Godrej Agrovet raising second round of equity

The fundraising plan of Godrej Agrovet Limited (GAVL) is attracting global private equity majors -Kohlberg Kravis Roberts (KKR) and Apollo Global management LLC (Apollo) have evinced interest to buy stake in the Mumbai-based Agri-poultry business firm. KKR and Apollo are in early stages of discussion with Godrej Agrovet management and more private equity players have shown interest for the stake.
GAVL is engaged in manufacturing agriculture and poultry based products, is looking to raise

Godrej Agrovet, GAVL, Apollo, Godrej poultry, private equity

Hydro Power Potential in Uttarakhand

Uttarakhand has an estimated potential of around 21,000 MW out of which around 2,808 MW is in operation. Adopting a multidimensional approach to development, Government of Uttarakhand (GoU) has allotted hydro-projects to State Sector (UJVNL), Central Sector (NTPC, NHPC, THDC and SJVNL) and to private sector during 2004 to 2006. The projects allotted to UJVNL aggregate to 3,702 MW of which 1,304.7 MW is in operation, 519.2 MW is under construction and the rest 1,878.1 MW is under Development.

Uttarakhand, UJVNL, hydro power, hydro power allotted, hydro power potential

Uttarakhand, UJVNL, hydro power, hydro power allotted, hydro power potential

Group of ministers (GoM) approves Land Acquisition Bill

The group of ministers (GoM), looking into the Land Acquisition Bill, has approved the final draft.
The bill will be introduced during the winter session of Parliament. The final draft states that land acquisition for private sector projects would require approval of only 66 per cent (two-thirds) of the landowners as against the earlier 80 per cent. The original bill stated that the compensation and rehabilitation provisions would apply retrospectively to the ongoing land transfers,

Land Acquisition Bill, GoM, final draft of land, Group of ministers (GoM), Parliament

Revised plan for RIL's MA oilfield

The revised plan for development of MA oil field envisages drilling of additional gas well and conversion of two oil wells in gas to accelerate production of reservoir gas. Though Management Committee formed by government headed by the Directorate General of Hydrocarbons (DGH) with representatives of the operator (RIL) and its partners (BP of UK and Niko Resources of Canada) is yet to sign the revised plan.
RIL is the operator of the KG-D6 block with 60% stake. BP plc holds 30% while Niko has

RIL, MA oilfield, oil gas Revised plan, Dhirubhai-26 or MA discovery, KG-D6 block

Revised plan for RIL's MA oilfield

The revised plan for development of MA oil field envisages drilling of additional gas well and conversion of two oil wells in gas to accelerate production of reservoir gas. Though Management Committee formed by government headed by the Directorate General of Hydrocarbons (DGH) with representatives of the operator (RIL) and its partners (BP of UK and Niko Resources of Canada) is yet to sign the revised plan.
RIL is the operator of the KG-D6 block with 60% stake. BP plc holds 30% while Niko has

RIL, MA oilfield, oil gas Revised plan, Dhirubhai-26 or MA discovery, KG-D6 block

Rail link project to connect Imphal

The Cabinet Committee on Infrastructure (CCI) on Thursday approved the Railway Ministry’s proposal to extend the new broad gauge rail-link from Imphal Road (Tupul) to Imphal and the updated cost of the entire project as Rs 4,444 crore. The project, on which Rs 682 crore has been spent till March 31, 2011, will be funded 25 per cent from General Budgetary Support (GBS) for Railways and 75 per cent from the Finance Ministry. The project will be completed by March 2016.
This project will cover

Imphal Rail link project, Railway project imphal

50 power plants are devoid of coal supply

The government power planning body Central Electricity Authority (CEA) has stated that the power generation capacity of as many as 47 power plants in the country has been severely affected due to acute shortage of coal. About 65,000 MW of generation capacity is held up hostage due to fuel shortage supplied by state run Coal India Limited (CIL). These plants are categorized as stations with critical coal stock position which means it has less than seven days by CEA.
India's thermal power

peak shortfall, peak load, acute shortage of coal, coal supply, generation affected

Power Islanding

The power islanding is done at the transmission level, large sections of a utility, state or region may be cut off from other sections in order to preserve the electrical system during major system disturbances and block cascading outages. These protection systems operate very fast and keep generation and load in balance.
When a generating unit trips, a corresponding block of load is immediately tripped. Within minutes, other generators increase their output and when spinning reserve and

