Honour for A.K. Singhal, Director Finance NTPC

A.K. Singhal, Director (Finance) NTPC has been selected for CFO 100 Roll of Honour in recognition of his exceptional contribution to Corporate Finance. A Chartered Accountant, with rich experience of 35 years of Corporate Finance Management, Shri Singhal is responsible for formulating financial strategies and plans for Maharatna NTPC to enable the company achieve its Vision.

He looks after timely financial resource mobilization for the company at minimum possible cost from Domestic & Global sources including equity issues, optimum utilization of funds, formulation of company’s annual financial budget and undertaking budgetary controls. Being responsible for compliances of Company Law and other statutory requirements, he also gives direction to the Corporate Governance framework of the company. Shri Singhal has been acting as one of the vital links between the shareholders of the company and the rest of the Board. In recognition of his contribution, he was earlier adjudged as the Best CFO in the Public Sector category by the Committee for Members in Industry (CMII) of ICAI for the year 2007-08 and CNBC TV-18 for the year

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BHEL profit up 40%, looks for gas turbine business in Japan

Government-owned power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) on Monday announced a 40 per cent rise in net profit to Rs 6,021 crore in 2010-11. The company said it was looking at the Japanese market for gas turbine business in partnership with American major GE.

Announcing the results, BHEL's Chairman and Managing Director B Prasada Rao said localisation of technologies, continuous working on supply chain and lower material costs helped the company in posting good profit. In the 2009-10, the company made a profit of Rs 4,311 crore.Rao said change in the company's accounting policy on provision for warranty obligation for construction contracts pushed revenues and profits. "This (change in accounting policy) has resulted in an increase in turnover by Rs 2,456 crore and increase in profit before tax at Rs 414 crore," he said.

BHEL has earmarked a capital expenditure amount of Rs 1,700 crore for the current financial year. "We are exploring opportunities in that country (in Japan) with our joint venture partner GE for setting gas turbine projects, as they have a smaller gestation period," he said.

The company secured record orders worth Rs 60,507 crore in 2010-11 taking the figure for total orders in hand to Rs 1,64,130 crore. Of this, overseas order accounted for Rs 3,738 crore from 24 countries. “In international business, the outlook remains cautious and the recovery after the global meltdown has not been able to create a positive environment… Recent developments in the Arab world have also adversely affected business prospects in BHEL’s traditional markets,” he said.

Rao said most of the projects in West Asia were in final stages of implementation.

"As far as new projects are concerned, there might be some delay as there are no activity as of now," he noted. Business from the region accounts for less than 1 per cent of the firm's total revenues.

NBPPL reports Rs 115-crore turnover in 2010-11

NTPC-BHEL Power Projects Ltd (NBPPL) on Saturday said it had recorded a turnover of Rs 115 crore in the current financial year (2010-11).

During the same period, the entity raked in a profit of Rs 10 crore. NBPPL, a joint venture between NTPC and BHEL, was set up in 2008 to carry out engineering, procurement and construction (EPC) contracts for power projects apart from manufacturing and supplying of equipment in India and overseas.

NTPC-BHEL Power Projects Ltd (NBPPL) on Saturday said it had recorded a turnover of Rs 115 crore in the current financial year (2010-11).

During the same period, the entity raked in a profit of Rs 10 crore. NBPPL, a joint venture between NTPC and BHEL, was set up in 2008 to carry out engineering, procurement and construction (EPC) contracts for power projects apart from manufacturing and supplying of equipment in India and overseas.

