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  • InaugurationInauguration of Shakti Sthala
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The world's first-ever and largest solar park when attaining full potential, was launched its first phase by Chief Minister Mr. Siddaramaiah on March 1st, 2018 in Pavagada, Karnataka. The solar park, named as 'Shakti Sthala' is spread over a total area of 13,000 acres (53 km2) and is set up at an investment of Rs 16,500 crore.

Karnataka Renewable Energy Development Ltd, also known as KREDL and the Solar Energy Corporation of India (SECI) established a joint venture company, the Karnataka Solar Power Development Corporation Ltd (KSPDCL), in March 2015 to implement solar power projects in Karnataka. The Pavagada Solar Park is financed & co-developed by the Union Ministry of New Renewable Energy (MNRE), the State Government & developers who pay upfront charges.

This mega project of 2000MW capacity has been set up using the barren lands of the farmers which has been obtained on lease from the farmers without a single inch of land being acquired.

Pavagada was chosen as the site for the project due to several reasons. Apart from high solar radiation and availability of land, the region receives very little rainfall. The region is also scarcely populated and most of its residents are poor farmers.

The Chief Minister Mr. Siddaramaiah said, “Karnataka has emerged as the third largest producer of renewable energy in the nation and was taking ‘bold strides’ towards emerging as an energy surplus state.” In March 2017, Mr. D.K. Shivakumar, Minister of Energy, told the Bangalore Mirror that the government was looking to generate wind energy by setting up windmills in Pavagada. Preliminary estimates from the KREDL indicate a potential wind power generation of 250-300 MW.

Read more: Shakti Sthala: Set to Be the World's Largest...

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  • AzureAzure Power Solar Plant
Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced the commissioning of a 40-megawatt (MW) solar power plant in the state of Uttar Pradesh. Spread across an area of approximately 225 acres, the project has been set up under the government’s National Solar Mission Phase-II Batch-III Tranche III. The project was auctioned by Solar Energy Corporation of India (SECI), a Government of India enterprise which has AA+ debt rating by ICRA, a Moody’s company. Azure Power will supply power to SECI for the next 25 years at a levelized tariff of INR 4.92 (~US 7.7 cents) per kWh, which is inclusive of Viability Gap Funding (VGF).
 
Uttar Pradesh is the most populous state in India and has a large peak energy supply deficit, according to the Central Electricity Authority. In addition, CRISIL projects that over 10 million unelectrified households will be connected by 2019. Azure Power is one the largest solar developers in Uttar Pradesh and built the first utility-scale solar project in Uttar Pradesh in 2015.

Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “With the commissioning of this plant, we have once again demonstrated our strong project development, engineering, and execution capabilities. We are delighted to make a contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to SECI and the state of Uttar Pradesh for all the cooperation and support extended.

About Azure Power
 
Azure Power (NYSE: AZRE) is a leading independent solar power with a pan-Indian portfolio. 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 represents the aggregate megawatt 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 Commissions 40 MW Project in Uttar...

Power Pavilion at India Sourcing Fair-2018 at St. Petersburg showcases Indian Power Potential - NTPC as nodal agency highlights its strength on Renewable Energy and International Business

23rd Mar, 2018

The Power Pavilion, Ministry of Power, Government of India showcased India’s Power Potential at the three day India Sourcing Fair -2018 held at St Petersburg, Russia from 20th -22th March, 2018. NTPC as the nodal agency for the Power Pavilion highlighted its potential as an International Player for New Power Projects in Developer Mode, taking over of old power projects and Renovation and Modernisation. NTPC has been a pioneer in capacity building onshore, offshore and Training.

The Power Pavilion was inaugurated by Shri Arun Kumar Panda, Secretary, MSME ,Govt of India in the gracious presence of Shri Arun Kumar Sharma, Consul General of India, St.Petersburg, Russia. Senior Officials to Govt. of India which included Ms. Renuka Kumar, Director(Coordination),Policy &Planning, Ministry of Power and officials from Ministry of Steel and MSME were also present at the inaugural function.

