The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost.

Also, additional funds to the tune of Rs 800 crore would be required for additional debt liability and for balance capex payments of projects which are yet to achieve full commercial operations, it stated.

Thus, NGEL has invited offer for rupee term loan of up to Rs 9,000 crore, it said.

The minimum amount of loan offered by banks/FIs (financial institutions) shall be Rs 1,000 crore and in multiples of Rs 500 crore thereafter, it stated.

The last date for submission of bids is March 6, 2023.

NTPC had incorporated NGEL in April 2022 for consolidating its renewable energy businesses and aggressively pursue its green/ sustainable energy venture.

Source : PTI

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The company has sought bids for the JPY loan, which is to be raised through External Commercial Borrowing route.

According to a bid document, the term loan would be for USD 150 million with green shoe option of USD 600 million.

It also stated that the proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc.

The last date for submission of bids is March 1, 2023 and proposals would be opened the same day.

NTPC is the largest power generating company in India. It occupies a dominant position in the domestic power sector with presence in the entire value chain of the power generation business.

In a BSE filing, it stated that consequent upon successful commissioning, third part capacity of 50 MW out of 300 MW Nokhra Solar PV Project at Bikaner, Rajasthan, is declared on Commercial Operation with effect from February 16, 2023.

The first part capacity of 100 MW has already been declared on commercial operation with effect from December 20, 2022 and second part capacity of 50 MW with effect from December 30, 2022.

With this, it stated that standalone installed and commercial (power generation) capacity of the NTPC will become 58,979 MW & 58,319 MW respectively, while group installed and commercial capacity of NTPC (along with joint ventures and arms) will become 71,594 MW & 70,934 MW respectively.

Source: PTI

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”India is committed to providing reliable and affordable power supply to people while keeping environmental concerns as the core priority,” Singh, who is also the Minister for New and Renewable Energy (MNRE), said in a statement.

He made the remarks while inaugurating the Indian Power Stations 2023 conference being organised by NTPC Ltd at Raipur in Chhattisgarh.

Krishan Pal Gurjar, Minister of State of Power, said as the need for power increases in the country, there is also a need to tackle certain challenges that comes along with it.

Gurdeep Singh, Chairman and Managing Director of NTPC Limited, said reliable and sustainable power is more important than plant load factor or the generation. Going forward, the challenges with renewable energy and thermal power will become more severe as the requirements for the grid will have to be taken into consideration, he added.

Source: PTI

The three-day Indian Power Stations 2023 International O&M Conference or IPS 2023 is being organized from 13th to 15th February at Pandit Deendayal Upadhyay Auditorium at Raipur, Chhattisgarh on “Strategies for reliable and sustainable power generation in changing energy scenario” being the theme for this year. Day 1 began with the inauguration of the Conference and Techno Galaxy exhibition followed by technical sessions of the O&M Conference and interaction with vendors at the exhibition. Continuing the same on Day 2, there will be a concluding session for NTPC delegates. Day 3 will include Techno Galaxy and interaction with vendors in exhibition stalls followed by the presentation of vendors.

Commenting on the contribution of NTPC Limited in the energy sector, Shri Krishan Pal Gurjar, Hon’ble Minister of State of Power said, “The efforts of NTPC have been commendable so far. As the need for power increases in the country, the need is to tackle certain challenges that come along with it. I believe that a lot of interesting ideas will come from this conference which will help significantly in the future of sustainable and reliable power.”

NTPC Vindhyachal achieved the distinction of crossing 600 + BE score and received the coveted Overall Excellence award. Since the IPS conference was withheld in the past two years due to the Covid pandemic, this year, the laurels for the stations recognized for Overall Excellence for Years 20-21 and 21-22 assessment years were bagged by NTPC Singrauli and NTPC Rihand respectively. The Overall Excellence for assessment year 22-23 – Special recognition by jury – was awarded to NTPC Solapur. The awards were received by the BUH of the Respective stations along with the Regional Executive Directors.

