India’s JSW Energy changes course, now aiming for renewable energy-based expansion

first_imgIndia’s JSW Energy changes course, now aiming for renewable energy-based expansion FacebookTwitterLinkedInEmailPrint分享ETEnergyWorld.com:Sajjan Jindal led-JSW Energy, one of the only private power utilities in India which was looking to expand its thermal power capacity through acquisitions has pulled the plug on the plan and aims to focus on renewable energy only, after calling off the deal to buy an asset from GMR.The company has a stated plan of scaling up its capacity to 10 megawatts in the next 3-5 years from 4,559 mw now. While the capacity addition plan does not change, the company will now focus on renewable energy projects to add renewable energy projects.The company aims to be carbon neutral by 2050, said Prashant Jain, joint managing director and chief executive officer, told ET. “We have realised that many of these existing thermal assets have ongoing litigations and the government is increasing taxes on polluting industries, so it will be a continuous struggle for the next 15-20 years for the balance life of the plant. Given all this, renewable is a better option,” he said.Jain said that the company was keen to acquire thermal power assets for the low cost of generation and firm power purchase agreements. Now with the renewable energy tariff declining to levels that are competitive with thermal power units, power distribution companies will not give preference to thermal power going ahead.On Friday, JSW Energy called off its deal to the 1,050 mw-GMR Kamalanga Energy project in Odisha, after five months of announcing the deal, citing uncertainties in the wake of the Covid-19 pandemic and subsequent lockdown. Two years ago, the company had to terminate its proposed acquisition of the 500 mw-Bina Power from Jaiprakash Power Ventures after months of delay in getting necessary approvals from lenders.[Rachita Prasad]More: JSW Energy pulls the plug on thermal asset expansion, focus on green energy nowlast_img read more

Read More →

Subsea Tech Unveils Automatic Seafloor Classification System

first_imgSubsea Tech has developed in partnership with Seaviews company an acoustic system for automatic seafloor classification (SACLAF) using a multibeam echosounder.This project was led within the framework of the ADEME‘s Programme Investissement d’Avenir (with the contribution of the Pôle Mer Méditerranée).The developed system allows measuring and classifying the variations of the sounder signal in order to determine the seafloor nature and the presence of marine vegetation.Data acquisition was carried out using the NORBIT WBMS echosounder mounted on our CAT-Surveyor USV. The CAT-Surveyor’s automatic navigation software allows programming the USV route and automating the acquisition process. The Surveyor’s low draught allows operations in very shallow areas (80cm).The acquisition provides 2 types of data: Echo-integration data (signal distortion depending on the seafloor nature); Roughness index identifying accurately the floor shape.According to Subsea Tech, this technology can produce detailed and high resolution maps of large areas at low cost. Sonar and aerial images can be combined to cross-check the data.last_img read more

Read More →

Mancini sacked by City

first_img Press Association The 48-year-old’s future had been the subject of intense scrutiny over the last few days. Mancini learned on Monday night that he had been relieved of his duties after failing to achieve any of the club’s “stated targets” for the season. Manchester City manager Roberto Mancini has been sacked, the Barclays Premier League club have announced.center_img The news comes exactly a year to the day after City won the Premier League in dramatic circumstances on the final day of last season. But it is Mancini’s failure to build on that achievement that has seen his three-and-a-half year tenure brought to an end. A club statement read: “It is with regret that Manchester City Football Club announces that Roberto Mancini has been relieved of his duties as Manchester City manager. This has been a difficult decision for the owner, chairman and board to make and it is the outcome of a planned end-of-season review process that has been brought forward in light of recent speculation and out of respect for Roberto and his extensive contributions to the football club. “Despite everyone’s best efforts, the club has failed to achieve any of its stated targets this year, with the exception of qualification for next season’s UEFA Champions League. This, combined with an identified need to develop a holistic approach to all aspects of football at the club, has meant that the decision has been taken to find a new manager for the 2013-14 season and beyond.” City’s statement added that assistant manager Brian Kidd would be placed in interim charge for the remaining two matches of the season and the forthcoming tour of the United States. Malaga coach Manuel Pellegrini is the favourite to take over full time, having been linked heavily with the post since last Friday night. Despite a disappointing season, Mancini will leave with a fine record having won the FA Cup in 2011 and last season’s first title win in 44 years. City chairman Khaldoon Al Mubarak said: “Roberto’s record speaks for itself and he has the respect and gratitude of Sheikh Mansour, myself and the board for all of his hard work and commitment over the last three and a half years. He has clearly also secured the love and respect of our fans.” He added: “I would like to personally and publicly thank him for his dedication to the progress that he has overseen and for his support and continued friendship.” Rumours Mancini have recurred throughout the season but have gathered momentum since Friday evening. Mancini hit out at club officials for failing to quell the speculation after the cup final but no denials were forthcoming. He continued with business and took training at QPR’s Loftus Road ground as the team stayed down south ahead of Tuesday’s trip to Reading, but the conjecture intensified and ended with this perhaps inevitable outcome. last_img read more

Read More →