A common problem for manufacturing units as they mature is the question of repairing or replacing their machinery. The solution to the decision generally depends on various factors like finances, the residual life of the machinery, the stage at which the products produced through these machines are in the product cycle, and finally on how productive is the machine vis-à-vis the latest ones available in the market.If new machinery can lower the cost of production, the next question is whether the old machines can be refurbished and cost differential narrowed. At the end of the day, it is a financial decision for the company.The domestic power sector is at present facing the same set of questions. The old power plants are not only costly to operate but they are also polluting. These plants would need to be retrofitted and designs changed to lower the cost of power generation. Also, additional equipment will have to be installed to meet the environmental norm.Close A news … [Read more...] about Old power plants: A lifeline for power generating equipment sector
Sierra pacific power
The global economy is recovering at a snail’s pace. However, there are structural changes underway. Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.As the world is adapting to this change, India continues to grapple with the issues facing electricity generation and consumption. The government is striving to provide power to every household in the country but is still not able to get the supply side equation right.Though renewable power is attracting a lot of interest, it has become a victim of its own success. The sharp reduction in renewable power tariff resulted in state electricity boards demanding lower tariffs to align with these rates from older units. Add to that the ongoing confusion in policy and we have a sunrise industry eclipsed by unclear policies.Close The bigger mess, however, is in thermal power. A report by industry body … [Read more...] about COMMENT: Stressed power plants need enforceable PPAs, everything else is hogwash
Shishir AsthanaMoneycontrol ResearchEconomic wisdom suggests that a bulk consumer or a bulk buyer is able to get a discount on his purchases, compared to the retail or small consumer. That is the way markets world operate — buy cheaply in bulk and sell dearer in retail. E-commerce firms have taken that concept to a completely different level.Strangely, this basic logic does not work in Indian power sector. Over here, the retail consumer avails electricity at the lowest cost while the bulk consumer pays the most and ‘cross-subsidises’ the smaller consumers.Close In rural India, the bulk consumer who are generally the industry and institutions, pay more so that small consumers are charged less or even nothing, as in the case of agriculture consumers. In cities, it is the small consumer who is asked to pay the least. Tariff is based on consumption where various slabs are set by the electricity boards depending on the units consumed. related news Govt … [Read more...] about Sparing large power consumers of cross subsidy is good, but who will foot the bill?
That’s not a UFO on the roof of the Art Institute of Chicago. Lunar, a solar-powered, spacecraft-looking sculpture by artist Spencer Finch, is shaped like a “buckyball”–named for the geodesic dome invented by the architect Buckminster Fuller–-and glows with the light of a full moon over Chicago. Finch measured the amount of moonlight in the city during the summer using a colorimeter, a device that measures the average color and temperature of light in a specific place and time. The luminosity is reconstructed using LED lights that have a bluer quality and filtered through the orange polycarbonate of the buckyball. The aluminum structure contains solar panels that collect sunlight during the day that it converts to moonlight over the darkened autumn and winter months. Finch has done this sort of thing before. His 2003 work Moonlight replicated the light of a desert full moon that shone over a county in New Mexico one July evening. But the preparations for … [Read more...] about Roof Sculpture, Inspired By Buckyballs, Uses Solar Power To Emit Moonlight
As reports of banks flouting guidelines to aid interests of promoters and commercial entities continue to pour in, another case emerged on Thursday as CBI registered a case against Vadodara-based M/s Diamond Power Infrastructure Ltd (DPIL).Its director SN Bhatnagar and his two sons have allegedly defrauded 11 banks to the tune of Rs 2654 crore.According to latest reports, CBI has started conducting searches at its corporate office, two factory premises and at three residences of its founder, Managing Director and Joint Managing Director.Close DPIL is engaged in the production of cables and other electrical equipment. related news This week in Auto: Electric bike prices finally match petrol counterparts; Bajaj’s Chetak to be base for KTM Not a fee hike, what JNU needs is an alumni funding network Airtel & Vodafone oppose IUC removal even as industry, TRAI favour new regime: Report Notably, loans were given despite this entity being blacklisted by RBI.It … [Read more...] about Bank-promoter nexus saga: CBI registers case against M/s Diamond Power Infrastructure