NTPC Korba received the First Runner-Up award, and NTPC Talcher Kaniha received the Second Runner-Up award. Shri Gurdeep Singh, CMD NTPC, Shri Ghanshyam Prasad, Chairperson Central Electrical Authority (CEA), Shri VK Dewangan, CMD, REC Ltd, Shri D.K. Patel, Director (HR), Shri Ramesh Babu V, Director (Operation), Shri Ujjwal Kanti Bhattacharya, Director (Projects) and Shri Jaikumar Srinivasan, Director (Finance), independent directors of NTPC and senior officials were present during the felicitation ceremony.

Speaking on the occasion, Shri Gurdeep Singh, CMD NTPC Limited said, “Reliable and sustainable power is more important than PLF or the generation. Going forward, the challenges with renewable energy and thermal power will become more severe as the requirements for the grid will have to be taken into consideration. Safety, reliability, flexibility, efficiency, and affordability is the priority. We should keep the cost of power as low as possible”

As the world is currently undergoing major transformations induced by the Covid 19, the war in Ukraine, and the resultant supply chain disruptions affecting global commodity prices. NTPC pledges to never compromise on the availability of energy for the country’s growth and to maintain a high living standard for the people.

Shri Ghanshyam Prasad, Chairperson, CEA said, “The narrative around the world is to move away from coal-based power generation. The fact that every country has its own transition path holds true. But for a country like India, there is no option other than coal for a sustainable and reliable source of energy for consumers at present.”

Shri V Ramesh Babu, Director (Operations), NTPC also spoke on the occasion. He emphasized the commitment to generating and providing reliable power at competitive prices in a sustainable manner by optimizing the use of multiple energy resources with innovative eco-friendly technologies, contributing to the economic development of the nation, social upliftment of society, and promoting a healthy environment.

An official release on Tuesday said the Andhra Pradesh State Investment Promotion Board (SIPB) cleared a series of investment proposals to establish several heavy industries in the State.

“NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs. 1, 10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore,” the release said.

The first and second phases with employment opportunities to 30,000 and 31,000 people would be completed by 2027 and 2032 respectively.

The Accord Group would set up a Rs 10,000-crore factory at Ramayapatnam to make special minerals like copper cathode, copper rod, sulfuric acid and selenium.

The facility would directly provide 2,500 people jobs and see work start from May 2023 and end by June 2025, according to the release.

Andhra Paper Mills at Kadiyam would go for an expansion at an investment of Rs. 3400 crore. The expansion would be completed by 2025 and provide direct employment to 2,100 people, it further said.

Vizag Tech Park Ltd, a wholly owned subsidiary of Adani Enterprises, would establish a 100- MW data centre at Kapuluppada in three years at a cost of Rs. 7,210 crore by setting up a 10 MW capacity unit in the first phase.

This would offer direct employment to 14,825 people and indirect employment to 5,625. This is in addition to the 200-mg data park which is coming up.

Source: PTI

Hon’ble Minister of Power and New & Renewable Energy, Shri R.K. Singh also visited the venue of the International Seminar on ‘Carbon Capture Utilization and Storage (CCUS) and discussed the initiatives taken by NTPC.

Hon’ble Dr. V.K. Saraswat (Member NITI Aayog), Shri Alok Kumar (Secretary Power, Govt. of India), Shri Gurdeep Singh (CMD, NTPC Ltd), Shri Ujjwal Kanti Bhattacharya, (Director Project, NTPC Ltd) explained the importance of CCUS technologies for clean energy transition leading to Net-Zero goal. They also shared several important CO2 emission mitigation measures and key green initiatives being spearheaded by India.

During the event, more than 200 dignitaries, speakers, panelists and delegates of various countries participated in the seminar wherein they shared their knowledge and learnings pertaining to CCUS.

A Study Report on “Carbon Capture, Utilization, and Storage (CCUS)- Technology Gaps and International Collaboration”, which was commissioned under G20 India Presidency, was unveiled during the event.

Additionally, a 3D-Model of NTPC flagship project on Flue Gas CO2 to Methanol Synthesis was also showcased at the event. This plant is intended to reduce the CO2 emission of fossil-based Power plants by capturing it and converting it into useful hydrocarbons, i.e., Methanol.

The event is likely to open new vistas for low carbon downstream industries and academia to work and move ahead benefitting People & Planet.

