Power Markets_India_December_2012_Issue

7/29/2019 Power Markets_India_December_2012_Issue

1/4

Researched and Published by Power Markets

www.powermarketsindia

Power Markets|Indiaelivering Knowledge Concise and Precise

ortnightly Thermal Bulletin Indian Edition Volume 01 | ISSUE 05 | December 20

s. 2,75,000 crore outlay proposed by

Maharashtra in 12th five-year plan

a plan to accelerate economic growth by implementing specially-designed growth-

ented policies in the 12th Five-Year Plan Maharashtra proposes plan outlay of Rs

5,000 crore to achieve the growth target, said, Maharashtra CM Prithviraj Chavan.

cording to chavan, Maharashtra has achieved a growth rate of 8.6% during the 11th

e-Year Plan period, despite the impact of economic slowdown and erratic monsoon

t adversely impacted farm production. "We now propose a gross state domesticoduct (GSDP) growth of 10.5% for the 12th Plan. We have proposed a plan outlay of

275,000 crore in the plan," Prithviraj Chavan said.

harashtra has withdrawn load-shedding in 80% area of the state and has added

00-MW capacity projects in 2011-12. Thermal projects with a capacity of 3,230 MW

e under execution, and further 1,570-MW capacity projects are under planning with

al investment of Rs 23,530 crore. Of this, Rs 8,205 crore has already been spent.

ring the 11th Plan period, the state attracted 4,630 projects, with a total investment

over Rs 6.5 lakh crore and employment potential of above 22 lakh.

This issue

India Highlights P2Project Tracker P2

Market Data P3

Upcoming Events P4

Special Feature

Rs. 2,75,000 crore outlay proposed byMaharashtra in 12th five-year plan P1

2nd Annual Conference & Exhibition

Thermal

Power

EPC Summit

New Delhi,Late August, 2013Contact: [email protected]

2nd Annual Conference & Exhibition

Thermal

Power

O&M

Summit

New Delhi, 27th & 28th Febru2013Contact: [email protected]


2/4



Market Highlights India

ian Highlights

R Energy to supply generators for NTPCs

hattisgarh project

R Energy is set to start work on the Rs 1,548-

re contract to supply two 800-MW Steambine Generators for NTPCs Lara Super

ermal Power Project in Chhattisgarh. The

PC project is a 4,000 MW project of 5 x 800

W and the Chennai-based BGR Energy will

vide two (2 x 800 MW) steam turbine

nerators for the project. The company received

Notification of Award on December 13, said

G. Raghupathy, Chairman & MD, BGR Energy.

said the company with its capability in

gineering-procurement contracts and balance

plant work for power projects has emerged the

est bidder in the NTPCs bulk tender for

ply of 11 x 660 MW super critical boilers.

C favours Tata Power's 1,980 MW coal-

sed Tiruldih project 1 year extention

e expert appraisal committee (EAC) onvironmental impact assessment (EIA) ofrmal power and coal mine projects hasommended the extension of validity of termseference (ToR) for Tata Power`s 3x660 MWer critical coal-based Tiruldih power project,committee agreed for 1 year extension sincecoal and power ministries are yet to carry outexercise for coal allocation for the 12th planod. However, the committee did not

mediately favor the change of coal-based unitd said that the project developer is required tomit compliance details prior to the EACking any decision about the same.

PCL may implement 2400 Mw project on its

n

able to find a suitable strategic partner for

lementing the 2400 Mw coal-based power

ect, Odisha Thermal Power Corporation Ltd

TPCL) is now set to implement the project on

own. OTPCL, a 50:50 joint venture between

sha Mining Corporation (OMC) and Odisha

dro Power Corporation (OHPC), has been

wed to take up project construction on its own

hout inducting a strategic partner at this stage.

s decision was taken at a meeting of the

ering committee recently. The committee felt

t inducting a strategic partner under the

sent fluctuating and complex regulatory

nario may not fulfill the objectives of OTPCL.

