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Tue, Oct

The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent.The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent.


The Caisse is contributing US$100 million to Azure Power Global Ltd.’s latest round of capital raising, bringing its total investment to US$240 million.
“Through this investment, we are reaffirming our commitment to Azure Power and our willingness to support its growth,” said Emmanuel Jaclot, executive vice-president of infrastructure at the Caisse, in a press release. “Azure Power is a leader in the fast-growing sector of solar power in India, a priority market for CDPQ, and has a high-quality management team that possesses thorough knowledge of the industry. Furthermore, this transaction fits perfectly with CDPQ’s desire to contribute, as an investor, to a global low-carbon economy.”

 

Azure’s business, which is spread across 23 Indian states, includes the development, construction and operation of solar projects of varying sizes, from utility scale, rooftop, mini and micro grids.Azure’s business, which is spread across 23 Indian states, includes the development, construction and operation of solar projects of varying sizes, from utility scale, rooftop, mini and micro grids.

 

“CDPQ’s successive investments into Azure Power since we went public on NYSE in 2016 are a strong testament of our leading solar power platform in India,” said Inderpreet Wadhwa, founder, chairman and chief executive officer at Azure Power, in the release. “CDPQ’s new investment enables our continued organic growth of highest quality solar power assets and our contribution towards realization of India’s prime minister’s commitment towards clean and green energy.”

One of India’s largest state, Uttar Pradesh, has issued a new tender just days after it successfully concluded another tender for 500 megawatts of capacity. This is the second part of the earlier cancelled 1GW tender.

Uttar Pradesh New Energy Development Agency has issued a fresh tender to set up 550 megawatts of solar power capacity in the state. As per the tender, 500 MW will be bought by Uttar Pradesh Power Corporation Ltd. and 50 MW will be bought by Noida Power Company Ltd. (NPCL).

The last date of tender submission is 30 Nov 2018.

As per the recent tender of UPNEDA, the lowest quoted tariff was on INR 3.17/ kWh. The winners in the previous tender were covered in our previous post.

In terms of the grid connectivity, here is what the tender has to say:

  1.  The grid connectivity and associated evacuation facilities from the solar power plant substation/switchyard to distribution/transmission system “feed in substation” will be provided in accordance with UPERC (Grant of Connectivity to Intra-State Transmission System) Regulations 2010 as amended from time to time.
  2.  The responsibility of getting connectivity with the transmission system owned by the Discom/STU will lie with the Project Developer. The cost of the transmission line up to the “feed in substation” viz the point of interconnection where the metering is done shall be borne by the Solar Project Developer. This transmission line shall be constructed by the Project Developer.

The entire cost of transmission including cost of construction of line, wheeling charges, and losses etc. as per applicable Regulations of the commission will be borne by the Project Developer and will not be met by the STU/Discom.

  1.  Seller(s) shall be responsible for the Operation and maintenance of dedicated transmission line up to the point of connectivity. Such arrangement shall be as per the regulations specified by the Appropriate Commission, as amended from time to time.
  2.  Construction and operation/maintenance of evacuation system associated with plants shall be the responsibility of generating company. However, for Bundelkhand and Purvanchal region conditions as mentioned in clause 6 will be applicable.
  3.  The Interconnection /Metering Point shall be located at the appropriate voltage of substation of Transco / Discom, and generating company shall bear the cost for construction of interconnection / metering facilities upto the point of connectivity.
  4.  In case of projects being set up in Bundelkhand and Purvanchal region of the state the following

shall be applicable:

