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  • Mr.Mr. Piyushkumar Thumar - Promoter of Bright Solar Ltd.
Incorporated in 2010, Gujarat based Bright Solar Limited is a company engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of "PUMPMAN", "BRIGHT SOLAR", and "BRIGHT SOLAR WATER PUMP". The company is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with comprehensive maintenance contract for a specific period of 1-5 years. In solar pump system, it has a wide range of products like DC Solar Pump, Solar Pump Inverter, and AC Solar Pump. In the year 2017-18, the company started providing consultancy services for acquiring projects and tender bidding after identifying the competent client on the tender to tender basis.
 
In addition, the company has been awarded water supply, sewerage, and infra project in its service portfolio. Bright Solar is in the process of acquiring a land admeasuring area of 18,209 sq mts at Kheda, Gujarat and on which the company is planning to set up a manufacturing unit for Solar PV modules/panels. The Company has already executed an agreement to sell for the acquisition of land. It is also planning to set up a water treatment plant assembling unit at Patna (Bihar).

The company has on hand orders in the book amounting to Rs. 97 cr. The pre IPO placement of the shares was made at the same rate as of the IPO which is Rs. 36/share, approx. aggregation of the amount gained was Rs. 3 cr.

To sum up, Bright Solar is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photovoltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerages Infra Project. The company is planning to commence Solar Module manufacturing and water treatment plant assembling Unit. The Promoter of the Company is Mr. Piyushkumar Thumar.

To part finance its plans for acquisition of land including stamping and registration for proposed solar PV Modules/panels manufacturing project, working capital and general corpus fund needs, BSL is coming out with a maiden IPO of 5400000 equity shares of Rs. 10 each with a fixed price of Rs. 36 per share to mobilize Rs. 19.44 cr. The issue opens for subscription on 26.06.18 and will close on 29.06.18. Minimum application is to be made for 3000 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on NSE SME Emerge. The issue is solely lead managed by Swastika Investment Ltd. Alankit Assignments Ltd. is the registrar to the issue. Issue constitutes 26.47% of the post issue paid-up capital of the company. On performance front, for last four fiscals BSL has posted turnover/net profits of Rs. 28.46 cr. / Rs. 0.54 cr. (FY14), Rs. 47.84 cr. / Rs. 1.97 cr. (FY15), Rs. 15.47 cr. / Rs. 0.71 cr. (FY16) and Rs. 18.13 cr. / Rs. 1.71 cr. (FY17). For first 10 months ended on 31.01.18 of FY18, it has earned a net profit of Rs. 5.35 cr. on a turnover of Rs. 28.27 cr. For last three fiscals it has reported an average EPS of Rs. 0.97 and an average RoNW of 19.08%. The issue is priced at a P/BV of 3.47 on the basis of its NAV of Rs. 10.36 as on 31.01.18 and at a P/BV of 2.10 on the basis of post issue NAV of Rs. 17.14. Company asking price is at a P/E of around 11.

Read more: Bright Solar Tapping Markets Through IPO to...

NTPC FOREIGN LENDERS MEET HELD

22nd Jun, 2018

NTPC held its 16th Foreign Lenders Meet in Mumbai on 22nd June 2018. The meet was aimed to update the foreign banks and financial institutions about the companys Operational and Financial performance during the financial year 2017-18, growth plans and funding requirement etc for the future.

A detailed presentation was made by Shri K Sreekant, Director (Finance) covering various aspects of NTPC’s performance and future growth plans.

International credit rating agencies S&P, Fitch and Moody’s presented their perspective on the company credit quality, trends in the power sector in the APAC region, prospects and developments in the Indian Power Sector etc.

Shri Rajesh Kumar, RED (West-1), Shri Sudhir Arya, CFO, Shri A.K.Gautam, GM (Finance), and Shri Y.B.Mishra, GM(Finance), WR1HQ were also present during the meet.

Around 60 representatives from various financial institutions, banks attended the meet.


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Read more: NTPC FOREIGN LENDERS MEET HELD

Azure Power wins 75 MWs, highest allocation out of a 100 MW tender, in Assam

Azure Power, one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement with Assam Power Distribution Company Limited at a weighted average tariff of INR 3.37 per kWh. The project will be developed by Azure Power outside a solar park and is expected to be commissioned in 2019.

