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  • DiptiDipti Swain, General Counsel, Azure Power
Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced the appointment of Dipti Swain as the General Counsel of Azure Power.

Mr. Swain comes on board with 12 years of diversified work experience across multiple sectors and functions. Most recently he was a partner with Luthra & Luthra law firm covering securities law, mergers and acquisitions, capital market transactions and other corporate law matters for leading Indian and overseas corporations. He has provided legal advisory for transactions over US$ 33 billion for foreign as well as Indian investors and corporations. Dipti has a number of publications to his credit in various national and international journals and is visiting faculty at law schools.
 
Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, "We are pleased to welcome Dipti as the General Counsel of Azure Power. Given his proven track record as a well-established and respected legal professional in corporate and securities law in India, we are confident that his contributions will further strengthen the Company’s strong governance, enhance our efforts to bring in the right expertise, and help Azure Power remain on the forefront of best practices.”

Commenting on the appointment, Dipti Swain said, “Azure Power, being an established leader in the solar power industry in India, is at the forefront of energy transformation through renewables in the country. I look forward to leading effective risk and change management as part of Azure Power’s growth plans.”

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-Indian portfolio of over 1,600 MWs. 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 to rooftop, 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

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Prakash Tiwari New Director (Operations) NTPC

31st Jan, 2018

Shri Prakash Tiwari has taken over the charge as Director (Operations), NTPC with effect from 31st January 2018. Prior to elevation to the post of Director (Operations), he was working as ED (Operations) & was looking after all activities related to operation of NTPC power plants.

Shri Prakash Tiwari, Director (Operations) NTPC, is a Mechanical Engineering Graduate from NIT Raipur. He joined NTPC as 6th batch Executive Trainee in 1981. He has an illustrious career spanning over 37 years of outstanding contribution in management of large size plants in the area of power plant operation & maintenance and in project construction as a Professional Manager, Strategic Planner and a Business Leader. He has led several initiatives for achieving operational excellence of Plants.

Shri Tiwari’s experience in power sector includes more than 7 years at senior management level as a “Business Unit Head” of NTPC Stations i.e Unchahar, Korba and Solapur.

Shri Tiwari is also Part-Time Director on the Board of NTPC Tamil Nadu Energy Company Ltd. (NTECL) and Kanti Bijlee Utpadan Nigam Ltd. (KBUNL).

As Director (Operations), NTPC, he shall be responsible for overall planning for smooth & safe operation of all NTPC power generating stations of more than 51000 MW capacity and also for fuel security & environment compliance of all Power Plants.


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NTPC SIGNS PACT WITH JABALPUR ADMINISTRATION FOR PROVIDING E-MOBILITY SOLUTIONS

31st Jan, 2018

India’s largest power generator to develop charging infrastructure for all segments of E-Vehicles

Marking its entry into Electric Vehicle arena as new business venture, NTPC has signed up Jabalpur City Transport Service for setting up the charging infrastructure for all segments of EVs across the city.

India’s largest power generator has signed a tripartite Memorandum of Understanding (MOU) with Jabalpur Smart City Limited and Jabalpur City Transport Services Limited for the city’s foray in the e-mobility.

The MoU was signed by Shri Ved Prakash, Commissioner, Municipal Corporation of Jabalpur & Managing Director, Jabalpur City Transport Services Limited, Shri Gajendra Singh Nagesh, CEO Smart City Jabalpur and Shri Praveen Saxena, General Manager, NTPC.

On this occasion Shri Ved Prakash, Commissioner, Jabalpur Municipal Corporation said “Reducing the dependence on fossil fuels & greenhouse gases emissions is need of the hour and switching over to Electric Mobility will definitely help to achieve the cause. Jabalpur intends to become the model city by adopting the electric mobility for segments of electric vehicles and lead other cities to replicate Jabalpur model. Going ahead the charging of EVs shall be done by Renewable Energy sources making the initiative complete green.

Shri Praveen Saxena, General Manager, NTPC said “NTPC is committed to develop the charging infrastructure for Electric Vehicles across the country. NTPC shall design the optimum charging infrastructure required for the city based on inputs received from Jabalpur administration. At present, the electricity connection shall be secured from Discoms, however, NTPC intends to bring its own Power at its charging stations for making the input electricity cost affordable for EV owners.

The MoU plans to cover all major activities in value chain from planning and designing the complete ecosystem to making investment and operating the charging infrastructure using cloud based system. This is the first major step taken by NTPC where a complete city shall be taken up for developing charging infrastructure for all segments of Electric Vehicles which will support and boost Government of India plans on e-mobility.


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Prasant Kumar Mohapatra, New Director(Technical ) NTPC

31st Jan, 2018

Shri Prasant Kumar Mohapatra has taken over the charge as Director (Technical), NTPC with effect from 31st January 2018. Prior to joining the board, he worked as Executive Director(Technical) at the NTPC -Corporate Centre.

Shri Prasant Kumar Mohapatra graduated in Mechanical Engineering from REC Rourkela in the year 1980. He joined NTPC in 1980 as an Executive Trainee and has more than 37 years of experience from concept to commissioning of power plants.

Shri Mohapatra started his career with Corporate Engineering Department and later moved to Talcher Super Thermal Plant where he served in Mechanical Erection and Turbine Maintenance. As Head of Maintenance and later on as head of O&M, he spearheaded several critical R&M activities at Talcher Thermal Power Plant. As head of O&M at Vindhyachal (3260MW), he was responsible for commissioning of new units as well as R&M of 200MW units.