  1. The Solar Project Developer is free to construct the transmission line on his own after deposition of the supervision charges with the STU/Discom.
  1. State Government as per Solar Energy Policy of Uttar Pradesh 2017 will provide the subsidy per KM on the following lengths of the transmission:-
  1.  For 05 to 10 Megawatt capacity-10 Kilometer
  2.  For >10 megawatt to 50 megawatt capacity -15 Kilometer
  3.  For >50 megawatt capacity - 20 Kilometer.
  1. Solar Project Developer shall construct the Double circuit or single circuit transmission line as per the planning approval of the concerned STU/Discom.
  1. The Solar Project Developer shall be given the subsidy for the transmission line length as mentioned in 2.7.7 (2) as per the “Rate Schedule” issued by the STU/Discom for the construction of per kilometer transmission line during the concerned year or the actual cost of construction, whichever is less.
  1. This subsidy shall be reimbursed to the Solar Project Developer by the UPNEDA after the construction of the transmission line and the Commercial Operation Date (COD) of the Power Plant. UPNEDA will reimburse the subsidy from the fund available from Government of U.P. within one month of receipt of verified expenditure documents from UPPTCL.
  1. The estimation of the subsidy amount payable will be as per the verification done by the concerned STU/Discom of the transmission work done and the expenditure made on it by the SPD. UPPTCL will verify the work done and expenditure made within one month of receipt of complete documents from SPD in UPPTCL.
  1. The STU/Discom shall own the transmission line constructed by the SPD after the Commercial Operation Date (COD) and operations and maintenance shall be the responsibility of the STU/Discom.
  1. If the SPD constructs single circuit transmission line on a double circuit tower than the STU/Discom shall be free to construct another transmission line on the same tower and any objection towards the same by the SPD shall not be acceptable.
  1. If the planning unit of STU/Discom proposes to LILO at any center on the transmission line constructed by the SPD than in that case any objection from the SPD towards the same shall not be acceptable.
  1. The Solar PV Project shall be connected to the nearest substation at the appropriate voltage level.

Here is the link to the tender document: http://upneda.org.in/MediaGallery/_RfP_for_550_MW_Solar_Power_dt_12-10-2018.pdf

FLIR® Systems, Inc. (NASDAQ: FLIR) today announced the FLIR Firefly® camera family, the industry’s first deep learning inference-enabled machine vision camera. The FLIR Firefly, which integrates the Intel® Movidius Myriad 2 Vision Processing Unit (VPU), is designed for image analysis professionals using deep learning for more accurate decisions, and faster, easier system development.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181018005168/en/

 
FLIR Firefly Integrates Intel® Movidius™ Myriad™ 2 VPU to Enable Deep Neural Networks for On-Camera ...

FLIR Firefly Integrates Intel® Movidius™ Myriad™ 2 VPU to Enable Deep Neural Networks for On-Camera Inference (Photo: Business Wire)

Traditional rules-based software is ideal for straightforward tasks such as barcode reading or checking a manufactured part against specifications. The FLIR Firefly combines a new, affordable machine vision platform with the power of deep learning to address complex and subjective problems such as recognizing faces or classifying the quality of a solar panel.

 

The FLIR Firefly leverages the Intel Movidius Myriad 2 VPU’s advanced capabilities in a compact and low-power camera, ideal for embedded and handheld systems. Machine makers can load their trained neural networks directly onto the Firefly’s integrated VPU. Additionally, Intel Movidius Neural Compute Stick users can easily deploy their existing networks directly onto the Firefly. This unique design reduces system size and improves speed, reliability, power efficiency, and security.

 

“Automated analysis of images captured by machines is a key part of our day-to-day lives that few of us think about,” said James Cannon, President and CEO of FLIR. “The quality, affordability, and speed-to-market of items like our smartphones or the food on our tables are made possible by systems using cameras doing both inspection and automated production. With the FLIR Firefly powered by Intel Movidius Myriad 2 VPU, we are enabling the designers of these systems to leverage deep learning faster and at lower costs.”

 

“The Intel Movidius Neural Compute Stick enabled FLIR to rapidly prototype, streamlining the early development of machine learning in the Firefly,” said Adam Burns, Director of Computer Vision Products at Intel. “Now the FLIR Firefly uses the compact, efficient Intel Movidius Myriad 2 VPU to perform real-time inference in the camera, without compromising the amazing levels of miniaturization that FLIR has achieved in this device.”

 

FLIR will demonstrate a preview of the Firefly camera at the VISION conference in Stuttgart, Germany, in the FLIR booth (Hall 1, Stand 1B42). To learn more, visit http://www.flir.com/firefly.

 

About FLIR Systems, Inc.

 

Founded in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a world-leading maker of sensor systems that enhance perception and heighten awareness, helping to save lives, improve productivity, and protect the environment. Through its nearly 3,500 employees, FLIR’s vision is to be “The World’s Sixth Sense” by leveraging thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. For more information, please visit www.flir.com and follow @flir.

 

 
MULTIMEDIA AVAILABLE :
https://www.businesswire.com/news/home/20181018005168/en/
Read more: FLIR Systems Announces Industry-First Deep...

