The strong financial performance can be attributed to robust improvement in all operational parameters, like plant availability, which grew by 14%, as well as generation, which also grew by 14% to 2,953 million units as against 2,595 million units in the corresponding period last year. Input costs, on the other hand, were lower. The coal cost, for instance, came down by 9% to Rs 1.95/kWh from Rs 2.13/kWh.
Essar Power Gujarat Ltd (EPGL), a subsidiary of Essar Power Ltd (EPL), and the owner and operator of a 1,200 MW imported coal-fired thermal power plant at Salaya in Gujarat’s Devbhumi Dwarka district, has recorded a 33% growth in EBITDA in the half year ending 30 September 2016 over the previous fiscal.
Citing a social audit of about 4,500 people conducted by Price Waterhouse Coopers (PwC) in SDMC area in May 2016, EESL said the audit shows that at an average 99.5% people feel that the LED street lights have contributed in enhancing the security of the vulnerable groups during nights. About 99.75% of the people responded that the intensity & the brightness of the LED street lights is better than the earlier street lights.
Energy Efficiency Services Limited (EESL) has strongly refuted all claims of having installed faulty LED street lights in their project in the South Delhi Municipal Corporation (SDMC) area. Under the Government of India’s Street Lighting National Programme (SLNP), over 1.98 lakh conventional street lights have been replaced with LED street lights in Delhi.
This project uses eco-friendly fluidised bed combustion technology boilers that result in lower emissions. The boiler is designed to use both domestic as well as imported coal. The world-class equipment ensures maximum availability and reliability for the Essar Steel units in Odisha. With the commissioning of Unit 2, Essar Steel will be able to further reduce its power bill, and enhance its competitive edge.
Essar Power Ltd (EPoL) has announced completion of Phase I (2×30 MW) of its 120 MW Paradip Power Plant following the synchronisation of the 30 MW second unit with the Odisha state grid on 28 September 2016. With this, Essar Power’s installed capacity now stands at 4,705 MW. The 120 MW imported coal based power project at Paradip, Odisha, is developed by Essar Power Orissa Limited (“EPOrL”), which is a subsidiary of EPoL. This has been set up as a captive power plant to meet the requirements of Essar Steel India’s 12 million tonne pellet plant in Odisha. The facility comprises a pelletisation plant at Paradip and a beneficiation plant at Dabuna, which are connected through a 253-km slurry pipeline.
Singapore Stock Exchange unveiled The Global Masala Bonds Hub at the Exchange on 26th September 2016. The event was attended by the Indian High Commissioner to Singapore, Vijay Thakur Singh, along with other senior dignitaries and officials of SGX and participants from business and investors community.
Reliance Power has an operating capacity of 6,000 MW. It is also the largest private sector coal producer in the country with 20 MTPA capacity.
Reliance Power is all set to double the capacity of its Rosa (in Uttar Pradesh) and Butibori power plants (in Nagpur, Maharashtra) and also set up Solar photovoltaic PV plant of 300 to 400 MW in the coming years as part of its capacity expansion programme, Chairman Anil Ambani said while addressing the 22nd Annual general Meeting (AGM) of the company in Mumbai on Tuesday (September 27).
In a major change aimed at infusing transparency in the infrastructure sector, the Modi government will conduct its first-ever bidding of power transmission projects through reverse auction on an electronic platform and award six mega contracts worth Rs 4,697 crore through the novel initiative.
The U.S. Trade and Development Agency and India’s largest commercial organisation Indianoil will jointly work to explore cleaner fuels. The U.S. Trade and Development Agency awarded a grant IndianOil to analyse options for optimizing its refining operations to produce cleaner fuels, which will help the company improve efficiencies and reduce emissions at its refineries
NTPC Ltd.’s Power Management Institute (NTPC-PMI) and The Tata Power Company Ltd. (Tata Power) have entered into a Memorandum of Understanding (MoU) today for continuous learning and training to be provided by NTPC-PMI for enhancement of competencies and skills of the employees of Tata Power.
States Are Crticising Because Centre’s Transparent Platform — GARV puts pressure on them to deliver timely and quality power to consumers, adds Dr Verma.
Imagine if the GARV app was not there. In its absence and had we not put the information in the public domain, this criticism would not have probably even surfaced. So firstly it requires courage to go to the people. Transparency is the key to effective administration. All of us whether the Centre or states, are answerable and accountable to the people of this country, said Dr A K Verma