#AdaniPower's wholly owned subsidiary #MahanEnergen enteres into 20-year power purchase agreement for 500 MW with #RelianceIndustries.
NDTV Profit’s Post
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Technical Services at Adani Power (MEL), Ex- Jindal India, Ex- Jaypee Nigrie, Ex- Aditya Birla Chemicals
Adani Power arm-Mahan Energen and RIL ink exclusive long-term power purchase pact According to the exchange filing, one unit of 600 MW capacity of MEL’s Mahan thermal power plant, out of its aggregate operating and upcoming capacity of 2800 MW, will be designated as the Captive Unit for this purpose. Mahan Energen, a wholly owned subsidiary of Adani Power has inked a 20-year long-term Power Purchase Agreement (PPA) for 500 MW with Reliance Industries (RIL), under the Captive User policy as defined under the Electricity Rules, 2005. This is an exclusive arrangement for 500 MW of power purchase by Reliance Industries. According to the exchange filing, one unit of 600 MW capacity of MEL’s Mahan thermal power plant, out of its aggregate operating and upcoming capacity of 2800 MW, will be designated as the Captive Unit for this purpose. In order to avail the benefit of this policy, RIL has to hold a 26% ownership stake in the Captive Unit in proportion to the total capacity of the power plant. It will accordingly invest in 5000 crore equity shares of MEL, aggregating to Rs 50 crore for the proportionate ownership stake.
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Tata Power Solar Systems & SIDBI sign MoU to offer easy financing to MSMEs for solar adoption. #stockmarkets #tatapower #ratantata #stockmarkets #stockmarketinvesting #Stocks #stockmarketeducation #stockmarketnews #sharemarketanalysis #sharemarket #investors #invsetment #investing #nifty50 #nse #bse #Bharat
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Oil, as a vital energy source, demands efficient exploration, production, and distribution. Rugged Monitoring aids refineries in the efficient monitoring of electrical assets through advanced technology. Our products and solutions provide valuable insights for proactive maintenance, reducing the risk of catastrophic failures. 👉 Click here to learn more: https://bit.ly/3FP4ALR #conditionalmonitoring #oilrefineries #electricalassets #ruggedmonitoring #assetcomonitoringsolution
Improved Asset Performance for Refineries Through Early Fault Detection
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CEO, Sovrenn.com | Ex- Vice President, Lenskart | Ex-Project Leader BCG | IIT Delhi Silver Medallist | IIM Calcutta Alumni
This is HUGEEEEE !!! KP Energy Ltd. got ~1000 Cr order last week KP Energy got a 450 MW order last week from NTPC Limited (which is itself a top quality PSU). The order translated to monetary value is ~1000-1200 Cr to be executed in 2 years, which roughly translates to 500 Cr order execution per year (PS: There is always some execution risk) The annual revenue of KP Energy Ltd. was ~450 Cr in FY 23. Can you make an estimate of revenue for FY 24 ? You have data for this order and you can find more data at Sovrenn as you search the company. Once you estimate revenue, please use the PAT margin to estimate the Profit after Tax as well. Keep reading Sovrenn Times and become an informed investor. High quality information is the power of Sovrenn
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#MorningIndia | Your daily News tracker! ☕ ✅ Tata Power and NHPC subsidiaries collaborate on solar projects ✅ LNG imports up 11% in June on higher power unit demand ✅ Tracking daily targets to monitor BSNL's progress #Tata #NHPC #LNG #BSNL #StockMarket #ShareMarket #ShareMarketIndia #IndianShareMarket #IndianStockMarket #FinanceNews #Finance101 #Finance #IndianFinance #MotilalOswal
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#HotOffThePress - We are happy and proud to announce that we’ve secured a 12-year agreement extension with Sindh Nooriabad Power Company, a Pakistan-based independent power producer.🤝 The Operation & Maintenance agreement has been in place since 2017, and the extension reflects the customer’s satisfaction with our services. The agreement covers the SNPC 1 and 2 power plants with a combined output of 100 MW. Both plants have five Wärtsilä 34SG gas engines and one steam turbine generator for engine heat recovery. What is significant is that these plants operate on local gas, which reduces fuel costs.💡 We have a strong presence in Pakistan with an installed base of 2.3 GW in power plants, of which 910 MW are covered by service agreements. Read more in our latest press release.👉https://wartsi.ly/3tN85A6 Wärtsilä Energy | #Pakistan #services #EnergyTransition #LifecycleSolutions #PressRelease
