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    Sweden,United States : Success in Sweden: Bilfinger to manage 125 hydroelectric power plants

    09/18/2014

    In Sweden, the engineering and services group Bilfinger will in future be responsible for the maintenance of Finnish utility Fortum's entire portfolio of hydroelectric power plants. The new framework agreement covers technical management of 125 power plants with more than 250 dams. The agreement also calls for the transfer of 200 Fortum employees to Bilfinger. The parties have agreed to keep the volume of the service agreement confidential. The contract will run over a term of three years with an option to extend it by an initial two years.

    IPPAN seeks review of CIAA directive

    09/18/2014

    KATHMANDU, Sept. 18 -- Independent Power Producers' Association Nepal (IPPAN) on Wednesday asked for a revision of the order given by the Commission for Investigation of Abuse of Authority (CIAA) to scrap survey and construction license of 10 hydropower projects.On September 6, the anti-graft body ordered the Ministry of Energy to scrap survey licenses of three companies for failing to conduct the survey, and power generation licences of seven companies for failing to carry out construction work despite completing the survey.

    The association said a proper study on the projects has to be carried out before imposing such a "harsh" decision.

    Tariff Order May Delay R Power-Jaypee Deal

    09/18/2014

    Reliance Power's Rs 12,300crore deal to acquire hydroelectric assets of the Jaypee Group may take longer than expected as the seller has approached regulatory authorities for a tariff order that will rule out any ambiguity in the valuation of the transaction.

    Serbia's EPS seeks electromechanical equipment for eight SHPPs

    09/18/2014

    BELGRADE (Serbia), September 17 (SeeNews) - Serbian state-owned power utility EPS said it has invited bids for the supply and installation of electromechanical equipment for the reconstruction of eight small hydro power plants (SHPPs).

    The project will be funded with proceeds of a loan from the European Bank for Reconstruction and Development, EPS said in a public call posted on its website on Tuesday.

    The project will cover works on SHPPs Raska, Vrelo, Radaljska Banja, Seljasnica, Kratovska, Pod Gradom, Turica and Moravica.

    The bidding deadline is December 3.

    Jaypee Group plea for new tariff order to delay deal with Reliance Power

    09/18/2014

    New Delhi: Reliance Power's Rs 12,300 crore deal to acquire hydroelectric assets of the Jaypee Group may take longer than expected as the seller has approached regulatory authorities for a tariff order that will rule out any ambiguity in the valuation of the transaction.

    POWER

    09/18/2014



    SRG structure searching for small Russian HPP project investors

    Swiss Invest Buro, a structure of the SRG Holding, and Russia's OJSC MNTO Inset plan to attract foreign investment for joint hydro power projects.

    The Swiss Invest Buro office in Russia - LLC Swiss Invest Buro, told Interfax that the companies signed a strategic cooperation agreement in August 2014.

    Chinese Poly Group interested in investing in Montenegro's energy projects

    09/18/2014

    China's Poly Group Corporation is willing to make a contribution to the implementation of major energy projects in Montenegro, namely the construction of hydropower plants on rivers Moraca and Komarnica, as well as the thermal power plant “Maoce”, today's meeting between the company's representatives and Montenegro's Economy Minister Vladimir Kavaric concluded.

    PDA for Upper Karnali likely today

    09/18/2014

    Nepal, Sept. 18 -- Preparations are being made to sign the much-awaited project development Agreement (PDA) for the 900 MW Upper Karnali Hydropower Project on Thursday.After several rounds of negotiations, a board meeting of the Investment Board Nepal (IBN) chaired by Prime Minister Sushil Koirala on Wednesday finally endorsed the PDA making some amendments. The board instructed the IBN to make some amendments to the PDA document.

    SRG structure searching for small Russian HPP project investors

    09/18/2014

    Swiss Invest Buro, a structure of the SRG Holding, and Russia's OJSC MNTO Inset plan to attract foreign investment for joint hydro power projects.

    The Swiss Invest Buro office in Russia - LLC Swiss Invest Buro, told Interfax that the companies signed a strategic cooperation agreement in August 2014.

    CIAA instruction lacks proper study: IPPAN

    09/18/2014

    KATHMANDU: Independent power producers have alleged that the Commission for the Investigation of Abuse of Authority (CIAA) instructed the government to scrap permits of 10 hydropower projects without conducting a careful study. They claim that the projects were being delayed due to bureaucratic hassles of the government itself.

    Georgia to construct two hydropower plants

    09/17/2014

    Tbilisi, Georgia, Sept. 17

    By Nana Kirtzkhalia - Trend:

    Georgia will construct two hydropower plants on the rivers of Didkhevi and Stori in the eastern region of Kakheti.

