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  • AzureAzure Power Solar Power Plant, 100 MW, Rajasthan
Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced it has won a 200 megawatt (MW) solar power project through an auction conducted by Solar Energy Corporation of India (SECI), a Government of India enterprise and a company with a AA+ debt rating by ICRA, a Moody’s Company. Azure Power will sign a power purchase agreement with SECI to supply power at a tariff of INR 2.48 (~US$ 0.04) per kWh for 25 years. The solar plant will be set up at Bhadla Solar Park in Rajasthan and is likely to be commissioned in 2019.
 
The 200 MW allocation is the largest by SECI in this auction, 80% of the total. Azure Power has a long history of developing and operating solar power plants with SECI. In 2015, Azure Power developed a 100 MW solar power plant outside a solar park in the state of Rajasthan, which was SECI’s first allocation and also the largest solar power project under India’s National Solar Mission at commissioning. Today, Azure Power stands with over a 400 MW portfolio with SECI.
 
Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “Our long history of superior solar power operations with SECI right from the inception of National Solar Mission has contributed to our success of procuring one of the largest solar power contracts with SECI. We are delighted to make this contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer in India with a portfolio of over 1,600 MWs across several states and union territories. 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. 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 200 MWs in SECI Auction

Minister of State (IC) for Power and New & Renewable Energy, Shri Raj Kumar Singh, in a written reply to a question in Lok Sabha today, informed that there is no formal specific information relating to any specific solar equipment or component being of low quality and sold in Indian market.

Shri Singh further informed that in order to impose strict quality norms for solar equipment and components and to restrict low quality solar PV equipment in Indian market, the Central Government, after consulting the Bureau of Indian Standards, has issued the “Solar Photovoltaics, Systems, Devices and Components Goods (Requirements for Compulsory Registration) Order, 2017” dated 5th September, 2017 for quality control of solar photovoltaic systems, devices and components.

As per the conditions given, the said order shall come into force on the expiry of one year from the date of its publication in official gazette. However, it has been decided to make the said quality control order effective from 01.04.2018 in order to ensure quality of products in the deployment target of 2018-19.

The said order provides for certain conditions regarding manufacture, storage, sale, distribution, etc of solar photovoltaic systems, devices or components, including making an application to the Bureau of Indian Standards for obtaining registration for use of the Standard Mark in respect of the Indian Standard mentioned in the said Order.

The Minister also stated that Government has incentive schemes for encouraging domestic solar manufacturing in terms of earmarking certain projects for domestic content and a capital subsidy scheme (M-SIPS) for setting up of solar manufacturing facility. However, no MoU has been signed with any country for setting up of domestic manufacturing.

Informing about the incentives given by Government for Domestic manufacturing in solar PV sector in India, Shri Singh stated that it is being supported by the Government of India through Special Incentive Package Scheme (SIPS)/ Modified Special Incentive Package Scheme (M-SIPS). The scheme, inter alia, provides for:

i. 20-25% subsidy for investments in capital expenditure for setting up of electronic manufacturing facility.

ii. Reimbursement of countervailing Duty (CVD)/ Excise Duty (wherever applicable) for capital equipment for the units outside Special Economic Zone (SEZ).

The incentives are available for several categories of electronic products and product components including Polysilicon, Ingots, Solar Photovoltaic (SPV), Cells, Modules/Panels. Units across the value chain starting from raw materials to assembly, testing, and packaging of these product categories are included.

In addition, the solar power projects being implemented under the Defence Establishments and Central Public Sector Undertakings (CPSUs) Schemes and those rooftop solar projects implemented with central financial assistance are mandated to source their requirement from domestic sources.

The Government has allowed 100 percent Foreign Direct Investment in the Renewable Energy Sector under automatic route. This was stated by Shri R.K. Singh in the written reply in Lok Sabha today.

NTPC Registers Highest Quarterly Generation with Double-Digit Growth

03rd Jan, 2018

NTPC, the largest power generator of India, with installed capacity of 51383 MW, has recorded its highest ever quarterly generation of 67781 MUs during Q 3 of FY 2017-18 which is 10.39 % more than the generation of 61400 MUs recorded during the corresponding period of last year.

