Chennai: Wind Power company Gamesa Wind Turbines has won an order to set up a 54 MW wind power project for a power & utility development company in Andhra Pradesh.
Under this contract Gamesa would be supplying 27 units of 2 MW turbines at Tagguparthi, Andhra Pradesh. The commissioning is scheduled to be completed by May 2014. Gamesa would be responsible for site development, supply & commissioning of the turbines. The agreement also includes a comprehensive Operations & Maintenance (O&M) agreement for 10 years, a statement from the company said.
"With the GBI (generation based incentives scheme) now in place, we look forward to a very promising future," said Ramesh Kymal, Chairman and Managing Director of Gamesa India.
Gamesa is also working on setting up a 46 MW wind power project in the same district of Tagguparthi, Andhra Pradesh for ITC Paperboards and Specialty Papers Division.
The orders come at a time when the wind power market in India is tepid with capacity additions last year falling to 1700MW compared with 3200MW in 2011.Capacity additions, however, are expected to pick up over the next few months after the central government recently reinstated the GBI scheme where companies will be paid an incentive of 50paise for every unit of wind power they generate.
Gamesa India has so far installed more than 900 MW along with managing the operation and maintenance services on these turbines. It also has on hand orders for about 1000 MW, about 600 MW of which will be commissioned this year and the rest carried forward for next year. The company also manages capacity of more than 800 MW under O&M agreements.
Success in my Habit
Sunday, October 20, 2013
Germany eyes skilled talent from India
Pune: Germany is looking to attract skilled talent from India. In the near future, the country would face a dearth of skilled human resources, especially in manufacturing and engineering sectors, its core strength.
The reason? In the next few years, half the German population would be aged more than 60.
Speaking to Business Standard, Michael Siebert, consul general of the German Consulate in Mumbai, said, “Due to demographic issues, half the German population would be aged more than 60. We need at least 40,000 skilled employees for various sectors, especially engineering. India has a lot of job opportunities in Germany. It has a lot of quality young people who would have a lot of opportunities, not only in manufacturing and automobiles, but also in service sectors such as finance, insurance, information technology, entertainment, publication and emerging sectors such as hospitality.”
Initially, German companies are eying local talent for their Indian subsidiaries. They plan to relocate the hired lot to Germany for a few years, in due course of time. The companies also have a similar policy for markets such as Poland and Brazil. A few German universities are attracting Indian students for research-based or doctoral studies. However, Germany does want to turn itself into an education market like the UK or Australia. This is because it seeks to enroll only quality students.
Germany is organising job fairs in India under the programme ‘Trained in GermanY’. In this, it is aided by the Indo-German Chamber of Commerce, Pune, and Alumniportal Deutschland, the German ministry for economic cooperation and development and the federal foreign office.
Siebert said research departments in Germany were affected by the shortage of skilled employees. Also, in the BRICS (Brazil, Russia, India, China and South Africa) countries, there was increasing demand and competition for young and educated people. German companies located in BRICS nations valued local employees who had studied or been trained in Germany, particularly because they were familiar with the German economy, culture and language, he said.
Currently, trade between India and Germany stands at euro 18 billion. Also, there is a lot of technology and knowledge transfer between the two countries. So far, German companies have invested euro 3 billion in India and provided employment to about 5,00,000 Indian nationals.
Zubin Kabraji, regional director, Indo-German Chamber of Commerce, Pune, said about 300 German companies had set up businesses in Pune. The total investment by these companies here stood at about euro 1 billion. The city also accounts for about 175 joint ventures between Indian and German entities. Most investments are in the manufacturing and automobile sectors.
Alumniportal Deutschland is an online community for people who have studied, conducted research, worked or received training in Germany or at a German institute abroad. On this portal, members can create and maintain professional profiles, take part in discussions and apply for job vacancies. Organisations and companies can create and maintain their profiles, put up job vacancies and scout for candidates for vacancies.
The reason? In the next few years, half the German population would be aged more than 60.