PCL has been permitted to take consultancy

port of NTPC in providing technical

sultancy for pre-project development,

dering and selection of bidders for supply and

ction of plant's machinery, commissioning and

t commissioning supervision including qualityurance on behalf of the company.

Project Tracker

Sterlites second thermal unit to start in

March 2013

The second 80 MW unit of Sterlite Industries

160 MW thermal power plant at Tuticorin is setto go on stream by March 2013. The company,which uses Indonesian coal for the thermalpower plant, had synchronised the first 80 MWunit in September 2012. About 70 MW from theplant will be used captively for the company'scopper smelter operations at Tuticorin, and theexcess power is being supplied to the stateelectricity utility Tamilnadu Generation andDistribution Corporation (TANGEDCO).

GMR request for 1,370 MW super critical

plant put on hold

GMR Chhattisgarh Energy's request for an

amendment to the environment clearance for its1,370 MW super critical coal based project hasbeen currently put on hold by the re-constitutedexpert appraisal committee on environmentalimpact assessment of thermal power and coalmine projects. The environment clearance forthe project that was obtained last year needs tobe amended to allow for a slight rearrangementin the Ash Pond and Water Reservoir area.During a committee meeting where the matterwas raised, the committee told the developerthat the amendment cannot be made till detailedinformation such as topographical features ofthe new area to be acquired is made available.

Thermal power plant in Trombay tomodernise by Tata Power

Tata Power has proposed modernisation of its500 MW Unit 6 at Trombay Thermal PowerStation. At present, Unit 6 can operate only onoil and gas. The modernisation plan includesaddition of coal firing equipment and installationof pollution control equipment to make the unitwork on coal, oil and gas, wherein all three fuelscan be combined in any percentage. This isbeing done to control spiralling oil cost which isaffecting tariffs in Mumbai, the company said.Tata Power is to invest around Rs 1,174 crorefor the modernisation exercise, Moreover, noadditional water or any other resource is being

sought to operate the modernised plant.

East Coast Energy may resume work on

thermal power project

The East Coast Energy Pvt Ltd is likely to

resume work on its thermal power project at

Kakarapalli village in Srikakulam district in spite

of stiff opposition from sections of local people

and environmental activists. The company

recently signed an agreement with the Central

Power Distribution Company Ltd. of Andhra

Pradesh for sale of 300 MWs as soon as the

power plant begins generation. Initially, the

company will generate 1,320 MWs.

Private Investment in power s

is estimated at Rs 85,578cr in

fiscal, says Power Mi

Jyotiraditya Scindia.

Private sector investment in the p

sector is estimated at Rs 85,578

in this fiscal As per official figure

56,476 crore worth of funds

pumped in by the private sector d

2009-10, while in 2010-11, Rs 8

crore were invested by p

companies. The investment w

1,06,975 crore in 2011-12. P

sector investment in the power

has not narrowed down in the las

years, he scindia said.

The projected investments byprivate sector during the current

stand at Rs 85,578 crore. Up to 10

cent foreign direct investment (F

permitted in the power sector

the automatic route for gener

transmission and distribution

added.

The government has allowed iss

tax-free bonds for Rs 60,000 cro

finance infrastructure projects,

include Rs 10,000 crore for IRailway Finance Corporation,

Infrastructure Company and p

sector," he added.

External commercial borrowing

part finance rupee debt of ex

power projects is also allowed

government has reduced the ra

withholding tax on interest pay

on ECBs from 20 per cent to 5 pe

for three years to provide low

funds to infrastructure se

including power.


3/4



Indian ScenarioTransmission & DistributionDollar bidding to be allowed by C

mine development

The worlds largest coal miner, whgearing up to offer multi-billion contracts for mine developmentoperation (MDO) as well as equipurchase in 2013-14, is now redraft

tender documents to allow bidding US dollar, according to sources.

The demand for dollar bidding has from prospective bidders during rrounds of pre-bid meetings. As mthe mining contracts are long-tenature, global players are unwillshare the downside risk of cufluctuation.

A global opencast equipment susaid, in a competitive environment, we have limited space to earn profitextremely risky to agree to paymerupee terms in contracts lasting ov

or 12 years. A devaluation in the and we may end up in the red.

