Opening of Technical Bids for Auction of Schedule III Coal Mines



Opening of Technical Bids for Auction of Schedule III Coal Mines 



The Tender Process for the Schedule III started on January 05, 2015 with the release of Tender Documents. As a part of auction process, Technical Bids, both online bids and offline supporting documents were opened today from 2:30 PM onwards in Scope Convention Centre, Scope Complex, New Delhi in the presence of Bidders.


In the first stage of the tender process, bidders submitted their technical bids on MSTC portal created for the purpose. Bidders were also required to submit separately a sealed envelope containing bank guarantee, power of attorney and the affidavit. The cut-off date for submission of technical bids was 2:00 PM, February 14, 2015.

The electronic bids were decrypted and opened electronically in the presence of bidders. Entire process was displayed on the screen for the bidders. Subsequently, sealed envelopes containing bank guarantee, power of attorney and affidavit were also opened in the presence of bidders. These bids will be evaluated by a multi-disciplinary Technical Evaluation Committee to shortlist bidders for participation in the electronic auction to be conducted on MSTC portal from February 25, 2015.

Annexure: Number of Bids

S.N.
Coal Mine
Number of Bids
1
Durgapur II/Taraimar and Durgapur II/Sariya*
2
2
Utkal-B1and Utkal B2*
Not Opened#
3
Mandakini
6
4
Utkal-C
16
5
Jitpur
4
6
Ganeshpur
10
7
Tara
10
8
Moitra
3
9
Rohne
5
10
Gare-Palma Sector-IV/8
13
11
Mandla-South
9
12
Dongeri Tal-II
3
13
Kosar Dongergaon
3
14
Nerad Malegaon
6
15
Marki Mangli-IV
2
16
Jamkhani
11
17
Brinda  and Sasai*
5
18
Meral
5
19
Dumri
9
20
Lohari
8

Total
130

*Two mines are combined for the purpose of these auctions

#Bids for the Mine were not opened as the matter is sub-judice.

Note: The list is indicative. Physical verification of supporting documents against each bid is still being carried out. The final List of mine-wise Bidder be published on MSTC’s website.


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Over 56000 Cases Involving more than Rs.265 Crores were Settled through National Lok Adalat for Bank Recovery 

Over 56000 cases were settled involving more than Rs.265 crores on Saturday (14.02.2015) through National Lok Adalat for bank recovery. Cheque bounce cases, particularly under Section 138 Negotiable Instruments Act were addressed in all courts at all levels from the Taluk Courts to the Districts Courts, High Courts in all states (excluding Assam & Uttar Pradesh) and the Supreme Court of India. 

This was organized under the patronage of Hon’ble Mr. Justice H.L.Dattu, Chief Justice of India and the dynamic leadership of Hon’ble Mr. Justice T.S.Thakur, Judge Supreme Court of India & Executive Chairman of the National Legal Services Authority (NALSA). The Banks and financial institutions and others who participated were able to arrive at final settlements of more than Rs.265 crores. 

Judges, Lawyers and various authorities including banks and financial institutions extended their full cooperation. 


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RE ROADMAP 2030 – NITI AAYOG’S FIRST INITIATIVE
The “Report India’s Renewable Electricity Roadmap 2030—Toward Accelerated Renewable Electricity Deployment” was released at the Renewable Energy Global Investors Meet & Expo (RE-INVEST 2015) here today. The report was brought out by NITI Aayog with support of CII, Shakti Sustainable Energy Foundation and RAP (Regulatory Assistance Project), a global non-profit group, talks about the current scenario of renewable energy in India and what needs to be done for its accelerated deployment to address energy security concerns.

Shri Piyush Goyal, Union Minister of State (IC) for Coal, Power and New & Renewable Energy, lauded NITI Aayog for the report and said that it has instilled a lot of hope for following more ambitious targets. “We need to create an enabling environment with respect to clearance, land acquisition and other regulatory support.” .

The Minister suggested that the land owners, who provide their land for setting up renewable energy projects, could be given a stake in the projects as an incentive. He urged NITI Aayog to help in creating some innovative model for the RE sector. He addressed the panelists while sitting in the audience. .

Commenting on the launch of the report, Smt Sindhushree Khullar, CEO, NITI Aayog- Govt of India stated that this is the first initiative of the Aayog. “Energy and renewable energy is a core area in India. We need to see actual movement on whatever the report suggests about,” said Smt Khullar. .

Mr Deepak Gupta, Senior Programme Manager- Power, Shakti Sustainable Energy Foundation, said that the report suggests possible roadmap to achieve ambitious targets in the renewable sector after assessing several best practices around the world. .

The panelists were of the opinion that India needs to keep renewable energy as a matter of national importance. They suggested that the need of the hour is to move away from the current practice and make RE as an integral part of the power sector. For this a comprehensive national policy framework would be required for smoother renewable projects development in the country. .