Speaking to Business Standard, Michael Siebert, consul general of the German Consulate in Mumbai, said, “Due to demographic issues, half the German population would be aged more than 60. We need at least 40,000 skilled employees for various sectors, especially engineering. India has a lot of job opportunities in Germany. It has a lot of quality young people who would have a lot of opportunities, not only in manufacturing and automobiles, but also in service sectors such as finance, insurance, information technology, entertainment, publication and emerging sectors such as hospitality.”
Initially, German companies are eying local talent for their Indian subsidiaries. They plan to relocate the hired lot to Germany for a few years, in due course of time. The companies also have a similar policy for markets such as Poland and Brazil. A few German universities are attracting Indian students for research-based or doctoral studies. However, Germany does want to turn itself into an education market like the UK or Australia. This is because it seeks to enroll only quality students.
Germany is organising job fairs in India under the programme ‘Trained in GermanY’. In this, it is aided by the Indo-German Chamber of Commerce, Pune, and Alumniportal Deutschland, the German ministry for economic cooperation and development and the federal foreign office.
Siebert said research departments in Germany were affected by the shortage of skilled employees. Also, in the BRICS (Brazil, Russia, India, China and South Africa) countries, there was increasing demand and competition for young and educated people. German companies located in BRICS nations valued local employees who had studied or been trained in Germany, particularly because they were familiar with the German economy, culture and language, he said.
Currently, trade between India and Germany stands at euro 18 billion. Also, there is a lot of technology and knowledge transfer between the two countries. So far, German companies have invested euro 3 billion in India and provided employment to about 5,00,000 Indian nationals.
Zubin Kabraji, regional director, Indo-German Chamber of Commerce, Pune, said about 300 German companies had set up businesses in Pune. The total investment by these companies here stood at about euro 1 billion. The city also accounts for about 175 joint ventures between Indian and German entities. Most investments are in the manufacturing and automobile sectors.
Alumniportal Deutschland is an online community for people who have studied, conducted research, worked or received training in Germany or at a German institute abroad. On this portal, members can create and maintain professional profiles, take part in discussions and apply for job vacancies. Organisations and companies can create and maintain their profiles, put up job vacancies and scout for candidates for vacancies.
Centre eases eligibility criteria for UMPPs
New Delhi: Power sector investors have raised queries ranging from eligibility criteria to availability of clearances for two coming ultra-mega power projects (UMPPs) in the first pre-application conference held here on Tuesday.
Assuaging the concerns, the power ministry informed the corporates of the relaxation granted in the new bidding norms. “The total capital cost requirement, in order to qualify for setting up the plant, has been brought down to five per cent. Also, keeping the economic slowdown in mind, the expenditure incurred by the companies on projects in the past seven years will be counted,” said a senior power ministry official on the sidelines of the conference, organised by Power Finance Corporation (PFC), the nodal agency that conducts bidding for UMPPs.
PFC has issued requests for qualification for Odisha and Tamil Nadu UMPPs, whose financial bids will be opened in December. The projects would be awarded in February next year.
Earlier, the capital cost requirement for UMPPs used to be 10 per cent of the overall project cost. Also, the earlier norms took into account expenditure by prospective developers over five years.
PFC told the investors that in the new UMPPs, fuel risk is not with the developer and coal supply is assured in the Odisha project.
Apart from corporate heads, Tuesday’s meeting was attended by engineering, procurement and construction (EPC) contractors, equipment manufacturers, financial institutions and consultants.
PFC told the investors that in the new UMPPs, fuel risk is not with the developer and coal supply is assured in the Odisha project. Also, land and water clearances are already in place for both the UMPPs. In addition, the investors sought details of norms on eligibility for qualification and sourcing of equipment from indigenous manufacturers.
Assuaging the concerns, the power ministry informed the corporates of the relaxation granted in the new bidding norms. “The total capital cost requirement, in order to qualify for setting up the plant, has been brought down to five per cent. Also, keeping the economic slowdown in mind, the expenditure incurred by the companies on projects in the past seven years will be counted,” said a senior power ministry official on the sidelines of the conference, organised by Power Finance Corporation (PFC), the nodal agency that conducts bidding for UMPPs.
PFC has issued requests for qualification for Odisha and Tamil Nadu UMPPs, whose financial bids will be opened in December. The projects would be awarded in February next year.