NTPC ltd, India’s largest integrated Power utility, hosted an international seminar on ‘Carbon Capture Utilization and Storage (CCUS)’ at the First Energy Transitions Working Group (ETWG) meeting under the aegis of G20 India presidency at Bengaluru.

Dr V.K. Saraswat, Member, NITI Aayog, Shri Alok Kumar, Secretary Power, Shri Gurdeep Singh, CMD, NTPC Ltd., Shri Ujjwal Kanti Bhattacharya, Director Project, NTPC Ltd. impressed upon the importance of CCUS technologies for clean energy transition leading to Net-Zero goal. They emphasized upon the several important CO2 emission mitigation measures and key green initiatives being spearheaded by India.

Shri R.K. Singh, Union Minister of Power and New & Renewable Energy also visited the venue of International Seminar on ‘Carbon Capture Utilization and Storage (CCUS) and discussed the initiatives taken by NTPC.

During the event, more than 200 dignitaries, speakers, panellist and delegates of various countries participated in the seminar wherein they shared their knowledge and learnings pertaining to CCUS.

Study Report on “Carbon Capture, Utilization, and Storage (CCUS)- Technology Gaps and International Collaboration”, which was commissioned under G20 India Presidency, was unveiled during the event.

Additionally, a 3D-Model of NTPC flagship project on Flue Gas CO2 to Methanol Synthesis was also showcased at the event. This plant is intended to reduce the CO2 emission of fossil-based Power plant by capturing it and converting it into useful hydrocarbon, i.e., Methanol.

The event is likely to open new vistas for low carbon downstream industries and academia to work and move ahead benefitting People & Planet.

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• Exhibition depicts NTPC’s glorious journey in building Indian power sector and its transition towards renewable energy sources

• Combining creativity with technology, NTPC stall displayed its various sustainable initiatives through panels, corporate films, gesture-flipbook, games, brochures, etc.

• Exhibition is being held from 29th to 31st January 2022

As part of the G20 summit, NTPC Ltd. is showcasing its sustainable transition towards green energy by participating at the Nature Nurture Exhibition, being held at Bengaluru from 29th to 31st January 2023.

Shri Alok Kumar, Secretary, Ministry of Power, visited the NTPC stall on 30th January and appreciated the innovative installations. Earlier, the NTPC stall was inaugurated on 29th January by Shri S.N. Sahai, Director General, Power Foundation and Shri Vivek Dewangan, IAS, CMD, REC. Shri Harjit Singh, CGM (CC), NTPC welcomed the dignitaries at the NTPC stall.

The exhibition depicts NTPC’s glorious journey in building the Indian power sector and its transition towards renewable energy sources. The interactive installation kept the visitors engaged and much appreciated by all.

A hologram projection showcasing the transition journey of NTPC through various renewable energy projects across India. A timeline wall showcasing NTPC’s rich history since its inception in 1975 is the prime attraction of the stall.

The ‘Power Run Game’ became a crowd puller for all those present at the exhibition. Children and adults alike were seen competing in the interactive game. Winners of this game were awarded with a bobblehead of NTPC Safety Mascot ‘Kawach’.

To make the stall interactive, a catapult pledge wall is also installed to encourage people for conserving energy in their daily lives.

Combining creativity with technology, the NTPC stall displayed its various sustainable initiatives through panels, corporate films, gesture-flipbook, games, brochures, etc.

The exhibition is being held from 29th to 31st January 2022.

New Delhi : The Country’s largest power generator- NTPC Ltd., with a present group installed capacity of71544 MW, declared unaudited financial results for Q3/9MFY23.

NTPC Group generated 295 BillionUnits in 9MFY23 as compared to 265 Billion Units in 9MFY22, an increase of ~11%.NTPC’s standalone gross generation in 9MFY23 is 255 Billion Units as compared to 227 Billion Units in the corresponding previous period, registering an increase of ~12%.

NTPC Coal stations achieved a Plant Load Factor of 74.45% as against the National Average of 63.27% during 9M FY23.

On standalone basis, total income of NTPC for 9MFY23is ₹124,685.49 crore as against corresponding previous periodtotal income of ₹ 89,314.50 crore, registering an increase of 39.60%. Profit After Tax for 9MFY23is ₹ 11,524.41 crore as against ₹ 10,663.69 crore in 9MFY22, registering an increase of 8.07%.

