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Nl energy oct 17 - oct 23, 2015

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Gyan Research weekly newsletter on #Energy sector

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Nl energy oct 17 - oct 23, 2015

  1. 1. Industry News  Sany Group, AP ink deal for wind projects Chinese manufacturer of construction equipment, Sany Group, has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh (AP) to invest USD 600 million in power projects in the state. These projects will produce 1,100 million units of renewable energy, annually. The company also plans to manufacture wind turbine components in the state. The deal period is from 2016 to 2020 and comprises the next phase of Sany’s expansion plans in India, wherein it announced investments of USD 3 billion to develop 2,000 MW of renewable energy projects.  GAIL to install drones to guard gas pipelines Natural gas pipeline operator, GAIL (India) Limited, has announced that it will deploy drones to guard its gas pipelines. This initiative is in response to the gas explosion in AP in June 2014, which marred the company’s credibility. The drones, in addition to replacing old pipelines and integrating advanced technologies, will raise the company’s safety standards. GAIL will conduct a pilot in the next three months, where a drone will fly over 200-km of pipeline and use smart technology to collect relevant data. The drones are expected to be more cost effective than the company’s current foot and helicopter patrolling. A group of specialists set up by GAIL will monitor all the pipeline parameters.  IOC sells rare Kandla cargo Indian Oil Corporation (IOC) has sold 18,000-20,000 tonnes of naphtha from the port of Kandla to Thai firm PTT. IOC sold the cargo at a premium of about USD 1 per tonne. Previous tenders for the same cargo got cancelled due to low bids. While the company exports naphtha regularly out of Chennai, Dahej and Haldia ports, this was the first time this year that it traded out of Kandla.  Inkel forays into solar business Inkel Limited has entered into the solar business in a bid to develop advanced solar photo-voltaic (PV) technology for medium and large grid applications in Kerala. By deploying various uses of green energy, it plans to expand operations to high-mast lamps, semi-high-mast lightings and solar streetlights. The company will also provide its customers innovative financial offers, free technical studies and conduct free training to promote greater yield of solar energy. It will also help them with data monitoring facility and extended annual maintenance contracts to keep track of the yield. Inkel is in advanced talks with Vikram Solar and Sunlife Global to form a consortium for the purpose. To start the initiative, it has installed and commissioned rooftop solar panels at the Nettur Technical Training Foundation and a Skill Development Centre on its Greens campus in Malappuram. © Gyan Research and Analytics Pvt. Ltd., 2015 1 Energy News October 17, 2015 – October 23, 2015
  2. 2. © Gyan Research and Analytics Pvt. Ltd., 2015 2  Essar Oil restarts Vadinar refinery Essar Oil has restarted operating its 20 million tonnes per annum (mtpa) refinery in Vadinar, Gujarat on October 17, 2015. The refinery was shut down for 30 days from September 18 to October 17 for maintenance. During this period, all the units were thoroughly inspected and repair and replacements were made, wherever required. Essar’s last shutdown had taken place in September - October, 2011.  Embassy Group to roll out solar plant in Karnataka The Embassy Group plans to start a 200 MW solar power plant in Karnataka by 2017. The project will involve an investment of INR 1, 400 crore, of which 70 percent will be in debt and 30 percent in equity. The power plant will come up in two phases of 100 MW each. Embassy’s subsidiary - Embassy Energy - will execute the project. The real estate developer is diversifying into the renewable energy business and once the plant is commissioned, it will become an independent power producer (IPP).  NTPC incorporates PVUN for Patratu plant NTPC Limited has incorporated a new entity called Patratu Vidyut Utpadan Nigam Limited (PVUN) in a joint venture with Jharkhand Bijli Vitran Nigam Limited to operate the Patratu thermal power plant in Ramgarh district. The subsidiary has an initial authorised paid up capital of INR 10,00,000, with NTPC holding 74 percent and JBVNL holding 26 percent of the equity share. It will acquire, operate, establish, maintain, refurbish, revive, renovate and modernise the existing units’ performance and further expand capacity of the Patratu Thermal Power Station.  PGCIL - the lowest bidder for Vemagiri II project Power Grid Corporation of India Limited (PGCIL) has been declared as the lowest bidder for the INR 6,300 crore Vemagiri II power transmission project in a tariff-based auction. PGCIL bid and quoted INR 359 crore annual tariff per annum for the project. The other bidders were Essel with a bid of INR 459 crore, Sterlite Grid INR 429.05 crore and Adani with INR 585 crore. The facility will expand the transmission system beyond Vemagiri and will pass through AP and Karnataka. It will be called Vemagiri II Transmission Limited. The auction was conducted by REC Transmission Projects.  IOC implements 12 pipeline projects IOC is executing 12 projects with an investment of about INR 12,000 crore, in an effort to expand its pipeline of crude oil and products by 54 percent. Once commissioned, the company’s transportation network will grow to 17,000 km by FY2019 from the existing 11,200 km and its combined fuel carrying capacity would increase to 25 mtpa by FY2020. The projects are intended for large volume transportation, with road transportation fulfilling the last-mile connectivity to depots. Another 8,000 km pipeline projects are in the planning stage, while projects worth another INR 3,000 crore are expected to be approved soon. The new pipeline infrastructure will serve the rising demand for liquefied petroleum gas (LPG) from the rural areas and develop connectivity for two new LPG import terminals being set up by the company in Kerala and Odisha. Energy News October 17, 2015 – October 23, 2015
  3. 3. © Gyan Research and Analytics Pvt. Ltd., 2015 3 Energy News October 17, 2015 – October 23, 2015 Weekly Snapshot Source: CEA Details of Capacity Utilization For Power Generation as on October 30, 2015 (MW) Particulars MonitoredCapacity(MW) (Ason20-Oct-2015) Capacityunderlongoutage (MW) NewCapacityunder stabilization/Completionof balanceworks Capacity (MW) Capacityoutageaspercentof Monitored CapacityonLine(MW) SumofMax. Power generated (MW) Max.Power outputas %of PM FO Others Total Gross Net Capacityon line Monitored Thermal 1,94,319. 60 9,668.80 0.00 5,634.0 0 31,588. 00 4,503.6341,725.6 3 21.47 1,52,595. 00 1,49,543 .12 1,36,777 .90 89.63 70.39 Nuclear 5,780.00 100.00 0.00 1,160.0 0 760.00 0.00 1,920.00 33.22 3,860.00 4,521.004,001.08 103.66 69.22 Hydro 42,355.42 755.90 0.00 1,766.7 0 2,228.6 0 1,448.905,444.20 12.85 36,911.0 0 27,489.0 1 27,214.1 2 73.73 64.25 Total 2,42,455. 02 10,524.70 13,390.00 8,560.7 0 34,576. 60 5,952.5349,089.8 3 20.25 1,93,366. 00 1,81,553 .14 1,67,993 .10 86.88 69.29
  4. 4. © Gyan Research and Analytics Pvt. Ltd., 2015 4 Market Entry Strategies Market/ Marketing Research Pre-Feasibility, Feasibility & TEV Studies Equity Research & Valuation Economic Intelligence Our Business Practices Business Research Central Delivery Centre BD-9, Sector-1, Salt Lake City Kolkata - 700 064, India Phone: +91-33- 40060084 Corporate Office LG 37-38, Ansal Fortune Arcade, Sector - 18, Noida - 201 301 Delhi NCR, India Phone: +91-120- 2511945 E-mail: reports@gyananalytics.com Website: www.gyananalytics.com Branch Office - Mumbai Branch Office - Bangalore Branch Office - Hyderabad Energy News, October 17, 2015 – October 23, 2015

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