Read more: Azure Power Wins Largest Solar Power Project (75...

Tigo®, pioneer of the Smart Modular Flex MLPE platform, today announced that it has been granted its most important and industry strategic hardware patent applying to the smart technology used in its flexible module-level power electronics (Flex MLPE) within solar junction boxes. Tigo’s connection box with reliable and inexpensive contacts for solar modules is now patented to enable the use of multiple types of passive and active covers for different functionalities in the junction box. To learn more, Tigo will be displaying its Flex MLPE during Intersolar Munich 2018 from June 20th – 22nd with multiple OEM and distribution partners.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180619006499/en/

 
The Flex MLPE's contacts within the junction box allow for high current, exposure to extreme element ...

The Flex MLPE's contacts within the junction box allow for high current, exposure to extreme elements, and interchangeable covers. (Photo: Business Wire)

U.S. Patent 9,991,843 is Tigo’s 56th patent issued by the U.S. Patent and Trademark Office, with 23 patents still pending. The Flex MLPE's contacts within the junction box allow for high current, exposure to extreme elements, and interchangeable covers. Tigo's other patents relate to reduced field buildup, enhanced efficiency power supply, module-level monitoring, Rapid Shutdown, solar optimization, string combing, and more.

 

“This patent – combined with our others - is further evidence of Tigo’s determination to dominate in the MLPE industry with competitive solar optimization, monitoring, and safety capabilities,” says Danny Eizips, VP of Hardware at Tigo. “This latest one puts Tigo and all our partners in a strategic position to lead in cost-effective integrated and retrofit/add-on solutions.”

 

Tigo has positioned itself with a first-to-market advantage to bring MLPE to its existing tier 1 partners with module and inverter manufacturers that include the biggest brands in the industry. To learn more, Tigo will display the TS4 covers of its Flex MLPE Platform during Intersolar Munich 2018 from June 20th – 22nd with multiple partners including SMA (Booth B3.210), BayWa (Booth A3.179-180), IBC Solar (Booth A3.579-680), JA Solar (A2.480), Krannich (A3.390-480), Luxor (A1.190), and more.

 

About Tigo Energy, Inc.

 

Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semiconductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE (module-level power electronics) and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, Latin America, Caribbean, Europe, Japan, China, Australia and the Middle East. Learn more at www.tigoenergy.com.

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20180619006499/en/


MULTIMEDIA AVAILABLE :
https://www.businesswire.com/news/home/20180619006499/en/
Read more: Tigo Awarded Patent for Flex MLPE Platform

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  • AzureAzure Power Solar Plant
  • Azure Power wins 75 MWs, highest allocation out of a 100 MW tender, in Assam
Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement (PPA) with Assam Power Distribution Company Limited (APDCL) at a weighted average tariff of INR 3.37 (~US cents 5.2) per kWh. The project will be developed by Azure Power outside a solar park and is expected to be commissioned in 2019.
 
Assam has seen a significant increase in power demand in recent years and has a shortage of electricity capacity. The state has a peak power deficit of 4.2% and energy demand growth was 9% during the year ending March 2018. APDCL currently serves a quickly growing consumer base of more than 3.3 million.

Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We are pleased to announce our win in Assam and with this, we continue to demonstrate our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”

Azure Power has been among the most active participants in solar power auctions since the beginning of the solar power market in India and the majority of the Company’s portfolio are with customers that have some of the best credit ratings in India, most of which are backed by the Government of India.

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-Indian portfolio of over 2 gigawatts. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini & micro grids, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
 
For more information, visit: www.azurepower.com
 
Forward Looking Statements
 
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. In the press release, portfolio and the project represent megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or where the Company has been cleared as one of the winning bidders or won a reverse auction but has yet to receive a letter of allotment. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Read more: Azure Power Wins Largest Solar Power Project (75...

NTPC to use Treated Sewage Water

14th Jun, 2018

NTPC, India’s largest power generating company will use treated sewage water at its Dadri Power Station. This is in line with the tariff policy amendment by Ministry of Power, which requires mandatory use of treated sewage water from Sewage Treatment Plant (STP) of municipal body for thermal power plant located within 50 kilometre radius of the STP.

As a part of its corporate ethos, NTPC aims at utilization of waste water to ensure a sustainable ecological balance by minimizing waste and reusing treated wastewater at its power stations. NTPC has always made a pro-active approach towards environment, adoption of latest technologies, and continual environment conservation.