Shri Mohapatra served as Business Unit Head at Kawas Gas Project, Sipat, Kahalgaon and Ramagundam. It was under his leadership that the first three 660MW super-critical units of NTPC were commissioned and declared commercial within a short span of 10 months. He had also headed Western Region –II of NTPC where he handled large portfolio of coal based and solar based plants both under construction and operation stages.

As Director (Technical), Shri Mohapatra shall be responsible for investment approval of projects, complete engineering during the development of the project, engineering support during O&M phase of the station and engineering for R&M of NTPC’s aged power stations for enhancing life and efficiency of power plant, for the entire portfolio of NTPC i.e Thermal, Hydro, Renewable. He shall also be responsible for R & D activities through NETRA (NTPC Energy Technology and Research Alliance), information technology function and Enterprise Resource Planning.

Shri Mohapatra is also Part-Time Director on the Board of Madhya Pradesh Power Generating Company Limited and Patratu Vidyut Utpadan Nigam Limited.


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NTPC Ltd. – Unaudited Financial Results for Q3 & 9M of Financial Year 2017-18

31st Jan, 2018

The Country’s largest power generator - NTPC Ltd. having installed capacity of 51383 MW declared the financial results for the third quarter and nine months of financial year 2017-18.

For 9M FY18, NTPC generated 197.239 Billion units against 186.544 Billion units generated in the corresponding period of the previous year, registering an increase of 5.73%. For Q3 FY18, NTPC recorded double-digit generation growth of 10.40% over the Q3 FY17 generation, represented by 6.386 Billion units. NTPC has posted highest quarterly generation of 67.782 Billion unis during Q3 FY18, surpassing previous highest quarterly generation of 65.047 Billion units during Q2 FY18. For the 9M FY18, NTPC Coal stations achieved PLF of 77.50% as against National average of 59.68%.

Total Income of Rs. 61,590.12 crore for 9M FY18 showed an increase of 5.36% against the Total Income of Rs. 58,455.45 crore reported for the previous corresponding period. For 9M FY18, Profit before Tax is Rs. 9,272.93 crore as compared to Rs. 9,379.95 crore declared in the corresponding period of previous year. The Profit after Tax, for 9M FY18, is Rs. 7,417.58 crore compared to Rs. 7,305.86 crore in the corresponding period of previous year, registering an increase of 1.53%.

The Total Income of Rs. 21,087.84 crore for the quarter registered an increase of 7.34% against Total Income of Rs. 19,646.09 crore in the Q3 FY17. For Q3 FY18, Profit before Tax is Rs. 2,584.78 crore and the Profit after Tax is Rs. 2,360.81 crore.


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NTPC establishes its USD 6.0 Billion MTN programme on India’s international exchange

31st Jan, 2018

NEW DELHI, Jan 30 - India’s largest power producer NTPC has listed its USD 6 billion (about Rs 40,000 crore) MTN programme (debt instrument) on India International Exchange at IFSC, GIFT City (India INX). While doing so, NTPC became India’s first quasi-sovereign company to list at India INX. The Listing was done on 24th January 2018 on the Global Securities Market of India INX; India’s first international exchange.

The listing will help NTPC raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.

This is NTPC’s first listing at India International Exchange and we are very happy to be part of India INX at IFSC, GIFT City. Now, for the first time in India, we have the opportunity to reach out to international investors to raise funds using a wide variety of products and currencies, in a similar manner, as available in other international markets. We are excited with this new development and look forward to partnering with India INX in years to come,” said Mr. Gurdeep Singh, Chairman and Managing Director, NTPC Ltd.

Mr. V. Balasubramaniam, MD & CEO at India INX, extended a warm welcome to NTPC’s MTN programme on the GSM Platform.

As an exchange, our endeavour is to offer a transparent, robust, cost effective and efficient capital-raising platform to both global investors as well as Indian issuers. We treasure and value this partnership with NTPC,” Mr. Balasubramaniam added.

About India International Exchange, IFSC, GIFT City:

India International Exchange (India INX) was inaugurated by Prime Minister Narendra Modi in January 2017, setting forth a vision that the International Exchange at GIFT should become a listing destination for issuers from India and the region. It is one of the world’s most advanced technology platforms with a turn-around time of 4 micro seconds and operates for 22 hours a day to allow international investors and Non Residents Indians to trade from anywhere across the globe.

The exchange being located in IFSC, GIFT City, provides competitive advantage in terms of tax structure and supportive regulatory framework. The Global Securities Market (GSM) of India INX went live on 8 Dec, 2017 with publication of its debt listing framework by India INX.


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NTPC felicitates 18 brave hearts for their exemplary acts of courage

25th Jan, 2018

New Delhi, January 25, 2017: With an endeavour to acknowledge, salute and applaud heroic acts of courage, NTPC, India’s largest power utility company, felicitated India’s 18 brave hearts who will be conferred with the esteemed National Bravery Award 2017 on Republic Day, tomorrow. Out of the courageous seven girls and eleven boys who were honoured at a function held at NTPC's Power Management Institute three brave souls were felicitated posthumously.

Congratulating the award winners on behalf of NTPC, Mr. Ajit Bhatnagar, Executive Director (PMI), said “The courage and compassion showcased by these children is commendable. Their bravery, valour and sacrifice serves as an inspiration for all Indians to dutifully perform their responsibilities towards humanity. We salute them and wish them all luck and success for their future endeavours.

Emerging as one of the leading integrated power majors, NTPC strongly believes in supporting and encouraging acts that have a positive impact on the society at large.

The children, hailing for different geographical locations, received the National Bravery Award from the Prime Minister and will be part of the parade on Republic Day.


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