• Connect With Us:
  • HydroWorld.com Wire News

    Price Change %2-weeks3-monthsAHPC24.81%-17%Nepse3.26%5.59%

    Price Change %1-week3-monthsBPCL-6.98%-28.57%HydroPower4.62%Nepse2.23%5.59%

    Price Change %1-week3-monthsNHPC5.07%85.9%HydroPower4.62%Nepse2.23%5.59%

    QtrRevenue GrowthNet Profit GrowthNet Profit MarginDec 13-31.7--5.4Sep 1323.2-449.7Jun 1339.1-20.9

    BHEL wins contract to set up 120MW hydro electric project in India

    04/03/2014

    The order, valued at INR1.25bn ($20.8m), has been placed by Uttarakhand Jal Vidyut Nigam Limited (UJVNL), and includes setting up of hydro generating sets and associated electro-mechanical works for the 120MW Vyasi HEP.

    Weekly: Arun Valley Hydropower Development continues significant uptrend

    04/03/2014

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC) rose for a second week on Thursday bringing its a two-week rise to NPR99.0 or 24.8%. The share price jumped NPR98.0 (or 24.5%) in the trailing week to close at NPR498.0. Compared with the Nepse Index which rose 17.4 points (or 2.2%) in the week, this represented a relative price increase of 22.3%. In the past week the market capitalisation has jumped NPR298.8 million.

    Kalungwishi Hydro Project

    04/03/2014

    Project Status: Active
    Project Phase: Execution
    Project Location: Zambia
    Project Value: USD 641.0 Million
    Facility Type: Power generation plant
    Capacity: 213 MW
    Scope of Work:
    Construction of a 213 MW power generation plant on the Lakungwishi river.
    Project completion date : 2014-12-31 12:00:00
    Major organization : COMMON MARKET FOR EASTERN AND SOUTHERN AFRICA (COMESA)

    Address : OMESA Centre,
    Ben Bella Road,
    P. O. Box 30051
    Lusaka - ZAMBIA
    http://www.com esa.int

    Country :ZambiaCopyright © Euclid Infotech Pvt. Ltd.

    Weekly: Butwal Power shares post worst week in eleven months

    04/03/2014

    Butwal Power Co. Ltd. (NEPSE:BPCL), Nepal's 2nd largest hydropower company by market capitalisation, tumbled NPR60.0 (or 7.0%) in the trailing week to close at NPR800.0. The shares had their worst week in eleven months since the week ended May 16, 2013. Compared with the Nepse Index which rose 17.4 points (or 2.2%) in the week, this represented a relative price change of -9.2%. In the past week the market capitalisation has declined NPR609.2 million.

    Record Power Generation by THDCIL during 2013-14

    04/03/2014

    Dehradun, April 1 -- During the financial year 2013-14, THDC India Limited generated 5581 MU electricity in comparison to the target of 3952 MU from the Tehri Hydro Power Complex. Out of this, Tehri Hydro Power Plant (Tehri-HPP 1000MW) generated 4060 MU of electricity against the target of 2797 MU and Koteshwar HEP (400MW) generated 1521 MU of electricity against the target of 1155 MU.As many as 876 MU of electricity were provided to Uttarakhand alone from the above generation of 5581MU in the last financial year. Apart from this, considerable amount of water was released from Tehri reservoir for irrigation and drinking water purposes. So far, the Tehri Power complex has generated 27392 MU of electricity.THDCIL is one of the premier hydro power generators in the country with installed capacity of 1400 MW with commissioning of Tehri & Koteshwar Dam to its credit and is bestowed with 'Mini Ratna-Category-I & Schedule 'A' Status. THDCIL also has plans to increase its installed capacity to 2424 MW by the end of XIIth Plan.

    France to provide Euro 61mln for funding two hydropower projects in FATA, GB

    04/03/2014

    France government will provide Euro 61 million for funding two hydropower projects one each in FATA and Skardu region of Gilgit Baltistan with a total capacity to produce 785 megawatt, said a release of French Embassy.