The Power Pavilio drew inquisitive visitors from various global consultants and companies on NTPC’s offshore business opportunities, wind power and solar power generation and NTPC’s commitment to Renewable Energy. Various power plant equipment manufacturers and consultancy firms expressed keen interest on electric charging vehicles, on the research and development arm-NETRA and O&M services of the power major.   Various power plant equipment manufacturers and consultancy firms expressed keen interest on electric charging vehicles, on the research and development arm-NETRA and O&M services of the power major.

Along with NTPC, Power Grid, CPRI, EESL and NHPC also participated in the Fair.


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Read more: Power Pavilion at India Sourcing Fair-2018 at...

  • Hybrid and Energy Storage Business arm to offer hybrid power plant and energy storage solutions globally, focussing on front-of-meter and behind-the-meter public and private sector opportunities, with special focus on lighting up remote islands and reducing carbon footprint of critical power installations running on black power.
  • Mr. Deepak Thakur is appointed as the CEO and Mr. Vishwanathan Iyer would be responsible for the Global Business Development, Strategy and Marketing
Sterling and Wilson, an Indian multinational engaged in engineering, construction, manufacturing and energy services with over $1Bn in revenue has announced its foray into Hybrid Power Plants and Energy Storage solutions as part of its commitment to consistently expand its range of offerings to reflect the future of energy. The Company, with a cumulative expertise of 8 GW across its energy verticals encompassing Co-generation CHP and Gas based power, Solar Energy and Diesel Powered Generators, is poised to lead the disruptive revolution of energy storage besides fostering adoption of clean energies by critical power installations through hybrid power plants.

The newly introduced Hybrid and Energy Storage Business is already in advanced discussions for its first projects in Africa and Europe and is keenly exploring EPC and Co-Development opportunities across continents. As part of its global outlook and expansion plans, the business is actively tapping talent worldwide to develop competency centres in target markets. In its inaugural showcase, the team is participating in EES Europe from 20th to 22nd June 2018 in Munich, Germany.

Sterling and Wilson’s strong intent to invest in the hybrid and energy storage space is backed by a visible global trend of ever increasing need for reliable power and a strong endorsement by developed economies to reduce carbon emission, within a $6 trillion global energy industry that is ripe for disruption . To lead the charge amidst such trends, the company has appointed Mr. Deepak Thakur at the helm of its Hybrid & Energy Storage Business as the CEO. With an experience of 26 years and a proven track record of incubating new businesses from strategy to building strong teams, Deepak has successfully handled various responsibilities encompassing sales, marketing, corporate strategy, business planning and strategic alliances across a wide spectrum of industries. Further by tapping into its internal talent pool, the company has also appointed Mr. Vishwanathan Iyer to lead the global business development, marketing and strategic activities for the new unit. In his previous assignment, Mr. Vishwanathan was spearheading Solar Business Development in India.

Commenting on the new business foray, Mr. Deepak Thakur, CEO – Hybrid and Energy Storage, Sterling & Wilson, said: The global hybrid and energy storage market is estimated to be around USD 40 billion by 2025. As one of the leading turnkey solution providers in the world, with project management, engineering and delivery expertise of over 8GW of diversified energy offerings across geographies, we are confident of providing our customers value for money through customised hybrid power plants and energy storage facilities."

Given its global energy expertise, Sterling and Wilson has an extensive focus on where and how hybrid and energy storage solutions can be applied across the energy sector from centralized large fossil and renewable power plants, to data centres, C&I segments and remote settings such as Islands. The Company’s Hybrid & Energy Storage business unit is offering a range of clientele – from utility-scale and C&I project developers, independent power producers to public utilities and IOUs - a host of turnkey services such as project development, design and engineering including sizing of storage solutions and hybrids, supply chain management, construction, commissioning, and operations & maintenance. 