The Solar Energy Corporation of India (SECI) has given a seventh extension to the largest floating solar power tender in India of 150 MW (50MW X 3).

Here is the link to the tender document which was issued in April this year. http://seci.co.in/web-data/docs/tenders/RfS_150MW%20Floating%20Solar_Rihand%20Dam.pdf 

 

The tender has been floated by SECI, on behalf of Uttar Pradesh Power Corporation Limited (UPPCL) which will sign the power purchase agreement with the project developers.

The agency has been forced to given such repeated extension due to the uncertainty associated with such projects, and the safeguards duty issue that played out over the last few months.

Here are some of the clauses which have been amended.

Original Clause 1: SECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsSECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsfrom the date as per the provisions of PPA. The maximum tariff payable to theProject Developer including safeguard duty notified vide Ministry of Finance,Govt. of India notification no. 01/2018-Customs (SG) dated 30.07.2018 on solarcells and modules is fixed at INR 3.32/ kWh for 25 years [including waterbodylease charges @ INR 0.05 (Five Paise) per kWh and dismantling charges @INR 0.02 (Two Paise) per kWh]. This tariff is fixed with the condition that if later itis found that no safeguard duty notified vide Ministry of Finance, Govt. of Indianotification no. 01/2018-Customs (SG) dated 30.07.2018 on solar cells andmodules has been paid by the successful bidder/ developer on the modulesused in this project, then the bid tariff will be reduced by INR 0.18/ kWh. For thepurpose of such bids no pass through benefit would be available to thesuccessful bidder/ developer. The Bidders will be free to avail fiscal incentiveslike Accelerated Depreciation, Concessional Customs and Excise Duties, TaxHolidays etc. as available for such projects. The same will not have any bearingon comparison of bids for selection. As equal opportunity is being provided to allbidders at the time of tendering itself, it is up to the Bidders to avail various taxand other benefits. No claim shall arise on SECI for any liability if Bidders are notable to avail fiscal incentives and this will not have any bearing on the applicabletariff.

Amended Clause 1: SECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsSECI shall enter into PPAs with successful bidder(s) for a period of 25 yearsfrom the date as per the provisions of PPA. The maximum tariff payable to theProject Developer is fixed at INR 3.32/ kWh for 25 years [including waterbodylease charges @ INR 0.05 (Five Paise) per kWh and dismantling charges @INR 0.02 (Two Paise) per kWh payable by the SPD to UPJVNL directly]. TheBidders will be free to avail fiscal incentives like Accelerated Depreciation,Concessional Customs and Excise Duties, Tax Holidays etc. as available forsuch projects. The same will not have any bearing on comparison of bids forselection. As equal opportunity is being provided to all bidders at the time oftendering itself, it is up to the Bidders to avail various tax and other benefits. Noclaim shall arise on SECI for any liability if Bidders are not able to avail fiscalincentives and this will not have any bearing on the applicable tariff.The related clauses elsewhere mentioned in the RfS shall beinterpreted accordingly.

Original Clause 2: The SPD has to get the required tranmission line constructed by Uttar PradeshThe SPD has to get the required tranmission line constructed by Uttar PradeshPower Transmission Corporation Limited (UPPTCL) on depository work basis.The approximate cost is mentioned below: -1. LILO of 132kV Anpara-Pipri at Bina Solar Plant (2 x 17KM) : INR 854.49 Lacs2. 132kV SC Line Bina S/s - Bina Solar Plant (03 KM) : INR 121.59 Lacs3. 132kV Feeder Bay at Bina S/s : INR 186.33 LacsTOTAL COST (APPROX.) : INR 1162.41 LacsThe SPD has to get the final cost from UPPTCL directly. SECI will bear noresponsibility in case of any variation on the above mentioned cost.

Amended Clause 2: The SPD has to get the required tranmission line constructed by Uttar PradeshThe SPD has to get the required tranmission line constructed by Uttar PradeshPower Transmission Corporation Limited (UPPTCL) on depository work basis.The approximate cost is mentioned below: -1. Package A (Connectivity at Anpara) : INR 427.245 Lacs2. Package B (Connectivity at Bina) : INR 307.92 Lacs3. Package C (Connectivity at Pipri) : INR 427.245 LacsTOTAL COST (APPROX.) : INR 1162.41 LacsThe SPD has to get the final cost from UPPTCL directly. SECI will bear noresponsibility in case of any variation on the above mentioned cost.