Let’s Look at Renewable Energy, Says Ramesh

India should look at renewable energy to meet its power needs, Environment Minister Jairam Ramesh has said. 
In a letter to Prime Minister Manmohan Singh last week, Ramesh drew his attention to a World Bank report on renewable energy in India. The report suggests that renewable energy is an important part of the solution to India’s power shortage. 
The letter gains significance as the coal and power ministries have cited growth targets to push for a more liberal forest clearance system. 
India has 150 giga watt of potential resources of renewable energy and the cost differential of harnessing these sources, particularly wind, small hydro, and biomass instead of coal-based power is “actually small”. As of now, India has harnessed just about 10% of its potential. 
The possibility of ensuring energy security through a more focused renewable energy policy would question the Coal Ministry’s demand to open up larger tracts of forests for mining. It cites a coal requirement of 2 billion tonnes by 2031-32 as projected by the Planning Commission’s Integrated Energy Policy to make its case. It has argued that any effort that adversely impacts coal production would impact the country’s economic growth. 
“As of now there is a surge of growth potential in the country and most of the sectors are on a rising path. Any curtailment on the energy source will ultimately result in the country missing growth opportunities,” the Coal Ministry has argued. Given that India’s proven coal reserves would last only another 45 years, it would mean greater reliance on imports. This would make coal-generated power more expensive. Increasing the share of renewables in the energy basket would reduce dependence on coal. This would preserve forests and reduce inevitable import dependence. 
The World Bank study shows that a greater role for renewables in India’s energy basket is feasible. The real possibility that renewable energy offers to address the country’s power shortage could dent the ‘growth argument’ put forward by ministries like coal and power. 
Besides a push for renewables would come with climate and health benefits, as well as give many under-developed states a shot at improving economic development. Ramesh has suggested that the Planning Commission and the Ministry of Renewable Energy “should initiate a time bound follow-up action” on the World Bank report. The minister’s suggestion comes even as the World Bank is considering limiting financing of coal-based power plants. 
Renewed Push 
• World Bank report In a letter to Prime Minister Manmohan Singh last week, Ramesh drew his attention to a World Bank report on renewable energy in India. 
• Clean energy The possibility of ensuring energy security through a more focused renewable energy policy would question the Coal Ministry’s demand to open up larger tracts of forests for mining. 
• Power push Ramesh has suggested that the Planning Commission and the Ministry of Renewable Energy should initiate a time bound follow-up action on the World Bank report.

NTPC and GAIL decides to join hands for setting up new gas-based power projects in the country and abroad

State-owned NTPC Ltd and Gail (India) Ltd have decided to join hands for setting up new gas-based power projects in the country and abroad. Under an agreement being thrashed out by the two companies, NTPC will also offer equity to GAIL in its upcoming projects besides setting up projects via the joint venture route. The two companies have also agreed to pursue joint opportunities in the exploration and production (E&P) sector and to co-operate in gas sourcing (import of LNG from abroad).

Confirming the move, a senior GAIL official said, “GAIL and NTPC have a long working association as seller and buyer of natural gas. The two have agreed to join hands for pursuing opportunities of mutual interest in natural gas and the power sector.”The NTPC spokesperson refused comments saying the matter is under discussion.

A memorandum of understanding (MoU) is expected shortly between the two companies, the official said. Under the MoU, GAIL and NTPC will explore opportunities to set up grass-roots gas-based power plants in India as well as in other countries jointly.

In addition, NTPC would explore possibilities of GAIL’s equity participation in the upcoming power projects as well as expansions.“Cooperation in commissioning of LNG Terminal of RGPPL (Ratnagiri Gas and Power Private Limited) besides exploring the feasibility of capacity expansion of RGPPL’s LNG terminal and power block is also part of the (proposed) MoU.”

NTPC, with an installed capacity of 33,194 MW, has 15 coal based and 7 gas based power stations across the country. In addition, NTPC has set up five coal based stations and one gas/naphtha based station through the JV route.GAIL and NTPC are joint promoters of RGPPL, an integrated 1,940-MW capacity power plant along with a 5-MMTPA LNG regassification terminal.Further, GAIL and NTPC are partners with 10% participating interest each in an E&P block located in Andaman deep water which was awarded in the NELP-VIII bidding round.

SC notice to Indo-Italian JV over NTPC's plea to restrict them from participation in super-critical power equipment tender

The Supreme Court today issued notices to Italian boiler manufacturer Ansaldo Caldaie Boilers and its Indian partner Gammon India over an appeal filed by NTPC seeking to restrict the duo from participation in a Rs 15,000 crore tender for super-critical power equipment. 

NTPC's plea came in the wake of a Delhi High Court verdict that permitted the Ansaldo-Gammon consortium to participate in the bidding process for the supply tender. 

While issuing notices and asking the parties to file their replies, a bench of justices Altamas Kabir and Cyriac Joseph remarked that the matter required proper hearing and accordingly, it will pass orders only after hearing all the parties concerned. 

Solicitor General Gopal Subramanium, appearing for NTPC, submitted to the court that Italian boiler manufacturer Ansaldo Caldaie Boilers had formed a joint venture with Gammon India Ltd to bid for the supply of Rs 15,000 crore worth of super-critical power equipment to NTPC. 

However, NTPC had rejected the bid as the Italian firm does not have the capacity to design the super-critical boiler and did not fulfill the minimum criteria stipulated in the techno-commercial tender, said Subramanium. 