Power Islanding, power systems operate, power load, power block, transmission sections, what is Power Islanding

DRIVERS OF SMART GRID IN INDIA

The Indian power system is the 4th largest in the world, having an installed capacity of 205 GW. The target set for the 12th Five Year Plan (2012-17) covers generating 95 GW capacity (including renewable). The transmission grid in India has 765kV/400kV lines of 03,000 ckms and 220kV lines stretching to 132,000 ckms. The sector has high TD losses amounting to nearly about 30 per cent (50 per cent in several states). Almost 400 million people in the country have no access to power and large parts

SMART GRID, grid losses, Indian power, Peak load management, transmission grid, DRIVERS OF SMART GRID

Smart Grid - Metering and Reading

SMART METERING
The heart of the smart grid is smart metering, not only of end users but of every stage of the network, from the bus bar to customer premises. According to the United States Agency International Development (USAID), it was a simple step to extend this into the customer's premise to enable the use of state-of-the-art computing and telecommunications technology to manage household electricity consumption in what is called a home area network. The next extension to the concept was

smart grid, smart metering, smart reading, Automatic meter reading, United States Agency International Development (USAID), OPEC Oil Cartel, demand-side management, smart meters

What is Smart Grid

The smart grid vision and road map is ready for India as mapped by India Smart Grid Forum covering 3 five-year plans from 2012 to 2027. The 'smart grid vision' involves transforming the Indian power sector into a secure, adaptive, sustainable and digitally enabled ecosystem by 2027 that provides reliable and quality energy for all with active participation of stakeholders.

A smart grid is the integration of information and communications technology into electric transmission and distribution

smart grid vision, electricity technology, India Smart Grid Forum, what is smart grid

Thermal power plants in Vidarbha may impact the environment

The drought-ravaged Vidarbha region is the place where as many as 89 thermal power plants have been lined up in the region that locals fear will destroy fertile agricultural land and cripple farmers. These plants will require 1,942 million cubic metres of water, originally meant for agriculture, and impact the irrigation potential of 4.82 lakh hectares of land, an area 12 times the size of Greater Mumbai.
The thermal power plant set up by Indiabulls Pvt Ltd, had faced major protests in the

Thermal power plants, Vidarbha, million cubic metres of water, originally irrigation, land lakh hectares nagpur

Coal India to pay penalty if it fails to supply coal

Coal India Ltd. (CIL) who has recently signed the fuel supply agreements (FSA) with Independent Power Producers (IPP) to supply coal for meeting 80 % of the demand required for thermal power projects of 60,000 MW capacities in aggregate. To give planning to supply this coal, CIL said it is ready to meet 65 % of the power companies’ fuel requirement for the first two years through domestic production. Further, CIL is also thinking of import at ‘cost plus basis’ only if buyers need more

FSA, power coal, supply coal, limit fixed by CIL, Coal India, CIL, fuel supply agreements (FSA), 80% coal supply

India's nuclear power may be insufficient to meet demand

India’s Department of Atomic Energy (DAE) has always though promised but never delivered. In the 1970s, DAE projected that by FY 2000 there would be 43 GW of installed nuclear capacity. In FY 2000, the nuclear power's installed capacity was actually 2.7 GW. On March, 2012, nuclear power constitutes hardly 2% of the total electricity generation capacity.
This is going to be like this because India is pursuing an unreliable technology in Fast breeder reactors (FBRs). The DAE’s plans involve

nuclear power, DAE, India's nuclear power, breeder reactors, FBRs, Department of Atomic Energy, Fast breeder reactors (FBRs)

India to buy Uranium from Australia

The Australian Prime Minister Julia Gillard and Indian Prime Minister Manmohan Singh in the Indian capital of New Delhi have talked about reviving the uranium trade between Australia and India. Post meeting, both sides announced that they would launch talks on civil nuclear cooperation that would pave the way for the sale of uranium.
Uranium is scarce commodity which is required for India’s expanding civil nuclear power program, primarily for tackling the chronic electricity shortages in

Uranium, India - Australia deal, buy coal, uranium trade, civil nuclear cooperation, uranium exports, uranium reserves,

