Uttarakhand Jal Vidyut Nigam (UJVN) has decided to renew a loan of Euro 103 million from German financial institution KFW. The purpose is to modernise and renovate six old hydel projects. “Our chairman Subhash Kumar held talks with the Union power secretary P Uma Shanker to renew the loan from KFW,” said B C K [...]
Sector: Hydro Power
Madhya Bharat Corpn to award package for 96MW project soon
Madhya Bharat Corporation may award the hydro-mechanical package for a 96 MW project next month. The company, which is a subsidiary of Sarda Energy and Minerals Ltd, is the developer of the Rongnichu hydro-electric project (HEP) in Sikkim. It has already awarded the civil and electro-mechanical works package to SEW Infrastructure Ltd and Voith Hydro [...]
CEA gives concurrence to SJVN project
CEA has awarded concurrence to state-run SJVN’s 252 MW Devsari hydro-electric project in Uttarakhand. It may be recalled that an Implementation Agreement was signed between the Government of Uttaranchal (now Uttarakhand) and SJVN in 2005 for allocation of the Rs 1,358 crore project with proposed installed capacity of 300 MW. However, it was subject to [...]
Projects in the pipeline for JPV
Jaiprakash Power Ventures, the country’s biggest private hydro power company, also has thermal projects in the pipeline and a captive coal mine. The company is a subsidiary of Jaiprakash Associates, It has a diversified business model across hydro and thermal, in the ratio of 40:60 in north, central and north-eastern regions of the country. It [...]
NHPC project ahead of schedule
The Hydro-Mechanical (HM) works at NHPC`s Chamera-III HEP been completed, way ahead of schedule. In many cases, the deadline has been left behind by many months. Usually, hydro projects drag on for years together, almost always exceeding the deadlines. The project was under a `compression schedule`. Under this schedule, all of the HM works` deadlines [...]
Uttarakhand hydropower plant may get clearence soon
The government of India may grant all clearances to the 300 megawatt Lakhwar hydropower project in Uttarakhand soon. Quoting official sources, reports said the government has also agreed to provide financial assistance for completion of the project. Principal Secretary to the Prime Minister Pulok Chatterjee directed the officials concerned to grant all necessary clearances for [...]
Sikkim scraps Teesta project
The Sikkim government has reportedly cancelled its proposed Teesta hydel power project. The project, awarded to infrastructure company NCC for development in 2005, is still in its initial phase. The 280 mw project had an outlay of around `2,500 crore. Reports said the Sikkim government has decided to scrap the project, giving in to protests [...]
WAAREE Energies launches easy finance facility
WAAREE Energies Pvt. Ltd has launched easy finance scheme as bridge finance as well as long term finance for solar PV projects. WAAREE will now be offering finance to companies who have already signed the PPA’s or are planning to set their power project under various schemes. WAAREE’s financial product covers the bridge finance till [...]
Kerala govt wants clearence for Athirappilly project
Despite strong opposition from environmentalists and Union Minister Jairam Ramesh, the State government of Kerala is demanding for green clearance for Athirappilly hydro power project in the ecologically sensitive area in Thrissur district. During his meeting with Prime Minister Manmohan Singh, Kerala Chief Minister Oommen Chandy sought clearance for the 163 MW project, arguing that [...]
EDCPL gets Environ Min’s nod
The environment ministry has given its nod to Energy Development Company Private Ltd (EDCPL) to carry out pre-construction activities at the proposed 84 MW Pachuk-I hydro electric project (HEP). The clearance has been accorded in line with the provisions of the Environmental Impact Assessment (EIA) Notifications, 2006 and its subsequent amendment in 2009. The Ministry [...]