BHEL EXCELS IN GLOBAL FORAYS
Bharat heavy Electricals Limited (BHEL) has been stretching its wings globally, making its mark in a new era of inclusive growth and co-operation in the region. To start with, the Indian megacorp just recently commissioned successfully the 500 MW Kosti Thermal Power Station in Sudan, which today is the country’s largest power plant. BHEL executed the project on Engineering, Procurement and Construction (EPC) basis, having designed, manufactured, supplied and installed the complete power project (4 units of 125 MW each) including all associated civil works. The company has also constructed a canal from the White Nile River to supply water for the project, which was funded by GoI’s US$ 350 million Line of Credit.
During the Hon’ble PM, Narendra Modi’s recent visit to Kazakhstan, BHEL signed 3 MoUs with Kazakh companies. Kazakhstan remains the cornerstone of BHEL’s CIS operations with its regional office located in Almaty. Five BHEL made Gas Turbine Generators (42 MW each) are already installed at the Tengizchevroil complex in Atyrau. BHEL has been rapidly increasing its focus on the CIS region having successfully executed orders in Azerbaijan, Belarus, Georgia, Kazakhstan and Tajikistan. The BHEL supplied Grodno Combined Heat & Power Plant-2 in Belarus was recently dedicated to the Republic of Belarus and its citizens by Pranab Mukherjee, Hon’ble President of India and Alexander Lukashenko, Hon’ble President of Belarus.
NTPC PLANNING 3,000 MW CAPACITY ADDITIONS AT TALCHER
State-owned NTPC has said Talcher in Odisha will become a power hub with the PSU planning around 3,000 MW of capacity addition there. “Recently I was in Odisha and the Chief Minister wanted that we should do expansion in Talcher. We have two stations there. One is a Super Thermal Power station and one is Talcher Thermal Power Station,” NTPC Chairman and Managing Director Arup Roy Choudhury told reporters in the national capital. He was speaking during the sidelines of the signing of a MoU between the NTPC School of Business and Nanyand Business School (NBS), Singapore. “At Talcher Thermal Power station we are planning to add 1,320 MW. In the super thermal power station we are planning to add another 1,600 MW. So what will essentially happen is that in that area itself there will be almost 3,000 MW of capacity addition … So it will become a power hub in Odisha …,” said Choudhury.
ONGC TO INVEST INR 41,678 CRORE TO BOOST OUTPUT
State-owned ongc (The Oil and Natural Gas Corporation) will invest INR 41,678 crore for bringing to production newer oil and gas fields and redeveloping aging fields as it looks to boost output. The company, which produced 25.94 million tonnes of crude oil and 23.52 billion cubic meters of gas in 2014-15, is boosting investment to reverse the declining trend in output at the bulk of its old and aging fields. “ONGC will invest INR 24,188 crore in development of six projects both on the east and west coast. Another INR 17,490 crore will be spent on redeveloping its prime Mumbai High fields, as well as Heera – South Heera fields in the western offshore”, a top company official shared with the media. The biggest project is the western offshore Daman field development, where INR 6,086 crore is being invested to produce 27.67 billion cubic meters (bcm) of gas by 2034-35.
BPCL RAISES US$ 500 MILLION TO FUND CAPEX
State-owned Bharat Petroleum Corporation Limited (BPCL) declared recently that it has raised US$ 500 million through fixed-rate unsecured notes to fund its capital expenditure. “BPCL has launched an issue of US$ 500 million fixed-rate unsecured notes due 2025, which were priced on April 29,” the company said in a BSE filing. The 10-year notes will bear a fixed interest of 4 percent with interest payable semi-annually, the company added. BPCL said that the notes will be listed on the Singapore Stock Exchange and the proceeds will be used for capital expenditures purposes. Shares of BPCL were trading at INR 776.90 apiece, up 2.81 percent on the Bombay Stock Exchange.
MMTC PLANS TO IMPORT LNG
The Metals & Minerals Trading Coperation of India (MMTC) now plans to import Liquefied Natural Gas (LNG) from the spot market to meet fuel demand of a fertilizer plant, according to the state-run megalith’s CMD Ved Prakash. MMTC wants to capitalize on international gas prices halving to about US$ 7-8 per million BTU (British Thermal Unit) and import LNG in ships at spot or current rates. “LNG prices were ruling at US$ 18-20 … now is it quite economical for the fertilizer industry,” says Ved Prakash. “A fertilizer company, to whom we were supplying potash, had approached us for arranging LNG. Since their requirement was urgent so we immediately tied up with GAIL as they have the LNG import terminal at Kochin in Kerala” Prakash said, without naming the fertilizer plant.