Company signed a Memorandum of Understanding (MoU) with Noida Authority on 14th June 2018 at Noida, for the supply of 80 MLD treated sewage water to NTPC Dadri plant. The project is expected to get completed in next three years.


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Read more: NTPC to use Treated Sewage Water

The business case for nanogrids responds to many of the same arguments used to represent microgrids. These small, modular and flexible distribution networks are contrary to larger-scale economic scale thinking, which has guided energy planning for most of the past. Nanogrids pushes the bottom-up energy paradigm to the limit. In some cases, the business case expressed by the network is even more radical than the microgrid; in other cases, the nanogrid is in peace with the status quo.

Read more: Solar PV Plus Energy Storage Nanogrids Market...

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  • EmployeesEmployees Of Dosti Realty Celebrating World Environment Day At Dosti West County
  • Creating a green island at Dosti West County by planting partially grown plants by the employees of Dosti Realty.
  • Emphasis on the importance of ‘Green Spaces’ in the realty sector
June 5 has been commemorated as World Environment Day and is the principal vehicle for encouraging awareness and action for the protection of our environment. Comprehending the significance of the day and demonstrating their support towards environment protection, Dosti Realty, Mumbai’s most revered realty developers, celebrated World Environment Day at Dosti West County, Thane. Being strongly committed towards sustainable growth, Dosti Realty pledged to save the environment by organizing a sapling nurturing and plantation drive for its employees. The initiative was undertaken to ensure a greener environment, adhering to make the earth a better place to thrive in.

This environment sustenance drive started on the occasion of World Earth Day on 22nd April 2018, wherein each employee was given a plant for their desk which they needed to take care of, for around 45 days, post which these would be replanted at a project site. At the juncture of World Environment Day the employees planted these green saplings at Dosti West County at Balkum, Thane (W). Over 170 employees across the Head Office, Branch offices as well as their clubhouses have been a part of this eco-friendly initiative.

Dosti West County is a large layout project that has a host of green features. From solar panels to LED lighting systems, a rainwater harvesting system, sewage treatment plant, native plant species used for landscaping and waste management all designed to create a greener environment. By encouraging the employees each do their part and plant with a purpose, Dosti Realty aims to make them good stewards of the environment.

Speaking on the occasion, Mr Deepak Goradia – Vice Chairman and Managing Director, Dosti Realty, says, “Dosti Realty has always been conscious about the environment and we make an effort to ensure that the projects we construct are eco-friendly. This time we wanted to do something within our office to promote green living as a way of life. By asking employees to take care of a plant for over a month it helps promote the fact that if we each do our part even little things done in our daily lives can help make a big difference. This can be done by not just planting a sapling but also by recycling, limiting our use of plastic, using public transport or pooling for travel and switching the lights off when you leave a room.”

About Dosti Realty
 
Dosti Realty has been in the real estate business for over 3 decades and delivered more than 117 properties till date, providing homes to over 8,600+ families for over 42,700 residents. Encompassing a portfolio of 9.5 mn.sq. ft. across Mumbai, the company has experience in various development types, be it Residential, Retail, IT Park etc. Over the years, it has been known for Aesthetics, Innovation, Quality, Timely Delivery, Trust and Transparency, Values that have built lasting relationships.

Read more: Dosti Realty Spreads Awareness Through Their...

Triton brings user-friendly and pocket-friendly Backup Solutions From 10KWH to 10MWH of requirements. The offering is live for entire India. From common households to manufacturing units to small commercial setups to mission critical healthcare institutions, Triton’s offerings covers customers of almost every size and type.

New Jersey Based Triton Solar LLC, known for making innovative solar panels and solar energy based products, has made a remarkable introduction of their Solar based Power Backup solutions for the Indian market. The Triton’s unique Power Backup solution comes as a service offering delivered on easy monthly rental plans.

With this offering from Triton Solar, customers can avail the solar-based power backup solution for all their power needs including mission critical and regular household operations on an extremely affordable rental plan. For example, a 10KWH backup solution can be offered at a very appealing monthly rental plan.