India to go for underground mining (UG) for coal

The 75 % of India's coal demand is met by domestic production and, according to government plans, that won't change over the next five years. However, India is running out of cheap open-cast coal from existing mines. Unless it starts investing now in underground mines, within a decade it will face a huge leap in energy import costs that could derail industrial projects, crimp economic growth and drive up inflation. The ballooning demand for coal in India, open-cast mining has become the easy

open cast, underground mines, open-cast coal, CIL, Coal India, underground mining, Mining and Drilling, open cast, open-cast

India to go for underground mining (UG) for coal

The 75 % of India's coal demand is met by domestic production and, according to government plans, that won't change over the next five years. However, India is running out of cheap open-cast coal from existing mines. Unless it starts investing now in underground mines, within a decade it will face a huge leap in energy import costs that could derail industrial projects, crimp economic growth and drive up inflation. The ballooning demand for coal in India, open-cast mining has become the easy

open cast, underground mines, open-cast coal, CIL, Coal India, underground mining, Mining and Drilling, open cast, open-cast

Energy Facts India - renewable energy

India is currently facing an energy gap in supply and demand which is slowing down industrial growth thereby economic progress. India plans to tackle this by investing in renewable energy i.e. biomass, solar, wind and geothermal energy. Currently the installed capacity in the renewable space is about 40 GM. The top renewable energy facts of India are:

India solar power aims to increase from virtually zero to 20,000 MW by 2022.
The recent $600 Mn Gujarat solar park marks a rise in the

renewable energy, India solar power, biomass, energy gap, biomass, solar, wind and geothermal energy

Vedanta Aluminium Ltd to restart Odisha refinery

Vedanta Aluminium Ltd (VAL) is an associate company of the London Stock Exchange listed, 100 diversified resources group Vedanta Resources Plc. VAL will first start its captive co-generating plant (CPP) to generate steam, necessary for running the refinery. It may be noted that along with shut down of the refinery, VAL had also closed its CPP as there was no consumption of steam.
Nearly 40,000 tonne of bauxite have reached at refinery premises. The raw material have been sourced from Balco's

VAL, bauxite refinery, Vedanta Aluminium, Odisha, Vedanta Aluminium Ltd (VAL), Gujarat Mineral Development Corporation

Setting up new medical colleges : Government opening up

The establishment of new medical colleges across the country would be easy now. To meet the ever growing demand of doctors government is in the process of liberalising norms and doing away with old archaic rules. Ministry of Health has asked the Medical Council of India (MCI), a medical education regulator to redefine its norms for setting up medical colleges. Accordingly there would be about 6,000 new MBBS additional seats would be available in the next year. This may help to reduce the

medical colleges, Government,MCI, easing of norms, multi-storey buildings as medical colleges

Type of Bonds

Bonds are generally considered long-term obligations. Nevertheless, since there is trading in the secondary market for some types of bonds, it is possible to buy and sell such bonds at any time. Bonds are issued by entities seeking funds for a variety of reasons.
Corporations issue bonds often for expansion purposes, when they have determined that extension of their long-term debt obligations is a better strategy than to expand their ownership base through the issuance of additional stock.

BONDS, federal government, issued, LONG-TERM bonds, variety of bonds, trading bonds, short-term notes, government bonds, corporate bonds, and foreign government bonds, convertible

BONDS

Bonds are debts to the issuers, whereas they are investments to buyers. Such debts appear on balance sheets of the issuing entities as long-term liabilities.

Bonds provide a source of funds for the issuer and a payment to the buyer in the form of interest. Both bonds and stocks are referred to as securities, yet the two are different types of

BONDS, what are bonds, types of investments, securities

BANKRUPTCY

In 2005 the U.S. Congress enacted profound changes to the Bankruptcy Reform Act of 1978. Known as the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the amendments were designed to correct perceived abuses by debtors who allegedly took advantage of the pro-debtor tone and provisions of the 1978 statute. The emphasis has been shifted from a pro-debtor enactment to one favoring creditors.
The basic premise for enabling debtors to file for bankruptcy is to have a “fresh

debtors, Bankruptcy Code, creditors, Abuse, Congress, Bankruptcy chapter 7, 11, and 13, Bankruptcy Reform Act of 1978, Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

