Page 14 - AsiaElec Week 24

AsiaElec NEWS IN BRIEF AsiaElec

send meter readers to visit households improvement in efficiency and reduction in engine-based power generation technology,
to record their electricity, water and gas aggregate technical and commercial (AT&C) CNTIC VPower offers a one-stop LNG
consumption every alternate month. losses. solution integrating LNG import, logistics,
“For households who do not have Odisha has an average power demand storage and regassification to the country. The
advanced electricity meters and also did not of 4,000 megawatts (MW). While WESCO LNG infrastructure is located in Thanlyin of
submit their own meter readings, their April supplies electricity to consumers in the Yangon.
and May consumption were estimated based distribution circles of Rourkela, Burla, After the power purchase agreement was
on previous months’ consumption data. This Balgarh, Bolangir and Bhawanipatna, signed by project company CNTIC VPower,
would result in an underestimation of their SOUTCO supplies consumers in the circles of the power station has commenced operation
bills for these months,” the joint statement Behrampur, Aska, Bhanjanagar, Jeypore and in phases starting from 14 June 2020.
said. Rayagada. NESCO supplies electricity to the Electricity generated by this power station
They also warned that since they have districts of Balasore, Mayurbhanj, Keonjhar, will be transmitted to support the nationwide
resumed its pre-circuit breaker physical meter Jajpur, and Bhadrak. The drive is headed by electricity demand, in particular that in
reading routine from 2 June, the accumulated Odisha Electricity Regulatory Commission Yangon Region, via the national grid.
underestimated amount of consumption will (OERC). VPOWER GROUP
be adjusted in the June or July bill. “Therefore,
the June or July utility bills could be higher
than the April and May bills.” COAL
GAS-FIRED GENERATION
VPower opens LNG power Adani’s Australian mine in
GRID question
Indian giants aim to acquire plant in Myanmar The insurer of Adani Group’s coal mine in
Australia is reportedly reviewing its corporate
Hong Kong’s VPower Group International
Indina discoms Holdings Limited has successfully expanded policy on climate change as losses of the
project near the $800mn mark in face of
its footprint into the LNG-to-power industry
Adani Group, CESC, and Tata Power among through a partnership with China National the depleting valuations triggered by the
those who have shown interest in acquiring Technical Import and Export Corporation coronavirus pandemic, the Sydney Morning
the Odisha government’s three electricity (CNTIC). Herald reported.
distribution companies (discoms). A joint venture between VPower Group Bermuda-based Aspen Reinsurance,
The discoms that will be privatised are - and CNTIC, called CNTIC VPower, on June the insurer of Adani Carmichael coal
Western Electricity Supply Utility of Odisha 14 started generating electricity with LNG at a mine in central Queensland, is evaluating
Ltd (WESCO), North Eastern Electricity power station in Thaketa Township in Yangon, its “underwriting appetite around fossil
Supply Company of Odisha Ltd (NESCO) Myanmar. fuel” adding that significant impact on the
and the Southern Electricity Supply Utility of This was the first time LNG being used valuations of the coal mine could increase
Odisha Ltd (SOUTCO). as the fuel source in power generation in Carmichael’s dependence on its parent
This comes after Tata Power won a 25-year Myanmar. company in India.
licence for distribution and retail supply of The power station, with an installed “We are currently reviewing our
power in five circles of Central Electricity capacity of 477.1 MW, was built on a fast-track underwriting appetite around fossil fuel but
Supply Utility of Odisha (CESU Odisha). Tata basis for one of the Myanmar Government’s cannot comment further at this time,” the
Power plans to make a capital expenditure of shortlisted critical projects to boost power spokesman of Aspen Re told the Australian
Rs1,541 crore during FY21 to FY25 in CESU. supply for summer 2020. The project was daily. “Aspen understands the importance of
While global analytics company, Crisil, awarded to the consortium of VPower Group environmental, social, and governance issues.”
will manage the sale of WESCO and and CNTIC in late 2019 through a public Aspen Re is among the four global
SOUTCO, Deloitte has the sale mandate for tender. insurance companies that underwrites Adani’s
NESCO. One of the key transaction feature is In addition to the efficient and flexible Carmichael coal mine and rail project. Liberty,

P14 www. NEWSBASE .com Week 24 17•June•2020