Earlier, the capital cost requirement for UMPPs used to be 10 per cent of the overall project cost. Also, the earlier norms took into account expenditure by prospective developers over five years.
PFC told the investors that in the new UMPPs, fuel risk is not with the developer and coal supply is assured in the Odisha project.
Apart from corporate heads, Tuesday’s meeting was attended by engineering, procurement and construction (EPC) contractors, equipment manufacturers, financial institutions and consultants.
PFC told the investors that in the new UMPPs, fuel risk is not with the developer and coal supply is assured in the Odisha project. Also, land and water clearances are already in place for both the UMPPs. In addition, the investors sought details of norms on eligibility for qualification and sourcing of equipment from indigenous manufacturers.
Wednesday, October 16, 2013
Reliance Jio Infocomm to offer fixedline & wireless network services
Mumbai: Reliance Industries-owned Reliance Jio Infocomm will offer fixed and wireless broadband Internet connections when it launches services, the parent said in its quarterly earnings release on Monday.
The objective of offering fixed-line services comes with additional capital expenditure to connect locations with cables.
A person familiar with developments said the company has obtained local authority permissions to lay nearly 100 kilometres of optic fibre cables every day in Mumbai and Delhi. The company did not confirm this.
The release did say that Reliance Jio has been rapidly increasing staffing.
Its employee base over the last year has risen to 4,000 from 700. "The key leadership positions required to execute the project are in place," the company said. "RJIL has finalised the key vendor and supplier partnerships that are required for the launch of our services, and is making rapid progress in building the critical infrastructure needed to launch its services." Reliance Jio is the only company to have high-speed wireless broadband spectrum across the country.
The airwaves were bought for around Rs 13,000 crore in May 2010, at a significant discount to 3G acquired by operators such as Bharti AirtelBSE 1.17 %, Vodafone and Idea Cellular.
Earlier this year, the company entered into two deals with Anil Ambani-run Reliance CommunicationsBSE -0.56 % to lease national optic fibre connectivity and 45,000 towers.
The objective of offering fixed-line services comes with additional capital expenditure to connect locations with cables.
A person familiar with developments said the company has obtained local authority permissions to lay nearly 100 kilometres of optic fibre cables every day in Mumbai and Delhi. The company did not confirm this.
The release did say that Reliance Jio has been rapidly increasing staffing.
Its employee base over the last year has risen to 4,000 from 700. "The key leadership positions required to execute the project are in place," the company said. "RJIL has finalised the key vendor and supplier partnerships that are required for the launch of our services, and is making rapid progress in building the critical infrastructure needed to launch its services." Reliance Jio is the only company to have high-speed wireless broadband spectrum across the country.
The airwaves were bought for around Rs 13,000 crore in May 2010, at a significant discount to 3G acquired by operators such as Bharti AirtelBSE 1.17 %, Vodafone and Idea Cellular.
Earlier this year, the company entered into two deals with Anil Ambani-run Reliance CommunicationsBSE -0.56 % to lease national optic fibre connectivity and 45,000 towers.
14 projects cleared under coconut technology mission
Kochi: The Technology Mission on Coconut (TMOC) has cleared 14 projects at an outlay of Rs 19.25 crore and a subsidy of Rs 2.86 crore.
A decision in this regard was taken at the 41 {+s} {+t} meeting of the Project Approval Committee (PAC) on TMOC under the chairmanship of T.K. Jose, Chairman, Coconut Development Board.
Under the project component “Processing and Product Diversification”, proposals from 10 coconut processing units have been cleared. This includes setting up of five desiccated coconut powder manufacturing units, two tender coconut water units, one coconut shell charcoal unit, one coconut shell powder unit and one ball copra unit.
Three research projects are also among the approved projects. One unit has been approved for market promotional activities of coconut kernel products on reimbursement basis.
In Kerala, one unit has been given permission for producing desiccated coconut powder with a capacity to process 15,000 nuts a day.
In Karnataka, four units of desiccated coconut powder with a capacity to process 2,40,000 nuts a day and one TCW processing unit with a capacity to process 30,000 tender coconut a day have been approved.