Mr Mackay Miller, Technology Innovation Analyst, NREL, congratulated the Indian government for its ambitious RE targets and intent to attain that goal. He suggested that there is need to think about policy and financing mechanism so that investments take place. .

Smt Varsha Joshi, Joint Secretary, Ministry of New and Renewable Energy, lauded the report terming it as a good effort by the compilers. “It’s time that India has to look at RE as a resource across the states. There are a lot of things to be learned and a lot to be done,” she said. .

Shri Sumant Sinha talked about thinking ‘out of the box’ to operationalise the issues highlighted in the report. “Why can’t we make renewable energy as the backbone of India’s electricity generation? We have to re-think our entire reliability on coal. Discoms are reluctant on buying renewable power against highly subsidised conventional power,” Shri Sinha noted. .

Getting fund is seen as one of the major challenges. However, Shri Rajat Misra, VP, SBI Capital Markets Ltd is of the opinion that funding is not a constraint if there is good policy in place. .

Shri SK Soonee, CEO, POSOCO, raised the issue of grid as one of the major hurdles in increasing renewable potential. The experts stressed that renewable energy could be the backbone of Indian power scenario provided existing issues are addressed. They objected to having coal as the preferred power choice just because it is available beneath the earth. .

Smt Khullar stated that there is misconception in India that renewable energy is for rich. She asked everyone to be a part of this movement in renewable energy. “We are starting this journey with great hope and we should walk together to make it happen,” Smt Khullar concluded. .


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NEED TO DRIVE DEMAND FOR LOCALLY MANUFACTURED EQUIPMENT IN THE COUNTRY: SHRI KAPIL DEV TRIPATHI, SECRETARY, DPE
There is need to drive demand for the locally manufactured equipment in India. We need to study the successful models from across the world and work on those models that suit the Indian scenario. This was stated by Shri Kapil Dev Tripathi, Secretary, Deptt. of Public Enterprises (DPE), Govt of India at the session on ‘Make in India —Incentivizing Renewable Energy Equipment Manufacturing for Exports’ at the first “Renewable Energy Global Investors Meet & Expo” (RE-Invest 2015) here today.

The panelists said that the Indian renewable industry manufacturing industry has ample opportunity to scale up under the government’s “Make in India” initiative. However, they raised the issue of financial support and incentives to match the competition from global manufacturing markets. .

Ms Ayumi Fujino, Region Head, United Nations Industrial Development Organisation (UNIDO), said that Indian renewable energy sector presents huge potential for creating a robust manufacturing base. Highlighting the importance of ‘Make in India’, Ms Fujino stated that the initiative not only gels well for manufacturing in India, but it also provides opportunity for job creation. “There is huge potential in India. It has to be seen how that potential is utilised for maximum benefit,” said she. .

Shri Alok Srivastava, Additional secretary & CVO, Ministry of Shipping, Govt of India, stated that the Indian renewable industry is expected to grow significantly in the next decade under the ‘Make in India’ initiative. “The share of renewable energy generation is expected to increase from 6% currently to 15% by 2019. There is huge opportunity in solar, wind and hydro manufacturing,” said Mr Srivastava. He added that India needs to have a strong manufacturing base in order to be able to export and called for a financing model that suits best for the manufacturing industry. .

The experts were of the opinion that India could look forward to developing overseas market, as the domestic manufacturing needs to have good export prospects. Shri Tulsi Tanti, CMD, Suzlon Group of Companies said that the Indian manufacturers have huge opportunity for exporting to the developing countries in Asia, Latin America and Africa. .

Shri Madhusudan Khemka, MD, ReGen Power, sounded optimistic with respect to wind turbine manufacturing in India. He stated that wind turbine technology is mature in India with highly recognised certification programme. India can easily fulfill the demands in the developing nations with its cost-effective technology that is tried and tested globally. .

In contrast to the wind manufacturing, the solar manufacturing in India has struggled amid competition from global oversupply and cheap imports from countries like China. Indian domestic manufactures had good share in the global solar market till 2010. However, it was after that the global oversupply and emergence of China led to downfall of India solar equipment manufactures. Shri HR Gupta, MD, IndoSolar Ltd., highlighted the agony of the solar manufacturers when he said that currently the export opportunity is very less. However, he expressed optimism in wake of ‘Make in India’ initiative and a target of installing 100 GW by 2022. .

Shri DV Manjunatha, Founder & MD, EMMVEE Solar, listed supply chain, taxation, absence of long-term funding and financing as major hurdles for development of solar manufacturing in India. He called for making full use of an initiative like ‘Make in India’ for manufacturing in renewables by providing incentives like China has done to boost its manufacturing industry. .