NTPC has also achieved commercial declaration of 4415 MW capacity during the first nine months of current year itself.

In line with Govt. of India’s thrust on Renewable energy, the company is also increasing its green footprint and has already generated 912 Million Units from its solar and wind stations during the year which is around 3 times its renewable generation during corresponding period of last year.

With more than 20 GW capacity under various phases of construction, NTPC is all set to continue energizing India’s growth in the coming years.


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  • FirstFirst Solar (India) and Oriano Solar team on successful commissioning of 40 MWac solar PV power plant
Mumbai based, solar energy EPC firm, Oriano Solar has successfully completed two 20 megawatt (MW)ac photovoltaic (PV) power plants, totally 40 MWac for First Solar, Inc. (Nasdaq: FSLR) in the state of Karnataka, in Gadag and Belagavi districts respectively.

Oriano Solar’s scope was turnkey EPC of the two projects, which are designed to collectively generate approximately 82.83MWh/annum of solar energy under a 25-year Power Purchase Agreement with the state owned distribution utility companies in Karnataka. The project is based on First Solar’s CdTe thin film PV modules, leveraging the latest 1500V inverter architecture. During the construction phase, the projects had more than 725 people working at the site.

"This is Oriano’s first project with thin film modules, and their commitment to deliver on time within budgets was exemplary,” said Sujoy Ghosh, Country Head, for First Solar in India.

Speaking on this occasion, Yeshwant Rao, Co-founder & MD, Oriano Solar said, “Both the Oriano and First Solar teams worked seamlessly in delivering this project on schedule and building a high-performance PV plant. The expected plant performance ratio is approx. 81%, thereby giving better energy yield.” 

About Oriano Solar

Oriano Solar, specialized in providing solar solutions, was founded by Sachin Jain, Yeshwant Rao and Sameer Shah in June 2015, and has received funding from Samridhi fund (managed by SIDBI Venture Capital and backed by institutions like UK’s DFID, SIDBI, LIC and UIIC) and Caspian Impact Investments.

Oriano has executed 125 MW of projects (Utility-Scale and Rooftops) in India and is working on advance-stage pipeline of over 200 MW of projects in the next financial year where it brings capability to manage solar farm infrastructure like land, turnkey EPC and transmission line. Oriano Solar recently received “Solar PV EPC Company of the Year - Utility Scale < 50 MW” – Gold by India Solar Week Excellence Awards. Oriano was also awarded “Energy Startup of the Year” at the Entrepreneur India 2016 Awards in association with ET NOW and “TECH30 company of the year” at TechSparks 2016 by YourStory Media.

Read more: Oriano Solar completes 40 MWac solar power plant...

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  • NoharaNohara India team at Acetech Delhi 2017
Traditionally walls are built using AAC Blocks or bricks. Structures are often criticised by users for being heavy because of higher dead weights, or inability of walls to insulate residents from sound and fire. The most common concern being occupying larger space to build upon and leaving a lesser area for actual use. Consumers complain that the developers curtail quality against rising costs and seldom deliver projects on time. Users have also often complained about the loading of available space, leaving lesser carpet area for its end users and this has been one of the talking points when analysing transparency of the real estate developers. But what is the solution to these challenges?
 
At the Acetech Delhi, 2017, a premier exhibition for Architects, Constructors and Structural Engineers, Nohara India showcased a lightweight, yet stronger, durable and more insulated way to build walls. Traditional walls /dry walls are in for a transformation. A newer technology that replaces AAC Blocks and plain brick walls now offers a faster way to construct walls while consuming lesser space and providing better specifications of utility. One among the oldest companies in the world, 419+-year-old Japanese firm Nohara entered the Indian market in 2016 with an innovative wall product named the Samurai Panel, which consists of calcium silicate boards as outer skin and cement, sand & EPS as core manufactured using cutting edge technology. Fire rated EPS insulation provides a high quality and environmentally friendly alternative to traditional walls.
 
Samurai Panels offer better fire resistance, sound insulation and more importantly, gives the end user more usable space and the Realty Developers a larger carpet area. Introduced by a premier Japanese company, Nohara, the Samurai Panel is a lightweight solid EPS wall panel that is made using Cement, Sand, Expandable Polystyrene Styrofoam (EPS) and Calcium Silicate Board thus replacing the conventional AAC Blocks and bricks used to build structural or interior walls.
 