On consolidated basis, total income of the group for 9MFY23is ₹ 133,231.43 crore as against corresponding previous periodtotal income of ₹ 97,269.89 crore, registering an increase of 36.97%. Profit After Tax of the group for 9MFY23is ₹ 12,249.80 crore as against corresponding previous period PAT of ₹ 11,760.78 crore, registering an increase of 4.16%.

The Board of Directors has approved interim dividend for FY23 @ 42.50 % of paid-up share capital i.e. ₹4.25 /- per equity share of face value of ₹10/- each.

Petition for approval of tariff of Vindhyachal Super Thermal Power Station Stage-III (1000 MW) NTPC Ltd.

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​The solar panels manufactured by IB Solar are being tried an…Read More...

Source: PTI

Petition for truing-up of tariff of Vindhyachal Super Thermal Power Station Stage-III (1000 MW) NTPC.

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Petition for determination of tariff of Tanda STPS, Stage-II (1320 MW) NTPC.

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Petition for determination of tariff of tariff of Singrauli Super Thermal Power Station (2000 MW) NTPC Ltd.

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• NTPC generates 254.6 BU during Apr-Dec 2022, an increase of 16.1% over the previous year, on a standalone basis

• NTPC portrays phenomenal growth in captive coal production by achieving 14.6 MMT of production

• NTPC group installed capacity is 70824 MW

• The company cross 3 GW of Renewable capacity

NTPC, India’s largest power generating company recorded a generation of 295.4 BU during Apr-Dec 2022, registering a growth of 11.6% compared to the same period, previous year. On a standalone basis, NTPC generated 254.6 BU during Apr-Dec 2022, an increase of 16.1% over the previous year.

The coal plants registered a PLF of 73.7% for 9-months period in FY23 compared to 68.5% in FY22 for the same period. The stellar performance of NTPC is a testimony to the expertise of NTPC engineers, Operation & Maintenance practices, and NTPC systems.

Also, NTPC has portrayed a phenomenal growth in captive coal production by achieving 14.6 MMT of production, registering a growth of 51% vis-à-vis the previous year for the same period.

NTPC group installed capacity is 70824 MW. Recently, the company has crossed 3 GW of Renewable capacity.

• The set-up is geared up to supply H2-NG (natural gas) to households of Kawas township at Adityanagar, Surat

• The project would bring India at the centre stage of the global hydrogen economy

• India would not only reduce its hydrocarbon import bill significantly but can also bring forex ashore by being a green hydrogen and green chemicals exporter to the world.

NTPC Ltd commissions India’s first green hydrogen blending project. The green hydrogen blending has been started in the piped natural gas (PNG) network of NTPC Kawas township, Surat. The project is a joint effort of NTPC and Gujarat Gas Limited (GGL).

The first molecule of green hydrogen from the project was set in motion by Shri P Ram Prasad, head of project, Kawas in presence of other senior executives of NTPC Kawas and GGL.

After the start of blending operation, NTPC Kawas held awareness workshops for township residents with help of GGL officials.

NTPC and GGL have worked relentlessly towards achieving this milestone in record time after the foundation stone laying by the Hon’ble Prime Minister of India on 30th July 2022. This set-up is geared up to supply H2-NG (natural gas) to households of Kawas township at Adityanagar, Surat. Green hydrogen in Kawas is made by electrolysis of water using power from already installed 1 MW floating solar project.

Petroleum and Natural Gas Regulatory Board (PNGRB), the regulatory body has given approval for 5% vol./vol. blending of green hydrogen with PNG to start with and the blending level would be scaled phase wise to reach 20%. Green hydrogen when blended with natural gas reduces CO2 emissions keeping net heating content same.

This feat is achieved only by few select countries like UK, Germany, and Australia etc. This would bring India at the centre stage of the global hydrogen economy. India would not only reduce its hydrocarbon import bill significantly but can also bring forex ashore by being a green hydrogen and green chemicals exporter to the world.

New Delhi : State-owned energy giant NTPC’s power generation grew 11.6 per cent year-on-year to 295.4 billion units (BU) in April-December this fiscal, registering a growth of 11.6 per cent compared to the same period the previous year, a company statement said. On a standalone basis, NTPC generated 254.6 BU during April-December 2022, a 16.1 per cent year-on-year rise.

