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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Read more: PSUs should be a Role Model - CVC

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.

Read more: Hero Solar’s 43MW Project Loan Gets Stable / IND...

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).

Read more: India May Miss FY19 Solar Auction Targets

With the fast growth of the business, CHINT India is ready to move forward to the next step. CHINT India organised the “New Step Launching Ceremony” at Crown Plaza, Mayur Vihar. The new Indian market strategy and warehouse establishment was announced in the ceremony. CHINT’s Indian subsidiary has established in 2010. Along the years, CHINT India has offered integrated solutions to Indian valued customers like NTPC IBPIL and TATA Power, in several segments with product scope of LV, MV, HV, Automation, Solar and Power equipment.

On this occasion, Lily Zhang, Vice President, Chint India siad, “Thanks to everyone to be a part of this event and sharing your valuable & precious time with us. As we all know that Nowadays India is at the stage of fast-growing development,and for that Indian government has many plans to carry out like “smart city”, 5 industrial corridor projects across India. At the same time a growing number of world-renowned companies, such as IKEA and Wal-Mart, have also set foot in India, which demonstrates the potential of the Indian market. Based on the rich experience and technological reserve of urban construction in China, CHINT is willing and confident to copy this experience to India, helping India’s development and achieving win-win results. In CHINT’s strategy for the future, we are now came up with warehouse support to the customers for strengthen retail network and projects and later on will take India as its manufacturing and supply centre, product and marketing centre, after-sales and customer service centre.

In addition, CHINT has achieved several projects in the fields of power transmission and distribution, new energy and automation. Since 2008, India’s state power companies and private utilities have used CHINT’s power transformers from 6.9kv to 420KV; in 2017, there were another 2 220KV GIS used in GETCO power grid; TATA group, one of the biggest conglomerate, purchased 110KV 90MVA from CHINT. In the area of automation, CHINT has successfully supplied electro-hydraulic control systems and by-pass automation systems to 14 units of India’s Adani Power Company. In the field of new energy, by the end of 2017, CHINT, which is committed to environmental protection and energy saving, has been part of a total capacity of over 3500MW in solar power stations worldwide, and over 300MW solar projects in India..

CHINT founded in 1984. In 2015, CHINT Indian office set up in New Delhi, and local team are taking shape. CHINT Group has developed to be the leader in Chinese industrial electrical equipment production and clean energy fields. CHINT has a total asset of over USD 9.9 billion(roughly 61.5 billion RMB), has achieved sales revenue of US$9.7billion (60 billion RMB) in 2017 and has more than 30,000 employees. It covers the entire industrial chain of “generation, storage, transmission, transformation, distribution and use” of power equipment, and lays out urban rail transit, energy equipment manufacturing, new energy storage materials, energy Internet, investment and financing platforms and business incubators. Its products are sold well in many countries and regions in the world, and have entered the international main markets in Europe, Asia, Middle East and Africa.

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