power & Infrastructure Limited is looking to set up commercial operations at two of its power projects. The Hyderabad based company is currently executing work at its subsidiaries the Rs  4,750-crore Alaknanda Hydro Power Company and the Rs.4,000 crore GVK Power (Goindwal Sahib) Limited both of which will start power generation this year. The company has said two units of the 330Mw Alaknanda project will be synchronised upon completion of transmission lines for commencing power generation. Further commercial operations of Units I and II of the 540 Mw Goindwal Sahib thermal power project in Punjab are expected to commence by the end of the year.

 

 

RAYS POWER WINS RAJASTHAN SOLAR TENDER

Global solar development and EPC firm Rays Power Experts Pvt Ltd has bagged a tender for the implementation of solar power projects in Rajasthan. The firm is looking to set up 500kW grid connected rooftop projects within two months time at Jaipur, Jodhpur and Neemrana as part of the fourth phase of project allocations under the Rooftop Photovoltaic (PV) projects scheme of the Solar Energy Corporation of India (SECI). It is reported SECI had invited RfS for allocation of 50 MW of solar photovoltaic (PV) rooftop projects in 21 Indian states early in the year under two models.

 

TSECL SIGNS RS 450 CR MOU WITH NEEPCO

Tripura State Electricity Corporation Ltd (TSECL) has signed a Memorandum of Understanding with NEEPCO to upgrade three power projects in Tripura at a total cost of Rs 450 crore. The power projects include 42 MW Barmura gas thermal power project, 63 MW Rukhia gas thermal power plant and 7 MW Dumbur hydro power project. As per the agreement NEEPCO will convert two gas thermal power plants into combined cycle while the Dumbur hydro power project would be renovated to increase its power generation capacity. The project work is expected to be completed within the next two years.

 

 

34 POWER COS OFFER PLANTS TO NTPC

NTPC as part of its programme of expansion – it aims to add 14,000 MW by 2017 – is looking to acquire plants belonging to power companies. The power producer has sought Expression of Interest (EOI) from state electricity boards, power generation companies, and independent power producers for offering their coal-based thermal power projects for possible acquisition. It is reported the 34 proposals have been received after NTPC asked companies to come forward with their stranded projects, which it will now evaluate for the quality of equipment, clearances achieved and fuel requirements. The proposals are expected to be finalised by the end of the year.

 

 

WORLD’S LARGEST FLOATING SOLAR PROJECT

The country’s largest hydro power generator National Hydro Power Corporation (NHPC) is looking to set up the world’s largest floating solar power project. Under a contract for technical know-how and implementation assistance with Renewable Energy College a 50 MW solar photovoltaic project will be constructed on water bodies in Kerala. While the project cost is expected to work out to about $64-72 million, the floating power plant technology and equipment required for construction of the project will be provided by the College. The first pilot plant with funding from the Ministry of New and Renewable Energy is scheduled to come up on a lake near Kolkata in October this year at an approximate cost of Rs.35 lakh.  

 

JINDAL TO EXIT ARUNACHAL HYDRO

Jindal Steel Power Limited is contemplating selling its entire stake in 1800 MW Kamala Hydro Electric Power Project in Arunachal Pradesh. It is reported the Kamala Hydro Electric Power Company Limited (formerly called Subansiri Hydro Electric Power Company) the SPV for the project was awarded to Jindal Power in 2009 in partnership with Hydro Power Development Corporation of Arunachal Pradesh Ltd (HPDCAPL). The project has been delayed as the state utility has not been able to come up with its share of funding. Incidentally JSPL had set its sights on three hydro projects in Arunachal Pradesh including the 3,097-MW Etalin project and the 680-MW Attunli project with a total capacity of 6,100 MW. The company had earmarked Rs 500 billion for the three projects to be developed under a 74:26 JV’s with HPDCAPL.




Leave a Comment

Name  
Email Address
(will not be published)    
Website
Comment