    China Hydroelectric decreases on weak volume 03 April, 2014

    04/03/2014

    ADRS AND DEPOSITORY RECEIPTS

    Sponsored China Hydroelectric (N:CHC), the ADR market's 27th largest electrical company by market capitalisation, decreased 1.0c (or 0.3%) to close at US$3.39. Compared with the Bank of New York Mellon Composite ADR Index which fell 0.8 points (or 0.5%) in the day, this represented a relative price increase of 0.2%. The volume was 0.7 times the average trading of 84,612 ADRs.

    Thac Ba Hydropower decreases 0.5% - trailing 87% of stocks 03 April, 2014 17:30 ICT

    04/03/2014

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 4th largest electric company by market capitalisation, decreased VND100.0 (or 0.5%) to close at VND18,500.0. In the Vietnam market of 555 stocks traded today, the stock has a 6-month relative price strength of 13 indicating it is trailing 87% of the market. Compared with the VN Index which rose 8.2 points (or 1.4%) in the day, this represented a relative price change of -1.9%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 4.3 [1.0].

    Politicians made $200,000 for roles on boards in 2013

    04/03/2014

    Sixteen local politicians made about $200,000 in 2013 serving on the local hydro, Grand River Conservation Authority and police boards.

    Ten council members sit on the boards of Cambridge North Dumfries Hydro, Kitchener-Wilmot Hydro and Waterloo North Hydro. About $107,000 in hydro stipends were paid to local politicians.

    Peru generator eyes new projects

    04/03/2014

    Hydroelectric generator Peruana de Energía (Perené) established new special purpose companies to develop energy projects.

    The units are Hidroeléctrica Ukumari and Puro Puro Energía, Perené said in a filing to local securities regulator SMV. Additional details were not disclosed.

    Vinh Son-Song Hinh Hydropower increases 1.2% on average volume 03 April, 2014 17:30 ICT

    04/03/2014

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market capitalisation, increased VND200.0 (or 1.2%) to close at VND17,100.0, ending a two-day streak of losses. Compared with the VN Index which rose 8.2 points (or 1.4%) in the day, this represented a relative price change of -0.2%. This has been propped up by average volume of 1.0 times average.

    BULLISH SIGNALS
    Fundamentals:
    + Total Liabilities/EBITDA of 2.6 is comfortably below the Joseph Piotroski benchmark of 5.
    + The P/E of 14.8 multiplied by the P/NTA of 1.4 is 20.8. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
    + The company is cash rich with Cash to Market Capitalisation at 18.5%.
    + Interest cover defined by EBIT/I is 50.4 times. This indicates it is less leveraged.
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1. Compared with the rest of the market the stock is undervalued.

    Politicians landed $200,000 serving on hydro, GRCA, police boards in 2013

    04/03/2014

    WATERLOO REGION - Sixteen local politicians made about $200,000 in 2013 serving on the local hydro, Grand River Conservation Authority and police boards.

    Ten council members sit on the boards of Cambridge North Dumfries Hydro, Kitchener-Wilmot Hydro and Waterloo North Hydro.

    Cong mortgaged public interest for power: Dr Jitendra

    04/03/2014

    REASI, April 3 -- In a series of election meetings across the Arnas region through Salal, Jyotipuram over to Reasi, BJP candidate for Udhampur-Kathua-Doda Lok Sabha constituency, Dr Jitendra Singh referred to frequent power cuts in the area despite Salal Hydro-electric Project being located in the vicinity and said ,this was a glaring example of what he described as "hydro-electric mismanagement " by Congress leadership. Elaborating the point, he recalled that at the time of establishing Salal project, there was a Congress party government at the Center and also a Congress party government in the State but still they had failed to lay down definite terms and conditions about the share of power to be received by the region. Dr Jitendra Singh said the Congress party is not concerned about electricity- power for the people but is only concerned about "power" for itself for which it has always mortgaged public interest. Citing the example of latest scam of 25000 crore involving the Roshni scheme which took place in Jammu & Kashmir with the obvious connivance of high profile Congress leaders, Dr Jitendra Singh alleged, the Congress party has been indulging in scam after scam with impunity and shamelessness.

    California: California Legislative Information: A.B. No. 1258

    04/03/2014

    Official California Legislative Information, The state of California has issued the following bill updates:

    MEASURE : A.B. No. 1258
    AUTHOR(S) : Skinner.
    TOPIC : Electricity: hydroelectric and pumped storage facilities.
    +LAST AMENDED DATE : 04/23/2013


    TYPE OF BILL :
    Inactive
    Non-Urgency
    Non-Appropriations
    Majority Vote Required
    Non-State-Mandated Local Program
    Fiscal
    Non-Tax Levy

    LAST HIST. ACT.