Appearing for the Italian firm, senior counsel Mukul Rohatgi , however, opposed the NTPC argument and said the firm had all the required experience and fulfilled all the required parameters to participate in the bidding process. 

The Solicitor General, however, assured the court that NTPC would maintain status quo on the tendering process till the matter was resolved. 

NTPC moved the apex court after the Delhi High Court allowed ACB to bid against the tender for providing super-critical power equipment to the power giant. 

NTPC had invited manufacturers to bid for supplying a package that includes 11 super-critical boilers and an equal number of super-critical turbines of 660-MW capacity each. 

Besides ACB, there are four bidders for the tender, including Bhel, a consortium of L&T Power and Mitsubishi Heavy Industries and a JV between BGR and Hitachi Power Europe GmbH . 

Chennai-based ACB India is a JV between Ansaldo Caldaie, an Italian boiler manufacturer and Gammon India, which holds a 73.4 per cent stake.

NTPC-BHEL Power posts Rs 1.15 billion turnover, exceeding the target of Rs 900 million for the financial year for 2010-11

NTPC-BHEL Power Projects (NBPPL) has reported a turnover of Rs 1.15 billion, exceeding the target of Rs 900 million for the financial year 2010-11, its first year of commercial operations.

The joint venture of NTPC and BHEL reported a profit before tax of Rs 100 million, surpassing the PBT target of Rs 40 million. Set up in 2008, the joint venture mainly carries out the engineering, procurement and construction contracts for power and infrastructure projects in India and abroad.

For the current year 2011-12, the company has signed an MoU with NTPC and BHEL to achieve 90% growth in turnover with matching increase in profit.

NBPPL is setting up a power equipment manufacturing at Mannavaram in Chittoor district, Andhra Pradesh, which is expected to commence production in 15 months. It also proposes to set up a facility for coal and ash handling plants by 2012-13.

MoU signed

For the current year 2011-12, the company has signed an MoU with NTPC and BHEL to achieve 90% growth in turnover with matching increase in profit.

Nuclear Power Corporation's proposed project in Gujarat hits hurdle

The narrow, bumpy roads leading to Jasapara and Mithi Virdi villages in Gujarat’s Saurashtra region are being closely guarded by farmers.

The villagers are constantly checking every passing car and are on the lookout for central government officials who often come to survey the proposed nuclear power plant on their agricultural land.f this was not enough to make the message loud and clear to the Union government that the farmers are not willing to give up their land for a nuclear plant in their area, the farmers have also painted slogans on the walls of their houses, warning the government not to play “dirty games” with their lands.

The farmers of the four villages — Jasapara, Mithi Virdi, Mandwa and Khadarpara — say they check all the vehicles seen around the villages because the surveyors of the Union government, who used to come earlier, never revealed the purpose of their visit. After a series of meetings with the heads of nearby villages, the farmers have unanimously decided not to allow any surveyor in the area.

State-run Nuclear Power Corporation proposes to set up the plant.

Using white and blue colours, the students of the village school have painted ‘Dirty games won’t work, plant of death won’t work’. The recent nuclear crisis in Japan’s Fukushima plant following a devastating earthquake and tsunami has added to the problems for the government as the villagers have started comparing it with the 2001 Gujarat earthquake when several villages were destroyed.

“Earlier we were only scared for our land but now we are also scared for our lives. Everyone has to die one day but we won’t allow the nuclear power plant which will threaten the lives of our children for several years. Each one of us has seen on television what happened in Japan,” said Shaktisinh Gohil, the head of the Jasapara village, which will lose land for the project.

The four villages, which may lose 777 hectares of land for the power plant, have over 8,000 hectares of agricultural land.

“There is so much greenery in this part of Gujarat that it is often called the Kashmir of the state. Why can’t the government take non-agricultural land? Why does it want our agricultural land?” asks Gohil.

Although central government officials have invited the villagers to talk about the proposed plant in their area, the farmers of Jasapara, Mithi Virdi, Mandwa and Khadarpara villages have boycotted the meetings thrice.

“We might eat dal and bajre ki roti in our homes but we are not fools. What is the guarantee there would not be a repeat of the 2001 earthquake in Bhuj? We still have cracks on walls because of the impact of the earthquake. We have decided that we will neither allow any such nuclear power plant in the entire Saurashtra region nor anywhere else in Gujarat,” said Bhupendre Singh, the Son of Mandwa village.

NTPC adds 500-MW unit at Simhadri project

NTPC Ltd on Friday announced that its 500 MW unit-III, part of Simhadri thermal power project expansion project, has achieved full load after successful synchronisation with the grid on March 29.

