Tuesday, August 9, 2011

NTPC plans Rs 1-lakh crore hydropower project in Arunachal

State-owned power producer National Thermal Power Corporation (NTPC) says it will invest about Rs 1 lakh crore to set up India’s largest hydropower project in Arunachal Pradesh. The Siang Upper Project will have a generation capacity of 9,500 MW, enough to light up two cities like Delhi.
“We are in talks with the Arunachal Pradesh government for setting up the project,” NTPC’s chairman and managing director Arup Roy Choudhury said. “The state has raised a few issues, which we are trying to address.” The company is preparing a detailed report for the project, he said.
The Siang valley on the Brahmaputra river has 17,000 Mw of hydel power potential, according to some estimates. The 1,500-Mw Nathpa Jhakri project is the largest operational hydropower project in India.   

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IFC invests in US US $15 million in Shalivahana Green Energy

IFC will be investing US US $15 million equity financing to Shalivahana Green Energy Limited, a biomass power company. The investment will meet company’s expansion of about 200 Mw of its existing biomass power projects in Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, and Tamil Nadu.
Through its Post-2012 Carbon Facility, IFC will also commit to purchase up to 1.5 million Certified Emission Reductions or CERs from energy projects developed by Shalivahana during 2013 to 2020. IFC will pay for a pre-agreed percentage of the spot price of the CERs at the time of delivery, subject to a minimum price.
“IFC’s support will help us raise funds, adds credibility to our work, and raise the generation capacity of our portfolio over the next four years.  The Post-2012 Carbon Facility will help us generate sustainable revenues in the long run despite the uncertainties in the global carbon market,” said M Komaraiah, CMD of Shalivahana Green Energy Limited.
The company plans to undertake small to medium-sized projects in the biomass, hydro, and wind-energy sectors. Eighty-percent of power generation in India comes from state-owned providers, with most private players focused on large thermal and hydro-power projects.
“Improving access to regular and clean power supply is a key strategic priority for IFC in India. Our Post-2012 Carbon Facility provides the Shalivahana Group with a high-quality revenue stream from CERs up to 2020 to strengthen the viability of their projects,” said Thomas Davenport, IFC Director for South Asia.
After the Indian government made adoption of renewable purchase obligations mandatory, state distribution utilities, open-access consumers, and captive power plants are required to buy a certain portion of their power purchases from renewable-energy sources.

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Thursday, August 4, 2011

NHPC to invest Rs 15,000 crore in Myanmar

State-run hydro power generation company NHPC would invest around Rs 15,000 crore for developing two projects in the neighbouring country Myanmar. “NHPC is preparing detailed project report (DPR) for 1,200 Mw Htamanthi and 660 Mw Shwezaye Hydro Power Projects on Chindwin River in Myanmar,” the company said in a statement.
The cost incurred for producing one megawatt of hydro power is about Rs 8 crore. Currently, NHPC has 14 operational power stations with a total installed capacity of 5,295 Mw. NHPC has commissioned the 14.1 Mw Devighat Project in Nepal and 60 Mw Kurichu Project in Bhutan on turnkey basis.
The company is providing its technical expertise in the area of hydro power development in countries like Myanmar, Bhutan and Tajikistan. It is expanding its international operations and is harnessing the hydropower potential available abroad. The company is also preparing DPRs for the 670 Mw Chamkarchhu-I and 1,800 MW Kuri-Gongri HE projects in Bhutan.
NHPC has resigned signed a Memorandum of Understanding (MOU) with Orissa Hydro Power (OHPC) and Government of Orissa for formation of a Joint Venture Company (JVC) with OHPC to develop three Hydro-electric Projects with a total capacity of 320 Mw in the state. 

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