Sunday, November 19, 2017

Table of Contents for Ticker Tape





TICKER TAPE: POWER

PGCB ORDER FOR ABB

ABB has won an order worth Rs.172 crore from Power Grid Company of Bangladesh Ltd (PGCB) to provide four new turnkey substations and help expand six others, to enhance transmission capacity and boost power supply in that country. The four new 132/33kV substations will be constructed at Rangamati, Khagrachori, Bianbazar and Sunamganj. Additionally, six existing substations will undergo expansion. ABB’s project scope includes design, supply, installation and commissioning of the substations. Key ABB product supplies include power transformers, high and medium voltage switchgear, control and protection equipment and substation automation systems conforming to global IEC 61850 open communication standards.

 

NTPC TO GET INTO POWER DISTRIBUTION BIZ

State power major NTPC, which produces over a quarter of the country’s electricity output, is toying at the prospect of entering the power distribution sector. It is now bidding for distribution rights in a few cities that could open up the segment to private sector participation to bring in efficiencies in the sector. Presently a few Indian cities have private distributors through joint ventures with state utilities, a model that NTPC too is considering. It is reported NTPC will venture into distribution through its wholly owned subsidiary, NTPC Electric Supply Co, which currently is focused on turnkey execution of transmission projects, project monitoring, third-party quality inspection and consultancy.

 

INDIAN OIL TO INVEST $4 BN IN CANADA

Indian Oil Corporation (IOC) is poised to make its biggest investment in Canada in order to secure natural gas for India. It will invest $4 billion in the British Columbia province to source liquefied natural gas from the region. The PSU signed a deal in May to purchase a 10 per cent stake in shale-gas assets and a linked liquefied natural gas (LNG) project in British Columbia. It is reported the Canadian asset will produce as much as 19.68 million tonnes of LNG a year for 25 years starting in 2018.

 

600 MW BHEL THERMAL UNIT FOR MP

State-run power equipment maker BHEL has reportedly operationalised a 600 MW thermal unit in Madhya Pradesh. It is reported the facility has been commissioned at Madhya Pradesh Power Generating Company Ltd's 2x600 MW Shree Singaji thermal power project near Dongaliya in the state. It is reported the first unit of the same power project was commissioned by BHEL late last year. The scope of work includes design, engineering and commissioning of project. Incidentally BHEL contributes to more than 90 per cent of the thermal generating capacity of the state utility in Madhya Pradesh.

 

$100 MN ADB INVESTMENT FOR ACME SOLAR

The Asian Development Bank will provide assistance to Acme Solar Energy Pvt to build 200 MW of solar projects across India. Acme Solar - backed by Electricite de France SA and Eren SA — expects to build the capacity by 2016 as per the details offered in the funding proposal.

 

SUZLON WIND PROJECT FOR GUJARAT

Wind energy major Suzlon has outlined plans to develop a 300 MW offshore wind project in Gujarat. This comes in the wake of the government’s plans to create an integrated single window policy for offshore wind energy projects by next year. It is reported the company is currently about to undertake a techno commercial study for the proposed wind project. The construction of the project will begin sometime next year.

 

Rs.7800 TANGEDCO CONTRACT AWARDED

Tamil Nadu Generation and Distribution Corporation Ltd. (TANGEDCO) has awarded an EPC contract worth about Rs.7800 crore to state power equipment major BHEL. The contract is for setting up a 1,320 MW thermal power project in Tamil Nadu. The EPC contract from the company said in a statement. It is reported the order is for setting up a 2x660 MW coal-fired thermal power project at the Ennore Special Economic Zone which will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land. The scope of work includes design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC Package. The equipment for the contract will be manufactured at Bhel's Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Bangalore and Jhansi plants, while the company's Power Sector - southern region will be responsible for civil works and erection or commissioning of the equipment.

 

NTPC TO INVEST $810 MN IN SOLAR

Government power major NTPC has outlined plans to soon set up a 750 MW ultra mega solar photovoltaic power project. According to company officials, the $810 million project will come up in Madhya Pradesh. The project is seen as a major milestone in the company’s near-term target to install 3,500 MW solar power capacity over the next five years. It is reported a large portion of the 3.5 GW capacity will come up in the states of Andhra Pradesh and Telangana where NTPC intends to install similar ultra-mega solar power projects.

 




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