    MoEF to Take Fresh Look at Dibang Hydroelectric Project

    09/17/2014

    NEW DELHI, Sept. 18 -- An expert committee under the Ministry of Environment and Forests (MoEF) will consider the 3,000 MW Dibang hydroelectric power project in Arunachal Pradesh soon, for which the erstwhile UPA Government had twice denied environmental clearance. The proposal which had been rejected in April and July last year, will come up for before Forest Advisory Committee (FAC) during a meeting slated to be held on September 22-23.The MoEF is taking a fresh look at the proposal with the Power Ministry throwing its weight behind it. Power Secretary P K Sinha, in a letter dated July 16, had asked the MoEF to review the decision of FAC and accord the stage-I forest clearance to the project.

    Upper Karnali PDA unlikely before deadline expires

    09/17/2014

    KATHMANDU: It appears the government and GMR Group will not be able to sign the Project Development Agreement (PDA) on 900MW Upper Karnali hydroelectric project within the deadline of 45 days extended by Prime Minister Sushil Koirala.

    The deadline jointly extended by PM Koirala and Indian Premier Narendra Modi, during Modi's visit to Nepal in the first week of August, is expiring on September 17, but the government and the Indian multinational company have not shown signs of entering into the deal.

    IFC mulls 170 mln euro equity investment in Turkey's Gama Enerji

    09/17/2014

    ANKARA (Turkey), September 16 (SeeNews) - International Finance Corp (IFC) said it is considering investing 170 million euro ($220 million) in Turkish wind and hydropower plant operator Gama Enerji to finance its project pipeline.

    Chilime Hydro Power falls for a second consecutive day, a two-day fall of 2.6% 17 September, 2014 15:00 NPT

    09/17/2014

    NEPALESE DAILY STOCK REPORT

    Chilime Hydro power Co. (NEPSE:CHCL), Nepal's largest hydropower company by market cap, fell NPR15.0 (or 0.7%) for a second consecutive day on Wednesday bringing its two-day fall to NPR55.0 or 2.6%. The stock last traded at NPR2,080.0. Compared with the Nepse Index which rose 6.2 points (or 0.68%) in the two days, this represented a relative price change of -3.3%. Trading volume was 38% lighter than average.

    F L C Hydro Power decreases 1.7% on low volume 17 September, 2014 03:30 IST

    09/17/2014

    SRI LANKAN DAILY STOCK REPORT

    F L C Hydro Power PLC (CSE:HPFL) decreased 10.0c (or 1.7%) to close at LKR5.90. Compared with the All Share Price Index which fell 1.4 points (or 0.02%) in the day, this represented a relative price change of -1.6%. The volume was 0.005 times the average trading of 107,037 shares.

    Guangdong Meiyan Jixiang Hydropower rises for a fourth consecutive day, a four-day rise of 21.5% 17 September, 2014 15:30 CST

    09/17/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 9th largest engineering & construction company by market cap, rose 3.0 fen (or 0.9%) on high volume to close at CNY3.33. This has been propped up by strong volume of 6.3 times average. The stock rose for a fourth consecutive day on Wednesday bringing its four-day rise to 59.0 fen or 21.5%. Compared with the SSE 180 Index which fell 39.4 points (or 0.75%) in the four days, this represented a relative price increase of 22.3%.

    BULLISH SIGNALS
    Fundamentals:
    + The total dividend paid over the past 12 months was 0.50 fen per share, comprising one dividend of 0.50 fen.

    Spain's hydro stocks decline accelerates

    09/17/2014

    Spain's hydroelectric stocks recorded their sharpest week-on-week drop in more than three months in week 38, latest data from Spanish environmental ministry MAGRAMA showed.

    Indsil Hydro Power & Manganese in its biggest trailing week loss for 12 months 17 September, 2014 15:30 IST

    09/17/2014

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 51st largest iron & steel/intermediate products company by market cap, decreased Rs0.45 (or 1.0%) to close at Rs42.50. In the past week the shares have plummeted 12.5%, the biggest trailing week fall since October 15. Compared with the BSE Sensex Index which rose 138.8 points (or 0.5%) in the day, this represented a relative price change of -1.6%.

    BEARISH SIGNALS
    Fundamentals:
    + Total Liabilities/EBITDA of 16.3 which compares unfavourably with the Joseph Piotroski benchmark of 5.
    + The total dividend paid over the past 12 months is down 50.0% to Rs0.50 per share, comprising one final dividend of Rs0.50.

    Na Loi Hydropower increases - outperforming 90% of stocks 17 September, 2014 17:30 ICT

    09/17/2014

    VIETNAMESE DAILY STOCK REPORT

    Na Loi Hydropower Joint Stock Company (HNX:NLC), Vietnam's 10th largest electric company by market cap, increased VND100.0 (or 0.4%) to close at VND24,700.0. In the Vietnam market of 500 stocks traded today, the stock has a 6-month relative price strength of 90 which means it is outperforming 90% of the market. A price rise combined with a high relative strength is a bullish signal. Compared with the VN Index which rose 0.8 points (or 0.1%) in the day, this represented a relative price increase of 0.3%.

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