BALANCE OF TRADE

Even though the United States is well endowed with both human and natural resources, as well as the ways and means to use them in the production and distribution of goods and services, it cannot provide its people with all that they want or need. For this reason, the United States engages in international trade, which is the exchange of goods and services with other nations. Without international trade, goods would either cost more, not be available, or, if available, be of unreliable

BALANCE OF TRADE, Middle East has rich oil reserves, fishing industry, international trade

Namco Corp Limited (NCL)

NCL was incorporated as Namco Steels Private Limited in 2007 and was converted to a public limited company in 2009. It is the flagship company of the Namco group based at Indore. NCL is mainly engaged in trading of different kinds of flat steel products and shredded scrap. Longrange Infrastructure Private Limited and Namco Industries Private Limited are group companies of NCL. LIPL is engaged mainly in the trading of coal whereas NIPL is setting up a plant to manufacture steckel-cum-plate mill

NCL, Namco, Namco Corp Limited

LIC HOUSING FINANCE LIMITED

Strengths of Company:
i) strong parentage with Life Insurance Corporation of India (LIC), country’s largest life insurer, holding 40.31% stake in the company
ii) demonstrated financial, managerial, operational and marketing support.
iii) long-standing track record and market position, comfortable liquidity position, comfortable capitalisation and asset quality parameters.
Company Brief
LIC Housing Finance Ltd. (LICHF) was promoted by Life Insurance Corporation of India (LIC) with the

LIC HOUSING FINANCE, LICHF, Life Insurance Corporation of India, LIC

Indian firms applying for debt restructuring

The global and domestic economic slowdown is beginning to affect small and mid-sized companies in the country unable to withstand their interest payments. Number of companies that have come up for debt recast with a cell promoted by all banks has almost doubled to 70 in the first six months of the current financial year as compared with 36 in the year ago period.
According to bankers, besides the usual cases of textile and sugar manufacturing units, increasingly, mid-sized iron steel units (as the mines they procure raw materials (iron ore and coal) from have been mired in environmental problems. Importing raw materials is a costly proposition with implications for profitability), hotels (facing oversupply, thereby impacting room rentals) and engineering, procurement and construction (EPC) contractors (facing environment clearance and land acquisition problems), the infrastructure space are coming up for restructuring.

Read more @:

• Srei Infra sinks on recovery of Kingfisher loan
• A targeted framework for reduction of short-term power purchases.
• Indian State Electricity Boards (SEBs) and their problems
• The net non performing assets of the banking sector are increasing at an alarming rate
• HMT adopting strategy for revival

The aggregate debt exposure of the 70 companies is 54 per cent higher at about Rs 39,700 crore in the reporting period compared with the aggregate debt exposure of the 36 companies at about Rs 25,700 crore in the year-ago period. About 48 companies with debt up to Rs 500 crore, 12 firms with debt over Rs 500 crore and up to Rs 1,000 crore, and 10 with debt over Rs 1,000 crore have applied with the Corporate Debt Restructuring (CDR) Cell.
The CDR Cell was floated by banks in 2001 to turnaround the fortunes of companies facing financial difficulties due to factors beyond their control and also due to certain internal reasons. The restructuring done using following measures;
i) reduce the interest rate,
ii) reschedule repayments, and;
iii) convert working capital irregularity into working capital term loan.
In the reporting period, the average debt size per company that has come up for restructuring was lower at Rs 567 crore, against Rs 714 crore in the year-ago period.
Among the bigger cases that have been admitted/referred to the CDR Cell in the first half are: Deccan Chronicle Holdings (banks’ debt exposure: Rs 4,000 crore), Indu Project (Rs 2,800 crore), Visa Steel (Rs 2,500 crore), Varun Industries (Rs 1,750 crore), Ind Swift Ltd (Rs 1,700 crore), Konaseema Gas Power Ltd (Rs 1,470 crore), and ICOMM Tele (Rs 1,360 crore).