 

ORIGINAL PERFORMANCE BANK GUARANTEE (PBG) CLAUSE: Bidders selected by SECI based on this RfS shall submit Performance BankGuarantee for a value @ INR 11.25 Lakh/ MW/ Package within 30 days ofissuance of Letter of Intent (LoI) or before signing of PPA(S), whichever isearlier. It may be noted that successful Bidders shall submit the PerformanceBank Guarantee according to the Format 7.3 B for a value @ INR 11.25 Lakh/MW/ Package with an initial validity period from the date of submission of thePBG until 27 (Twenty Seven) Months from the Effective Date of the PPA. Onreceipt and after successful verification of the total Performance BankGuarantee in the acceptable form, the BG submitted towards EMD shall bereturned by SECI to the successful Bidder. Non submission of PBG within theabove timelines shall be treated as follows:a. Delay upto 01 month from due date of submission of PBG: Delay charges @1% of the PBG amount per month levied on per day basis shall be paid by theBidder to SECI in addition to the PBG amount.b. Delay beyond 01 month from the due date of submission of PBG: The BGagainst EMD submitted by the Bidder shall be encashed by SECI and theProject shall stand terminated.For the purpose of calculation of the above delay charges, ‘month’ shall beconsidered as a period of 30 days.

AMENDED PERFORMANCE BANK GUARANTEE (PBG) CLAUSE: Bidders selected by SECI based on this RfS shall submit Performance BankBidders selected by SECI based on this RfS shall submit Performance BankGuarantee for a value @ INR 11.25 Lakh/ MW/ Package within 90 days ofissuance of Letter of Intent (LoI) or before signing of PPA(S), whichever isearlier. It may be noted that successful Bidders shall submit the PerformanceBank Guarantee according to the Format 7.3 B for a value @ INR 11.25 Lakh/MW/ Package with an initial validity period from the date of submission of thePBG until 30 (Thirty) Months from the Effective Date of the PPA. On receipt andafter successful verification of the total Performance Bank Guarantee in theacceptable form, the BG submitted towards EMD shall be returned by SECI tothe successful Bidder. Non submission of PBG within the above timelines shallbe treated as follows:

a. Delay upto 01 month from due date of submission of PBG: Delay charges @1% of the PBG amount per month levied on per day basis shall be paid by theBidder to SECI in addition to the PBG amount.

b. Delay beyond 01 month from the due date of submission of PBG: The BGagainst EMD submitted by the Bidder shall be encashed by SECI and theProject shall stand terminated.The successful bidder/ SPD shall extend the validity of PBGs as and whendesired by SECI without any additional financial implication to SECI.

For the purpose of calculation of the above delay charges, ‘month’ shall beconsidered as a period of 30 days.

 

ORIGINAL POWER PURCHASE AGREEMENT: SECI shall enter into Power Purchase Agreement (PPA) with Selected Biddersbased on this RfS. A copy of standard Power Purchase Agreement (PPA) to beexecuted between SECI and the selected SPD will be made available onwebsite of TCIL https://www.tcilindia-electronictender.com and also in SECIwebsite www.seci.co.in. The PPA shall be signed within 30 days from the dateof issuance of LOI, if not extended by SECI (for e.g. If the LOI is dated20.10.2018, then the last date of signing of PPA shall be 19.11.2018). PPA willbe executed between SECI and selected bidder or its SPV, for each Packagehaving cumulative installation capacity of 50MW.

 

AMENDED POWER PURCHASE AGREEMENT: SECI shall enter into Power Purchase Agreement (PPA) with Selected Bidders based on this RfS. A copy of standard Power Purchase Agreement (PPA) to be executed between SECI and the selected SPD is available on website of TCIL https://www.tcilindia-electronictender.com and also in SECI website www.seci.co.in. The PPA shall be signed within 90 days from the date of issuance of LOI, if not extended by SECI (for e.g. If the LOI is dated 20.12.2018, then the last date of signing of PPA shall be 19.03.2019). PPA will be executed between SECI and selected bidder or its SPV, for each Package having cumulative installation capacity of 50MW.

 

For the complete amendment document, click here: http://seci.co.in/web-data/docs/Amendment-I%20to%20RfS-PPA-PSA_150MW%20Floating%20Solar.pdf 

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