Wed, Sep

Sungrow, the global leading inverter solution supplier for renewables, participates in the Renewable Energy India Expo 2018 in Greater Noida for 3 days, with world-leading PV solutions for commercial rooftop and utility-scale PV plants, in a bid to build a comprehensive PV world together with partners and with the mission of “ Clean Power for All ”.

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Prime Minister Shri Narendra Modi Dedicates Dulanga Coal Mine of NTPC to the Nation

22nd Sep, 2018

Dulanga Coal Mine, the maiden Coal Mine of NTPC in the State of Odisha was dedicated to the Nation by Prime Minister Shri Narendra Modi on 22nd September, 2018 in Jharsuguda, Odisha. Situated in district Sundergarh, Odisha, the Coal Mine has been allotted by Government of India to meet the fuel requirement of NTPC’s 2x800MW Darlipali Super Thermal Power Plant. Dulanga Mine has block area of 6.54 Sq. Km., Geological Reserves of 196MMT and Mineable Reserves of 152MMT and ultimate production capacity of 7MMTPA.

The event was held in the presence of Prof. Ganeshi Lal, Governor, Odisha; Shri Naveen Patnaik, Chief Minister, Odisha; Shri Suresh Prabhu, Union Minister of Commerce & Industry and Civil Aviation; Shri Dharmendra Pradhan, Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship; Shri Jual Oram, Union Minister of Tribal Affairs and other dignitaries from Odisha. Shri Gurdeep Singh,CMD, NTPC, Shri P.K. Mahapatra- Director (Technical), NTPC, Shri M.P. Sinha- RED, ER-II were also present on the occasion.

In Odisha, NTPC has currently 3000MW Talcher Super Thermal and 460MW Talcher Thermal operating power stations in District Angul of Odisha. Further, 1600 MW Darlipali STPP is under construction and 1320 MW (2x660MW) Talcher Thermal Power Project Stage-III is also in pipeline.

NTPC is India’s largest power company, with a vision “To be the World’s leading Power Company, Energizing India’s Growth.” NTPC is amongst the largest electricity generator globally with an installed capacity of more than 53GW. Company is progressing towards realizing India's dream for 24X7 affordable Power for all by steadily adding to its renewable portfolio.

NTPC has presence in five segments of power generation i.e. coal based, gas based, hydro, solar , wind and is pursuing developing Electric Vehicles Infrastructure as a new initiative.

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MoU between Govt. of Bihar and NTPC Limited of Bihar

15th May, 2018

A Memorandum of Understanding (MoU) was entered amongst Govt. of Bihar (GoB), Bihar State Power Holding Co. Ltd. (BSPHCL), Bihar State Power Generation Co. Ltd (BSPGCL), North Bihar Power Distribution Company Ltd.(NBPDCL), South Bihar Power Distribution Company Ltd.(SBPDCL), Bihar State Power Transmission Company Limited (BSPTCL) and NTPC Limited on 15th May 2018 at Patna for Performance improvement of Power Sector in the State of Bihar. The MoU was entered in the august presence of Shri Nitish Kumar, Chief Minister of Bihar, Shri R. K. Singh, Minister of State (Independent Charge) for Power and New & Renewable Energy, Govt. of India and Shri Bijendra Prasad Yadav, Energy Minister, Govt. of Bihar, Shri Pratyaya Amrit, Principal Secretary, Department of Energy, Govt. of Bihar, Shri Gurdeep Singh, CMD, NTPC Limited, Shri Anand Kumar Gupta, Director (Commercial), NTPC, Shri R. Lakshmanan, Managing Director, BSPGCL and other dignitaries.

The MoU envisages transfer of Barauni Thermal Power Station (720 MW) and transfer of Bihar State Power Generation Company’s (BSPGCL) equity in Kanti Bijlee Utpadan Nigam Limited (KBUN) & Nabinagar Power Generating Company (Pvt.) Limited (NPGC) to NTPC.

NTPC, a Maharatna Company under Ministry of Power, Govt. of India is the largest power generating company of India with a total installed capacity of 53651 MW (including JVs) from coal, gas, hydro, solar and wind power projects. NTPC is on an accelerated growth trajectory to meet this long-term targets and currently has 21,071 MW capacity under construction. Company has two operational coal mines. NTPC in the past has demonstrated strong capability in turning around under-performing state owned power stations.