Commenting on the landmark offering for the Indian consumers, Himanshu B. Patel, Founder Chairman of Triton Solar stated, “Power availability in India is a subject of very critical importance. At Triton, we always focused on creating a robust, innovative and affordable solution for the power backup. In our bid to innovate, we used our unique printed solar panel technology and designed a robust working model which can be installed at the customer premise. The entire solution will be offered in a package of service which will ultimately at affordable cost considering a strong mass appeal.”

The solar backup solution is offered to the customer on a simple monthly rental plan and the customer doesn’t need to pay any amount upfront for the installations.

Conventional power backup solutions have a lot of limitations. The biggest challenge of fuel consumption followed by the crisis of air and noise pollution makes it incomparable with Triton Solar’s Power Backup solution. “In addition to the above-mentioned points that make the conventional power backup solutions very unaffordable and costly the overall experience of power backup is usually not so good in the diesel based power generators. For example, whenever the power goes down, our back solution takes less than 5 mile-seconds to switch over. Imagine a hospital or even a manufacturing facility where the availability of power means everything, our solution give almost a seamless experience whenever power switching takes place,” says Himanshu B. Patel.

The solution can start from 12 KV and it goes up 10 MW. “From households to commercial setups, including high voltage mission-critical requirements for facilities such as data centers, healthcare institutions, schools, commercial places, manufacturing facilities and so on our solution is a one-stop redundant solution that fits all,” he further commented.

As a business background, Triton Solar LLC is the producer of high quality, highly efficient solar cells, flexible lighting, and batteries. Triton Solar is the only company in the world to provide hybrid solar panels that not only generate power but also store it for use at a later time. This is done without communication to the electric grid, making our solar panels the most efficient on the market. Company’s nanotechnology is applied to printed lighting and batteries, which can be customized for multiple applications. Triton Solar serves small business owners, educational institutions, and national governments to help with their ‘go green’ project management needs. Any business house, commercial or individual who demand efficient, sustainable energy solution will ultimately get attracted towards Triton Solar’s Power Backup solutions.

About Triton Solar

Triton Solar, LLC is the producer of high quality and highly efficient printable solar cells, printed lighting, and printed batteries. Triton Solar has become a worldwide organization with its headquarters in Cherry Hill, New Jersey. Triton is currently the only supplier in the world to offer flexible and printed solar panels, lighting, and batteries. This game-changing technology allows for all of our products to be printed onto a flexible medium, creating countless applications for our products.

Read more: Triton Solar Brings Redundant and Affordable...

NTPC India’s Largest Power Generator Exhibits India Power Potential Highlighting its Expertise and International Business at 7th Power and Energy Africa 2018

01st Jun, 2018

NTPC, India’s largest power generating company with a commissioned capacity of 53,651 MW plans to become a 130 GW company by 2032, showcased India’s Green Power at the three day Exhibition and Conference on Power and Energy 2018 at KICC, Nairobi, Kenya from 29 - 31st May, 2018.

Ranked among leading power majors globally, NTPC highlighted its expertise and technical knowhow to execute green power projects of any scale and size. NTPC also displayed the significant work implemented in technological innovation like the dry ash disposable system, zero liquid discharge system, air-cooled condenser technology, which has helped in improving the efficiency of power plants and also by taking over of some old power projects, by renovation and modernization.

The power and energy event was inaugurated by the eminent chief guest, Mr. Martin Mwaisakenyi Heya, OGW, Secretary Petroleum, Ministry of Energy & Petroleum, State Department of Petroleum, Kenya and Indian High Commissioner to the Republic of Kenya Ms. Suchitra Durai along with the senior officials of Ministry of Energy & Petroleum, Govt. of Kenya and NTPC.

The exhibition, which stretched over three-packed business days, witnessed over 11 countries and 22 exhibitors from around the world to network, transact business and gain key insights into latest industry trends and advancements across power sector. The event also provided an ideal backdrop to establish relationships that will lead businesses into new sector markets. NTPC’s Green Power Pavilion drew inquisitive visitors from various global consultants and companies enquiring on NTPC’s international business opportunities, wind power and solar power generation and the company’s commitment to Renewable Energy.

NTPC highlighted its services that ranged from concept to commissioning of coal based, gas based and renewable energy projects, capacity building, renovation and modernization of old power projects, and improvement in efficiency.

The exhibition offered a well-balanced mix of expert talks, B2B meetings and panel discussions on the topical issues and key trends in the energy sector, such as the future of energy and transport in urban environment, renewables, digitalization and technology disruption.


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