The plant located at Parwada in Viskhapatnam district, has taken up stage II expansion of 1,000 MW. Of this, first unit of 500 MW has been added to the grid. With this development, the Simhadri coal plant has generating capacity of 1,500 MW and is expected to add another 500 MW during the year. Mr A.N.Dave, Regional Executive Director, South, and other officials of NTPC were present at the site during the synchronisation of the 500 MW unit. NTPC has managed to bring the entire 500 MW of generation capacity within two days of synchronisation, according to a press release.

Power capacity addition scales new peak in 2010-11

Despite slippages, a record power capacity addition of 12,160 MW has been achieved in 2010-11. Hitherto, the record for generation capacity commissioned in a single year was in fiscal 2009-10, when 9,585 MW was added.

While the record was boosted again by a spirited performance by the private sector, the cumulative capacity addition commissioned during the year crossed the 12,000-MW mark on account of a last-ditch effort by state-owned NTPC Ltd.

Late Thursday evening, NTPC announced the commissioning of a 500-MW unit at its Simhadri project. The official communication, coming well past 8 p.m. on the last day of the 2010-11 financial year, effectively ensured that the cumulative power capacity addition for the year shot past the 11,660 MW that would otherwise have been the tally had NTPC's late evening announcement not come through on March 31.

Official target

Notwithstanding the new landmark in terms of the highest capacity added in a single year since independence, the achievement is well short of the official target of 21,441 MW set for the period.

Of the capacity achieved during the year, over 4,000 MW or close to 35 per cent was accounted for by the private sector, according to preliminary estimates compiled by the Government.

To put things in perspective, the capacity added during just two years of the Eleventh Plan (2010-11 and 2009-10) is higher than the cumulative capacity addition achieved during the entire five years of each of the last three Plan periods.

The country had seen a capacity addition of 20,950 MW in the Tenth Plan (2002-07), 19,119 MW in the Ninth Plan and 16,423 MW in the Eighth Plan.

The private sector's contribution to capacity addition has shown a progressively improving trend during the first four years of the current Plan period, despite most of these projects not having firm power purchase agreements, difficulties in getting site clearances, problems in open access, lower preference in allocation of fuel linkages, and impediments such as the need to furnish bank guarantees for getting transmission corridors built.

Private sector projects

The units that have already been commissioned in the private sector during the fiscal include Udupi Power Corporation Ltd's (UPCL) 600-MW first unit, a 300-MW unit of Rosa thermal power project, Adani Power-promoted Mundra projects' two units (660 MW), Sterlite's 600-MW unit in Orissa, a 600-MW unit of Lanco's Anpara-C project in Uttar Pradesh.

Govt projects

NTPC's 500-MW units at Korba, Farakka and Simhadri are among the key Central sector projects that came through while APGenco's 210-MW Rayalaseema project unit and the joint sector Aravalli Power Corporation's 500-MW unit are among the State sector projects.

With the capacity addition this fiscal tipping 12,000 MW, and if a similar figure is achieved in the next fiscal, an overall capacity addition of around 48,000 MW is seen as a possibility during the Eleventh Plan, another record by a wide margin.

This is, however, going to be well below even the downward revised target of 62,000 MW pegged for the current Plan period, which started with a target of 78,700 MW.

The overall capacity addition achievement during 2009-10 was about 66 per cent of the target (9,585 MW against a target of 14,507 MW). It was 31 per cent in 2008-09 (3,454 MW against a target of 11,061 MW) and 57 per cent in 2007-08 (9,263 MW against a target of 16,335 MW).

According to Government data, of the 9,263-MW commissioned in 2007-08, the private sector accounted for only about eight per cent. This improved to 25 per cent in 2008-09 (883 MW out of the 3,454 MW commissioned that year) and to 45 per cent during 2009-10 (4,310 MW out of 9,585 MW).

Tata Power integrates Jojobera Unit 5

Power Finance Corporation Ltd (PFC) said on Friday that it had incorporated a wholly-owned subsidiary company — Power Finance Corporation Green Energy Ltd. — on March 30. The objective of the subsidiary is to provide financial support for generating ‘green' (renewable and non-conventional sources) energy, the company said.

Kudankulam power to hit grid in September

The wait is, finally, getting over. The first unit (of 1,000 MW) of the Kudankulam nuclear power project will be commissioned in June and power from the project will hit the grid in September.