Barauni Thermal Power Station (720 MW) which is located at Begusarai district in Bihar. The Plant comprise of Stage-I (2x110 MW) (under advance stages of R&M) and Stage-II (2x250 MW) (under construction).

NTPC with its expertise in construction of power projects and contract management capabilities is expected to complete the balance works and achieve sustained commercial operation of units in a time bound manner.

Nabinagar Power Generating Company (Pvt) Limited is a 50:50 Joint Venture Company of NTPC Limited and Bihar State Power Generation Company Limited (BSPGCL). The Company is developing a 1980 MW (3x660 MW) Nabinagar Super Thermal Power Project in district Aurangabad, Bihar. The project is currently under-construction.

Kanti Bijli Utpadan Nigam Limited (KBUNL) is a subsidiary company of NTPC Limited in Joint Venture with Bihar State Power Generation Company Limited (BSPGCL). Currently NTPC and BSPGCL owns 72.64%and 27.36% equity holding in KBUNL respectively. KBUNL owns and operates Muzaffarpur Thermal Power Station (MTPS) (2x110 MW+ 2x195 MW) situated at Kanti, District Muzaffarpur in the State of Bihar. Plant is under operation.

All the three power generation facilities are envisaged to be transferred to NTPC from the effective date to be notified by Govt. of Bihar through a Statutory Transfer Scheme. The transfer of these power stations to NTPC will result in their optimal & efficient utilization, bring the tariff down and benefit the people of Bihar at large.

Power from all the three power station shall be available to State of Bihar as before after approval by Ministry of Power, Govt. of India.

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  • PriyabrataPriyabrata Das (Retail Business Leader, India), Divya Arya (Marketing Leader, Asia) and Sahil Khanna (Partnerships Business Leader, Asia) with contest winners at the meet and greet event with the Batti Gul Meter Chalu star cast
Greenlight Planet, a global leader in solar home energy products (Sun King™) launched their brand association with Batti Gul Meter Chalu starring Shahid Kapoor, Shraddha Kapoor, Divyendu Sharma and Yami Gautam produced by Bhushan Kumar, Krishan Kumar, Nitin Chandrachud and Nishant Pitti that was released on 21st September 2018. The film narrates the story of electricity issues in rural India and this association showcases how Greenlight Planet’s Sun King™ range of solar products offer a clean, reliable alternative to these issues.

As a part of this association, Greenlight Planet is running a 360-degree marketing campaign ‘Batti Gul Sun King Chalu’ to promote its association across all platforms including print, electronic, social media as well as branding, on ground activations and PR activities. Greenlight Planet customers & partners were invited to share their ‘Batti Gul Crazy Moments’ using #BattiGulSunKingChalu and the contest winners won a chance to meet the star cast of the film.

Talking about the association, Divya Arya, Marketing Leader, Asia, Greenlight Planet expresses, “Over 1.3 billion people around the world live without access to energy. In India alone, 31 million families still live in the dark. Our low-cost Sun King™ solar devices including solar lanterns, home systems and televisions provide an affordable, high-quality solution to rural households, so they can live safer, brighter and more productive lives. We are always exploring new, innovative methods to connect with our customers and educate them about the multiple long-term benefits of choosing high-quality solar products over cheap but inferior alternatives available in the market. Through our marketing campaign with BGMC, we hope to engage our customers, increase brand awareness and educate them about how sustainable products are better, cheaper and more efficient in the long run.”

The campaign has kick-started with the launch of the TVC, print campaign and social media campaign with Shahid Kapoor & Shraddha Kapoor talking about the Batti Gul Sun King Chalu contest. The co-branded promo captures the frustration of power cuts and introduces how Sun King products help solve the problem.

Batti Gul Meter Chalu narrates the story of Shahid Kapoor's character who plays a lawyer in the film and fights with the local electricity board against escalated electricity bills. The film tells the story of electricity issues in rural India.

Mr. Vinod Bhanushali, President-Marketing, Media, Publishing (TV) & Music Acquisitions, T-Series commented, “Batti Gul Meter Chalu produced by T-Series is based on a socially relevant issue that a lot of Indians face even in today’s times and the film has tried to put across the issue with humor. We have always tried to back socially relevant and content-driven cinema like Hindi Medium. This association with Greenlight Planet felt like a natural fit as the movie discusses the lack of reliable electricity in several parts of India and Sun King's products offer a clean, affordable solution to this very relatable problem. Also, this gives us yet another opportunity to offer our viewers a solution to their electricity woes. We are glad to be a part of an association that is helping build a brighter future for rural India."

