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Power Grid Corporation of India Ltd. (POWERGRID) has signed Memorandum of Understanding (MoU) with Ministry of Power, Govt. of India on March 25, 2013 detailing various targets to be achieved by POWERGRID during FY 2013-14. The MoU has been signed by P. Uma Shankar, Secretary (Power), Government of India and Shri R.N. Nayak, Chairman & Managing Director, POWERGRID.

Physical targets set forth for POWERGRID in the MoU 2013-14 include addition of Extra High Voltage transmission lines & transformation capacities. Special emphasis has been given to various activities under Human Resource Management, Research & Development, Corporate Social Responsibility and Sustainability Development, etc.

Read more: POWERGRID signs MoU with Ministry of Power, Govt. of India
 
Organizations and Associations» Category: Power Distributions Organizations
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Bharat Ratna Hon’ble Dr. A.P.J Abdul Kalam, former President of India, joins the Governing Board of GVK EMRI as Chairman Emeritus.Dr Kalam sharing his vision said “GVK EMRI 108 mission is indeed a 'mission of partnership of every human being to remove the pain and give happiness'.

Read more: Hon’ble Ex-President of India, Bharat Ratna Dr. A.P. J Abdul Kalam, joins the Board of GVK EMRI...
 
Organizations and Associations» Category: Power Utility Companies
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Emerges as Largest Solar Power Player in Punjab

New Delhi, Feb 20, 2015:
-- Selected for 74 MW solar power projects

-- ACME won bids at RFP floated by the Punjab Government

-- Total portfolio increases to 701 MWp

-- To make investment of Rs 600 crore for the project

-- ACME to generate 7500 MW solar power by 2019

ACME Group, India’s leading solar power player in India, today announced that it has emerged as the largest developer for successfully securing 74 MW of solar PV power projects under the Punjab State Solar PV Tender of 250 MW capacities, issued by Punjab Energy Development Agency.

As per the RFP document, ACME would be signing two PPAs of 24 MW and 50 MW capacity, at a tariff of Rs. 7.16/ kwh and Rs. 7.06/ kwh respectively.

Commenting on this momentous occasion, Mr. Manoj Kumar Upadhyay, Founder & Chairman, ACME said ,” We take pride in announcing our partnership with the Punjab State Government as the largest solar power developer in the State and help them in their endeavor to fuel the Solar Revolution in the country. We thank the Punjab Electricity Development Agency and offer our complete support to achieve their mission to bring down the GHG emissions through using renewable energy resources. Through our expertise, we shall bring to the state the success of renewable energy similar to that the country witnessed in the telecom sector.”

This project would entail an estimated investment of Rs 600 crore.

Punjab has the advantage of 300 sunny days and estimated potential of solar energy at 4-7 KWh/Sq.mtr of solar insolation levels. The state government aims to tap this resource for strengthening power infrastructure in the State by setting up Solar Energy based power projects so as to save the depleting resources for our future generation and to combat global warming, fast depleting conventional sources of energy and resultant increased environmental pollution and combat climate change.

 
Organizations and Associations» Category: Power Utility Companies
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New Delhi, 13 Mar, 2015: Cement maker Sanghi Industries Ltd will invest Rs. 250 crore over the next couple of years with a focus on sustainable development, innovation and conservation of energy.The company will invest Rs. 150 crore on developing a 15 mega-watts (MW) Waste Heat Recovery System (WHRS) and an other Rs. 100 crore to further develop its facilities at Navlakhi Port in Gujarat, Alok Sanghi, Director, said here on Monday.Sanghi Industries has signed a contract for installation of a WHRC at its cement plant in Kutch district of Gujarat whereby 15 MW power will be generated from the waste gases released in the air. With this technology, valuable fossil fuel and foreign exchange will be saved and there will be a significant reduction in the emission of pollutant gases, namely, carbon dioxide and sulphur dioxide, he said.

Sanghi Industries, whose plant at Abdasa in Kutch district has the capacity to manufacture 30 lakh tonnes of cement annually, will recover more than 70 per cent of waste heat generated from this plant.For conservation of coastal soil, the company will undertake mangrove plantation spread over 200 hectares on the Gujarat coast. This initiative will protect the ecology and coastal environment and improve socio-economic development.Sanghi said the company will focus on increasing efficiencies at its manufacturing facilities as well as reducing the carbon footprint by cutting down on pollutants that affect the environment. Also, in line with the Union Ministry of Shipping’s agenda to increase transportation through the coastal sea route, Sanghi Industries has set up a terminal with an investment of Rs. 50 crore at Navlakhi Port in Kutch district. “We will invest an additional Rs. 100 crore to further develop the terminal at Navlakhi as the sea route reduces our transportation cost considerably.”

Sanghi Industries, a partner for the Vibrant Gujarat Global Investors’ Summits since 2003, had signed MoUs in the areas of renewable energy and sustainable environment on the coast at the seventh edition of the event this month. It is the first company in India to have a full-fledged infrastructure, from day one, including a 63 MW power plant, a desalination plant of 5500 M3 capacity, and its own jetty to cater the needs of sea route transportation and road network.

 
Organizations and Associations» Category: Power Utility Companies
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Hyderabad, Feb 17, 2015

GVK Power & Infrastructure Limited has posted a loss of Rs. 209.12 crore for the third quarter ended December 31, 2014, as against a loss of Rs. 45.43 crore for the corresponding quarter last year.

Net sales of the diversified power and infrastructure company was, however, higher at Rs. 791.92 crore for the third quarter as against Rs. 735.09 crore for the same period last year.

During the first nine months ended December 31, 2014, the company registered total losses of Rs. 762.02 crore on a turnover of Rs. 2,203.35 crore as against a loss of Rs. 132.31 crore and total income of Rs.2,126.52 crore for the corresponding nine months last year.

While the airports and roads business boosted its performance, the power segment dragged down its numbers. The gas-based power plant starved of fuel supplies resulted in a drop in its power business and impacted the overall numbers.

DIRECTORS

The company's board today re-appointed existing independent directors, S. Balasubramanian, Ch G. Krishnamurthy and K. Balarama Reddi for five years from February 13, subject to approval of shareholders at the ensuing annual general meeting.

The company's shares were trading at Rs. 9.90, down 3.88 per cent during the day on the BSE.

 

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