About Sterling and Wilson

Sterling and Wilson is an excellent example of how the Shapoorji Pallonji family has nurtured long term associations with its business partners. The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations. This partnership will only grow stronger, as the 4th generations of both families have recently joined the business.

Over the past 5 years, Sterling and Wilson has shown exceptional growth; with operations all over the globe, as well as an expansion in its range of services, the company's turnover has shown an extremely positive growth. From a turnover of INR 1,760 crore in 2012, Sterling and Wilson group crossed a turnover of INR 6,000 crore and is likely to exceed INR 10,000 crore by 2020. From being a predominantly India focused company in 2010, Sterling and Wilson now operates across the Middle East, Africa, Australia and Europe. In the current year, the company is expanding to the USA and South America. From being a company that was mainly focused on doing MEP projects in India, Sterling and Wilson over the past 5 years has set up global operations in manufacture of DG sets, Gas based power plants, Waste to Energy, Turnkey data centres, Transmission and Distribution and Solar EPC. With its recent foray into energy storage, Sterling and Wilson is perfectly poised to play a pivotal role in the global trend of moving away from thermal plants to a future of renewable energy with storage.

Read more: Sterling and Wilson Announces Its Foray into...

NTPC School of Business (NSB) honors Meritorious Students at its Second Convocation

28th Mar, 2018

NTPC School of Business (NSB), held its Second Annual Convocation today to celebrate and honour students of Post Graduate Diploma in Management (Executive) who are all set to contribute to the corporate world. Prof Errol D’souza, Director IIMA, Chief Guest on the occasion awarded Gold and Silver Medal to the meritorious students, Shri Gurudas Mishra from NTPC and Shri K. Rohit from Tata Power, respectively. Speaking on the occasion, Prof D’souza said that the students have passion and zeal and are ready to take on the challenge of climate change by introducing sustainable practices in the energy sector.

Shri Gurdeep Singh, CMD, NTPC wished the graduating students a happy and bright future. He urged the students to work towards generation of reliable and affordable electricity in a sustainable and environment friendly way and contribute to the energy sector.

Management courses at NSB have been designed with special focus on power sector to create a world class research and policy center including two weeks’ International Immersion program. NSB promotes excellence amongst its graduate students to become catalysts of innovations in the power sector with both social and business acumen creating prospects for sustainable and smart power management.


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Read more: NTPC School of Business (NSB) honors Meritorious...

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  • SnapdealSnapdeal sets up a curated Earth Hour Store
As a step to encourage and promote energy conservation among its shoppers, Snapdeal has set-up an Earth Hour Store that curates a selection of well thought out, everyday items that can be used more efficiently and frequently to make energy conservation a daily habit.
 
The store has special offers on solar appliances and energy-efficient products like solar water heaters, solar panels, solar inverters, solar lights, and five-star air conditioners. The store also features manual equipment that can help in conservation of electrical energy and a host of thoughtful items that help save water.
 
Here are some highlights from the products at great prices:
  • Go energy efficient with the solar products section that comprises an array of products like solar water heaters, solar fans, solar panels, and solar lights that save natural resources
  • Energy saving home appliances on Snapdeal include 5-star refrigerators starting at Rs. 24,699, 5-star air conditioners starting from Rs. 18,699, and 5-star geysers at up to 40% discount. These discounts are aimed at helping buyers switch to energy saving appliances that reduce greenhouse gas emissions and other pollutants caused by the inefficient use of energy.
  • Stay healthy by choosing from the widest range of bicycles for kids and adults available in varied designs, styles and prices
  • Conserve water with the automatic water level controllers and alarms starting from Rs. 389
  • Shop refurbished smartphones from Apple and Lenovo at prices starting as low as Rs 7000. Since the average age of ownership of phones is less than a year, it is easy to find good quality refurbished phone. Buying refurbished phone saves electronic wastes from ending into a landfill prematurely.
ICICI, SBI, HDFC, and Standard Chartered users get an additional discount of 10%.
 
