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TBEA XÍAN ELECTRIC TECHNOLOGY CO. LTD., is the world’s leading PV-inverter manufacturer having its India Headquarters in Gurugram, has started a global initiative of conducting technology exchange conferences across India for spreading technology awareness of TBEA inverters on the platform named “TBEA SMART PV SOLUTION TECHNOLOGY EXCHANGE CONFERENCE”.

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  • An iconic marquee premises in South Mumbai has turn Renewable Energy by installing a rooftop Solar PV project to generate clean and green power to supplement its energy requirements.
  • With the completion of the newly installed 820kWp roof top solar system on the roof of Brabourne Stadium, CCI is now on a striking path to energy independence. This is the largest project implemented on a single roof by a private entity in Mumbai.
  • This project will be the largest rooftop solar PV installation on a cricket stadium in the world.
  • Having previous installed a 45kW system a few years ago under the net metering scheme, it stands no surprise that the CCI committee and members alike chose to build a clean, renewable and sustainable tomorrow for their future generations.
  • The newly installed system on the north and west stands will account for a major chunk of the electricity being consumed by the club, stadium and its peripheral occupants. The east stand is set to be considered for a future expansion.
  • The system is expected to generate a total of 11,48,000 electricity units annually. In it’s operational life of 25 years, the project would have generated about 2,87,00,000 units of clean & green energy.
  • Mitigating 25,215 tons of CO2 during its operational life the project will significantly contribute to protecting the environment in the years to come. This is equivalent to planting 40,344 teak trees.
  • Excelsior Engineering Solution was appointed to carry out the Pre-Engineering, Vendor Evaluation, Project Implementation Assistance and Supervision on behalf of the Club.
  • The Club`s authorities are proud to showcase the use of state of the art latest technologies from across the world being utilized in the setting up of the project with a total of 2280 solar PV panels of 360Wp each.
  • Being a place of sporting action where a lot of general public also visits during matches and concerts, the Club has left no stone unturned in ensuring world class safety precautions and measures for the protection of the system and guests alike.
  • It shall be a true marvel to be a spectator in the stands where the electricity powering the score boards and review screens in being generated by the over head roofs of those very stands itself.
  • Undertaking such a noble initiative while being one of India`s oldest and most prestigious sporting bodies, sets a benchmark for other institutions and organizations to adopt. Due to the sheer volume and scale of visitors witnessed by the club, the project is set to generate a wide spread awareness on rooftop solar, while putting making itself a predominant icon on the Nations Solar Mission.
  • “Special care was taken right from the pre-engineering phase to ensure the safety of the system due to the high-speed winds witnessed at the location and protection against corrosion was a predominant criteria while selecting the components being utilized for the project due to its close proximity to the sea. The entire project is a world class project with the equipment’s selected being best in it’s class.” Said Mr. Uday Doshi, Founder of Excelsior Engineering Solutions.
  • Excelsior Engineering Solutions has successfully provided services to over 1000 MW`s of solar projects across 13 states of India. With a spectrum of service like Design & Engineering, Project Management Consultancy, Owner`s Engineering, 3rd Party Validation and Bid Assistance; it has enabled EES to develop a vast and varied client base that consistently relies on it for accurate and effective results.

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  • One of India`s oldest Cricket Stadiums goes solar.
  • Total of 2280 solar PV panels.
  • Largest project implemented on a single roof by a private entity in Mumbai.
  • Largest solar installation on a cricket stadium in the world
  • Cumulative size of 865kW
  • Pre-Engineered by EES during re-roofing itself to suit solar installations
  • Generate about 11.5lakh units annually
  • Will mitigate 25,215 tons of CO2 during its operational life
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Particulars

Q1FY19

(Unaudited)

Q1FY18

(Unaudited)

Growth

(%)

Total Revenue

1090.13

1016.13*

7.3

EBITDA

443.93

371.29*

19.6

PBT

6.46

-27.72

 

PAT

4.13

-19.02

 

EPS

0.01

-0.03

 

 

Jaiprakash Power Ventures Ltd., registered substantial growth in its revenue, EBITDA, PAT and EPS during the first quarter of FY19 as compared to corresponding quarter of FY18. While revenue grew from Rs. 1016.13 crore to Rs. 1090.13 crore and EBITDA went up from Rs. 371.29 crore to Rs. 443.93 crore. During the quarter JPVL earned a PAT of Rs. 4.13  Crore as compared to Loss of Rs. 19.02 Crore in the corresponding quarter in the previous year.

The above mentioned results were announced here today after the Company’s board meeting. 

JPVL is the designated power vehicle of the Jaypee Group and was incorporated with the objective of development and operation of power projects in India. It currently has a operational capacity of 2220 MW.

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Coastal Gujarat Power Ltd, a fully owned subsidiary of Tata Power, India’s largest integrated power utility, has bagged FAME Excellence Safety Award for best safety practices and implementing workplace safety norms. Mr. Pramod Kumar Singh, Head - Fire & Safety, CGPL received the award on behalf of the Company at an event held in Dehradun on July 29, 2018.

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Q1 FY19 Consolidated PAT rose to ₹1,735 crores due to all round performance and exceptional gain of ₹1,483 crore (net of taxes) as against ₹406 crore in the same period last year. PAT was impacted by lower profit in coal companies mainly due to change in the Indonesian regulations for Domestic Market Obligations (DMO), adoption of new Accounting standard IND-AS115 and forex impact at CGPL. Q1 FY19 Consolidated Revenue was up by 16% at ₹7,139 crore.

