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Power Update
Feasibility study for IOC refinery upgrades
IOC has completed preliminary studies for a low-cost, selective
process upgradation of its 6 million tonne per year Barauni
refinery and is mounting feasibility studies for the Rs 1,000
- 1,500 crore upgrade. Originally set up to process light
sweet Assam crude in 1964 when it was available, the refinery
is currently using low sulphur Nigerian crude as feedstock,
which is economically unsustainable. The upgrade will enable
it to substitute 40-50 per cent of it with heavy sour Middle
East crude, enhancing the refining margin by $ 2 - 3 a barrel.
IOC is already implementing a Rs 23,000 crore programme to
revamp its refineries at Koyali in Gujarat, Panipat in Uttar
Pradesh and Haldia in West Bengal.
Contact: R Malhotra, General Manager
(Corporate Communications). Tel: 011-2626 0140.
E-mail: rakeshm@iocl.co.in Website: www.iocl.com
Upgradation for Meramandali power plant
The Meramandali coal-based power plant in Dhenkanal district
of Orissa is being recast as 3 x 350 MW from the 600 MW originally
envisaged. The project outlay has been revised upwards to
Rs 4,600 crore. The project promoter Nava Bharat Ventures
Ltd will pick up 51 per cent stake in revised equity base
of Rs 920 crore. The plant will supply 25 per cent of the
generated power to Orissa and has signed up 50 per cent of
the output with Power Trading Corporation at Rs 2.35 per unit.
It will trade the remainder on merchant sale basis at prevailing
market rates.
Contact: Nava Bharat Ventures Ltd.
Tel: 040-2340 3501/2340 3540. Fax: 040-2340 3013.
E-mail: nbvl@sify.com, nbvl@nettlinx.com
Website: http://nbv.in
NTPC bullish on gas swap deal
NTPC has agreed to assist utilities in Nigeria in rehabilitation,
renovation and modernisation of existing power stations and
upgrade training facilities available in Nigeria. It will
also be setting up and operating a 500 MW coal-fired power
plant and a 700 MW gas-based plant in the country. In return,
it has been promised access to 3 million tonne per year of
LNG on a long-term basis for taking off to India. NTPC is
faced with severe gas shortage to run its power plants and
is currently buying gas from the spot market, which costs
as much as $ 10.5-12 per mm Btu. It hopes to tie up gas swap
deals in West Asia on the same lines.
Contact: NTPC. Tel: 022-2436 0100.
Fax: 022-2436 1018. Website: www.ntpc.co.in
Kerala to dilute stake in TELK
Transformers and Electricals Kerala Ltd's installed capacity
is being enhanced to 5,500 MVA. TELK is entering into a JV
arrangement with NTPC. It hopes to tie up 65 per cent of the
outlay in debt, and 35 per cent in equity. The current equity
base is Rs 42 crore, with the state government holding 95.6
per cent and Hitachi of Japan and others holding 4.4 per cent.
NTPC is expected to pick up 44.6 per cent of the government
stake in the new dispensation, with the Kerala government
still holding 51 per cent majority.
Contact: Transformers and Electricals Kerala Ltd.
Tel: 0484-452 251-3. Fax: 0484-452 363, 452 873. Website:www.telk.com
Rs 6,000 crore green energy budget for NTPC
Thermal power major NTPC is looking at becoming India's largest
green power producer and has lined up investments to the tune
of Rs 6,000 crore to create generation capacity of 1,000 MW
via the renewable route over a period of 10 years. As the
'greenhood' of hydel power remains controversial, the company
plans to invest a bulk of its new renewable energy budget
in wind energy. It is also eyeing opportunities to include
geo-thermal energy and small biomass projects. The first of
the wind power initiative is likely to be a 50 MW offshore
wind farm and possible location options are currently being
evaluated.
Contact: NTPC. Tel: 022-2436 0100.
Fax: 022-2436 1018. Website: www.ntpc.co.in
Coal India subsidiary plans plant in Raigarh
Coal India subsidiary South Eastern Coalfields Limited is
in talks with a Chennai-based company to set up a 1,000 MW
power plant near Raigarh in Chhattisgarh. SECL contributes
24 per cent of the output of Coal India and is the first among
open cast and underground mining entities. It is currently
working on a short-wall project in its Balrampur mining facility
to increase underground coal production and expects production
to go up by 10 per cent. The company is now readying an agreement
that will give the first right of purchase to the state government.
SECL will promise power at production cost, in return, for
the state's help in setting up the power plant.