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🌡️ The McArthur River Mine, one of the world's largest zinc providers, faces the intense heat of Northern Territory, Australia, with temperatures reaching up to 45°C. The mine needed a reliable power supply to meet high load acceptance requirements and ensure operational efficiency. Global energy producer EDL supplies power to the mine in partnership with Wärtsilä, a trusted partner for years. How did we together overcome these challenges and deliver outstanding results? ⚡ Our solution: ✅ Delivered six Wärtsilä 20V34SG gas engines with a total output of 53 MW ✅Multi-unit plant design for flexibility in load variations while maintaining maximum efficiency ✅A 10-year service agreement for technical support, condition-based maintenance, and maintenance planning, adaptable to the customer's changing needs. The benefits: 💡 High power output and fuel efficiency, resulting in the lowest levelised cost of electricity over the mine’s lifetime 💡 Maximised availability, reliable electricity supply, and reduced operating costs. Learn more about the reference case: https://wartsi.ly/4fckxMP #EnergyTransition #PowerGeneration #MiningIndustry
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Today we post our updated Roblon A/S One-pager following the 2022/23 annual results. The company looks towards a return to topline growth in 2023/24 driven by continued strength in its Composite segment and stabilisation of its FOC activities after a year marked by demand weakness in Roblon's largest segment FOC. Roblon is a Danish company that makes high-performance fiber solutions for various industries, including fiber optic cables, oil & gas, and energy transmission cables. Over the long term, demand is driven by increased demand for data transmission, 5G, and the US Infrastructure Bill, as well as elevated offshore oil & gas activities and the green energy transition. For deeper insight into Roblon's investment case, key investment risks, key investment reasons, and valuation relative to its peer group read the full one-pager. You can also catch up on the latest presentation of the annual results 2022/23, hosted with Roblon CEO, Lars Østergaard. Link to presentation of annual results 2022/23: https://lnkd.in/dKTpGT3y Link to One-pager: https://lnkd.in/eR8Fijhz Disclaimer: HC Andersen Capital receives payment from Roblon for a DigitalIR/corporate visibility subscription agreement./Philip Coombes 16:00 12.01.2024.
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Coro Energy Plc (AIM:CORO) chief financial officer Ewen Ainsworth speaks to Thomas Warner from Proactive after the South East Asian-focused #energy company announced major step towards the development of the Mako gas field in the Natuna Sea, Indonesia. Coro has a 15% participating interest in the Duyung PSC which hosts Mako and Ainsworth explains that project operator WNEL has now signed a non-binding term sheet with Sembcorp Gas for a long-term #gas sales agreement for the Mako gas field, and, significantly, Coro noted that the agreement has been endorsed by SKK Migas, the Indonesian #petroleum upstream regulator. The agreement is pivotal for the project's goal of producing and selling gas, ensuring returns for shareholders. Ainsworth says that the de-risking process is on track, targeting a field investment decision by end-2023. Watch at #Proactive #ProactiveInvestors #AIM #CORO http://ow.ly/7WMQ104U0kS
Coro Energy CFO reports on major step forward at Mako
proactiveinvestors.co.uk
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A 7% increase in net profit was announced in the June quarter by Adani Total Gas Ltd, the joint venture between Adani Group and Total Energies, a French energy behemoth, owing to increased sales of compressed natural gas. Net profit for April through June was Rs 148 crore, up from Rs 138 crore in the same period last year. At 198 million standard cubic meters, the company sold 8% more petrol during the quarter. of which CNG sales increased by 18%. • To learn more about this Einfews story, please visit: https://bit.ly/3qcNNhx • For more Einfews stories on the power sector, visit Eninrac’s Einfews: https://bit.ly/3OcLLXY • To subscribe for more updates, mail us at: connect@eninrac.com #CNG #Einfews #TotalEnergies #NaturalGas #India #Petrol #AdaniGas #conventionalenergy #Jointventure
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