&
  • Connect With Us:
  • HydroWorld.com Wire News

    YearRevenue GrowthDec 1319.4Dec 1212.1Dec 112.4

    New energy player charts P15-B plan

    12/04/2014

    AVGARCIA Power Systems Corp. plans to invest P15 billion to develop hydropower projects totaling 100 megawatts (MW), the company's top official told reporters yesterday.

    Finland : Fortum plans to increase its hydro portfolio by 60% through the restructuring of TGC-1 Subject to successful restructuring, Fortum ready to take a minority stake in the Finnish Fennovoima

    12/04/2014

    Fortum and Gazprom Energoholding have signed a protocol to start a restructuring process of their ownership of TGC-1, a Territorial Generating Company in Russia. TGC-1 owns and operates hydro power and thermal power plants in North-West Russia as well as heat distribution networks in St. Petersburg. Currently Gazprom Energoholding owns 51.8% of the TGC-1 shares and Fortum 29.5%.

    Morning Alert: Can Don Hydro Power lifts 3.6%; leads Electric sector higher 04 December 2014 11:00 ICT

    12/04/2014

    VIETNAMESE INTRA-DAY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD) lifted 3.6% to trade at VND28,800.0 vs. the Electric sector which strengthened 4.8 points (or 1.1%) to 461.9. Representing a weighting of about 7.2% of the sector, the stock accounted for 24.3% of today's gain. The shares have outperformed 81% of the market in the past six months. Trading volume has been 1.5 times average so far today.

    F L C Hydro Power drops 1.7% on high volatility 04 December, 2014 03:30 IST

    12/04/2014

    SRI LANKAN DAILY STOCK REPORT

    F L C Hydro Power PLC (CSE:HPFL) traded between an intraday low of LKR5.60 and a high of LKR5.90, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 5.4% places the stock in the 1st quartile in the market meaning it is highly volatile. The stock price decreased 10.0c (or 1.7%) to close at LKR5.70, ending a two-day streak of rises.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity is less than stellar at 0.7%. This is computed as net profit margin of 6.3% times asset turnover [sales/assets] of 0.09 times leverage factor [total assets/shareholders' equity] of 1.2.

    BHEL commissions hydropower plant

    12/04/2014

    DEHRADUN, Dec. 5 -- With the commissioning of the last of the six units of 68 MW hydro generating unit of Rampur Hydro Electric Project (HEP) in Himachal Pradesh, Bharat Heavy Electricals Limited (BHEL) has commissioned the 412 MW hydro power plant of SJVN Limited.

    SJVN commissions all 6 units of 412 MW Rampur hydel project

    12/04/2014

    Shimla, Dec. 5 -- The 412 MW Rampur Hydro Electric Project of SJVN Limited, located on river Satluj in Himachal Pradesh, commissioned its sixth and last 68.67 MW unit on Thursday at the project's power house located at village Bayal in district Kullu. The first unit of Rampur HE Project was commissioned in March this year.

    UPDATE: Indsil Hydro Power & Manganese in its biggest trailing week loss for 3 weeks 04 December, 2014 15:30 IST

    12/04/2014

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 46th largest iron & steel/intermediate products company by market cap, dropped Rs1.65 (or 3.3%) to close at Rs48.20. In the past week the shares have sunk 5.5%, the biggest trailing week fall since November 19. Compared with the BSE Sensex Index which rose 73.7 points (or 0.3%) in the day, this represented a relative price change of -3.6%.

    BEARISH SIGNALS
    Fundamentals:
    + Total Liabilities/EBITDA of 16.3 which compares unfavourably with the Joseph Piotroski benchmark of 5.
    + Net profit margin has averaged 7.8% in the last 3 years. This is lower than the sector average of 9.1% and suggests a low margin of safety.
    + The total dividend paid over the past 12 months is down markedly to Rs0.50 per share, comprising one final dividend of Rs0.50.

    Nam Mu Hydropower up 9.2% in 2 days 04 December, 2014 17:30 ICT

    12/04/2014

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Stock Company (HNX:HJS), Vietnam's 8th largest electric company by market cap, extended its gains Thursday, rising an additional VND500.0 (or 4.0%) to close at VND13,000.0. The shares have jumped VND1,100.0 (or 9.2%) over the past two trading days. Compared with the VN Index which rose 9.6 points (or 1.69%) in the two days, this represented a relative price increase of 7.6%.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 9.3 multiplied by the P/NTA of 1.1 is 9.9. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.3. Compared with the rest of the market the stock is undervalued.
    + Net profit margin has averaged 17.2% in the last 3 years. This is considered superior and suggests a high margin of safety.

    Permitting advances for Peru hydropower project

    12/04/2014

    Peruvian authorities granted rights of way to the developer of a hydroelectric plant in central highlands region Junín.

    The US$107mn, 64MW La Virgen project belongs to special purpose company La Virgen, which signed the definitive concession contract in 2011.

    Guangdong No.2 Hydropower Engineering - A Share increases on firm volume 04 December, 2014 15:30 CST

    12/04/2014

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 31st largest energy company by market cap, increased 3.0 fen (or 0.4%) to close at CNY7.79. Compared with the SZSE 100 Index which rose 89.4 points (or 2.3%) in the day, this represented a relative price change of -1.9%. This has been propped up by firm volume of 1.3 times average.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stock by value of Q Ratio.
    + Revenue growth rate is positive and has seen consecutive rises in recent years. [Year ended, all figures in %]

    Upstream superpowers

    12/04/2014

    On November 23, the first power-generating unit of the Zangmu hydropower complex on the Yarlung Tsangpo or the Brahmaputra in China's Tibet Autonomous Region became operational. The 510 MW Zangmu dam is not as large as some of China's other large dams, or those that India is building or planning to build on the Yarlung Tsangpo/ Brahmaputra river system. Zangmu, however, underscores the limited channels of cooperation that exist between India and China to govern the rivers they share. Until recently, Indian officials relied on satellite images of construction sites to learn about China's plans. It took the Chinese some time to acknowledge the existence of dam-building projects on the Yarlung Tsangpo. Things have improved since. But there is no water sharing agreement between India and China. Nor is one on the horizon.