To view the TVC:

About Greenlight Planet

Greenlight Planet has sold over 9 million Sun King™ solar home energy products to off-grid households around the world. Greenlight Planet reaches remote, off-grid customers through a unique business model involving a vast network of micro entrepreneurs, more than 300 global strategic distribution partners, and its proprietary EasyBuy (“pay-as-you-go”) instalment payment technology that makes safe, high-quality solar energy products affordable for all. Winners of 2016 Ashden Awards, Greenlight Planet is currently present in 40+ countries and serves over 33 million consumers.

Find out more at https://www.greenlightplanet.com

Read more: Greenlight Planet, First off-Grid Solar Company...

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  • L-R:L-R: Charles Eberly, INVEST Energy Consultant; Deepak Mathur, Jaguar Overseas; Abdul Ehsan Mohmand, Afghanistan Consultancy Companies Association (ACCA); Burak Unsal, 77 Construction
Jaguar Overseas, a New Delhi-headquartered, ISO-certified Global Project Engineering-Procurement-Construction Company, stressed on the immense potential of Afghanistan’s energy sector and sought support from the country’s local bodies so as to ensure that the company is able to contribute effectively to the economic development of the region at the recently concluded second annual event, ‘Passage to Prosperity: India-Afghanistan International Trade and Investment Show’.
The event, held at the JW Marriott Mumbai Sahar hotel between September 12-15, 2018, was hosted by government officials from India and Afghanistan in association with United States Agency for International Development (USAID), the leading U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realize their potential.
The event mainly aimed to advance trade integration by establishing economic and trade ties between Afghanistan and the international markets through business-to-business matching and consumer sales.
Committed to strengthening the India-Afghanistan relationship, Deepak Mathur, Chief Executive Officer, Jaguar Overseas Limited (JOL) engaged in a high-value panel discussion titled ‘Power-up Afghanistan – Lessons learnt in Afghan Energy sector’. During the discussion, he spoke eloquently on the importance of strengthening Afghanistan’s power sector. He also highlighted on the strategic importance of Afghanistan region for neighbouring countries including India apart from listing out key requirements such as the need to institutionalize flexible policies, government support and involve local partners to ensure all projects get completed seamlessly and JOL is able to contribute effectively to the overall process of rebuilding Afghanistan.
JOL has been closely associated with the development of Afghanistan’s energy sector for the last 10 years. The company was closely associated with the complete power evacuation process done via India Afghan friendships dam projects.
The recent Kandahar Solar Power project undertaken by JOL is in a very advanced stage. Recognizing the urgency to provide a solution to the problem of power shortage in Afghanistan, Jaguar Overseas played an integral role in the construction of a 10MW Afghanistan solar power project in Kandahar and resolved to strengthen Afghanistan’s power sector by developing country’s first tariff based solar power plant. The project is being executed with the support of USAID. The objective of the project is to ensure that Afghanistan becomes self-sufficient where their energy and power sector is concerned. JOL is getting continuous encouraging support from the government of Afghanistan DABS and local authorities.
During the panel discussion, Mr. Deepak Mathur, Chief Executive officer of Jaguar Overseas said, “Over the last 10 years, we have been closely associated with the development of the energy sector in Afghanistan and have been a part of India-Afghan Friendship Dam project (AIFD). Afghanistan is a land of opportunities. It is not only a strategically important location, it also houses a huge market with untapped potential particularly in the energy sector. It has about 344 GW potential where 222 GW is solar and 67 GW is wind power. The country has enough hydropower also available to it, to be able to develop it further for safe use. To harness this power, the kind of support and flexibility that the government of Afghanistan has shown, has been tremendous and we strongly encourage investors to focus attention here.”
Exhibitors at the event reported that the quality of investments and sales this year was outstanding. This reinforces that ‘Passage to Prosperity’ is the only trade and investment event that connects an international community of buyers, sellers, and investors to ‘do business first’ with Afghan businesses before they are discovered on the world stage. Now into its second year, the show continues to grow and expand with approximately 200 businesses and industry leaders, including women entrepreneurs from Afghanistan, showcasing their top-quality products, services, and business opportunities in luxury goods, agriculture, energy, health and education, mining and heavy industry, among other sectors. Some of the significant highlights from the 2018 ‘Passage to Prosperity’ event include partnership announcements by Dr. Mohammad Humayon Qayoumi, Acting Minister of Finance, Islamic Republic of Afghanistan; and the brand launch for an entertainment show called ‘Afghan Treasures’ that showcased the best of Afghanistan’s Silk Road heritage.