From what sources say it looks like it is final, this time. For nearly two years now, officials have been saying that the project “is expected to be commissioned” at such-and-such month. But the revised target would always come with caveats and would never be met.

This time around it does not look like another false call because sources say that “everything is in place”.

The turbine has been erected, the steam-generator is at the site. The setting up of the reactor, a job that the Russian equipment supplier, Atomstroyexport, is doing by itself, is on track.

This is good news (mainly) for Tamil Nadu — a State that has been reeling under a peak power shortage of 2,000 MW for a couple of years now.

Tamil Nadu, being the host State, will get (a higher share of) 462.5 MW of the first unit (and as much when the second unit of 1,000 MW is also synchronised to the grid.)

The first unit of the Rs 13,000-crore project was originally scheduled to have begun supplying electricity in December 2007.

Coal India to produce 452 mt

In a memorandum of understanding (MoU) with the Union Government, Coal India Ltd has set a targeted production for 2011-12 at 452 million tonnes. Target for coal off-take is pegged at 454 mt, subject to availability of 175 rakes a day as against the daily availability of 162 rakes during 2010-11. According to a CIL release, average annual growth of coal movement through rail was approximately 2 per cent during the last three years. As against this, the company is now envisaging a growth of around 13.5 per cent in rail movement to reach the targeted off-take levels in the next fiscal. The MoU is a negotiated agreement between the Centre and the management of Central Public Sector Enterprise to evaluate the performance of the company managements.

NTPC to use tenders as pressure tactic to get gas

Country’s largest power producer NTPC plans to invite tenders to source power generation equipment for all its upcoming gas-based power projects in a bid to maintain readiness for these projects and exert pressure on the government to give it advance linkage of gas. Allocation of gas is important for NTPC to begin work on its several stranded power plants.

The state-owned power major is at a big disadvantage to its private sector counterparts to gas linkage in a deficit market. While private sector power projects enjoy the flexibility of ordering equipment and begin initial construction work on projects even before securing fuel linkage, a department of public enterprise (DPE) guidelines bars PSUs such as NTPC from undertaking these before securing fuel linkage for the projects.

The disadvantage means that NTPC may lose out on allocation once government starts releasing gas for new power projects. Private projects are making steady progress on their gas-based projects despite final word on gas linkage while NTPC is hoping that government provides it in-principle allocation in advance so that it could start any work on projects.

An empowered group of ministers (EGoM) has so far provided gas linkage on to stranded power projects and those which had been commissioned in fiscal 2009-10. Once the availability of gas from Reliance Industries K-G D6 block improves and ONGC also makes its new gas blocks operational, the EGoM is expected to alloocate gas even for new power projects.

Here the priority is expected to be projects that have made substantial progress in terms of construction of power plants and ordering of equipment.

“NTPC could lose out to its private sector counterparts once government starts releasing gas for new projects based on the level of investments put in by companies and extent of work done on projects,” said an official of the power ministry privy to the development.

As per the plan, which is still being discussed internally in NTPC, the power major may issue notice inviting tender (NIT) for sourcing equipment for all its upcoming gas-based projects. While bids would be evaluated, orders will not be placed till the company gets assurance on gas allocation.

The NIT is being considered sufficient to prove readiness of NTPC projects to receive gas. This will eliminate the perceived disadvantage and bring NTPC on same level of private projects for priority allocation of fuel.

The power ministry official said NTPC could consider inviting tender for a total of about 10,000 mw of capacity including 2,600 mw worth expansion projects at Kawas and Gandhar that is in dispute between NTPC and Reliance Industries in Bombay High Court. For its 12th Plan, projects that are stranded due to want of gas, NTPC proposes to prepare fresh detailed project reports and get mandatory statutory clearances afresh in cases where such clearances are lapsing.

NTPC plans to invite tenders to source power generation equipment for all its upcoming gas-based power project

Country’s largest power producer NTPC plans to invite tenders to source power generation equipment for all its upcoming gas-based power projects in a bid to maintain readiness for these projects and exert pressure on the government to give it advance linkage of gas. Allocation of gas is important for NTPC to begin work on its several stranded power plants.

The state-owned power major is at a big disadvantage to its private sector counterparts to gas linkage in a deficit market. While private sector power projects enjoy the flexibility of ordering equipment and begin initial construction work on projects even before securing fuel linkage, a department of public enterprise (DPE) guidelines bars PSUs such as NTPC from undertaking these before securing fuel linkage for the projects.