Its coal-based thermal power plants registered a PLF (plant load factor or capacity utilisation) of 73.7 per cent for 9 months in FY23 (April-December 2022) compared to 68.5 per cent in the year-ago period. NTPC’s captive coal production remained at 14.6 MMT in the said period, with 51 per cent year-on-year growth. NTPC group’s installed capacity is 7,0824 MW. Recently, the company has crossed 3 GW of renewable capacity.

Source : PTI

Petition for Adoption of Tariff discovered through Competitive Bidding Process for procurement of power from the 1200 MW GridConnected Solar PV Power Project at Village- Kalijal & Matuon ki dhani.

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New Delhi : Country largest power generator, NTPC ltd crosses 1GW annual capacity in renewable energy (RE) segment by adding 1074.59 MW RE capacity in FY23 taking the total NTPC non-fossil capacity to 9.41%.

With the successful commissioning of entire capacities of 150 MW & 90 MW Devikot Solar PV Projects at Jaisalmer, Rajasthan, are declared on Commercial Operation w.e.f. 00:00 Hrs. of 13.12.2022.

With this, standalone installed and commercial capacity of NTPC has become 58041.27 MW, while group installed and commercial capacity of NTPC has become 70656.27 MW.

UTILITIES Green & Grey: Together We Win.

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Petition for recovery of Additional Expenditure, in Sipat STPS Stage-I(3×660 MW) and Sipat Stage-II (2×500 MW), incurred due to sharing of transportation cost of fly ash consequent to Ministry of Environment.

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The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada Pension Plan Investment Board (CPPIB), Malaysia’s Petronas and Brookfield.

India’s largest power producer NTPC Ltd aims to sell a 20% stake in its green energy business this fiscal year, expecting to raise up to 30 billion Indian rupees ($363.97 million), three government sources said.

The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada Pension Plan Investment Board (CPPIB), Malaysia’s Petronas and Brookfield.

The decision to sell 20% to strategic investors will be followed by an initial public offering of NTPC Green Energy Ltd (NGEL) next financial year, two of the sources, senior government officials with direct knowledge of the matter, said.

India’s renewables sector is among the country’s top five industries attracting the highest levels of foreign investment this year. Its percentage share of total foreign direct investment inflows has risen to 5% in April-September 2022 against 3.3% in the same period last year, data from India’s commerce ministry showed.

NTPC was initially planning to raise funds through a public share sale. The company is now looking at first selling a 20% stake through a private placement as this would provide a valuation for an IPO, the third source said. The size of the stake sale and the deal value has not been previously reported.

NTPC did not respond to requests for comment.

INVESTMENTS

NTPC plans an investment of more than 2.5 trillion rupees in the next 10 years to raise the share of non-fossil energy its portfolio to 45% from the present 9.41%. Its remaining capacity is coal-fired.

It is open to selling a total 49% stake in its green energy unit in tranches, the sources said.

“The proposal has been moved by the ministry of power for consideration by the federal cabinet. The stake sale is targeted for this financial year,” one of the sources said.

India’s financial year starts on April 1 and runs through to March.

To test investor appetite for a share placement, NTPC in September floated an Expression of Interest to sell minority stake in NGEL. It received 13 bids from investors also including ArcelorMittal, Indias NIIF and Abu Dhabi-listed TAQA.

NTPC Green Energy will be the driver for the parent company’s non-fossil businesses. The company has committed to adding 60 gigawatts of renewable energy by 2032 on a total group capacity of 130 gigawatts.

On Tuesday, the company said it passed 1 gigawatts annual capacity in the renewable energy segment.

NTPC has said it will not set up new coal-based projects but is considering a few expansion projects at its existing pit-head plants. NTPC’s total capacity is 70.7 gigawatts.

India which has set a goal to become net zero by 2070, has committed to achieve 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.

The country targets 500 gigawatts of renewable energy generation by 2030. Renewable energy sources including wind, hydro and biomass constitute 30% of the country’s present installed capacity of 409 gigawatts.

($1 = 82.4250 Indian rupees)

Source: Reuters