Abengoa wins its first transmission project concession in India

Source: abengoa.es, Jul 15, 2014

1Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been awarded its first concessions project for two electricity transmission lines in Asia, specifically in India. The project is worth a total of $69 million and will benefit around ten million people.

Abengoa will be responsible for engineering, designing and constructing two transmission lines totaling 134 km, as well as operating and maintaining them for a 25 year period for Torrent Power Ltd, with the possibility of extending this by an additional ten years. Construction is expected to start at the end of this year, with an estimated completion time of 38 months from the awarding of the project.

The first concession is a 400 kV line covering 113.7 km, of which 4.4 km are underground, which will connect Dahej with the city of Vadodara. The second line will have a 220 kV capacity and be 20.62 km long, running between the district of Bhestan and the city of Navsari. Both lines are located in the state of Gujarat and will provide the Vadodara and Navsari districts with a quality energy supply under this concession.

Abengoa has carried out numerous projects in India and was recently awarded a contract for an 800 kV high voltage line covering 400 km. The company also has a plant with the capacity to produce 30,000 tons/year of metal tower structures and solar supports in the city of Halol, an industrial region some 30 kilometers from the city of Vadodara in the state of Gujarat (India).

This new project will consolidate Abengoa’s position as an international leader for electricity transmission and distribution projects, a sector in which it has constructed more than 25,000 km of lines around the world over the last ten years.


Source: asian-power.com, Oct. 4, 2013

EXTC0536Asian Power Awards 2013 hails outstanding power companies in Asia Nearly 100 executives from power companies gathered for the awards night. Now on its 9th year, Asian Power Awards 2013 recognized the best initiatives and projects in Asia. The ‘Oscars’ of the power industry held in Bangkok, Thailand was graced by nearly 100 key executives from exceptional companies in the industry who relentlessly strive for great quality and excellence in their respective categories. The judges were John Goss, Managing Director at Ceejay International; Narayan Bhat, Head, Power Asia at Lloyd’s Register Group; and John Yeap, Partner and Head of Energy – Asia at Pinsent Masons. Addressing the winning companies during the awards night, Yeap said, “We are always impressed by your nominations every year and the projects have been improving significantly. Congratulations to all the winners.” Asian Power congratulates the companies who made it to this year’s Asian Power Awards. The winning companies are:

Solar Power Project of the Year
Gold – Pratapghar 9 MWp Solar Power Plant powered by Integrated Coal Mining Limited
Silver – 100kW Offgrid Hybrid Inverter HITC for island electrification powered by Zigor HK Ltd.
Bronze- SPP2, SPP3, SPP4, and SPP5 Tracking Solar Power Plants powered by Electricity Generating Public Company Limited [EGCO]

Innovative Power Technology of the Year
Gold – Achievement of trouble-free operation during 3,000days powered by Korea Southern Power Co., LTD
Silver – Ongrid/Offgrid Three Phase Hybrid System HITD powered by Zigor HK Ltd.
Bronze – Improving power system efficiency with Fast Flexible Power – Case Thailand. Powered by Wärtsilä

Isolux Corsán awarded new contracts in India amounting to 175 M€

Source: isoluxcorsan.com, Sept 30, 2013

Isolux Corsán has been awarded 6 new contracts for the construction of different infrastructures in India, where the Company totalling the amount of 175 M€.

The Company will be enlarging and improving 88 kilometres of roads in Odisha State (between the communities of Chandbali, Bhadrak and Anadpuren) with an anticipated budget of 36.5 M€.

 Isolux Corsán has also been awarded three contracts for the improvement and construction of new facilities in the Delhi Metro. The Group’s experience in this country’s railway industry was decisive for the award of these contracts, given that it has projects for this type of infrastructures under way in the most important cities in the country, such as the substations for the Bombay commuter train network or installing the third rail for the Calcutta metro system.

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Zara Group’s Massimo Dutti set to check in

Source: Business Standard, Aug 21, 2013

Mumbai: International fashion brand Massimo Dutti is expected to set up stores in India soon.
The proposal of the brand from Spain’s Zara stable is listed for the Foreign Investment Promotion Board (FIPB) meeting next Tuesday.

The application has been made by Grupo Massimo Dutti SA, which operates as a subsidiary of the euro 13.8-billion Spanish retail chain Industria de Diseno Textil SA (Inditex), which owns the Zara and Massimo Dutti brands, among others.

In 2011, Inditex had announced a joint venture with Tata’s Trent to launch Massimo Dutti stores in India but the plan ran into hurdles over brand ownership norms.

FIPB, a key wing in the finance ministry that vets foreign investment applications, had rejected the group’s proposal to open Massimo Dutti stores in India in June 2012, citing violation of a rule framed by the department of industrial policy and promotion (DIPP), which says an investor must own the brand it is proposing to bring to India.

Last year, in the case of Massimo Dutti, the application was made by Zara Holdings Netherlands.

Subsequently, the government relaxed the norms on brand ownership requirement.

According to the current policy, the investor entity should have a legally tenable licence agreement with the brand owner.

An email questionnaire sent to the Inditex group did not elicit a response. Trent executives could not be contacted for comments.

Inditex already has its flagship Zara stores in India through a 51:49 joint venture with Trent.

Inditex, which has over 5,600 stores in eight formats around the world, had signed an agreement with the Tata group in February 2009 to form the joint venture to launch Zara outlets in India and opened the first store in 2010.

Currently, there are Zara outlets across Mumbai, Pune, Bangalore and Delhi.

Globally, the eight formats that Inditex operates are Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterque. Massimo Dutti had 573 stores across 50 countries as of the end-2011.

Wind turbine manufacturer Gamesa plans to raise local sourcing level to 85 pc

Source: The Economic Times, Nov 15, 2012

CHENNAI: Wind turbine manufacturer Gamesa is planning to increase the local sourcing level of its products to 85 per cent from next year, a top official said today.

The Chennai-based manufacturer currently source about 70 per cent of materials locally, Gamesa India Chairman and Managing Director Ramesh Kymal said.

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Spanish major Gestamp to set up 100 MW solar plant in TN

Source: The Hindu Business Line, Nov 07, 2012

Chennai: Spanish engineering and renewables major Gestamp intends to put up a 100-MW solar photovoltaic project in Tamil Nadu, but in phases.

Southern Solar Pvt Ltd, a joint venture of Gestamp and the Chennai-based Zynergy group, will put up the first 25 MW by March. Gestamp has 70 per cent stake in the joint venture. (Typically, a solar project calls for an investment of Rs 9 crore per MW.)

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Gamesa India gets order to supply wind turbines to ReNew Power

Source: The Economic Times, Aug 23, 2012

MUMBAI: Gamesa India has bagged an order to supply wind turbines totaling 74.65 megawatts to Goldman Sachs-backed ReNew Power’s Jath project in Maharashtra.

Gamesa will supply and commission 25 units of its ‘G97′ model totaling 50 mw. It will also supply and commission ‘G58′ models of 850 kilowatts each totaling 24.65 mw, the wind turbine maker said in a release.

Gamesa said that the order would be executed by March.

ReNew Wind, promoted by Sumant Sinha, who was earlier the chief operating officer of Suzlon Energy, plans to operate 1,000 mw of wind energy capacity by 2015. In 2011, Goldman Sachs acquired majority stake in the company for Rs 1,000 crore.



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