The disadvantage means that NTPC may lose out on allocation once government starts releasing gas for new power projects. Private projects are making steady progress on their gas-based projects despite final word on gas linkage while NTPC is hoping that government provides it in-principle allocation in advance so that it could start any work on projects.

An empowered group of ministers (EGoM) has so far provided gas linkage on to stranded power projects and those which had been commissioned in fiscal 2009-10. Once the availability of gas from Reliance Industries K-G D6 block improves and ONGC also makes its new gas blocks operational, the EGoM is expected to alloocate gas even for new power projects.

Here the priority is expected to be projects that have made substantial progress in terms of construction of power plants and ordering of equipment.

“NTPC could lose out to its private sector counterparts once government starts releasing gas for new projects based on the level of investments put in by companies and extent of work done on projects,” said an official of the power ministry privy to the development.

As per the plan, which is still being discussed internally in NTPC, the power major may issue notice inviting tender (NIT) for sourcing equipment for all its upcoming gas-based projects. While bids would be evaluated, orders will not be placed till the company gets assurance on gas allocation.

The NIT is being considered sufficient to prove readiness of NTPC projects to receive gas. This will eliminate the perceived disadvantage and bring NTPC on same level of private projects for priority allocation of fuel.

The power ministry official said NTPC could consider inviting tender for a total of about 10,000 mw of capacity including 2,600 mw worth expansion projects at Kawas and Gandhar that is in dispute between NTPC and Reliance Industries in Bombay High Court. For its 12th Plan, projects that are stranded due to want of gas, NTPC proposes to prepare fresh detailed project reports and get mandatory statutory clearances afresh in cases where such clearances are lapsing.

500 MW stage-6 unit of Andhra Pradesh Power Generation Corp's Kothagudem Thermal Power Station synchronised to grid

The 500 MW stage-6 unit of Andhra Pradesh Power Generation Corporation Lied (AP Genco)'s Kothagudem Thermal Power Station (KTPS) was synchronised to the grid today. The unit will attain full load capacity of 500 MW after required tests and rectifications are carried out by June 30, according to AP Genco Managing Director K Vijayanand. Synchronisation of the unit would help add another 500 MW (12 million units) to the AP Grid, providing much needed relief to the power-starved state. The stage-6 of KTPS was taken up in February 2007 as part of AP Genco's capacity addition programme and completed at a cost of Rs 2,325 crore, the MD said. Genco has tied up with Mahanadi Coal Fields, Orissa, for supply of 2.31 million tonnes of coal per annum required for the new unit.

Tata Power begins commercial operations of another 120-MW unit at its coal-based power plant at Jojobera in Jamshedpur

Tata Power on Thursday said it has started commercial operation of another 120-MW unit at its coal-based power plant at Jojobera, in Jamshedpur. Commercial operation of the latest 120-MW unit at Jojobera -- dubbed Unit 5 -- began on March 27. Unit 5 has been running on a full load since March 16, the private sector power utility said in a statement. 

"With the addition of this unit, the total capacity of the Jojobera thermal power station is now 547.5 MW. This unit will supply power to Tata Steel Limited to meet the increasing demand for power for the company's Jamshedpur works," Tata Power said. 

Tata Power Managing Director Anil Sardana said commercial operation of Unit 5 at Jojobera marks a significant step toward augmentation of power supply to meet the requirement of Tata Steel. The equipment suppliers for this project include BHEL, HAIL, TPL and MBPL. 

The Jojobera thermal power station has an installed capacity of 427.5 MW -- unit 1 of 67.5-MW capacity and units 2, 3 and 4 of 120-MW capacity each. 

"The 120-MW Unit 5 is an asset of Industrial Energy Limited (IEL), a joint venture between Tata Power and Tata Steel, which was set up to develop new captive power projects (CPPs) to meet the power requirements of Tata Steel," the statement said.

Torrent Power seeking to buy renewable energy to meet a government-set target for clean power

Torrent Power Ltd., India’s fifth- largest non-state generator, is seeking to buy renewable energyto meet a government-set target for clean power.

The company intends to buy power on a long-term basis from renewable sources including wind, bagasse, biomass and small hydroelectric plants, it said in a tender notice published in today’s Economic Times.Torrent Power, which has an installed generation capacity of 1,648 megawatts, also distributes power in the northwestern state of Gujarat.For the financial year beginning April 1, the state electricity regulator requires that distribution utilities purchase 6 percent of their power from clean sources, according to an order posted on the website of the Gujarat Electricity Regulatory Commission.