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Global Group Ganesh Pooja at Mahape - 28th August 2014

EVENTS

GTL Infrastructure and Viom Networks sign MoU with Japan’s NEDO for green tower project

GTL Infrastructure and telecom tower firm Viom Networks has signed a Memorandum of Understanding (MoU) with Japan’s New Energy and Industrial Technology Development Organization (NEDO) for a demonstration project, which is aimed at reducing the diesel consumption and introducing renewable energy. Both the companies will do the project on the outskirts of major cities like Delhi and Mumbai and other parts of India, covering a total of 62 sites.

These projects aim to demonstrate a system which will help in reducing the consumption of diesel and stable supply of electricity in telecom towers through introducing renewable energy and lithium ion batteries and application of energy management system supplied by Japan’s NEC.

New computer lab setup at ZP School Digas

Global Foundation, under its Gyan It program has been installing computers in such schools where the schools are not able to setup a computer lab on their own.

Global Foundation recently setup a new computer lab at Z P School Digas Purva at Kudal on 7th August 2014. The school is a primary school for students from 1st to 7th standard and has strength of 62 students. Global foundation has donated the 2 computer to School.

INDUSTRY NEWS

Airtel in talks with ATC and Eaton for sale of Africa towers.
Press Trust of India | New Delhi August 19, 2014

Telecom major Bharti Airtel is in advanced stage talks with American Tower Corporation (ATC) and Eaton Towers for selling its tower assets in several African countries, including Nigeria, Ghana and Uganda, sources aware of the development said.

The deal is believed to be in the range of $1.5-2 billion, sources added. Airtel had in July sold 3,100 telecom towers in four African countries to Helios Towers Africa for an undisclosed sum. The company now has around 14,500 towers left in Africa. When contacted, an Airtel spokesperson declined to comment.

The proceeds from the deal is likely to be used for reduction of debt. The net debt of the company at the end of June 2014 stood at Rs 57,744.3 crore. Eaton Towers offers tower sharing on more than 1,500 towers in Ghana, Uganda and South Africa, whereas ATC too has services in these African countries. Airtel had entered the African market in 2010 after acquiring Zain Telecom for about $10.7 billion. The company now offers services in 17 African countries but is yet to turn profitable.

The net loss before exceptional items for Africa during the first quarter of current fiscal stood at $137 million. Airtel Africa witnessed 10 per cent growth in total revenues to $1,164 million for the reported quarter.

Five states urge Power Minister to resolve tariff hike issues after blackouts - Firstpost.com New Delhi - 03 Sep 2014.

Power ministers of five states have urged union Power Minister Piyush Goyal to help restore power supply to their states facing major blackouts caused by the closure of some generation units of Adani Power and Tata Power plants at Mundra over a tariff revision dispute.

In a marathon meeting in New Delhi with Goyal on Tuesday, energy ministers of Maharashtra, Gujarat, Haryana, Punjab and Rajasthan suggested that the Centre intervene to resolve the power crises in their respective states owing to shutting down of units of two power plants, a ministry source told IANS.

Adani Power has shut down six generating units at its 4,620 MW plant at Mundra in Gujarat citing payment default by Haryana, while Tata Power has closed down two units of its 4,000-MW plant there due to technical snags.The source said that in the meeting the states suggested that the government consider filing an affidavit in the Appellate Tribunal for Electricity (APTEL) to strengthen the powers of the regulator Central Electricity Regulatory Commission (CERC) to revise tariffs due to rise in input costs. Meanwhile, Haryana power utilities are blaming Adani Power for the power crisis saying the company resorted to the move to cut electricity supply from its power plants just two days after the Supreme Court stayed an earlier order of the Central Electricity Regulatory Commission (CERC) and Appellate Tribunal for Electricity (APTEL) granting it compensatory tariff.

Haryana's distribution companies (discoms) had gone to the Supreme Court against the CERC and APTL order. "The CERC had awarded the compensatory tariff over and above the normal tariff (about 61 paise per unit) to Adani Power which was challenged by Haryana in APTEL to protect the interest of 55 lakh (5.5 million) electricity consumers of the state," a state government spokesman said. He pointed out that thermal power plants were not getting enough coal supplies and existing stocks were depleting fast. The Haryana government had, in August 2008, signed its biggest so far power purchase and power-sharing agreements totalling 3,044 MW with various private and public sector companies for power supply for the next 25 years. Out of this, the agreement with Adani Power was for 1,424 MW. The CERC had, in February, separately allowed compensatory tariff to both Tata Power and Adani Power on the basis of a formula to make up for the increase in cost of imported coal. In 2011, both companies had petitioned CERC for a tariff hike after Indonesia hiked the price of its coal.