News

Canadian Solar will build a 600MW photovoltaic cell production factory in Jiangsu Province, China.

Energy generation for NEEPCO during 2010-11 has been 5,093 MU, as against the target of 5,426 MU, representing an achievement of 93.86%. This is, however, 12% higher than the energy generated last year.

NTPC's thermal power plants are also suffering on account of improper and visibly insufficient coal evacuation facilities. Most affected are its Kahalgaon, Talcher and Farakka thermal power stations.

Power utilities across India imported 2.7 MT of coal, representing a 94% achievement against the prorata target for the month.

BHEL has secured an order worth around Rs 62 crore for setting up solar power project for Karnataka Power at Belakavadi village in Karnataka.

NALCO will set up a 50.4-MW wind power project at a cost of Rs 274 crore in Gandikota, in Kadapa district of Andhra Pradesh.

India has approved the allocation of 4.86 billion rupees or $108 million toward a scheme to guarantee payments for electricity bought from solar power producers.

To sustain its growth momentum, Asia must manage its energy security and innovate toward sustainable, low carbon growth.

Industrial Energy Limited will set up a 200 MW gas-based power plant, as well as a 450 MW bifuel TPP, capable of being run on gas and coal, in the state of Orissa.

China International Water and Electric Corporation will construct a $2.6bn power project in Kashmir, Pakistan.

Shuai Jungin, State Grid Corporation of China executive vice president, warns that China will face its worst-ever power shortage this summer.

Indonesia's PP and South Korea-based Hyundai have secured a n contract for the construction of a hydro power plant in Indonesia.

The Bashundhara Group will set up a a 20 MW mini nuclear power plant in Manikga

China Three Gorges Corporation has written to the Nepal's Prime Minister expressing its interest in investing in the 750 MW West Seti Hydro-Project.

State electricity firm PT PLN has picked the Jpower-Itochu-Adaro consortium’s bid to develop a power plant in Central Java worth about Rp 30 trillion (US$3.48 billion). PLN president director Dahlan Iskan said in Jakarta on Wednesday that the consortium won the bid because it was the only one of the four bidders offering a price lower than that estimated by the bid committee. Marubeni Corporation, China Shenhua Energy Company Ltd and the CNTIC-Guandong Yudean consortium also submitted bids to develop the 2x1,000 megawatt power plant in Pemalang, Central Java, in late April. A press statement from PLN says the project was the first public-private partnership complying with a 2010 presidential regulation on such partnerships. It will be jointly guaranteed by the government and government-sponsored infrastructure financing guarantee agency, PT Penjaminan Infrastruktur Indonesia (PII), the statement says. The Pemalang power plant is expected to commence operations in 2017. The winning consortium includes Japan-based Electric Power Development (J-Power), local coal mining company Adaro Energy and the Japan-based Itochu Corporation.

As part of its bid to finance its capital expenditure, state utility company Perusahaan Listrik Negara is considering various funding options, such as whether to sell dollar-denominated bonds or seek banking loans worth up to $2 billion, its president director said. “We’re still studying whether we will issue global bonds, sukuk bonds or seek bank loans from domestic banks to finance our investment plans,” Dahlan Iskan, PLN’s president director, said in Jakarta on Wednesday. “Next month, we will announce whether or not we will seek the funding this year. The amount will be around $1.5 billion to $2 billion.” PLN’s intended bond sale had been put on hold since last year, but its plan gained momentum after state oil and gas company Pertamina raised $1.5 billion from overseas bond sales earlier this week to finance its expansion plans. Pertamina’s 5.25 percent bond was priced to yield 5.5 percent, it announced on Tuesday. PLN has said previously that Indonesia needs around Rp 82 trillion ($9.5 billion) in funds this year to meet a target of generating around 6,000 additional megawatts of electricity to the power grid. PLN plans to provide Rp 77.4 trillion of its financing needs, with the remainder coming from private companies through partnerships. PLN is allocating Rp 62 trillion for capital expediture next year. The government has announced a two-phase, 20,000 MW fast-track program that is expected to be completed by 2014. PLN and the private sector are each expected to generate 10,000 MW in the plan. Last year, PLN posted a 2.6 percent drop in its net profit to Rp 10.1 trillion.