lleeedd13/02/2018

Following allegations of violation of norms regarding installation of Light Emitting Diode (LED) street lights in different wards of the city, the Energy Efficient Services Limited (ESSL), the firm entrusted with the task, announced on Monday that it has replaced more than 18,000 conventional bulbs with energy efficient LEDs in different wards of the city over the past one month.

According to ESSL officials, under the Street Light National Program, 30,509 conventional street lights in Agra will be replaced with LEDs within the current financial year. This will help Agra Municipal Corporation (AMC) to save over 3,955 kilowatt per hour (kWh) deemed units’ demand annually.

ESSL project head for Uttar Pradesh Tarun Tayal said “The project completion will help AMC save around 65% energy annually, reducing its energy bill by Rs 8 crore per year.”

Speaking on allegations of violation of norms, he said “We have received objections from AMC on different aspects of the project work done so far. In this regard, a committee comprising of councilors, is conducting an investigation. On our part, we will cooperate in the probe and address the issues raised by committee in best possible manner. The project is in implementation stage and if there are problems, they will be sorted out in a time-bound manner. We have requested mayor Naveen Jain for an appointment so that we can take his feedback and discuss about the project. Installation of LED lights is just one part of the projects and will be completed by March 7, the targeted date.”

hy13/02/2018

State-run hydro power giant NHPC today posted 220 per cent jump in its net profit at Rs 687.93 crore in the quarter ended December 2017, mainly on account of higher revenue.

The company's standalone net profit was Rs 214.69 crore in the quarter ended December 31, 2016, the NHPC Ltd said in a BSE filing today.

The company has received total revenue of Rs 2,066.76 crore in the quarter as compared to Rs 1,483.57 crore a year ago.

Besides, approving the financial results, the board of the company at its meeting held today also declared interim dividend at the rate of 11.20 per cent (Rs 1.12 per share) on the face value of paid-up equity shares of Rs 10 each for 2017-18.

The interim dividend shall be paid/dispatched within the period as stipulated in Companies Act, 2013, it added.

During April-December, the company's standalone net profit was Rs 2,569.23 crore as compared to Rs 2,627.17 crore. Its total income in the nine-month period was Rs 6,990.60 crore as compared to Rs 7,124.85 crore.

The company had reported a net profit of Rs 2,795.59 crore in the fiscal ended March 31, 2017.

13/02/2018

Following allegations of violation of norms regarding installation of Light Emitting Diode (LED) street lights in different wards of the city, the Energy Efficient Services Limited (ESSL), the firm entrusted with the task, announced on Monday that it has replaced more than 18,000 conventional bulbs with energy efficient LEDs in different wards of the city over the past one month.

According to ESSL officials, under the Street Light National Program, 30,509 conventional street lights in Agra will be replaced with LEDs within the current financial year. This will help Agra Municipal Corporation (AMC) to save over 3,955 kilowatt per hour (kWh) deemed units’ demand annually.

ESSL project head for Uttar Pradesh Tarun Tayal said “The project completion will help AMC save around 65% energy annually, reducing its energy bill by Rs 8 crore per year.”

Speaking on allegations of violation of norms, he said “We have received objections from AMC on different aspects of the project work done so far. In this regard, a committee comprising of councilors, is conducting an investigation. On our part, we will cooperate in the probe and address the issues raised by committee in best possible manner. The project is in implementation stage and if there are problems, they will be sorted out in a time-bound manner. We have requested mayor Naveen Jain for an appointment so that we can take his feedback and discuss about the project. Installation of LED lights is just one part of the projects and will be completed by March 7, the targeted date.”

13/02/2018

State-run hydro power giant NHPC today posted 220 per cent jump in its net profit at Rs 687.93 crore in the quarter ended December 2017, mainly on account of higher revenue.

The company's standalone net profit was Rs 214.69 crore in the quarter ended December 31, 2016, the NHPC Ltd said in a BSE filing today.

The company has received total revenue of Rs 2,066.76 crore in the quarter as compared to Rs 1,483.57 crore a year ago.