Contact: South Eastern Coalfields Limited.
Tel: 033-2248 8099, 033-2243 5147.
Fax: 033-2243 5316. E-mail: telecil@cal2.vsnl.net.in, cil@wb.nic.in
Website: www.coalindia.nic.in
Ispat scales up Chattisgarh plant
A fresh MoU has been signed by Ispat Industries and the Chhattisgarh
State Government, for doubling the capacity of a power plant
that the company proposes to set up in the state. The new
MoU will supersede the earlier MoU signed in January 2007
for a 600 MW coal-based power project. The minimum size of
a power plant has been increased by the government from 500
MW to 1,000 MW for it to be reckoned as a 'mega power project'
and be eligible for coal linkages, captive coal blocks and
other benefits. Ispat has scaled up the investment to Rs 5,300
crore from the original Rs 2,500 crore to set up a bigger
plant.
Contact: Ispat Industries. Tel: 022-6654 2222.
Fax: 022-228 5519. E-mail: contactus@ispatind.com
Website: www.ispatind.com
Rs 10 crore power bonanza for new J&K district
The newly created district Shopian in J&K will see a somewhat
improved power scenario, with the state government undertaking
a Rs 10 crore revamp of the transmission system. The plan
under the Accelerated Power Development and Reforms Programme
involves reconductoring of 5 high tension feeders and erection
of 60 new sub-stations in the district during 2007-08. The
district will also have all its villages electrified under
the Rajiv Gandhi Grameen Viduytikaran Yojna by end 2009.
Contact: Directorate of Information.
Tel: 0194-245 2294, 245 2437, 248 1980, 245 9172.
Fax: 0194-245 2227.
Mega wind farm order for Suzlon in US
PPM Energy of Portland, Oregon, which is setting up a mega
wind farm in Northern America has opted for Suzlon S88-2.1
MW turbines. PPM's contract with the subsidiary of Suzlon
Energy Limited's international arm Suzlon Energy A/S is for
delivering a total 400 MW capacity, spread over 2008 and 2009.
It is the largest single capacity contracted by Suzlon yet.
Contact: Suzlon Energy Ltd.
Tel: 020-4012 2000. Fax: 020-4012 2100.
E-mail: pune@suzlon.com Website: www.suzlon.com
In-principle nod for one more Pipavav SEZ
An in-principle approval for establishing an SEZ dedicated
to alternative energy and energy ancillaries at Pipavav in
Gujarat has been accorded to PSL Ltd. The Mumbai-based infrastructure
and construction company owns and occupies land adjacent to
Pipavav port. Activities at the SEZ will primarily relate
to alternative energy products and services in biodiesel,
solar power, ethanol and windmill sectors.
Contact: PSL Ltd.
Tel: 022-6644 7777. Fax: 022-6644 7700/6644 7711.
Website: www.pslholding.com
SNAPSHOTS
Japan Bank for International Co-operation will give Rs 626.43
crore to Maharashtra State Electricity Transmission Company
Ltd.
The Kerala State Electricity Board has signed an agreement
with Viyyat Power (Pvt) Ltd for power purchase.
Abhijeet Group is expanding in the east; plans a 1,200 MW
independent thermal power plant at Rs 6,355 crore.
PTC India Ltd has signed an MoU with India Infrastructure
Finance Company Ltd for thermal and hydro power projects.
Tata Chemicals Ltd to invest Rs 50 crore for first bio-ethanol
plant in Maharashtra.
Nuclear Power Corp of India will set up nuclear power plants
totalling 10,000 MW in Maharashtra.
Alstom Projects India Ltd gets Rs 1,000 crore contract from
Gujarat State Electricity Corporation Ltd.
NTPC to conduct feasibility study for Cochin Port Trust to
provide electric supply to two port-based SEZ.
L&T gets orders worth Rs 990 crore from SAIL for a gas-insulated
substation in Chhattisgarh.
Hindustan Dorr Oliver Ltd bags Rs 85 crore orders from IOC
for re-cycling plant for Haldia Refinery.
Coastal Energy signs MoU with Griffin Coal Company of Australia
for sourcing thermal coal for its customers in India.
Rajasthan Government approves 1,000 MW Kalisindh power project
in Jhalawar district estimated to cost Rs 4,600 crore.
Damodar Valley Corporation to set up two 500 MW thermal power
plants at Purulia district; Investment Rs 4,000 crore.
Sutlej Jal Vidyut Nigam Ltd bids for two hydel projects of
3,000 MW and 1,200 MW in Arunachal Pradesh.
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