In Tamil Nadu, one unit has been cleared for packing tender coconut water with a capacity to process 60,000 packets a day. Another unit has been allowed to produce coconut shell powder with a capacity to process 6.6 tonnes /day , while one coconut shell charcoal unit has been cleared with a capacity to process 3.24 tonnes/day.
In Andhra Pradesh, the panel sanctioned one ball copra unit with a capacity to process 60,0000 nuts/year
A decision in this regard was taken at the 41 {+s} {+t} meeting of the Project Approval Committee (PAC) on TMOC under the chairmanship of T.K. Jose, Chairman, Coconut Development Board.
Under the project component “Processing and Product Diversification”, proposals from 10 coconut processing units have been cleared. This includes setting up of five desiccated coconut powder manufacturing units, two tender coconut water units, one coconut shell charcoal unit, one coconut shell powder unit and one ball copra unit.
Three research projects are also among the approved projects. One unit has been approved for market promotional activities of coconut kernel products on reimbursement basis.
In Kerala, one unit has been given permission for producing desiccated coconut powder with a capacity to process 15,000 nuts a day.
In Karnataka, four units of desiccated coconut powder with a capacity to process 2,40,000 nuts a day and one TCW processing unit with a capacity to process 30,000 tender coconut a day have been approved.
In Tamil Nadu, one unit has been cleared for packing tender coconut water with a capacity to process 60,000 packets a day. Another unit has been allowed to produce coconut shell powder with a capacity to process 6.6 tonnes /day , while one coconut shell charcoal unit has been cleared with a capacity to process 3.24 tonnes/day.
In Andhra Pradesh, the panel sanctioned one ball copra unit with a capacity to process 60,0000 nuts/year
14 projects cleared under coconut technology mission
Kochi: The Technology Mission on Coconut (TMOC) has cleared 14 projects at an outlay of Rs 19.25 crore and a subsidy of Rs 2.86 crore.
A decision in this regard was taken at the 41 {+s} {+t} meeting of the Project Approval Committee (PAC) on TMOC under the chairmanship of T.K. Jose, Chairman, Coconut Development Board.
Under the project component “Processing and Product Diversification”, proposals from 10 coconut processing units have been cleared. This includes setting up of five desiccated coconut powder manufacturing units, two tender coconut water units, one coconut shell charcoal unit, one coconut shell powder unit and one ball copra unit.
Three research projects are also among the approved projects. One unit has been approved for market promotional activities of coconut kernel products on reimbursement basis.
In Kerala, one unit has been given permission for producing desiccated coconut powder with a capacity to process 15,000 nuts a day.
In Karnataka, four units of desiccated coconut powder with a capacity to process 2,40,000 nuts a day and one TCW processing unit with a capacity to process 30,000 tender coconut a day have been approved.
In Tamil Nadu, one unit has been cleared for packing tender coconut water with a capacity to process 60,000 packets a day. Another unit has been allowed to produce coconut shell powder with a capacity to process 6.6 tonnes /day , while one coconut shell charcoal unit has been cleared with a capacity to process 3.24 tonnes/day.
In Andhra Pradesh, the panel sanctioned one ball copra unit with a capacity to process 60,0000 nuts/year
A decision in this regard was taken at the 41 {+s} {+t} meeting of the Project Approval Committee (PAC) on TMOC under the chairmanship of T.K. Jose, Chairman, Coconut Development Board.
Under the project component “Processing and Product Diversification”, proposals from 10 coconut processing units have been cleared. This includes setting up of five desiccated coconut powder manufacturing units, two tender coconut water units, one coconut shell charcoal unit, one coconut shell powder unit and one ball copra unit.
Three research projects are also among the approved projects. One unit has been approved for market promotional activities of coconut kernel products on reimbursement basis.
In Kerala, one unit has been given permission for producing desiccated coconut powder with a capacity to process 15,000 nuts a day.
In Karnataka, four units of desiccated coconut powder with a capacity to process 2,40,000 nuts a day and one TCW processing unit with a capacity to process 30,000 tender coconut a day have been approved.