Besides, approving the financial results, the board of the company at its meeting held today also declared interim dividend at the rate of 11.20 per cent (Rs 1.12 per share) on the face value of paid-up equity shares of Rs 10 each for 2017-18.

The interim dividend shall be paid/dispatched within the period as stipulated in Companies Act, 2013, it added.

During April-December, the company's standalone net profit was Rs 2,569.23 crore as compared to Rs 2,627.17 crore. Its total income in the nine-month period was Rs 6,990.60 crore as compared to Rs 7,124.85 crore.

The company had reported a net profit of Rs 2,795.59 crore in the fiscal ended March 31, 2017.

images 6712/02/2018

Wind turbine manufacturer Suzlon slipped back into the red, with a net loss of Rs 326.8 million reported for the December 2017 ended quarter due to weak operational performance.

For the October-December 2017 period, the company reported a net loss of Rs 326.8 million on a consolidated basis, against a net profit of Rs 2.82 billion seen for the same quarter a year back.

Total revenue for the company fell 34 per cent to Rs 22.03 billion compared to Rs 33.15 billion a year ago.

Total expenses for the same period were lower at Rs 22.80 billion, compared to Rs 30.37 billion in the same period a year back.

The total order backlog for the company stands at 1,132 megawatt, while consolidated net term debt, excluding foreign currency convertible bonds (FCCB), was at Rs 66.10 billion and working capital debt was at Rs 38.81 billion.

led-lights-312/02/2018

Over two years after it started the ‘Hosa Belaku’ scheme to distribute LED lights, the Karnataka government is now planning to rope in more partners to distribute the energy efficient lights. At present, the Energy Efficiency Services Limited (EESL), an entity under the Union government, is distributing the lights.

The bulbs are said to be helping save 90% more power compared to incandescent bulbs, and 50% more than CFL bulbs. In Karnataka, over 1.89 crore LED bulbs have been sold, adding up to savings of 24,59,613 MWh power and ₹984 crore per year, according to the National Ujala Dashboard. Bengaluru Urban is clearly the success story on the dashboard, with over 66 lakh bulbs having been sold, while over 20 lakh bulbs have been sold in Mysuru.

P. Rajendra Cholan, Managing Director, Bangalore Electricity Supply Company (Bescom) said the intention behind setting up more partners was to reach to non-urban areas as well. “The EESL is selling the bulbs now and we are happy that the target that has been achieved. But we want to expand and are looking for other agencies to partner with us on the EESL model and terms and conditions,” he said.

Mr. Cholan added that Bescom areas alone have a population of around 2 crore, expanding the potential of the LED bulb numbers to around 7 crore (assuming each house needs around five bulbs).

On the other hand, EESL too has its share of collaborations to extend its reach. Saurabh Kumar, Managing Director, EESL, said they had partnered with district-level distribution agencies, post offices, e-seva kendras, common service centres (such as Bangalore One) and oil marketing companies to ensure that more areas and regions are covered. “We are happy with the numbers so far. We are now looking at penetrating rural and semi-urban areas as well,” he said.

images 8912/02/2018

Union Minister of State for Power and New and Renewable Energy Raj Kumar Singh on Sunday announced that the 765 kV transmission line would be commissioned soon in Vijayawada.

Addressing newsmen here, Mr. Raj Kumar said that wind power projects would be launched along the Andhra Pradesh coast during the second phase as suggested by a survey that had mapped the potential zones across the country.

In the first phase, wind power generation projects had been launched along the Gujarat and Tamil Nadu coasts. “In 2015, there was no electricity in 18,450 villages across the country. Of them, 16,800 villages have been provided power till date. To achieve ‘power for all’ in Arunachal Pradesh, 1,000 villages will be provided electricity by March 2019,” said Mr. Raj Kumar.

Efforts were under way to ensure 24 X 7 power supply to every household by April 2019, the Union Minister said.

The proposal to introduce pre-paid recharge facility to gain access to electricity was under consideration, he said. “The pre-paid facility will soon be offered by phasing out the monthly billing system,” Mr. Raj Kumar added.

He said that “We have the capacity to generate excess power (including solar and wind). India is a major power exporter to Bangladesh and Nepal. Talks are under way to export power to Mayanmar and Sri Lanka”.