About Jaguar Overseas

With the proven expertise of extending World-Class services since 1991, Jaguar Overseas specializes in executing turnkey EPC projects in diverse fields like Power, Agriculture, Industrial Plant, Infrastructure, and Renewable Energy. Headquartered in New Delhi, India, JOL has offices in Asia, South East Asia and Africa. Prominent locations include Nepal, Mozambique, Central African Republic, Benin, Guinea, Mauritania, Zambia and Zimbabwe. Over the years, JOL, which kept a value system enabling a perfect blend of 3T’s - Truthfulness, Transparency and Trust – in its work culture, is known for its commitment towards clients & projects, technical know-how and on-time delivery and being cost effective. JOL has recently bagged the ‘EPC of the Year’ award by Ibrands 360. Jaguar Overseas is also nominated under the prestigious category ofEmerging Global EPC Company of the Year’ to be felicitated at EPC World Awards 2017 event, scheduled to be organized this month.

Read more: Jaguar Overseas Takes a Resolve to Support...

14th Analysts & Investors Meet of NTPC

02nd Aug, 2018

NTPC Ltd. organized its 14th Analysts & Investors Meet on 1st August, 2018 in Mumbai. The Meet was addressed by Shri Gurdeep Singh, CMD, NTPC, in the presence of Shri Vivek Kumar Dewangan, Joint Secretary & Financial Advisor (Internal Finance & Budgetary Control), Ministry of Power, Shri Saptarshi Roy, Director (HR), Shri A.K. Gupta, Director (Commercial), Shri S.K. Roy, Director (Projects), Shri Prakash Tiwari, Director (Operations) and Shri P.K. Mohapatra, Director (Technical).

The presentation on growth plans of NTPC was made by Shri K. Sreekant, Director (Finance). Over 250 Analysts and Investors attended the Meet.

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  • GG P Tronics team receiving ELCINA EFY Awards 2018 from Shri Ajay Prakash Sawhney, IAS, Secretary, Ministry of Electronics and Information Technology (MeitY), Government of India
G P Tronics, a leading company in the power backup and solar solutions, was honoured with the 1st prize of ELCINA-EFY Awards 2018 for the excellence in innovation related to power electronics with a special focus for solar products.
The Awards, instituted by ELCINA in 1976, were renamed “ELCINA-EFY AWARDS” in 2010, signalling the strategic partnership between ELCINA and EFY Group, a leading publishing house on electronics with the objective to promote the industry and spread awareness about this sector. Since last 43 years, ELCINA has been presenting these Awards to recognise the achievements of electronics/IT Hardware manufacturing (ESDM) companies in India. This year the award ceremony was organized on 14 September 2018 at the Hotel Ashok, New Delhi. The distinguished jury comprising of senior level officials from Ministry of Electronics & IT ( MeitY), Industry experts and eminent industrialists from the ESDM sector nominated the winners for the 2017 Awards after intense deliberations. The Award function was graced by the presence of Shri Ajay Prakash Sawhney, IAS, Secretary, Ministry of Electronics and Information Technology (MeitY), Government of India as the chief guest.
“Solar energy has the potential to transform India’s energy roadmap. Our innovative products speak volumes of the superior technology and investment in R&D. This award by ELCINA and EFY has surely recognized the work of companies like us, and will help us to do much better in the years to come,” said S K Ray Chaudhuri, Managing Director, G P Tronics.
In the process of “HARNESSING INNOVATION”, G P Tronics has bagged many prestigious awards from different business chambers. List of few such awards is given below:
  • 2012 ICC - Environment Excellence Award
  • 2015 FICCI - Platinum First Prize in Small Size Category

About G P Tronics

G P Tronics established in 1978 with a vision to develop new generation power electronic products which will meet the aspect of commercial viability and benefitting mankind like using standby power and solar power.

Read more: G P Tronics Bags ELCINA-EFY Awards 2018 for the...

