Power minister to unveil 660 MW unit at NTPC’s Barh project
New Delhi: Minister for power and new & renewable energy RK Singh will a 660 MW unit at NTPC’s Barh Super Thermal Power Project in Bihar on 18 August.
"The 660 MW unit being inaugurated is unit #2 of stage-one of the project. The commissioning of this unit would be another milestone in the government's endeavour to provide reliable and affordable power to the nation," the ministry of power said.
Singh will also lay the foundation stone for extension of Power Grid's 400/132 kV Lakhisarai sub-station later in the day.
As part of the project, 220 kV GIS will be constructed in the premises of the existing sub-station along with installation of two transformers of 500 MVA capacity.
The extension of the substation at Lakhisarai will lead to improved power availability in Lakhisarai, Sheikhpura, Munger and Jamui districts and will also ease supply of power to meet future energy demand.
"The installation of state-of-the-art GIS technology of 220 kV voltage level in Lakhisarai sub-station will further strengthen the connectivity of the region to the national grid," the ministry said.
The provision of uninterrupted power supply will also lead to industrial and commercial development of the region, it added.
After Saudi Arabia
New Delhi: Days after India signed an energy agreement with Saudi Arabia, Union minister for new and renewable energy (MNRE) R.K. Singh on Friday said that the United Arab Emirates (UAE) has also evinced interest in having grid connectivity with India.
On 10 September, India and Saudi Arabia signed a Memorandum of Understanding on cooperation in the field of energy, which also included cooperation in grid connectivity.
Singh said that connecting India's power grid with that of Saudi Arabia and the UAE would help India supply power to Europe as the European grid would also be connected to the grid in the West Asian region.
The minister said that the energy pact would encourage cooperation in the field of renewable energy, green hydrogen, good ammonia, among others. He said that finance from Saudi funds may be cheaper for India projects and the pact would also help Indian green energy companies to set up plants in Saudi Arabia.
The pact would help boost bilateral investment in the field of hydrogen and storage, and oil and gas, according to a statement released on 11 September. Carbon capture, utilization and storage were also covered under the MoU.
Both the countries would also cooperate in promoting digital transformation, innovation and cyber-security and artificial intelligence in the field of energy and develop qualitative partnerships to localize materials, products and services related to all sectors of energy, supply chains and its technologies.
"The MoU will develop a stronger partnership between India and Saudi Arabia in the field of energy. The MoU will support India's efforts for energy transition and transformation of global energy system towards combating climate change," the statement had said.
Source: Live Mint
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Net profit rises 23% to ₹4
NTPC Q1 Results: NTPC announced its April-June quarter results for fiscal 2023-23 (Q1FY24) on July 29, reporting a rise of 23 per cent in consolidated net profit at ₹4,907 crore, compared to ₹3,977.7 crore in the corresponding period last year. The state-owned power generator's revenue from operations in the first quarter of current fiscal stood at ₹43,075.09 crore, marginally lower compared to ₹43,177.14 crore in the year-ago period.
The total income of the company during the June quarter stood at ₹43,390 crore compared to ₹43,561 crore in the year-ago period. The operating margin during the June quarter stood at 20.72 per cent, compared to 17.67 per cent in the year-ago period.
"The comparative figures for the quarter ended 30 June 2022 are restated on account of merger of two wholly-owned subsidiaries in the previous year for which accounting has been done," NTPC said in a regulatory filing to the stock exchanges.
The public-sector undertaking (PSU) reported total coal produced from captive mines-commercial in the June quarter at 6.24 million metric tonnes (MMT), registering a growth of 52.2 per cent, compared to 4.10 MMT in the same quarter last year. The company's total installed capacity in the quarter-under-review came in at 57,038 megawatts (MW), compared to 57,119 MW in the year-ago period.
NTPC generated 103.98 billion units (BU) in Q1FY24, compared to 104.42 BU in Q1FY23. NTPC recorded gross power generation of 88.55 BU in Q1FY24, which is 2.16 percent lower as against 90.50 BUs in the same period a year ago.
NTPC coal stations achieved a plant load factor of 77.43 per cent, compared to a national average of 70.38 per cent in the year-ago period. The company has not started commercial operations at the second unit of 660 megawatts of stage 1 of its 3,300 MW Barh Super Thermal Power Project in Bihar.
‘'During the quarter ended 30 June 2023, 10 MW solar PV plant at Gandhar, 100 MW Nokhra solar PV plant of NTPC Green Energy Limited at Bikaner and one thermal unit of 660 MW Maitree Super Thermal Power Plant at Bangladesh of Bangladesh-India Friendship Power Company (Pvt.) Limited (BIFPCL) have been declared commercial,'' said NTPC in its exchange filing.
On July 28, shares of NTPC settled 3.96 per cent higher at ₹210 after hitting its 52-week high peak of ₹210.40 apiece on the BSE.
Source: Live Mint
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