    Pöyry awarded site supervision services assignment by GKI at new 89 MW Hydropower plant in Austria

    12/04/2014

    Thac Mo Hydro Power rises 2.0% on high volatility 04 December, 2014 17:30 ICT

    12/04/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP), Vietnam's 3rd largest energy company by market cap, traded between an intraday low of VND29,500.0 and a high of VND30,900.0. The price range has expanded in the last two days (from VND1,000.0 two days ago to VND1,400.0 today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 2.6% places the stock in the 3rd quartile in the market meaning it is mildly volatile. Today its volatility (highest price minus lowest price/lowest price) of 4.7% was 1.8 times the average daily volatility of 2.6%, up from 3.0% on Wednesday and 3.4% on Tuesday. A price rise on high volatility is a bullish signal. The stock rose for a third day on Thursday bringing its three-day rise to VND1,900.0 or 6.6%. The stock price increased VND600.0 (or 2.0%) to close at VND30,900.0. Compared with the VN Index which rose 3.6 points (or 0.6%) in the day, this represented a relative price increase of 1.4%.

    BHEL commissions sixth unit of 6x68.67 MW hydro generating unit at Rampur

    12/04/2014

    BHAHEAEL.gif With the commissioning of the last of the six units of 68 MW hydro generating unit of Rampur Hydro Electric Project (HEP) in Himachal Pradesh, Bharat Heavy Electricals (BHEL) has commissioned the 412 MW hydro power plant of SJVN Limited. The 412 MW Rampur HEP powerhouse comprising 6 units of 68.67 MW each is located on River Satluj, a major tributary of the Indus Basin in Himachal Pradesh - 120 km from Shimla.

    Sichuan Minjiang Hydropower - A Share increases 1.0%, 3 days' volume in a day 04 December, 2014 15:30 CST

    12/04/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 46th largest energy company by market cap, increased 7.0 fen (or 1.0%) to close at CNY6.78. This has been propped up by high volume of 3.4 times average. Compared with the SSE 180 Index which rose 112.1 points (or 1.7%) in the day, this represented a relative price change of -0.7%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.5. Compared with the rest of the market the stock is undervalued.

    BHEL commissions hydropower plant

    12/04/2014

    DEHRADUN, Dec. 5 -- With the commissioning of the last of the six units of 68 MW hydro generating unit of Rampur Hydro Electric Project (HEP) in Himachal Pradesh, Bharat Heavy Electricals Limited (BHEL) has commissioned the 412 MW hydro power plant of SJVN Limited.

    Hydropower generation has increased with the rise in water levels of the Reservoirs.

    12/04/2014

    The water capacity at the Castlereigh Reservoir is 85.5 percent, Maoussakelle 88.1 percent, Kotmale 82.9 percent,
    Victoria 98.2 percent, Randenigala 82 percent and the Samanalawewa Reservoir is 52.7 percent.
    Therefore the Ceylon Electricity Board has taken initiatives to increase the power generation capacity up to 62 percent.
    The average capacity is in the region of 85 percent. 61 percent of the electricity needs are secured through the generation of hydropower.
    In addition, around 32 percent was obtained from Thermal power plants. Only limited power is being generated from plants in which a high cost incurs. He said that the generation of power through hydropower plants is profitable. . 2014 Global Data Point.

    Morning Alert: Krasnoyarsk Hydro-Power Plant in 2nd daily fall, nears two-month low 04 December 2014 11:39 SAMT

    12/04/2014

    RUSSIAN INTRA-DAY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG) slipped further on Thursday, sliding an additional RUB2.60 (or 3.3%) to trade at RUB77.30. The stock dropped 2.32% on Wednesday bringing its 2-day fall to 5.5%. It is now approaching its 36-day low of RUB71.20.

    Krasnoyarsk Hydro-Power Plant down 3.5% in 2 days 04 December, 2014 18:00 SAMT

    12/04/2014

    RUSSIAN DAILY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 6th largest electric company by market cap, extended its slide Thursday, shedding an additional RUB1.0 (or 1.3%) to close at RUB78.90. The shares have dropped RUB2.90 (or 3.5%) over the past two trading days. Compared with the MICEX Index which rose 9.6 points (or 0.61%) in the two days, this represented a relative price change of -4.2%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price to Book of 1.6 [0.3].

    Majority Proposed Eight New Hydro Power Plant Options

    12/04/2014

    Last week's Thursday, the majority of Alþingi's Industrial Affairs Committee (AIAC) announced its intention to to re-categorize eight sites as “utilizable” options for the construction of hydroelectric power plants. These have until now been categorized, either as for preservation, or as on “standby”. These are categories defined by the Master Plan for nature conservation and utilization of energy resources, as bound by law. The re-categorization would serve as the first legal step towards potential construction.

    Wire news brought to you by

    11/01/2014
    Volume 33, Issue 9
    cover
    09/01/2014
    Volume 22, Issue 5
    cover