Cement, Energy and Environment

"A large number of Indian utilities is financially very sick and they are bound to be reluctant to supply to a segment which increases the possibility of increased losses," said De. Courtesy: ET Bureau, August 28, 2015, from Internet JSW ENERGY TO BUY JAYPEE'S BINA POWER Sajjan Jindal co's power generation capacity is to rise to 6000 MW after the completion of third acquisition in a year. Jindal's power flagship, JSW Energy , is all set to acquire Bina Thermal Power from Jaiprakash Power Ventures for about · Rs 3,500 crore.The power plant has an installed capacity of 500 megawatt and sufficient infrastructure to ramp it up to 1,500 MW with marginal investment, two people familiar with the matter told ET. The two sides have agreed on the broad contours of an agreement on Monday in New Delhi , they said. "JSW has already completed the due diligence and is expected to enter into a binding agreement shortly," one of the people said. After the completion of the first deal for the two hydropower plants, the two sides would start focusing on Bina Power and should close that too within the next few days, this person said. A JSW Energy spokesperson declined to comment. Emails sent to JSW Energy and Jaiprakash Power Ventures went unanswered. Once completed, this would be the third acquisition by JSW Energy in the past one year that would almost double its power generation capacity to 6,000 MW from the current 3,140 MW. Another 8,630 MW of capacity is under development. Last November, JSW Energy signed a definitive agreement with Jaypee to acquire two hydropower plants for Rs.9,700 crore. These were the 300 MW Baspa-11 and the 1,091 MW Karcham Wangtoo projects, both in Himachal Pradesh. In addition to these assets, JSW Energy signed a non-binding agreement to purchase a majority stake in the power arm of Monnet lspat & Energy with a combined capacity of 1,050 MW. JSW Energy is a part of the $11 -billion revenue JSW Group, controlled by billionaire Sajjan Jindal. Madhya Pradesh from the Aditya Birla Group. The unit supplies most of its output to the MP State Electricity Board under a purchase agreement. Around spot market. long-term power 30% is sold in the Most independent power producers in India, saddled with huge leverage and weak cash flows, are trying to sell at least some of their assets. Courtesy: The Economic times, from Internet GOVT TO PUMP RS 70,000 CR IN REPLACING OLD POWER PLANTS Setting up super critical units to help save Rs 40,000 crore in land & infrastructure costs The Union government has firmed up plans to shut down some 11 ,000 mw of thermal power generation capacities that are at least 25 years old and build bigger plants with total capacity of at least 20,000 mw on the same tract of land for estimated investments of Rs 70,000 crore, officials said. The roadmap for shuttering at least 100 old units with capacities ranging from 60 mw to 220 mw was given a preliminary shape at a recent meeting between the Central Electricity Authority (CEA) and state utilities. In their place, some 30- odd super critical units ranging between 660 mw and 800 mw will come up, CEA officials said. This will lead to a savings of about Rs 40,000 crore on land acquisition as well infrastructure cost like rail and water linkages along with facilities like ash pond and power evacuation lines, they said. Coal supplied to the old plants would be fed into the units that would replace them. It is estimated that a total capacity of about 36,000 mw in the country is more than 25 years old and these un its could be replaced in phased manner. Some of these plants are in good running conditions and have just undergone renovation and maintenance, allowing them to run for a few more years. However, all such plants will have to eventually down shutter and be replaced by new super critical units, CEA officials said. They said replacement of old units by new super critical units was being encouraged by the government and the ministry of coal had already The Jaypee Group had acquired the Bina unit in issued guidelines for automatic transfer of coal 36