Manoj Kumar Upadhyay, Founder, Chairman and Managing Director of ACME Group is responsible for strategic growth and expansion of the company in India and abroad. He has over 18 years of experience in the power and telecom sectors.
Category: Power & New and Renewable Energy
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Coal India power plant
Coal India Ltd plans to set up a 1.6 GW power plant by 2015/16 near one of its mines from which coal cannot be shipped and sold due to a lack of rail connections. Insufficient connectivity is one of the reasons the company has lagged output targets for more than six straight years, leading to shortages at power producers and crippling outages.
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Alstom wins BHEL contract
Alstom has won a contract worth Rs 85 million from BHEL to supply two 800 MW supercritical boilers for Darlipalli Super Thermal Power Project (STPP) in Sundergarh, Odisha.Under the scope of the contract, Alstom will design the 800 MW supercritical boilers and supply identified pressure parts along with wind boxes, pulverisers and air preheater components. The company would also assist BHEL with technical advisors during the erection and commissioning of the units.
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Fresh bids for Gulbarga power project
The Power Company of Karnataka Limited (PCKL), a wholly-owned company of Government of Karnataka, will soon float fresh request for qualification (RFQ) for the proposed 1,320 MW Gulbarga coal-based super critical thermal power project. The project has been proposed under the Case-2 bidding framework as per the competitive bidding guidelines.
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NTPC to construct power plant in MP
NTPC will construct a 2,640 MW power plant in Barethi in Chattarpur district of Madhya Pradesh (MP) at a cost of about Rs 18,000 crore. The project will comprise four unit of 660 MW each. According to Jyotiraditya Scindia, Union Power Minister, the Barethi power project is an important milestone for the state as well as the entire country. The power project will help to make Bundelkhand one of the most prosperous regions of the state.
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Two more thermal power plants in Karnataka
Karnataka is planning to set up two new thermal power plants to address the increasing demand for power in the coming years. The state minister for energy DK Shivakumar said the government was trying to identify land to set up the proposed power plants.
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Power Grid to invest Rs.1,900 crore
Power Grid Corporation´s board has approved investment of over Rs 1,900 crore for expansion and upgradation works by the middle of 2016. The board in its meeting approved Rs 908.08 crore and Rs 539.82 crore for two transmission system strengthening schemes in the northern region, Power Grid said in a statement. The expansion and upgradation of load despatch centres for Rs 56.18 crore was also approved by the board.
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IPPs invest Rs.29,308 crore in Odisha projects
Independent power producers (IPPs) have invested Rs 29,308 crore on their proposed coal-based projects in Odisha. The promoters who have spent substantially on their projects are Sterlite Energy Ltd (Rs 8038 crore), GMR Kamalanga Energy Ltd (Rs 5,848.62 crore), Lanco Babandh Power Ltd (Rs 4214 crore), Monnet Power Company (Rs 3200 crore) and Jindal India Thermal Power Ltd (Rs 2,893 crore) and Ind Barath Energy (Utkal) Ltd (Rs 2150 crore). The state government has signed memorandum of understandi
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Revised tariff norms to have negatively impact
The revised tariff norms by the Central Electricity Regulatory Commission (CERC) will have a negative impact on the margins of state-owned utilities such as NTPC, Power Grid and NHPC according to Standard and Poor´s Ratings Services (S and P). CERC, in its final guidelines for tariff fixation, has shifted the incentive structure to plant load factor (PLF) from plant availability factor (PAF) for the period FY14-FY19.
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US trade mission plans $250 mn investments in India
The members of a recent delegation of US investors announced their readiness to invest $250 million worth of investments in India within the next 6-12 months. The 12-member trade mission, which visited Delhi and Mumbai last month, consisted of large US investors in sectors like logistics infrastructure, roads, power and energy, engineering, smart cities, manufacturing, and private equity.