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Organizations and Associations» Category: Power Distributions Organizations
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New Delhi, Feb 02, 2015: Redressing the financial health of power distribution companies in the country would provide the much needed fillip to the power sector. Budgetary allocations for restructuring of their debts, grant of interest subsidy, moratorium schemes should be considered by the Finance Minister. They should be utilised promptly so that the debts do not stack up and render the allocation dated. Budget allocations for the National Electricity Fund for interest subsidy loans should be made. Creation of a power sector fund to revive stalled and financially stressed power generation projects including equity support and debt restructuring by lenders including deferring interest payment, shifting completion timelines should be considered. To redress the transmission logjam, a separate budgetary provision should be created for laying/augmenting the power transmission systems.

Re-instating the rate of depreciation on wind mills in this budget again to 80% will improve internal accrual for replacement of assets. Further, the minimum alternate tax on power sector needs to be rationalised so that the intended tax benefit and cash flow is not eroded. Also amortization of development cost should be allowed to developers under the Public-Private Partnership (PPP) / Build Operate Terminate (BOT) model although they do not ‘own’ the assets. Additionally, service tax exemption granted to activities like laying of electric cables should also be specifically extended to activities of transmission/distribution of electricity by power generating companies essential for sale of power. For service tax purposes, granting "Electricity Distribution Franchisee” same status as "Distribution Utility" should be considered. Benefits of section 32AC of the Income Tax Act, 1961 should be extended to power generating and distribution companies.

 
Organizations and Associations» Category: Power Distributions Organizations
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New Delhi, Feb 14, 2015: Appreciating NTPC`s performance and contribution to the Nation, Shri Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy said the company has still bigger goals by aligning with the national mission. Addressing NTPC`s International Power Plant Operation and Maintenance Conference in New Delhi today with theme `Fuel Adequacy` to commemorate commencement of service from its first ever generating unit at Singrauli, on the same day in 1982, he said NTPC has seen turbulences & crisis and evolved as a better organization over a period of time. Shri Goyal added that it is his target to make NTPC the world`s most valuable company in next 5 years and urged all the employees to take this as a challenge and personal commitment by providing cheap and quality electricity to the masses.

Shri D.V. Kapoor, Founder Chairman of NTPC ,Shri A S Bakshi, Member Central Electricity Regulatory Commission and former Chairperson Central Electricity Authority , Dr Arup Roy Choudhury, Chairman and Managing Director, NTPC and Shri K K Sharma , Director (Operations), NTPC Ltd also spoke during the inaugural session.

In his address, Shri D.V. Kapoor said that NTPC was created to escalate power generation at the time when India was suffering from acute power shortage. NTPC took up the challenge and emerged as most efficient company that set benchmarks for the sector, he added. He appreciated the role of Finance and HR for the success of the organization along with Engineering.

Shri A.S. Bakshi in his address called NTPC Nation`s Pride which has brought innovative practices in the sector. He said the purpose of the conference is to share and learn from each other.

Dr. Arup Roy Choudhury , CMD NTPC emphasized on the need for improvement in efficiency to bring down cost of generation. He said fuel and water are scarce and a judicious use of these two is important and need retrospection in forums like these. He spoke about the need to weed out old redundant practices with new and more efficient ones at all power stations.

Shri K. K. Sharma assured the gathering of NTPC`s commitment to efficient generation while naming environment and fuel as the biggest challenges.

The conference is being attended by over 300 delegates with power industry representatives from USA, Germany, China, Japan, Australia as well as from domestic players like TATA Power, Adani group, GMR group, and many State Sector Power companies. Power Sector Stakeholders like Indian Railways, Central Water Commission, Central Pollution Control Board, institutions like TERI and manufactures and service providers like GE, Alstom, BHEL, Hitachi, Toshiba, Mecon etc . are also participating. Seven international papers and eighty three domestic technical papers are slated to be presented during the conference.CCI Newswire

 
Organizations and Associations» Category: Power Utility Companies
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This would also be the first integrated coal mine and super-critical power plant to be commissioned in India and the largest integrated power plant and coal mine project in the world.

As announced earlier, coal production has already commenced from the Moher and Moher-Amlohri coal mines and Chhatrasal coal block has also received forest clearance and is under development. The plant has also been connected to the National Grid.

The electricity generated from the project would be sold to 14 distribution companies across seven states benefiting an estimated 35 crore people.

The Sasan Ultra Mega Power Project, is the largest integrated power plant and coal mining project in India with an estimated investment of over Rs. 23,000 crore.

J.P. Chalasani, the Chief Executive Officer of Reliance Power said: “Successful implementation of Sasan Ultra Mega Power Project is a clear demonstration of the execution capabilities of Reliance – the ability to build large power and coal mine projects ahead of schedule. I am also confident that Sasan power project and coal mine would set new benchmarks in operational efficiency”.

Read more: Reliance Power announced that the first 660 MW unit at the Sasan Ultra Mega Power Plant has been...
 
Organizations and Associations» Category: Power Utility Companies
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- Mumbai/ Delhi, April 08, 2013

In line with its philosophy of improving quality of life of the communities living around its area of operation, Coastal Gujarat Power Ltd (CGPL), a 100% subsidiary of Tata Power 4000 MW Mundra UMPP, installed solar boat lights for the fishermen community of Modhva, Mandvi Block.

This is one of the unique initiatives by Tata Power and is first of its kind among the fishermen community in Gujarat. This is an innovative green initiative to bring positive changes among fishing community of Modhva village, by lighting fishing boats using solar energy.

Project Akshay Urja Deep (Solar Boat Light System) is the outcome of an innovative model based on need expressed by end user of our services and collaborative effort of stakeholders from public and private sector. A pilot of installation of solar lighting system in fishermen boat was done in June 2012, which gave successful reflections on technical and financial viability of the project. Regular seasonal monitoring after installation of solar panel in one of the boat, Periodic feedback on actual usage of the solar light and collection of data on trends in fish catch was done by the CGPL team on site. Post installation after 6-8 months team came up with the findings indicating the successful installation and increase in yield of fish catch. Both CGPL team and fishermen community was keen to expand the project and the village development advisory committee came forward to take the ownership of the project. For the commercial viability of the cost of project CGPL team started deliberations with Fisheries department of Gujarat Government and after much of deliberations fishery department was ready to co finance the entire project. The representative from Fisheries department (Govt. Of Gujarat) has also viewed the pilot project on solar light and appreciated the efforts.

Read more: Tata Power Mundra UMPP brings in sustainable livelihood for fishermen folks in Gujarat
 
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.

 
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.

 

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