Weekly Insight learns that the order book of the state-run power equipment major Bharat Heavy Electricals (BHEL) stood at Rs 1.14 lakh crore as at end December 2012, less than its order book of Rs 1.17 lakh crore at the end of 2008-09. The net profit of the firm declined 17.5 per cent to Rs 1,182 crore for the three months ended December 31, on the back of decline in
Category: Power & New and Renewable Energy
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JSPL plans to raise holding in Gujarat NRE’s Aussie unit
Jindal Steel and Power (JSPL), which holds 19.48 per cent stake in Gujarat NRE Coking Coal, the Australian unit of Gujarat NRE Coke, plans to raise its holding in order to comply with the regulation of the Australian stock exchange. According to the regulation, the company has to go to the public to raise its stake to over 20 per cent. Rec
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Coal is the major concern for thermal power projects
The implementation of reforms at the state power utility (SPU) level as well as of those initiated to mitigate fuel shortages remains key to power sector turnaround, says KVB Reddy, Executive Director, Essar Power, in an interview with Sumantra Das.
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A powerful need
A strong domestic coal production and delivery system is important to achieve energy sufficiency and long-term energy security. Also, an independent coal regulator is required to create confidence of private investors, writes A Shivkamal.India is the seventh largest country in the world with a total land area of over 3,287,260 sq km and with a growing population of 1.22 billion that has put severe strain on the Indian infrastructure.
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Focus on skilled manpower | Budget 2013-14
Skill enhancement: Availability of skilled manpower and semi-skilled manpower is becoming a bottleneck in execution of projects.Thus enhancing skills for construction sector would help the GDP growth as well. While this problem is being addressed and does not have an immediate solution, semi-skilled manpower development programmes may be included in schemes like NREGA which should encourage skill-enhancement so that over a period they would be employable by the industry.
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Swift approvals for power projects | Budget 2013-14
The country is presently in need of an energy security policy, conveying use of portfolios, basket of fuels; followed by guidelines on how regulators must ensure that at each state level, tariffs are built using bulk sourcing of power, based on prudent mix of portfolio of fuel - comprising of both imported and domestic. In addition, a long-term view needs to be taken to ensure energy security through the development of appropriate alternatives to conventional fuels.
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Facilitate training for technical manpower | Budget 2013-14
Recognise construction industry as a labour intensive industry: There has been a low rate of employment growth in the manufacturing sector. Construction is a labour intensive sector having an employment elasticity of 0.88, higher than agriculture. Presently, employs 30 million people and is expected to generate another 70 million jobs by 2016.
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Promote renewable power | Budget 2013-14
Reliable Power: We believe that providing reliable power should be the first priority, thereby restoring the balance between demand and supply. With this having been accomplished, policy makers can then address the affordability criterion as the next step.Consequently, it is critical that the over 30 GW of capacity (that is ready for commissioning and is awaiting fuel supply), is supplied with fuel immediately. This applies for both coal and gas-based plants.
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Extend service tax exemption | Budget 2013-14
Within the Power sector the Transmission & Distribution (T&D) sector merits equal if not more attention. The more serious problem is one of under-investment in the T&D sector. For the last 50 years, India has been able to investment barely half of the desired level of investment in the T&D sector. Transmission lines in India are loaded up to 90 per cent in India against the world standard of 60-65 per cent.
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A strategic leader
Ravichandran Purushothaman appointed as the President of Danfoss India Danfoss Industries, a mechanical and electronic compoĂÂnents and solutions provider has announced the appointment of Ravichandran Purushothaman as its President. Ravichandran is currently a key member of the Power Electronics global manaĂÂgement team and Senior Director for Power Electronics Asia Pacific Region.