Enterprise resource planning (ERP) systems

Enterprise resource planning (ERP) systems are large-scale information systems that affect an organization’s AIS. These systems permeate all aspects of the organization and require such technologies as client/server and relational databases. Other system types that affect AISs are supply chain management and customer relationship management.
Traditional AISs recorded financial information and produced financial statements on a periodic basis according to GAAP pronouncements. Modern ERP

Enterprise resource planning (ERP) systems, erp, erp systems

post sectors

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Indian firms applying for debt restructuring

The global and domestic economic slowdown is beginning to affect small and mid-sized companies in the country unable to withstand their interest payments. Number of companies that have come up for debt recast with a cell promoted by all banks has almost doubled to 70 in the first six months of the current financial year as compared with 36 in the year ago period.
According to bankers, besides the usual cases of textile and sugar manufacturing units, increasingly, mid-sized iron steel units (as

Corporate Debt Restructuring, CDR Cell, debt restructuring, CDR

Thermax bags Rs 280 cr order for power plant in North East

Pune based Industrial energy solutions provider Thermax has won a Rs 280 crore EPC order for a combined cycle extension power project from a leading Government of India Enterprise in the North East. Scope of work for Thermax includes design, engineering, procurement, construction, installation and commissioning of the project on a turnkey basis.
The 2 x 24.5 MW project is part of the company’s process of converting its existing gas turbine based power plant into a combined cycle power

Thermax, Rs 280 crore EPC order, Scope of work for Thermax, gas turbine based power plant, Thermax has contracted

Issues in licensing for auction winners

The Finance Ministry has raised concerns about the licensing policy being adopted by the Department of Telecom (DoT) for the upcoming spectrum auction to be held in November. DoT had decided to issue fresh licences under the new unified licence regime to spectrum winners.
There are a number of issues around the new unified licensing regime for instance, the DoT had earlier planned to usher the new regime at three levels — pan India, circle level and district level but this ran into rough

Finance Ministry, concerns, licensing policy, Department of Telecom, DoT, upcoming spectrum auction, DoT, fresh licences, new unified licence regime, spectrum winners

Adani on Australia coal plans

Adani group is to secure funding for the Carmichael coal mine in Queensland, Australia, by the end of the year. The Adani group aims to start production in 2014 and build up to annual output of 60 million tonnes by 2020. Adani Group could reduce its debt-to-equity ratio to below one by 2015 if its power firm, Adani Power Ltd is allowed by Indian authorities to pass on more of the increasing cost of imported fuel to end users.
Global miners, including BHP Billiton (BHP.AX), Rio Tinto (RIO.AX)

Adani group, Carmichael coal mine in Queensland, Australia, adani power plans

Thoughts on Coal Resources

The future of Indian power generation is through domestic coal. And the coal industry must grow at the same rate as the power sector. How can we base our growth on some other country’s resources? We cannot. Therefore, we must consume our own resources first. India is producing around half a billion tonne of coal every year and we need to double our production. What is the fun in increasing profitability by raising prices? Productivity must be increased if business is to be done.
How can we

coal prices India, coal resources India, quality of coal

Concentrated Solar Power (CSP) in India

The concentrated solar power, a specific-type of solar energy system involving mirrors and concentrated solar light, could be a key tool in achieving a secure and diversified energy future for India. From energy efficiency to clean energy sources like solar power, the Indian government is taking significant steps to spur new clean energy industries and ensure reliable electricity into the future. Today’s report, released in partnership with the New Delhi-based Council on Energy, Environment

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India can meet its energy needs with Solar

From 500 watts peak to 1,000 watts peak, the solar power packs produce clean, emissions-free renewable electricity sufficient to meet basic household needs. Hyderabad solar energy systems provider RenewAbility offers Indian households Solar PV Power Packs that are complete, turnkey home solar power systems. They include an array of PV panels that can be roof or ground-mounted, a PV charge controller, battery bank for energy storage a DC-AC power inverter and an optional connection to the grid.

roof-top solar in India, RenewAbility, Solar integrated systems

Solar energy enough to meet India's Power Demand

According to the analysis by Hiremath Mitavachan and Jayaraman Srinivasan of IISc’s Divecha Centre for Climate Change, 4.1 per cent of the total uncultivable and waste land area in India is enough to meet the projected annual demand of 3,400 terawatt-hour (TWh) by 2070 by solar energy alone (1 terawatt-hour per year equals 114 megawatts). The land area required can be brought down to 3.1 per cent if other potential renewable energy sources are harnessed.


solar power plant

The

IISC Solar, solar meets India's demand, total uncultivable and waste land area in India, solar energy alone

The net non performing assets of the banking sector are increasing at an alarming rate