In Tamil Nadu, one unit has been cleared for packing tender coconut water with a capacity to process 60,000 packets a day. Another unit has been allowed to produce coconut shell powder with a capacity to process 6.6 tonnes /day , while one coconut shell charcoal unit has been cleared with a capacity to process 3.24 tonnes/day.
In Andhra Pradesh, the panel sanctioned one ball copra unit with a capacity to process 60,0000 nuts/year
ONGC’s foreign arm to acquire 12% stake in Brazil block
Mumbai: ONGC Videsh Ltd (OVL), the foreign exploration arm of Oil and Natural Gas Corporation (ONGC), has signed definitive agreements to acquire an additional 12 per cent participating interest in block BC-10 in Brazil. This would increase OVL’s share in the acreage to 27 per cent.
In 2006, OVL had acquired 15 per cent interest in the offshore block in the Campos Basin of Brazil.
The deal is part of the sale of 35 per cent share made by Petrobras which, this August, entered into a deal with Sinochem to sell its 35 per cent interest in the block for $1.543 billion.
The other partners in the block include Shell, which is the operator with 50 per cent stake.
In a press statement, OVL said the acquisition of additional share in the block is subject to approval by the Brazilian anti-trust and regulatory authorities and the agreement was subject to pre-emption rights of the partners Shell and OVL. On September 17, the two companies served a notice to jointly acquire 35 per cent, in which 12 per cent interest corresponds to OVL.
On October 11, in a follow-up to the pre-emption notice, OVL signed sale and purchase agreements with Petrobras for a 12 per cent interest which is likely to cost $529.03 million.
The Block BC-10, also known as Parque das Conchas, includes four offshore deep-water fields — Ostra, Abalone, Argonauta and Nautilus — and a few identified exploration prospects. The block is in the deep-waters of Brazil in the water depths ranging from 1,500 to 1,950 meters and 120 km from Vitoria town on the shore. The licence for the fields expires in December 2032.
In a separate development, OVL has been awarded two onshore blocks, namely B2 (Zebyutaung-Nandaw) and EP-3 (Thegon-Shwegu) in the Myanmar Onshore Bidding Round 2013. Block B-2, having an area of 16,995 sq km, is located in northern Myanmar, bordering Manipur, and the 1,650-sq km Block EP-3 is located in central Myanmar.
OVL has a decade-old presence in the exploration and production sector of Myanmar, with 17 per cent non-operating stakes in the fields Shwe & Shwe Phyu (Block –A1) and Mya North & Mya South (Block A3), with a total investment of $565 million as on September 30. Myanmar is one of the focus countries for OVL.
In 2006, OVL had acquired 15 per cent interest in the offshore block in the Campos Basin of Brazil.
The deal is part of the sale of 35 per cent share made by Petrobras which, this August, entered into a deal with Sinochem to sell its 35 per cent interest in the block for $1.543 billion.
The other partners in the block include Shell, which is the operator with 50 per cent stake.
In a press statement, OVL said the acquisition of additional share in the block is subject to approval by the Brazilian anti-trust and regulatory authorities and the agreement was subject to pre-emption rights of the partners Shell and OVL. On September 17, the two companies served a notice to jointly acquire 35 per cent, in which 12 per cent interest corresponds to OVL.
On October 11, in a follow-up to the pre-emption notice, OVL signed sale and purchase agreements with Petrobras for a 12 per cent interest which is likely to cost $529.03 million.
The Block BC-10, also known as Parque das Conchas, includes four offshore deep-water fields — Ostra, Abalone, Argonauta and Nautilus — and a few identified exploration prospects. The block is in the deep-waters of Brazil in the water depths ranging from 1,500 to 1,950 meters and 120 km from Vitoria town on the shore. The licence for the fields expires in December 2032.
In a separate development, OVL has been awarded two onshore blocks, namely B2 (Zebyutaung-Nandaw) and EP-3 (Thegon-Shwegu) in the Myanmar Onshore Bidding Round 2013. Block B-2, having an area of 16,995 sq km, is located in northern Myanmar, bordering Manipur, and the 1,650-sq km Block EP-3 is located in central Myanmar.