Nohara’s Director & Executive VP Kosuke Nohara said, “We have taken a conscious call to expand globally. The Government of India and the honourable Prime Minister Narendra Modi has launched a range of initiatives towards Make in India and housing for all. Thus, we look at India as one of the rapidly developing countries with a rapid demand for construction and an increased focus on quality building materials, hence the move to enter the Indian market and offer a new technologically robust product.”
 
Acetech witnessed a range of construction and interiors’ industry professionals, architects, and builders, scouting for innovative products, technological advances, International trends, new supplier base, and more importantly a chance to enhance their business network to collaborate and explore more unique opportunities. Speaking at the event, Pawan Mehra, CEO & India Head at Nohara, beamingly excited at the response, talked about the timeliness of the their newer and innovative endeavour, “Currently the real estate market in India is seeing transformational changes with introduction of RERA and higher consumer awareness in general, as people now travel and witness global trends. The urge to get the same quality back home is more vocal than ever. Builders, on the other hand, are looking to strengthen their reputations regarding quality and delivery to the end consumers. Transactions in real estate are now limited to products offering better value, vis-à-vis the last decade. This has been the time for introspection within the industry.”
 
We, at Nohara, are doing our bit by contributing quality products at competitive pricing, thus offering a win-win for both- the developers, on the one hand, seeking quality at reasonable costs, and consumers on the other, seeking value for their investment. The endeavour of Nohara to introduce “Dry solid walls” by the name of Samurai Panels offers quality and value, which are evident in its features and specs offered,” said Pawan Mehra.
 
Samurai Panels offer value for all the stakeholders, and its advantages include:
  • Extra usable space between walls
  • Faster Construction, thus saving time and money. Typically, the average productivity per person for a traditional brick wall is 8 square meters per day whereas productivity using Samurai Panel is 30 square meters per day, which is four times faster compared to the conventional AAC Blocks.
  • Easy Installation, offering value concerning time, quality & consistency
  • Better Sound Insulation for the end user
  • Better Fire rating for similar cross-sectioned walls, thus providing safety
  • Stronger walls that can take a single point load of 40 kgs
  • Light-weight walls that reduce deadweight on structure thereby decreasing structure cost
  • Reduced total Cost for the Developer
  • Green Product offers value in being Eco-friendly
  • Samurai EPS Wall Panels is used in walls of Commercial, institutional and residential buildings including in modern high-rise structures.
The EPS wall panels have already been used to create quality walls in China, and Indonesia and other countries in South East Asia before making their way into India. Reputed buildings constructed using these types Panels include Guangzhou International Finance Centre and Guangzhou Opera House, Guangzhou National Library, and CCTV Television Station and Headquarter in China besides 88 Avenue Surabaya in Indonesia. So the real estate construction, as we see it today, is expected to transform. For consumers looking for faster development and delivery times, this may well be the well-needed solution.

About Nohara Group
 
Nohara as a commercial entity was founded in Japan in 1598. With an aim to expand globally, Nohara started its operations and moved to overseas market in 2013. The group turnover as established in 2016 was USD 1.15 billion dollars with a product range of approximately 50,000 SKUs. Nohara Japan currently holds 18 types of licenses for planning, manufacturing, installation and after-sales services in Japan. Nohara maintains strategic partnerships in five countries which include China, Singapore, Vietnam, Indonesia, and India. Some of the business activities of Nohara in India involve providing sourcing services, roof-top solar solutions, and Samurai Panels. For details please refer to www.nohara.in
 
Installation video can be viewed here at
https://www.youtube.com/watch?v=hn87mh5XYFE&feature=youtu.be
 
Social Media links:
YouTube: https://www.youtube.com/channel/UCtgnMnFu3qkyVaPK5-Tsy0Q
Pinterest: https://in.pinterest.com/noharavaluebuil/?autologin=true
Facebook: https://www.facebook.com/Nohara-157167584859477/?ref=br_rs
Twitter: https://twitter.com/nohara_delhi

Read more: Nohara India Showcases EPS Samurai Wall Panel to...

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