According to CIL Official, Idcontractors should take the performrisk while we should share the rvolatility in Indian currency. argument is simple. If the Indian cudevalues further, forcing CIL to payin rupee terms, it can always recovsame by tweaking the price of coacompany will allow bidders to payment in dollars for the 1maintenance and repair contractface value of the equipment, how

will be paid in rupee terms.

India, Russia to embark on $4

nuclear energy roadmap

India and Russia agreed to an am

roadmap for deepening their coope

in civilian nuclear energy and con

together 16 to 18 nuclear energy pla

India of 1000 MW each. This can be

of all Indo-Russian joint projects

collaborations and this also explain

Russian President Vladimir Putin pstand-alone visit to India on Decemb

The proposed 16 to 18 nuclear

plants would be costing about $ 2.5

apiece and hence the figure of $45

considering one takes the figure

proposed plants. It is not yet clear w

the proposed roadmap is for 2020 o

or 2030. Most likely, the roadmap

be targeting the deadline of the year

But even if it is 2030 it would mea

new joint Indo-Russian nuclear plant

year for the next 18 years.

Cabinet nod for two key power sectorproposals

The state cabinet gave its approval for thecreation of Bihar Grid Company Ltd forwhich an agreement would be signedbetween the Bihar State Power (Holding)Company Ltd or its associate company andPower Grid Corporation of India Ltd(PGCIL), in a bid to strengthen the powertransmission system in the state. Accordingto, principal secretary, cabinet coordination,Vijoy Prakash, the decision to set up such acompany was recently taken at a meeting toreview different transmission projects in thestate.

The new company would function on build,own and operate (BOO) basis forstrengthening the power transmissionsystem in the state. The cabinet alsoapproved a proposal to sign a memorandum

of understanding (MoU) with Sutlej HydroPower Corporation, a joint venture ofHimachal Pradesh government and theUnion government. Under the MoU, Biharwould have 85% share of the powergenerated from Chausa project and SutlejPower Corporation would get the rest 15%.

Power Grid to invest Rs 252 crore in two

transmission projects

State-run Power Grid Corp said its boardhas approved investments worth Rs 252.31crore for two transmission projects. Thepower utility would invest Rs 96.27 crore for

'Northern Region System StrengtheningScheme - XXVII', which is expected to becomplete within 20 months from the date ofinvestment approval. Another investment tothe tune of Rs 156.04 crore would be madefor 'Augmentation of Transformers inNorthern Region - Part-A'. Thecommissioning schedule is 22 months fromthe date of getting the board's green signal.

Torrent power seeks suppliers to meet

3,700 MW power requirement for FY14

Torrent Power Limited has invited bids from

approved Trading Licensees, DISCOMs,

State Electricity Utilities, Generators, etc tosupply power on round the clock (RTC)

basis from April 1, 2013 to March 30, 2014.

The company has tentatively specified a

quantum of 3,700 MW to be procured over

the 12 month period.

The successful bidder will be responsible for

supply of power at the delivery point which

is Gujarat state transmission utility - Gujarat

Energy Transmission Company (GETCO).

Applying for the open access bookings as

per the latest open access guidelines will

also be the res onsibilit of the bidder.

CCEA approves setting up of National

Electricity Fund

The Cabinet Committee on Economic

Affairs has approved the setting up of a

"National Electricity Fund (Interest Subsidy

Scheme) to provide interest subsidyaggregating to Rs.8,466 crore on loan

disbursement amounting to Rs.25,000 crore

to the state power utilities both in public and

private sector, to improve the distribution

network".

The scheme will become operational within

six to 12 months. The fund is being set up to

provide interest subsidy on loans to be

disbursed to the distribution companies

(DISCOMS)to improve the distribution

network for areas not covered by the

government's Rajiv Gandhi GraminVidyutikaran Yojana (RGGVY) and

Restructured Accelerated Power

Development and Reforms Programme (R-

APDRP) project areas.