The net non-performing assets of the banking sector are increasing at an alarming rate crossing Rs 2 lakh crore for FY March 2013 from Rs 1.57 lakh crore as at June 2012, according to Assocham. Besides, the continuing pressures on the Indian economy may also result in pushing the NPA ratio from 2.94 in June end to about 3.75 by the end of the current fiscal, according to a study by the industry body.
Issues like rising trends in stress assets, increased provisioning, issues of the asset

NPA., net non-performing assets, NPA ratio, Banking sector NPA, increasing npa

Srei Infra sinks on recovery of Kingfisher loan

Kingfisher Airlines (KFA) has a debt of about Rs 7,000 crore. Seventeen banks have given loan to KFA which include banks like State Bank of India, Bank of India, Bank of Baroda and Punjab National Bank. Srei Venture Capital a debt fund of Srei Infrastructure had bought out the entire exposure of ICICI Bank, worth Rs 430 crore, in the ailing airlines. The recent deadlock between the management and employees over salaries has made lenders to release some funds from bank accounts that were

Kingfisher Airlines, debt fund of Srei Infrastructure, exposure of ICICI Bank, worth Rs 430 crore, in the ailing airlines.

Supreme Court order halting extraction and transportation of ore in Goa

Supreme Court order halting extraction and transportation of ore in Goa
The Supreme Court halted the extraction and transportation of the ore in Goa and also formed a Centrally Empowered Committee to examine the illegalities
The Goa Chamber of Commerce and Industry (GCCI) feels that the apex court should have spared the legal mining industry in its verdict. The GCCI has said that an investment of Rs 1,200 crore has been locked due to current imbroglio in the mining sector.
The mine owners

extraction and transportation of the ore in Goa , mining ban in goa, order halting extraction and transportation of ore, GCCI

Fuel supply agreements (FSAs) and price-pooling for imported coal.

Fuel supply agreements (FSAs) and price-pooling for imported coal.
The Prime Minister’s Office (PMO) directed power companies facing coal shortage to sign fuel supply agreements with Coal India by November 15, 2012. The Pooling of prices for coal imports will be discussed with Central Electricity Authority (CEA) and Coal India.
The coal ministry is currently going through a report submitted by Crisil on auctioning coal blocks which will be analyzed by the end of the month. After this

fuel supply agreements with Coal India, Fuel supply agreements, Pooling of prices for coal, FSAs, Coal India

First Solar with Kiran Energy and Mahindra Solar for Rajasthan ...

First Solar has understanding with Kiran Energy Solar Power and Mahindra Solar One to provide thin-film solar modules for two solar photovoltaic power plants to be constructed in India’s Rajasthan state by these solar companies. The two plants will total 50 megawatts upon completion, when they will be one of India’s largest photovoltaic installations. They will generate an average of more than 85,000 megawatt-hours of clean electricity per year, which in India is equivalent to the annual

Jawaharlal Nehru National Solar Mission (JNNSM), First Solar, Kiran Energy Solar Power, Mahindra Solar One, solar photovoltaic power plants, thin-film solar modules

A targeted framework for reduction of short-term power purchases.

As per the incentive package, State Electricity Boards (SEBs) taking part in the restructuring, have to cut down their short-term power purchases by 5-10% year on year, taking 2011-12 as the reference year.
The cost of short-term power purchase was being seen as one of the major reasons behind the deterioration of financial health of the SEBs. Hence, the power ministry agreed for the introduction of a framework for capping it. The planned reduction in the short-term power purchases will

http://projectfinancetoday.com/?p=900

India : future of Smart Grid

India is suffering from huge aggregate technical and commercial losses (AT&C) losses both technical and non-technical (primarily theft). The national average is close to 30 %. Although it can be as high as 50 percent for few utilities while for well managed utilities still over 15 %. The developed country like U.S is at about 7 %.
The utilities in India are not required to report detailed loss percentages, and everything ex.
i) from transmission and distribution loss
ii) stealing
is

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India : future of Smart Grid

India is suffering from huge aggregate technical and commercial losses (AT&C) losses both technical and non-technical (primarily theft). The national average is close to 30 %. Although it can be as high as 50 percent for few utilities while for well managed utilities still over 15 %. The developed country like U.S is at about 7 %.
The utilities in India are not required to report detailed loss percentages, and everything ex.
i) from transmission and distribution loss
ii) stealing
is

Read more ...