For further information, visit: https://www.snapdeal.com/offers/energy-conservation-day
Read more: Snapdeal’s Earth Hour Store set to Encourage...

Bangalore based SolaireGen Energy Pvt Ltd (www.solairegen.com) has designed and installed a 341.76kWp rooftop solar power plant for India Nippon Electricals Ltd. India Nippon Electricals Limited was incorporated in 1984 and converted into a joint venture in 1986 between Lucas Indian Service Limited, a wholly-owned subsidiary of Lucas-TVS Limited and MAHLE Electric Drives Japan Corporation, Japan – a company of MAHLE Group, Germany, to manufacture Electronic Ignition Systems for two-wheelers, three wheelers and portable engines.

SolaireGen has installed rooftop solar power plant for India Nippon Electricals Ltd at two of its locations. A 231.68kwp plant has been installed at Pondicherry in record 10 days time. This plant will enable the plant generate annual solar power generation of 3,47,520kWh and contribute to the environment with CO2 savings of 330.15 Metric Tonnes Per Year. While a 110.08kWp plant has been installed at Rewari, Haryana. This plant will enable the plant generate annual solar power generation of 1,65,120kWh and contribute to the environment with CO2 savings of 156.88 Metric Tonnes Per Year. 

SolaireGen Energy Pvt Ltd has partnered with India Nippon Electricals Ltd has its trusted Solar Power Partner.

Manas Shrivastava, Founder and Director of SolaireGen Energy, said, “It gives us immense satisfaction to have completed the projects successfully within the stipulated timeline. It is also a matter of pride for us to have partnered with India Nippon Electricals Ltd, justify their confidence and deliver successfully. Successful completion of these projects is a testimony to our capability and establishes our technical expertise.”

RB, world’s leading consumer health and hygiene company, is proud to announce the commission of its first solar powered factory in India, in the city of Mysore as part of Project Greenathon. The factory running on “GREEN POWER” forms an extension to RB’s continuous efforts to reach its worldwide Sustainability Targets. As of today, the factory meets 75% of the energy needs with solar energy and aims to be the first factory running on 100% green power in India, within couple of years.

Read more: RB Signs 1st PPA in India for 100% Renewable...

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, broke ground on the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the biggest Concentrated Solar Power (CSP) investment project in the world, based on the Independent Power Producer (IPP) model, and will generate 700MW on a single site. It will have the world’s tallest solar tower at 260 metres, and the largest thermal energy storage capacity in the world. It will provide clean energy to 270,000 residences, reducing 1.4 million tonnes of carbon emissions annually. The project will use two technologies: a 600MW parabolic basin complex and a 100MW solar tower, over 43 square kilometres. This project, with AED14.2 billion in investments, achieved the lowest Levelised Cost of Electricity (LCOE) of USD 7.3 cents per kW/h.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180320006214/en/

 
Dubai breaks ground on world’s biggest CSP project (Photo: AETOSWire)

Dubai breaks ground on world’s biggest CSP project (Photo: AETOSWire)

HH Sheikh Mohammed bin Rashid Al Maktoum said that developing the UAE’s infrastructure is top priority for the leadership and vital to raising the country’s global competitiveness.

 

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) said that the project supports the directives of HH Sheikh Mohammed bin Rashid Al Maktoum to expedite the pace of clean and renewable energy projects to secure a happy future and enhance the quality of life for future generations in an economy that doesn’t rely on oil. This will also achieve the Dubai Clean Energy Strategy 2050 to provide 75% of Dubai's total power output from clean sources.

 

Mohammad Abu Nayyan, Chairman of ACWA Power, said, "We are proud of our role in obtaining the lowest price globally for the second phase of the solar park. Today we are driving price reduction for CSP projects globally, achieving more than just one unprecedented world record, by constructing the world's tallest solar tower and providing the highest storage capacity.”

