Thursday, October 8, 2009

3PSUs to invest Rs 1,200 cr to set up solar plants......


BS REPORTER Chennai, 6 October
After deciding to set up ultra mega power projects (UMPPs) to improve power supply across the country, the government’s next big step would be to set up eight ultra supercritical power plants (USCPPs).


3PSUs to invest Rs 1,200 cr to set up solar plants..

At the same time, the government plans to mandate equipment manufacturers to set up shops in the country to cater to these projects.
“Our next step would be setting up USCPPs. The government is planning to set up eight plants across the country with 800 Mw each. We are planning to start the initiative by next year,” S Seshadri, member of the Central Electricity Authority (CEA), said on the sidelines of a CII-organised conference on power.
USCPPs operate at temperatures and pressures above the critical point of water, that is above the temperature and pressure at which the liquid and gas phases of water coexist in equilibrium, at which point there is no difference between water gas and liquid water. This results in higher efficiencies —above 45 per cent.
These power plants are fast becoming the system of choice across China, Europe and the US, which operate at higher temperatures and pressures and, therefore, achieve higher efficiencies than conventional boiler units, resulting in less coal use per megawatt-hour.
According to Seshadri, the government is currently helping set up 12 UMPPs across the country. The first one, commissioned by Tata Power, is expected to go onstream by September 2011. “The government is also planning to set up another two UMPPs,” he said.
Currently, specifications are under preparation, one of which would compel equipment suppliers to set up shop in India. According to Seshadri, one of the major factors would be availability of materials and equipment; there are only two or three manufacturers in the world catering to USCPPs. BS REPORTER Chennai, 6 October
Three public sector companies are planning to set up 60-80 megawatt solar plants with an investment of Rs 1,000-1,200 crore. The projects will come up in Rajasthan, Punjab and the Leh region of Jammu and Kashmir.
Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN) would set up a plant at Suratgarh in Rajasthan, while a similar plant would be set up by NTPC at Anta in the state, SSeshadri, member of the Central Electricity Authority, said on the sidelines of a CII-organised conference on power. The state utility of Punjab would set up a solar plant in the state, he added.
However, it was not decided which state-run power company would set up the plant in Leh.
“For the first time, we are planning to tap solar energy in Leh,” said Seshadri.
Capacity of these plants would vary from 15-20 megawatt each, Seshadri said, adding it would cost Rs 16 crore per megawatt.
Each of these utilities would fund the projects individually, added Seshadri.

My Comments:

Seems Solar sector is going to get a shot in the arm from government itself.Solar Panel maker will have a field day.

With Oil prices going up again and India being a tropical country , I think solar panel producers will have not to look at overseas for the orders.

XL Tele and likes can again gain their old glory.One of my good friend recomended me to write on Solar Energy sector as some annoucement is bound to come in next couple of months.More over he is also bullish on realty sector too.As I am far off India,I donno what is the scenario there in India for realty sector but he is bullish and told me to write on that.....and hence I am here to write that keep a watch on Solar Sector and Realty sector.......Boom time ahead for cos having land banks.......

7 comments:

  1. Dear Rajeev Ji,
    AS govt has to adopt IFRS by 2011. I am also bullish on realty . Because in IFRS accounting realty made the impact on balace sheet. As it world bank order to implement ifrs system by all countries by 2011. some countries already adopted but i dont know what is the impact.

    ReplyDelete
  2. Stock market burst within one or two months: Jhunjhunwala
    http://economictimes.indiatimes.com/markets/stocks/views/recommendations/Stock-market-burst-within-one-or-two-months-Jhunjhunwala/articleshow/5102329.cms

    ReplyDelete
  3. Hi i tried to get the annual reports of some companies in ur list.But not able to get for Frontier Spring,
    Sudal Ind.Can you please send the annual reports of these companies to my id Ramakrishna.jrk@gmail.com
    Normally where we can the reports?

    ReplyDelete
  4. Rama,
    Do you think I have AR of all the co that I recomend here.....No,Actually I never read AR of any co....as I don't know how to read the BS......

    ReplyDelete
  5. Sir would like to have your view on Bihar Tubes.

    ReplyDelete
  6. Dear Rajeev,

    Do you see any other good story in US market than KDKN. That I have already invested. Prefer to buy penny stock.

    Thanks in advance.

    Dhiman

    ReplyDelete
  7. Dear Dhiman,
    Mail me at my id.I can write couple of more US stocks....

    ReplyDelete