    Sichuan Minjiang Hydropower - A Share drops on high volatility 03 April, 2014 15:30 CST

    04/03/2014

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 50th largest energy company by market capitalisation, traded between an intraday low of CNY3.77 and a high of CNY3.86, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 2.7% places the stock in the 4th quartile in the market meaning it is least volatile. Today its volatility (highest price minus lowest price/lowest price) of 2.4% was 2.9 times the average daily volatility of 2.7%, up from 1.3% on Wednesday and 1.6% on Tuesday. A price fall on high volatility is a bearish signal. The stock price decreased 3.0 fen (or 0.8%) to close at CNY3.81. Compared with the SSE 180 Index which fell 40.5 points (or 0.8%) in the day, this represented a relative price increase of 0.1%.

    Weekly: National Hydro Power climbs, 9 weeks' volume in a week

    04/03/2014

    National Hydro Power Co. (NEPSE:NHPC), Nepal's 3rd largest hydropower company by market capitalisation, climbed NPR7.0 (or 5.1%) in the trailing week to close at NPR145.0. The volume was 9 times average weekly trading of 76,456 shares. Compared with the Nepse Index which rose 17.4 points (or 2.2%) in the week, this represented a relative price increase of 2.8%. In the past week the market capitalisation has risen NPR97 million.

    Can Don Hydro Power drops on high volatility 03 April, 2014 17:30 ICT

    04/03/2014

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 6th largest electric company by market capitalisation, traded between an intraday low of VND22,700.0 and a high of VND24,200.0, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 2.4% 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 6.6% was 3.3 times the average daily volatility of 2.4%, up from 0.9% on Wednesday and 1.3% on Tuesday. A price fall on high volatility is a bearish signal. The stock price decreased VND200.0 (or 0.9%) to close at VND22,700.0. Compared with the VN Index which rose 8.2 points (or 1.4%) in the day, this represented a relative price change of -2.3%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 2.6 [1.0].

    Guangdong Meiyan Jixiang Hydropower falls for a second consecutive day, a two-day fall of 1.2% 03 April, 2014 15:30 CST

    04/03/2014

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868) fell 2.0 fen (or 0.8%) for a second consecutive day on Thursday bringing its two-day fall to 3.0 fen or 1.2%. The stock last traded at CNY2.37. Compared with the SSE 180 Index which rose 4.6 points (or 0.1%) in the two days, this represented a relative price change of -1.3%. The volume was 0.4 times the average trading of 21.2 million shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity is less than stellar at 1.6%. This is computed as net profit margin of 5.5% times asset turnover [sales/assets] of 0.21 times leverage factor [total assets/shareholders' equity] of 1.4.
    + Revenue growth and Net Profit margin have shown signs of deterioration in recent quarters. [Quarter ended, all figures in %]

    Bosnia's Elektroprivreda BiH extends deadline in tender for 20 MW hydropower plant project

    04/03/2014

    Bosnian power producer Elektroprivreda BiH said it is extending the deadline of the pre-qualification tender for the construction of the 20 MW Vranduk hydropower plant to April 29 from April 17 due to the high investor interest.

    1200 MW Stigliers Gorge I Hydropower Project

    04/03/2014

    Project End: 2020
    Project Status: Active
    Project Phase: Execution
    Project Location: Tanzania
    Facility Type: Hydropower
    Project Value: USD 1084 Million
    Capacity: 1200 MW
    Scope of Work:
    Construction of 1200 MW Stigliers Gorge I Hydropower Project in Tanzania.
    Project completion date : 2020-12-31 12:00:00
    Major organization : EASTERN AFRICA POWER POOL (EAPP)

    Address : House No. 513 Kirkos Sub-City,
    P. O. Box 100644, Addis Ababa
    http://www.eappool.org

    Country :Ethiopia
    Email : eapp@eappool.org
    Ltd.

    Wire news brought to you by

    03/01/2014
    Volume 33, Issue 2
    file
    03/01/2014
    Volume 22, Issue 2
    file