The panelist stressed the need for innovative financing model for encouraging manufacturing export and bringing down cost of production. Some of the panelists called for a special technology fund which can be utilised for upgradation and acquiring technology as well as for R&D activities. It was stated that there has to be a technology roadmap in place to nurture manufacturing industry in the country so that the scaled up renewable targets can be achieved. Shri Tripathy called for a synergy between industry, government, research institutes and academia to address the future challenges on the technology front. He said that China’s manufacturing industry has succeeded due to focused strategy adopted by the government, and India too needs to have a focused strategy for Indian domestic manufacturing industry to flourish. .

The session was chaired by Shri Kapil Dev Tripathi, Secretary, Deptt. of Public Enterprises, Govt of India and co-chaired by Shri Alok Srivastava, Additional secretary & CVO, Ministry of Shipping, Govt of India. .


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Renewable Energy Identified as One of Core Sectors for the ‘Make In India’ Initiative : Shri Amitabh Kant 

For a rapidly urbanising India, energy security is a key challenge that needs to be met at the earliest . This was stated by Shri Amitabh Kant, Secretary, Department of Industrial Policy & Promotion (DIPP), at a session of RE-INVEST 2015 titled ‘Make In India – Renewable Energy Focus’ The urgency of the issue is evident from the fact that India’s urban population would increase manifold and there should be an additional incentive for spurring investments into building infrastructure for renewable energy to provide energy security. This should also boost the manufacturing sector as a whole. 

“The key challenge for India is to grow at 9-10% per annum for three decades or more, to be able to create jobs for a young population. The second challenge is - India is urbanising rapidly. These challenges of growth can only be met if the manufacturing sector grows at 13-14% per annum. India has largely grown through services. You can’t grow without energy and it is important to understand that, in India’s case, you cannot grow without renewable energy,” said Shri Amitabh Kant. 

India’s current renewable energy portfolio stands at 33.79 GW out of a total of 254 GW of installed power capacity, said Shri Kant, and noted that the huge potential resource of 895 GW from commercially exploitable resources had resulted in renewable energy being identified as one of 25 sectors for the ‘Make In India’ initiative. 

“You need to create a complete ecosystem for this. 70 percent of the country’s solar content is imported and coming in from China and the US. In the wind sector, manufacturing capacity is 10 GW and caters to rural markets mainly even if numerous companies have set up operations. In the small hydro sector, we have installed capacity of 3.8 GW as against an estimated potential of 20 GW,” he said. 

Shri Kant and other members of the panel believe that renewables holds massive financial promise for investors since India is aiming to expand energy generation from renewables to 100 GW over the next five years. “There’s $100 billion to tap. It’s important to understand that the US and Europe have already experienced urbanisation. In China, it’s now flattening, but in India it’s only just begun and this raises challenges and opportunities in energy security,” said Shri Amitabh Kant. 

The Secretary added that feed-in tariffs, portfolio standards, better evacuation infrastructure and moving away from predictive buying and selling are some of the issues that had to be looked into to help grow the renewables sector’s footprint in energy generation. India could also learn from the incentive schemes used in the US, Europe and China, such as tax rebates as well as financial instruments like green bonds. 

“We need to ensure that renewable energy generation expansion by mandating a percentage of the grid supply that must be sourced from renewables. Since we are talking about size, scale and speed, we need to get over the technological barriers which remain because of poor evacuation infrastructure. Take wind, many assets lie unused because generated power is not being evacuated and not being sold. If we get this and net metering structure right, then it’ll be successful. Also, with open access smart infrastructure not in place, renewable generation cannot be aggregated and the buying and selling is predictive. Hence, the back end needs to be put right,” he stated. 

Mr Adnan Amin, Director General, International Renewable Energy Agency, supported Prime Minister Shri Narendra Modi’s ‘Make In India’ campaign in regards to renewable energy stressing that India is the fourth largest consumer of energy worldwide today. “This is expected to double by 2030 so there must be a focus on renewables,” he said. 

Mr Ajay Goel, Chief Executive Officer, Tata Power Solar, believes that the thrust should not just be on manufacturing in India but also ‘Innovate In India’ which will “allow us to leverage our human capital and intellect”. 

Other speakers in the session included Mr A.K. Jain (Chairman & Managing Director, Rajasthan Electronics & Instruments Ltd), Mr Deepak Puri (Chairman & Managing Director, Moser Baer India Ltd),Mr Gao Jifan (Chairman & Chief Executive Officer, Changzhou Trina Solar Ltd), Mr Maria van der Hoeven (Executive Director, International Energy Agency), Mr Rakesh Bakshi (Managing Director, RRB Energy Ltd) and Mr Ramesh Kymal (Managing Director, Gamesa Wind Turbines Pvt Ltd). 


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Opening of Technical Bids for Auction of Schedule III Coal Mines Opening of Technical Bids for Auction of Schedule III Coal Mines Reviewed by Ajit Kumar on 11:14 PM Rating: 5

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