Energy Insights Weekly

A Must Read Weekly Newsletter For Power Sector Executives, Investors & Professionals

Energy Insights Weekly published by Industry Monitor, Plot No 7A, Saraswathi Colony January 01-08. 2011 Issue Number 1

Power Sector News in Brief Indispensable Read for

Investors, Developers or Operators of

• Abhijeet Group is setting up a 1080 MW at Chandwa in Jharkhand, a 1320MW super- power projects , Regulators, Policy
critical power plant at Banka in Bihar & 246 MW Multi-modal International Hub Air- makers, Financiers, Bankers, Con-
port at Nagpur. The financial closure of these projects has already been done and 80 per- sultants, Legal specialists, Equity
cent funds are being availed through debt. analysts, Contractors, Equipment
manufacturers, Service providers
• Gridco has signed PPAs with seven biomass players viz Shalivahana Green Energy
Pvt ltd (Dhenkanal), Prasad Bio-Energy Pvt Ltd (Rayagada), Andhavarapu Bio-Energy In this issue :
Pvt Ltd (Nabarangpur), AVN Power Projects Ltd (Kalahandi), Staya Bio-Power Pvt Ltd
Industry News
(Ganjam), Rashmee Power Pvt Ltd (Boudh) and Rake Power Ltd (Sundergarh)
• NTPC signs PPAs with Orissa's
• JSW Energy Ltd has commissioned second unit of 300 MW of the 4 x 300 MW power GRIDCO
project at Jaigad in Ratnagiri, Maharashtra and achieved commercial operation date • NHPC to commission 10 projects by
(COD) effective December 30, 2010. March 2012
... and more
• Project work on NEEPCO's 104-MW Monarchak thermal power project at Sonamura
in western Tripura has commenced. Commercial operations is expected in March 2014.
Project News
• Anil Ambani recently met Andhra Pradesh CM to explore the possibility of setting up the • Godawari Power and Ispat to set up
3,960-MW ultra-mega power project close to the Krishnapatnam port in Sri Potti 50 MW solar Power Project in Guja-
Sriramulu Nellore district, which is likely to be commissioned in 2015. rat
• NEEPCO plans 52 MW CCPP in Tri-
• Nandi Economic Corridor Enterprises is planning to raise Rs.2000 crore through IPO to
pura
fund construction of a 99-km expressway between Bangalore and Mysore , three town-
...and more
ships and a 400-mw power project.
• GMR Gujarat Solar Power Pvt Ltd (25 MW), Sun Edison Energy India Ltd (25 MW), Alex Contracts, Deals & Alliances
Astral Power Pvt Ltd (25 MW), Roha Energy Pvt Ltd (25 MW), Emami Cement Ltd (10 • Universal Power signs MoU with
MW), Azure Power (5 MW) are few projects that have been allotted land in the proposed SPECO, China
Gujarat Solar Park. • Lanco Bags Rs.4100 Crore Contract
from Moser Baer
• Gujarat is drafting a policy to promote geothermal energy. The Ministry of New &
... and more
Renewable Energy has identified Gujarat as one of the states with potential for setting
up geothermal power plants. EIW Special
• The foundation stone of the 500MW Gujarat Solar Park being developed by Gujarat • Udangudi Power Project - Updates
Power Corporation has been laid. The Rs.1,247-crore project is coming up on 1,000- acre • List of Gujarat projects seeking
allocation of gas
wasteland at Charanka near Santalpur in Patan district in north Gujarat • Tandwa Mega Power Plant in Jhark-
hand
• BHEL has clarified that the company is not planning to set up power generation
• Super Thermal Power Project
project on the plot abandoned by Tata Motors at Singur. The company said, the land re- (STPP) at Kudgi in Karnataka -
quirement for the proposed project of 1,500 MW is much bigger than the plot available at Status
Singur. ..and more

• Trina Solar, has commissioned a 5-MW solar power plant developed by Lanco
Infratech. Trina Solar was the exclusive supplier of the high performance PV modules http://industrymonitor.in
to power the solar plant located in the Indian state of Gujarat.

Energy Insights Weekly ( EIW) is an easy-to-read email newsletter service that brings senior executives and management the lat-
est news on power generation sector in India. Each issue of EIW will focus on policy, reforms, new investments, project updates,
business opportunities, regulatory developments, contracts and deals, corporate news & financings.

For subscriptions write to : industry.monitor@gmail.com

Industry News
SAIL, NPC JV plans nuclear plant
SAIL plans to set up a Rs 5,000-crore nuclear power plant
having a capacity of 700 mega watt in a joint venture with
Nuclear Power Corporation of India. The joint venture will be
funded through a mix of up to 80 per cent debt and 20 per
cent equity. since NPCIL would be the operator, it would
probably be given a 51 per cent stake. The plant site will be
decided by NPCIL in consultation with the government, keep-
ing in view security considerations. . the plant was likely to be
in Gujarat, though alternative sites in other states in western
India were also being looked at.
Areva SA, the world’s largest maker of nuclear power sta-
tions, Alstom, General Electric, Toshiba Corp’s Westinghouse
Electric Co and Russia’s atomic energy agency Rosatom will
be vying for contracts to sell reactors to the SAIL joint ven-
ture.
NALCO to Bid for 2 Ultra Mega Power Plants
National Aluminium Co will bid for two of India's upcoming
4,000 megawatt power plants in the eastern states of Orissa
Page 2
Energy Insights Weekly
and Chhattisgarh. The company is holding talks with NMDC
Ltd. and Neyveli Lignite Corp for a joint venture. So far India
has only awarded its 4,000 MW power plants--also called ultra
mega power projects, or UMPPS--to private sector companies.
The country plans to build at least 16 UMPPs to boost electric-
ity generation and tackle acute power shortages. Four such
projects have been awarded so far--one to Tata Power Co. and
three to Reliance Power Ltd.
Lanco Infratech to hive off its power business
Lanco Infratech will be hiving off its power business into a
separate company with the aim of hitting the capital market
with an initial public offer in 2012 for financing growth plans.
an operational power generation capacity of 2,100 megawatts
(mw) under eight special purpose vehicles or SPVs with plans
to raise its capacity to 4,000 mw by 2011 and subsequently to
15,000 mw by 2015.
PNGRB invites EoI bids for gas pipelines
Petroleum and Natural Gas Regulatory Board (PNGRB) has
invited Expression of Interests (EoIs) for a pipeline from Chen-
Energy Insights Weekly