Thursday, October 19, 2017

TICKER TAPE: POWER

RIL for natural gas boost

As part of its plan to raise its profile in 2015-2016, Reliance Industries Limited(RIL) is looking to commence production of natural gas from coal seams from blocks in Madhya Pradesh. The first gas from two coal bed methane CBM blocks at Sohagpur is expected to produce 3.5 million standard cubic meters per day. Phase-1 of the exercise will involve drilling and completion of 229 wells and installation of 2 gas gathering stations. Currently land acquisition and engineering work for surface facilities is in progress. The company, through its subsidiary Reliance Gas Pipelines Ltd, is to lay a 312-kilometre pipeline to transport 4.3 million standard cubic metres per day (mmscmd) of coal gas from Shahdol in Madhya Pradesh to Phulpur in Uttar Pradesh where it will be hooked to GAIL India Ltd's Hazira-Vijaypur-Jagdishpur trunk gas pipeline for onward supply of gas to consumers.

 

ONGC for 26 % stake in Ennore LNG terminal

Oil & Gas Corporation is in discussions for a 26 per cent stake in Indian Oil Corporation’s 4,320 crore liquefied natural gas import plant at Ennore as part of its Perspective Plan 2030 boost. The 5 million tonne per annum LNG terminal is expected to be completed in two years time. Power and fertiliser plants in the vicinity of Ennore need 12-14 mmscmd of gas which is equivalent to 2.5 million tonne of LNG.  

 

Kudankulam nuclear delayed

Commercial operation at the two 1000 MW Russian nuclear power plants at Kudankulam slated to commence is expected to be further delayed. The total outlay for the project is over Rs 17,000 crore. While the first plant is expected to be completed this month, the second unit will come up in October.  Kudankulam Nuclear Power Plant is the country’s first pressurised water reactor belonging to the light water reactor category.

 

Fernas Construction targets Rs 1,500 crore revenue by 2014-15

Turkish multinational Fernas Construction is targeting revenue of Rs 1,500 crore by 2014-15 from its Indian operations. The New Delhi based firm which operates as an EPC contractor in the oil and gas space has an order book in excess of Rs 2,400 crore and has qualified to submit financial bids for projects worth over Rs 9,800 crore. The company is also looking to use its Indian unit as a base to bid for projects in South East Asia, the Middle East and Africa. It will take help of the parent firm to enter the market and capitalise the high demand for crude, refined oil and gas and derivative products. The Fernas group made a foray into India in 2009 to build GAIL India's Dahej-Vijaipur pipeline project worth Rs 450 crore and in the following year incorporated Fernas Construction India, a wholly owned subsidiary. It is currently executing projects worth  Rs 2,400 crore for ONGC Petro, Indian Oil and Gujarat State Petronet. The company which has entered tie ups with international technology suppliers is also in the process of acquiring an engineering company.

 

Delhi to face 10 hour power cuts

BSES Yamuna Power Ltd has warned daily reduction in power supply to sections of New Delhi on the pleas of absence of funds to pay public sector generation units for power supplies. The discom has informed the Delhi government that it could lose power supply in excess of 500 MW if the generation units do not extend credit and allow it time to clear its dues. It has further said that it would have to resort to daily cuts of up to 10 hours.

 

CCI clears three hydro projects

Three hydro power projects which have been stonewalled due to environmental reasons have been cleared by the Cabinet Committee on Investment. Tawang (800 MW) and Tato (700 MW) in Arunachal Pradesh and Teesta (520 MW) in Sikkim are the projects which have been pending approvals for a long time. Incidentally Teesta Stage-IV Hydroelectric Project, bagged by NHPC, has a project cost of Rs. 3,594.74 crore, is intended to supply electricity to Sikkim, West Bengal, Bihar, Orissa and Jharkhand, and is expected to be commissioned in 2012.

 

 

QUICK TAKES
  • RIL repairing disused KG-D6 wells to increase gas output
  • Moser Baer Solar rides on Japanese market boom
  • India, UAE ink MoU on renewable energy cooperation.
  • S. Korea looking to set up nuclear power plant in India



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