Japan has agreed to provide loans of about 316 Billion Yen for seven major infrastructure projects in India. These include Mumbai-Ahmedabad Bullet Train, projects in Delhi, North East and Chennai.
Mumbai-based solar solutions company, Oriano, has emerged as fourth fastest growing technology company pan India on the Deloitte Technology Fast 50 India 2018, a ranking of the 50 fastest growing technology companies in India.
Sungrow, the global leading inverter supplier for renewables, announced it recently made a compelling success with an open course held in one of Indian well-known university, Indian Institute of Technology Patna, under the title solar innovation and contribution.
The Solar Energy Corporation of India (SECI) has once again extended the last date for receiving bids for the setting up 1200 MW wind-solar hybrid renewable energy capacity.
A 40-60% haircut, along with financial safeguards, can resolve as much as Rs 1 lakh crore of debt stuck in coalbasedpower projects and enhance their viability on a sustained basis.
PSUs should be a Role Model - CVC
29th Oct, 2018
Public Sector Undertakings (PSUs) are primarily commercial organizations competing with non-government organizations, nevertheless PSUs are expected to work as a model organization, said Shri K.V. Chowdary, Chief Vigilance Commissioner while addressing NTPC employees today at the SCOPE, Complex, New Delhi during his Inaugural Address of the Vigilance Awareness Week programme. He added that performance in numerical terms is not the only criteria for judging a PSU, the merit lies upholding high standards of integrity while dealing with all its Stakeholders.
Shri Chowdary further outlined how PSUs have an additional responsibility of serving the nation by introducing new initiatives in various spheres like R&D, Vendors Training & Development, Employees motivation besides creating awareness of Systems and Standard Operating Procedures. He praised the PSUs especially NTPC for their contribution to nation building.
CVC also interacted with the employees in an open house on the occasion and answered their queries.
Shri Gurdeep Singh, CMD and Shri Rajit Punhani, CVO, NTPC and Senior officials of CVC and NTPC were present on the occasion.
Shri Gurdeep Singh, CMD, NTPC said that we at NTPC are committed to ensure maximum transparency, accountability and minimum discretion in our business processes including mining and Integrity is engraved in our core values.
While welcoming the CVC, Shri Rajit Punhani, CVO, NTPC, said that the role of vigilance in the organization is to facilitate good governance and create an ecosystem for organizational excellence by involving all Stakeholders including the public at large.
The Vigilance Awareness Week is organized each year and during this period, public campaigns are carried out with the chosen theme. This year “Eradicate Corruption – Build a New India” is the theme for the Vigilance Awareness Week.
Vigilance Week is organized to promote integrity and eradicate corruption with public participation as it plays a very vital role in fighting corruption and in nation building. Various outreach activities like Gram Sabhas, Street plays, radio jingles and competitions are being organized in schools, colleges, villages, towns and cities to spread the message of integrity.
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RGSEPL, which is sponsored by Hero Solar Energy Private Limited (HSEPL), operates a 43MW solar project in Madhya Pradesh. It has signed a 25-year PPA with MPPMCL at tariff of INR5.46/kWh. The project was awarded through tariff-based competitive bidding and was fully commissioned ahead of the stipulated date in the PPA. The project was implemented in a debt/equity ratio of 80:20.
With safeguard duty, this can crank up tariffs by 30 paise/unit for future projects.
Earlier in July, SECI had issued a tender for setting up of 2 MW Solar PV power plant with 01 MW BESS at KAA, Himachal Pradesh.
The last date of bid submission is now extended till 12.11.2018 (14:00 Hrs). The tender said that any containerised battery technology can be used as long it is suitable for the location’s climatic conditions.
The tender said that the battery will be located at Rangreek, Kaza near Rong Tong Hydro Power Station, 12,000 feet in altitude. The annual temperature of the location ranges of -40°C to 30°C and area sees snow of up to six feet in winter months. The tender also mentioned that the battery must be designed for maximum flexibility with regard to site-specific voltages, frequency, phase imbalance, and protection requirements.
The scope of work includes the design, engineering, supply, construction, installation, testing, and commissioning of the projects. Apart from these, the successful bidder will also be responsible for 5 years of operations and maintenance (O&M) services. This would include the supply and storage of all mandatory spare parts, consumables, repairs and replacements of any defective equipment during the O&M period.
SECI released the NIT on behalf of Himachal Renewable Limited, a JV between SECI and Himachal Pradesh State Electricity Board (HPSEBL).
A sense of cautious optimism is spreading across renewable projects, with bidders and lenders going circumspect around low margin of error owing to the steep fall in tariffs since the start of auction regime, says India Ratings and Research (Ind-Ra).A sense of cautious optimism is spreading across renewable projects, with bidders and lenders going circumspect around low margin of error owing to the steep fall in tariffs since the start of auction regime, says India Ratings and Research (Ind-Ra).
REPORTS 19% INCREASE IN RENEWABLES EBITDA AT ₹631 crore
The deadline for bid submission against the recently issued 750 MW tender has been extended to 2 Nov 2018.