Q1 FY19 Consolidated EBITDA stood at ₹1,686 crore. Renewables continue to report strong EBITDA of ₹580 crore despite lower EPC sales. All other subsidiaries & Joint Ventures continued to perform well.

During the quarter, the Company added 100 MW of capacity and won new renewables bids worth 400 MW.

 Editorial Synopsis:

Key Financial Highlights: Q1 FY19 vs Q1 FY18

  •          Consolidated PAT stood at ₹1,735 crore up by 328% including exceptional gain of  ₹1483 crore as compared to ₹406 crore.
  •          Standalone PAT stood at ₹1,134 crore up by 422% including exceptional gain of ₹930 crore as compared to ₹217 crore
  •          Renewable business PAT stood at ₹125 crore as compared to ₹142 crore due to lower wind PLF and lower EPC sales.
  •          Consolidated Revenue* stood at ₹7,139 crore up by 16% as compared to ₹6,166 crore.
  •          Standalone Revenue* stood at ₹1,844 crore as compared to ₹1,850 crore.

 Key Business and Growth Highlights:

  • Tata Power partnered with Tata Motors to make Maharashtra EV ready and to establish Electric Vehicle Charging Stations in the State for public use.
  • Tata Power, wholly owned subsidiary TPREL won 400 MW of Solar PV projects in Andhra Pradesh, Karnataka and on long-term basis in Maharashtra.
  • TPREL entered into a Power Purchase Agreement with GE for 5MW to provide solar rooftop solutions for six manufacturing and services sites in India.
  • Tata Power launched IoT based Smart Consumer Sub Station enabled by Tata Communications.
  • Tata Power becomes the first Power utility to automate bill payments using e-NACH; partners IDFC Bank for digitized solution in Mumbai.
  • Tata Power Skill Development Institute has been awarded with ISO 29990:2010 and ISO 9001:2015 dual certification by the Bureau Veritas, a certification body accredited by the National Accreditation Board.
  • ‘Club Enerji’ saved 4 MUs of Electricity in FY17-18, sensitised over 3.5 million People across the country.

 

Tata Power, India’s largest integrated power company, today announced its results for the quarter ended 30th June, 2018, reporting a 328% increase in consolidated PAT and 422% increase in standalone PAT as compared to Q1FY18.

PERFORMANCE HIGHLIGHTS: CONSOLIDATED

On a consolidated basis, Tata Power Group’s Q1 FY19 Revenue* was up by 16% at ₹7,139 crore as compared to ₹6,166 crore last year. This is mainly due to higher generation at CGPL, TPDDL, commencement of Ajmer Distribution operations, coupled with higher generation in Renewable business.

Consolidated PAT stood at ₹1,735 crore up by 328% as compared to ₹406 crore in Q1 FY19 due to all round performance and exceptional gain of ₹1,483 crore (net of taxes).

Higher coal prices, MTM loss and adoption of IND-AS 115 impacted CGPL profit as compared to previous period. Coal Companies performance was also impacted due to change in the Indonesian regulations for Domestic Market Obligations (DMO) and higher mining costs.

PERFORMANCE HIGHLIGHTS: STANDALONE

For the Quarter ended June 30, 2018, Standalone Revenue* stood at ₹1,844 crore as against ₹1,850 crore mainly due to lower wind availability. 

Profit from Operations stood at ₹572 crore as against ₹610 crore in the corresponding quarter last year.PAT stood at ₹1134 crore (includes exceptional gain of ₹930 crore net of tax) as compared to ₹217 crore in corresponding period last year  with steady operations  and Operating expenditure well under control.  

Commenting on the Company’s performance, Mr. Praveer Sinha, CEO & Managing Director, Tata Power said, “During the quarter, Tata Power has redesigned its organization structure to focus on key identified growth areas like Renewable Generation, Transmission, Distribution and New & Value-Added Businesses including Rooftop Solar, Smart Metering, Micro Grids in rural areas and setting up of Electric Vehicle charging units. While the traditional business of thermal and hydro continues to perform well, we believe our future growth areas will bring in greater value and help us align with the consumer needs. The distributed generation business will be of great value to the end users as well as of the best of quality due of our domain expertise.

At Present, we are working with the High Powered Committee to resolve the Mundra issue and we hope that the resolution will benefit all stakeholders. During the quarter, all our businesses have done well. Renewable continues to be the higher contributor to the profitability of the company. Our PAT was impacted during the quarter due to change in Accounting standards, higher mining cost, change in Indonesian Regulations in coal companies and forex hit in CGPL. The company is committed to deleveraging the balance sheet by divesting the non-core assets.”

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GOLDI GREEN OFFERS FREE ONE YEAR INSURANCE TO IT’S RESIDENTIAL ROOF TOP SOLAR PLANT CUSTOMERS

 

Goldi Green, the renowned solar PV module manufacturer has firmly established itself as a quality EPC player as well. A solar power plant is an important long-term investment for a customer. And insuring it against unforeseen calamities and accidents is equally important as well. As a token of appreciation, Goldi Green offers a one-year insurance policy to all its residential roof top customers for free, to cover and protect their solar plants against various risks like fire, lighting, riots, malicious damage etc. Goldi Green has always followed a customer centric philosophy along with delivering the best quality.

Banks open its doors for solar financing, especially rooftop. Banks are now actively &easily providing solar loans. As per Mr. SP Shrimali, Chairman, Rajasthan Marudhara Gramin Bank their bank has set aside fund of Rs. 100 Crore for solar financing. Two branches Bhankrota, Jaipur and Jagatpura, Jaipur are declared especially solar rooftop branches now.

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