 

Cao Min, President of Shanghai Electric, said, “On behalf of Shanghai Electric, I would like to express warm congratulations on the groundbreaking of this project, which is by far the largest and most advanced CSP project co-developed by DEWA and ACWA Power and implemented by Shanghai Electric as EPC contractor.”

 

*Source: AETOSWire

 

 

 

 
MULTIMEDIA AVAILABLE :
https://www.businesswire.com/news/home/20180320006214/en/
Read more: Dubai Breaks Ground on World’s Biggest CSP Project

As a part of Maharashtra Institute of Technology’s efforts to promote the use of clean and renewable energy sources and to achieve significant reduction in energy costs, Fourth Partner Energy has commissioned a 434 kWp solar rooftop plant using Fronius inverters at the institute’s Alandi campus.

Read more: Fourth Partner Energy commissions Solar PV Plant...

World Water Day at NTPC

23rd Mar, 2018

NTPC ​celebrated World Water Day (22nd March 2018) to commemorate the occasion, Power Management Institute (PMI) organized a talk by Padmashree (Ms) Naina Lal Kidwai, as part of PMI Eminent Speaker Series on theme "Making Every Drop Count".

A compendium of "NTPC Practices & Initiatives in Water Conservation" encompassing best practices and initiatives of NTPC  was also released on this occasion by  Shri Saptarshi Roy, Director (HR) accompanied by ​Padmashree ​(Ms) Naina Lal Kidwai,  Shri Vinod Kumar,Independent Director and  Shri A K Bhatnagar, ED (PMI)

The program was attended by a large number of employees and was also telecasted live to all offices and locations of NTPC.


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  • ReceivingReceiving Golden Peacock Special Commendation Award 2017 for 'Seed of Hope' TechnipFMC India CSR program
'Technip India Limited' has been declared as the Winner of Special Commendation for Golden Peacock Award for Corporate Social Responsibility’ for the year 2017, by the Awards Jury under the Chairmanship of Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India.
 
‘Seed of Hope’ program launched in 2015 is a unique model engaging employees in sustainable development initiatives undertaken by TechnipFMC in India. The model allows employees to propose CSR projects and after necessary due diligence, the project gets implemented by the Company. In this way, employees feel empowered and responsible to do their bit towards society. 
 
TechnipFMC in India has implemented noteworthy projects in partnership with various NGOs to promote:
  • Education and Skill Development
  • Healthcare facility for underprivileged
  • Clean energy
  • Sanitation facility to promote Swachh Bharat
  • Disaster Response program
On receiving the certificate presented by Institute Of Directors (IOD) during its 12th International Conference on CSR held in Bangalore, Swayantani Ghosh, Technip India Communications & CSR Head stated, “We are honored to receive the award for our commendable efforts to sponsor education for orphaned students, install solar panels, launch mobile healthcare units, build toilets in rural and remote areas, drive plantation programs and enhance employability through skill development centers. We are committed to bringing about economical, social and environmental sustainable development of society through our diversified CSR program, ‘Seed of Hope’.”
 
Golden Peacock Awards, instituted by the Institute Of Directors (IOD), India in 1991, are now regarded as a benchmark of corporate excellence worldwide. 

About IOD
 
The Institute Of Directors is a Society (National Level), registered under the Societies Registration Act XXI of 1860.  One of the prime initiatives of IOD has been the institution of Golden Peacock Awards for corporate leadership and institutional excellence which, over time, have become a hallmark of excellence, both locally and globally. Based on internationally recognized criteria, the credibility of these awards lies in the transparency depth and impartiality of the assessment process.
 
About TechnipFMC
 
TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics.
 
We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.
 
Each of our more than 40,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to TechnipFMC.com and follow us on Twitter @TechnipFMC

Read more: TechnipFMC India Corporate Social Responsibility...

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