Friday, December 15, 2017

Table of Contents for Ticker Tape





TICKER TAPE: POWER

BHEL BAGS GUJARAT THERMAL PROJECT ORDER

State owned power equipment major BHEL has won an order worth Rs.3,536 crore for a thermal power project in Gujarat through international bidding. The contract has been awarded by the Gujarat State Electricity Corporation for the setting up of an 800 MW super critical thermal plant at Wanakbori in Kheda district. Incidentally this is the first ever project of 800 MW unit rating ordered in the country on EPC basis and is also the highest valued order placed by GSECL. The scope of work includes design, engineering, manufacture, supply, construction, erection, testing and commissioning of the unit.

 

NTPC FOR STAKE IN COAL MINES ABROAD

NTPC has floated Expression of Interest proposals inviting coal miners to  offload stake in the wake of its ambitions to obtain coal assets abroad. The overseas move by the power producer is with a view to ensure a steady supply of imported coal for its plants. Incidentally the company generates 43,128 MW of power through its 38 power stations, imports coal to meet its fuel requirement. It will offer a long term commitment for off-take of coal.

 

POWER TRANSMISSION SCHEME FOR NE STATES

The Cabinet Committee on Economic Affairs (CCEA) has approved a scheme worth Rs.4,754.42-crore intended to strengthen power transmission and distribution in Arunachal Pradesh and Sikkim. The move will bring a significant subtraction in electricity losses while being supplied.  It is reported the current installed power capacity of Assam, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Tripura, Nagaland and Sikkim is of the order of 4,364.07 MW. Presently the T&D loss in these states is to the extent of
50 per cent. The project is expected to be implemented within 48 months from the time the Power Grid Corporation will release the first installment.

 

CENTRE FOR WIND ENERGY BOOST

The Centre has identified the coastline in Tamil Nadu and Gujarat for the development of pilot wind energy projects.  The projects will be implemented through a joint venture company after the sites are selected by the Global Wind Energy Council (GWEC), The other players who will be part of the venture besides the MNRE are National Thermal Power Corporation, Power Grid Corporation, Indian Renewable Energy Development Agency, Power Finance Corporation, Power Trading Corporation, National Institute of Wind Energy and Gujarat Power Corporation.

 

CIL IN SOLAR PROJECT LOCATION HUNT

Coal India is looking to identify places to setting up solar projects. The state owned company is currently in talks with the New and Renewable Energy Ministry to set up solar projects worth Rs.7,000 crore and having a total capacity of 1,000 MW.  Incidentally Coal India accounts for over 80 per cent of the domestic coal production. The coal company  produced 462 million tonnes (MT) of coal in the last fiscal, falling short of its target of 482 MT.  

 

ROLTA FORAYS INTO SOLAR MARKET

Rolta Power Pvt Ltd which is a subsidiary of the Rolta Group has set up a 60 MW production line for solar photovoltaic modules. The project financed from internal accruals has been set up at a cost of Rs.1000 crore. The company expects revenue of Rs.300 crore over the next 18 months from its main areas of focus which include rooftop solar projects, solar lighting and irrigation. Andhra Pradesh, Bihar, Tamil Nadu and Uttar Pradesh are being considered key markets for the products.    

 

NALCO FOR WIND POWER

National Aluminium Company has outlined plans to set up a 100 Mw wind power project at an investment of Rs.660 crore and is scouting for developers for the project. The public sector undertaking has commissioned two wind power plants in Andhra Pradesh (50.4MW) and Rajasthan (47.6) at a cost of Rs.283 crore generating  close to 150 million units of electricity. The aluminium major is also looking to put up a 14 Mw wind power project in Odisha.

 

OVL-MEXICAN EXPLORATION TIE UP

Indian Oil major ONGC Videsh and Pemex-Exploracion Y Produccion, the upstream subsidiary of Pemex, the National Oil Company of Mexico, have signed a memorandum of understanding for cooperation in the hydrocarbon sector in that country. It is reported the scope of cooperation extends to the fields of technology, human resources and research & development. It is reported Mexico, the largest crude oil producer in Latin America, offers great potential for both conventional and unconventional hydrocarbons.

 

SW ENERGY FOR JAYPEE HYDRO

Sajjan Jindal-led JSW Energy has entered into a deal with Jaiprakash Power Ventures Ltd to buy all hydro power assets of the latter company. It is reported JSW Energy with an existing operational capacity of 3,140 MW has several projects – a majority of them thermal – worth 8,630 MW currently in implementation and development phase in several states. The company’s only hydro project is the 240 MW (3 X 80 MW), run-of-the-river, hydroelectric power project being constructed on the upper reaches of Ravi in Himachal Pradesh.

 




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