Reliance Industries Limited (RIL) has collected up to $1.5 billion through an overseas bond sale progamme

Reliance Industries Limited (RIL) has collected up to $1.5 billion through an overseas bond sale progamme adding to annual tally of $4 billion so far. RIL is the flagship company of the Reliance (Mukesh Ambani) Group, founded by Mr. Dhirubhai H. Ambani. The group is India's largest private sector enterprise with its core businesses ranging from exploration and production of oil and gas to petroleum refining and marketing and manufacture of petrochemicals such as polyester, fibre

RIL, Reliance Industries Limited, overseas bond sales

Private Power Companies to contribute 60% of total 12th Plan target

The Indian power companies from the private sector are expected to contribute over 60% of the total power generation capacity addition targeted for the 12th Five Year Plan. The private sector is expected to add around 54,000 mw of capacity during the 12th Plan out of the 88,000 mw target.
As on date, thermal capacity of about 85,000 mw is under construction across the country, of which nearly 63% is being undertaken by the private sector. In the 11th Plan period, which concluded last year

Indian power companies, 60% of the total power generation, 12th plan

First Solar and US Exim financing for Solar

The U.S. Export-Import Bank (US-Exim bank) has financed $84.3 million direct loan to Dahanu Solar Power who purchased the Solar modules from First Solar for a 40-MW PV plant in Rajasthan. This was due to a lack of available long-term financing at commercially feasible terms
First Solar’s big advantage is its low panel-manufacturing cost, who offers an edge on utility-scale projects in hot weather locations for example India
At high temperatures upwards of 40 degree celcius, all photovoltaic

Jawaharlal Nehru National Solar Mission, U.S. Export-Import Bank (US-Exim bank), JNNSM, First Solar

Private Power Companies to contribute 60% of total 12th Plan target

The Indian power companies from the private sector are expected to contribute over 60% of the total power generation capacity addition targeted for the 12th Five Year Plan. The private sector is expected to add around 54,000 mw of capacity during the 12th Plan out of the 88,000 mw target.
As on date, thermal capacity of about 85,000 mw is under construction across the country, of which nearly 63% is being undertaken by the private sector. In the 11th Plan period, which concluded last year

Indian power companies, 60% of the total power generation, 12th plan

First Solar and US Exim financing for Solar

The U.S. Export-Import Bank (US-Exim bank) has financed $84.3 million direct loan to Dahanu Solar Power who purchased the Solar modules from First Solar for a 40-MW PV plant in Rajasthan. This was due to a lack of available long-term financing at commercially feasible terms
First Solar’s big advantage is its low panel-manufacturing cost, who offers an edge on utility-scale projects in hot weather locations for example India
At high temperatures upwards of 40 degree celcius, all photovoltaic

Jawaharlal Nehru National Solar Mission, U.S. Export-Import Bank (US-Exim bank), JNNSM, First Solar

Solar VC funding in FY 2012 drops

Venture capital (VC) funding in the solar sector in the third quarter of 2012 was down to its lowest levels since the year it started in India i.e. 2008, totaling just $72 million in 14 deals compared to $376 million in 32 deals in second quarter of same year.
The major VC deal this quarter was concentrating photovoltaic (CPV) company SolFocus with $15 million funding. Most of the year-to-date VC funding went to solar downstream ($258 million) and thin film companies ($246 million).
This

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Indian State Electricity Boards (SEBs) and their problems

The markets have been euphoric about the proposed plan for the power sector, which includes :
i) restructuring the debt of loss-making state electricity boards (SEBs) and improving their operational efficiencies.
ii) recent hike in power tariffs in almost 20-plus states
However, considering the SEB’s financial viability, going forward especially through tariff hikes and TD loss reduction, this restructuring package may go down the same path as the One Time Settlement Scheme of

State Electricity Boards (SEBs)

Solar VC funding in FY 2012 drops

Venture capital (VC) funding in the solar sector in the third quarter of 2012 was down to its lowest levels since the year it started in India i.e. 2008, totaling just $72 million in 14 deals compared to $376 million in 32 deals in second quarter of same year.
The major VC deal this quarter was concentrating photovoltaic (CPV) company SolFocus with $15 million funding. Most of the year-to-date VC funding went to solar downstream ($258 million) and thin film companies ($246 million).
This

Read more ...