Rajasthan Transco gears up to raise Rs

250 crore through bonds

Rajasthan Rajya Vidyut Prasaran Nigam

Limited (RVPN) has planned to raise Rs

250 crore, with a green shoe option of Rs

300 crore, through private placement of

unsecured redeemable non convertible

bonds. The face value of the bonds is Rs10, 00, 000 each and the bonds are in the

form of taxable debentures.

The funds raised will be utilised towards

part funding of capital expenditure on

transmission projects and other business

transactions of the state utility. The bonds

will be issued for a 12 year period to be

redeemed in three installments at the end of

the 10th, 11th and 12th year in a 30:30:40

ratio.

REC invites RfQs for transmission

project

REC Transmission Projects Corporation(RECTPCL) a subsidiary of RuralElectrification Corporation, has invited RfQsfrom eligible companies for transmissionsystem project.

The RfQs have been invited for selection oftransmission service provider on BOOMbasis for transmission system forconnectivity for NCC Power Projects Ltd.(1320 MW) through tariff based competitivebidding process. Last date for thesubmission of bids is 5 February 2013.

NUCLEAR HIGHLIGHTS

POLICY INSIGHTS


4/4



Upcoming Events

2nd Annual Conference and Exhibition

Thermal Power O&M SummitNew Delhi, 27th & 28th February 2013Contact: [email protected]

2nd Annual Conference

Coal Trading SummitNew Delhi, Late May 2013Contact: [email protected]

Power Market Analysis - Day Ahead Pric

Get your free trial copy today. Contact Us Now.

SubscriptionsParvati SharmaPower Markets IndiaE: [email protected]: +91 22 27717143/50

Reach out to more than 2000 key power / energyindustry professionals in India every fortnight.

Advertising and PRPower Markets IndiaE: [email protected]: +91 22 27717149/45/50M: +91 9920917193

EditorialsKindly write to [email protected]

3rd Annual Conference

POWER

TRADING

SUMMIT2013Indias Largest Gathering of Buyers, Selland Traders

Late September 2013, New Delhi

Join 180+ delegates, 20+ speakers

For Networking Cocktail Gala Dinner!

Reserve your seats today at

[email protected]

T: +91 22 2771 7150/49M: +91 9004932922

IL & GAS

utput of Crude Oil Rises, Natural Gas Falls

dia's crude-oil production rose by a marginal 0.8% from a year earlier inovember, while natural-gas output continued its declining trend, underlining theouth Asian nation's struggles in maintaining production at its ageing fields and itscreasing dependence on imports. Crude output rose to 3.11 million metric tons,r 759,115 barrels a day, oil ministry data showed. It, however, missed theovernment's target of 3.33 million tons. At state-run ONGC, output fell 4.1% fromyear earlier to 1.86 million tons, or 454,460 barrels a day, hurt by high water

ontent in its production and power shutdown at fields in Gujarat. Also Mumbaiigh offshore field didn't yield expected results. ONGC's crude production haseen declining for years now.India's natural-gas output dropped for the 24th montha row in November, falling 15.2% from a year earlier to 3.26 billion cubic meters

nd missing the government's estimate of 3.43 billion cubic meters.

as based power station is demanded by J&K Chief Minister

a letter to the petroleum ministry, Kashmir CM Omar Abdullah had requested forbase load gas based power station which would make up for power failures

xperienced during winters on account of transmission breakdowns.&K at present generates most of its electricity requirements from hydel powerrojects but generation witnesses a steep fall during winter months. Abdullah haduggested that arrangements be made for the proposed plant of 500 MW capacity

draw fuel required from the GAIL pipeline which is under construction from

unjab to Kashmir. He had solicited support from the petroleum ministry afteruggesting the same to the power ministry and appealed that the proposal be putnder consideration during the 12th plan. It is estimated that the winter peakemand would be 2,800 MW by the 2017 in the state and this is further expected torow to 4,000 MW by the end of 13th plan.
mailto:[email protected]:[email protected]:[email protected]

Documents

Power Markets_India_December_2012_Issue