OVL has a decade-old presence in the exploration and production sector of Myanmar, with 17 per cent non-operating stakes in the fields Shwe & Shwe Phyu (Block –A1) and Mya North & Mya South (Block A3), with a total investment of $565 million as on September 30. Myanmar is one of the focus countries for OVL.
IIM-A moves up The Economist B-school ranking list
Ahmedabad: The Indian Institute of Management-Ahmedabad on Monday said it was ranked 39th globally in The Economist full-time MBA Programmes Ranking 2013.
It has moved up from the 56th position last year in the top 100-B Schools’ list globally, a press statement here said.
IIM-A is the only Indian B-school to figure in the top 100 list for the last four years.
The Institute has made it to the fourth position in the Asia and Australasia 2013 rankings.
It is also ranked No 1 on criteria such as student quality, opening new career opportunities, percentage increase on pre-MBA salary, and percentage of students in work three months after graduation.
It has moved up from the 56th position last year in the top 100-B Schools’ list globally, a press statement here said.
IIM-A is the only Indian B-school to figure in the top 100 list for the last four years.
The Institute has made it to the fourth position in the Asia and Australasia 2013 rankings.
It is also ranked No 1 on criteria such as student quality, opening new career opportunities, percentage increase on pre-MBA salary, and percentage of students in work three months after graduation.
IIM-A moves up The Economist B-school ranking list
Ahmedabad: The Indian Institute of Management-Ahmedabad on Monday said it was ranked 39th globally in The Economist full-time MBA Programmes Ranking 2013.
It has moved up from the 56th position last year in the top 100-B Schools’ list globally, a press statement here said.
IIM-A is the only Indian B-school to figure in the top 100 list for the last four years.
The Institute has made it to the fourth position in the Asia and Australasia 2013 rankings.
It is also ranked No 1 on criteria such as student quality, opening new career opportunities, percentage increase on pre-MBA salary, and percentage of students in work three months after graduation.
It has moved up from the 56th position last year in the top 100-B Schools’ list globally, a press statement here said.
IIM-A is the only Indian B-school to figure in the top 100 list for the last four years.
The Institute has made it to the fourth position in the Asia and Australasia 2013 rankings.
It is also ranked No 1 on criteria such as student quality, opening new career opportunities, percentage increase on pre-MBA salary, and percentage of students in work three months after graduation.
Government plans to set up 2 spice parks in Uttrakhand
New Delhi: The Government of India plans to set up two spice parks at Sitarganj and Sahaspur in Uttrakhand with the help of Spice Board of India, said Mr Anand Sharma, Union Minister for Commerce and Industry, Government of India.
The spice park coming up at Sitarganj would be a step towards boosting both production and quality of spices in the state. The Sitarganj spice park will initially help in production of ginger on a large scale and later move on to turmeric and chilly production, said Mr Sharma.
The Government also plans to build a convention centre at Pantnagar near Sitarganj, for which Rs 15 crore have already been sanctioned, added Mr Sharma.
The Centre has also cleared two horticulture processing projects in Uttarakhand, stated Mr Sharma. One horticulture centre is scheduled to come up at Yamuna Ghati and the other at Harshil in Uttarkashi district.
Moreover, in order to boost investment in Uttarakhand, Rs 50 crore have been separately sanctioned for developing industrial infrastructure in the state, highlighted Mr Sharma
The spice park coming up at Sitarganj would be a step towards boosting both production and quality of spices in the state. The Sitarganj spice park will initially help in production of ginger on a large scale and later move on to turmeric and chilly production, said Mr Sharma.
The Government also plans to build a convention centre at Pantnagar near Sitarganj, for which Rs 15 crore have already been sanctioned, added Mr Sharma.
The Centre has also cleared two horticulture processing projects in Uttarakhand, stated Mr Sharma. One horticulture centre is scheduled to come up at Yamuna Ghati and the other at Harshil in Uttarkashi district.
Moreover, in order to boost investment in Uttarakhand, Rs 50 crore have been separately sanctioned for developing industrial infrastructure in the state, highlighted Mr Sharma
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