Indian State Electricity Boards (SEBs) and their problems

The markets have been euphoric about the proposed plan for the power sector, which includes :
i) restructuring the debt of loss-making state electricity boards (SEBs) and improving their operational efficiencies.
ii) recent hike in power tariffs in almost 20-plus states
However, considering the SEB’s financial viability, going forward especially through tariff hikes and TD loss reduction, this restructuring package may go down the same path as the One Time Settlement Scheme of

State Electricity Boards (SEBs)

Nine IPPs to start power production by 2014 in Odisha

Orissa state government has signed 29 MoUs with IPPs, out of which only Sterlite Energy and Arati Power have started power production. Out of this about nine other IPPs will operationalise their power plants are GMR Kamalaga Ltd, Jindal India Thermal Power Ltd, Monnet Power Company Ltd, Lanco Babandh Power Ltd, CESC Ltd, KVK Nilachal Power Ltd, Ind Barath (Utkal) Energy Ltd and Maa Durga Thermal Power Company Ltd by FY 2014.

Further, these private power companies have been asked to furnish

orissa power plant

Nine IPPs to start power production by 2014 in Odisha

Orissa state government has signed 29 MoUs with IPPs, out of which only Sterlite Energy and Arati Power have started power production. Out of this about nine other IPPs will operationalise their power plants are GMR Kamalaga Ltd, Jindal India Thermal Power Ltd, Monnet Power Company Ltd, Lanco Babandh Power Ltd, CESC Ltd, KVK Nilachal Power Ltd, Ind Barath (Utkal) Energy Ltd and Maa Durga Thermal Power Company Ltd by FY 2014.

Further, these private power companies have been asked to furnish

orissa power plant

India to Make semi perpetual Thorium based Fast Breed Reactor

What is Thorium ? what's its important to India?
The Fast Breeder Reactor, which is used to generate the power in the atomic power plant, uses a mixture of Plutonium and Uranium as fuel. Now India is taking a big leap in building the Thorium based reactor.
The Indira Gandhi Centre For Atomic Research (IGCAR) , Kalpakkam, is in process of building a Thorium based 500 MW Fast Breeder Reactor by 2013. No doubt this will be game changer in energy space. Further, Thorium is rated as a clean fuel

Fast Breed Reactor

India to Make semi perpetual Thorium based Fast Breed Reactor

What is Thorium ? what's its important to India?
The Fast Breeder Reactor, which is used to generate the power in the atomic power plant, uses a mixture of Plutonium and Uranium as fuel. Now India is taking a big leap in building the Thorium based reactor.
The Indira Gandhi Centre For Atomic Research (IGCAR) , Kalpakkam, is in process of building a Thorium based 500 MW Fast Breeder Reactor by 2013. No doubt this will be game changer in energy space. Further, Thorium is rated as a clean fuel

Fast Breed Reactor

Coal assets in US, Colombia, Africa for Tata Power

Tata Power is looking for coal assets across world. It has currently zeroed in on the United States, Colombia and Africa. Incorporated in 1919, Tata Power Company Ltd is an integrated power utility company and one of the major companies of the Tata Group. Tata Power has a presence in all segments of the power sector viz. generation, transmission, distribution and trading of electricity. As at March 31, 2011 Tata Power had 3,127 MW of installed generation capacity. In addition, Tata Power

Tata power, power

Coal assets in US, Colombia, Africa for Tata Power

Tata Power is looking for coal assets across world. It has currently zeroed in on the United States, Colombia and Africa. Incorporated in 1919, Tata Power Company Ltd is an integrated power utility company and one of the major companies of the Tata Group. Tata Power has a presence in all segments of the power sector viz. generation, transmission, distribution and trading of electricity. As at March 31, 2011 Tata Power had 3,127 MW of installed generation capacity. In addition, Tata Power

Tata power, power

1140 km of optic fibre cable by BSNL

Bharat Sanchar Nigam Ltd (BSNL), plans to lay 1,140 km of optic fibre cable (OFC) across the State in Tamilnadu. A optic fiber cable is a network cable made from strands of very fine glass fibers.Fiber optic cables carry signals using pulses of light which used to trasmit the data which could be in any form of energy like sound.
While 200 km of OFC has already been laid by October, 2012, the 500 km of cable is being laid which will be completed by December, 2012. The balance will be laid

BSNL, Optic Fibre