State BJP president and Visakhapatnam MP K. Haribabu were present.

download 912/02/2018

After successfully completing bidding to source 500MW solar power last year, Gujarat Urja Vikas Nigam Limited (GUVNL) has floated another tender to procure 500MW from grid-connected solar photovoltaic power projects through competitive bidding. There is also a greenshoe option for the purchase of an additional 500MW.

GUVNL invited bids for solar power to fulfil its renewable power purchase obligations (RPPO) and to meet future requirements of distribution companies (discoms). "An additional 500 MW capacity through greenshoe option may be offered to participating bidders, who are willing to execute PPAs (power purchase agreements) with GUVNL at the lowest tariff (L1 rate)," the state-run utility said in its tender document.

The minimum project capacity has been set at 25MW. The last date for submission of bids is March 19, 2018, while technical and financial bids will be opened on March 20 and March 26, respectively. The date for the reverse e-auction will be intimated to eligible bidders after the bids are evaluated.

GUVNL will enter PPAs with the successful bidders for a period of 25 years from the scheduled commercial operation date of the project. At present, the state's total installed power generation capacity is 1,420 MW.

Last June, GUVNL invited separate bids for 500MW each from solar and wind power developers. For solar power supply, four companies won bids in September. They are Azure Power, the Tamil Nadu-based GRT Jewellers, Gujarat State Electricity Corporation Limited (GSECL) and Gujarat Industries Power Company Ltd (GIPCL).

Six companies were selected by GUVNL in December to supply it 500MW of wind power. These companies are Sprng Energy Private Limited, KP Energy Limited, Verdant Renewables Private Limited, Betam Wind Energy Private Limited, Powerica Ltd and ReNew Power Ventures Private Ltd.

12/02/2018

Wind turbine manufacturer Suzlon slipped back into the red, with a net loss of Rs 326.8 million reported for the December 2017 ended quarter due to weak operational performance.

For the October-December 2017 period, the company reported a net loss of Rs 326.8 million on a consolidated basis, against a net profit of Rs 2.82 billion seen for the same quarter a year back.

Total revenue for the company fell 34 per cent to Rs 22.03 billion compared to Rs 33.15 billion a year ago.

Total expenses for the same period were lower at Rs 22.80 billion, compared to Rs 30.37 billion in the same period a year back.

The total order backlog for the company stands at 1,132 megawatt, while consolidated net term debt, excluding foreign currency convertible bonds (FCCB), was at Rs 66.10 billion and working capital debt was at Rs 38.81 billion.

12/02/2018

Over two years after it started the ‘Hosa Belaku’ scheme to distribute LED lights, the Karnataka government is now planning to rope in more partners to distribute the energy efficient lights. At present, the Energy Efficiency Services Limited (EESL), an entity under the Union government, is distributing the lights.

The bulbs are said to be helping save 90% more power compared to incandescent bulbs, and 50% more than CFL bulbs. In Karnataka, over 1.89 crore LED bulbs have been sold, adding up to savings of 24,59,613 MWh power and ₹984 crore per year, according to the National Ujala Dashboard. Bengaluru Urban is clearly the success story on the dashboard, with over 66 lakh bulbs having been sold, while over 20 lakh bulbs have been sold in Mysuru.

P. Rajendra Cholan, Managing Director, Bangalore Electricity Supply Company (Bescom) said the intention behind setting up more partners was to reach to non-urban areas as well. “The EESL is selling the bulbs now and we are happy that the target that has been achieved. But we want to expand and are looking for other agencies to partner with us on the EESL model and terms and conditions,” he said.

Mr. Cholan added that Bescom areas alone have a population of around 2 crore, expanding the potential of the LED bulb numbers to around 7 crore (assuming each house needs around five bulbs).

On the other hand, EESL too has its share of collaborations to extend its reach. Saurabh Kumar, Managing Director, EESL, said they had partnered with district-level distribution agencies, post offices, e-seva kendras, common service centres (such as Bangalore One) and oil marketing companies to ensure that more areas and regions are covered. “We are happy with the numbers so far. We are now looking at penetrating rural and semi-urban areas as well,” he said.

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