NTPC Ltd. –Q1 FY 2018-19

28th Jul, 2018

The Country’s largest power generator - NTPC Ltd. having group installed capacity of 53651 MW, declared standalone unaudited financial results for the first quarter of financial year 2018-19.

  • For Q1 FY 2018-19, NTPC Ltd. generated 69.21 Billion Units against 64.41 Billion Units generated in the corresponding previous quarter, registering an increase of 7.45%.
  • The generation during Q1 FY 2018-19, is the highest quarterly generation, surpassing previous highest quarterly generation of 68.56 Billion Units during Q4 FY 2017-18.
  • NTPC Coal stations achieved PLF of 77.98% in Q1 FY 2018-19 as against National Average of 63.38%.

For Q1 FY 2018-19, the Total Income was Rs. 22,839.98 crore, registering an increase of 11.19 % over the corresponding previous period Total Income of Rs. 20,541.93 crore. Profit before Tax for the quarter was Rs.3,011.13 crore and Profit After Tax for the quarter was Rs. 2,588.14 crore.

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NTPC Ltd. – Profit After Tax up by 10.21%

28th May, 2018

The Country’s largest power generator - NTPC Ltd. who along with its group companies, has installed capacity of 53651 MW, declared the audited annual financial results for the year 2017-18 along with the unaudited financial results for fourth quarter of the year 2017-18.

  • For FY 2017-18, NTPC Ltd. generated 265.80 Billion Units against 250.31 Billion Units generated in the previous year, registering an increase of 6.19%. For Q4 FY 2017-18, NTPC generated 68.56 Billion Units against 63.77 Billion Units generated in Q4 FY 2016-17, registering an increase of 7.51%.
  • The generation during Q4 FY 2017-18, is the highest quarterly generation, surpassing previous highest quarterly generation of 67.78 Billion Units during Q3 FY 2017-18.
  • NTPC Coal stations achieved PLF of 77.90% in FY 2017-18 as against National Average of 60.72%.

For FY 2017-18, Audited Total Income is Rs. 85,207.95 crore, registering an increase of 7.39% over the previous year Audited Total Income of Rs. 79,342.30 crore. For Q4 FY 2017-18, Unaudited Total Income is Rs. 23,617.83 crore against Rs. 20,886.85 crore for Q4 FY 2016-17, registering an increase of 13.08%.

Audited Profit After Tax for FY 2017-18 is Rs. 10,343.17 crore as compared to Rs. 9,385.26 crore in the previous year, registering a growth of 10.21%. For Q4 FY 2017-18, unaudited Profit After Tax is Rs. 2,925.59 crore against Rs. 2,079.40 crore in Q4 FY 2016-17.

The Gross Generation of NTPC Group for financial year 2017-18, is 294.27 Billion Units as against 276.77 Billion Units during previous year. On consolidated basis, for the financial year 2017-18, the Audited Total Income is Rs. 89,641.59 crore as against the Audited Total Income of Rs. 83,009.31 crore during previous year. Audited Profit After Tax for FY 2017-18 is Rs. 10,501.50 crore as compared to Rs. 10,713.94 crore declared in FY 2016-17.

The Board of Directors of NTPC Ltd. has recommended final dividend for the financial year 2017-18 @ 23.90­­­­­­% of paid-up share capital i.e. Rs.­­ 2.39 per equity share of the face value of Rs. 10/- each, subject to the approval of shareholders in the Annual General Meeting scheduled to be held in September 2018. The Company had paid Interim Dividend at the rate of ­­­27.30% of paid-up share capital i.e. Rs.­­ 2.73 per equity share in February 2018. Thus, total dividend for the Financial Year 2017-18 will be 51.20% of the paid-up share capital i.e. Rs. 5.12 per equity share. This is the 25th consecutive year of dividend payment.

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NTPC signs Term Loan of ₹1500 crore with HDFC Bank

13th Jul, 2018

NTPC has signed term loan agreement for ₹1500 crore with HDFC Bank Limited on 10th July, 2018. The loan facility is extended at an interest rate linked to 3- months MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The loan agreement was signed by Shri A.K Gautam, General Manager(Finance), NTPC Ltd and Shri Raveesh Bhatia, Regional Head, Corporate Banking, North, HDFC Bank Ltd in the presence of Shri K. Sreekant, Director (Finance), NTPC Ltd.

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