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Vypeen Beach Corridor Project gets lease of life
Vypeen Beach Corridor Project gets lease of life

New Indian Express

timea day ago

  • Business
  • New Indian Express

Vypeen Beach Corridor Project gets lease of life

KOCHI: The ambitious Vypeen Beach Corridor Project, envisioned in 2017, has received a new lease of life with the state government granting administrative sanction to the proposal, albeit in a watered-down version. Instead of the Rs 4-crore project that would have catalysed the development of Ernakulam district's coastal stretch by connecting multiple beaches from Vypeen to Munambam, the new version enables infrastructure development at only three beaches. Vypeen MLA's office said the new project will bring tourism infrastructure at Cherai, Munambam and Kuzhuppilly beaches. 'An amount of Rs 2.98 crore has been approved by the works committee and KEL (Kerala Electrical and Allied Engineering Company) has prepared a detailed project report for the proposal,' an official with the MLA's office told TNIE. Sources pointed out that the project got delayed by eight years due to the objections raised by the Coastal Zone Management Authority. There was also the issue that these beaches are in sensitive places. The project in its original format would have seen the development of a coastal stretch, while enhancing tourism and fishing activities. The project included developing amenities, watchtowers, and kiosks, besides mangrove restoration and the potential construction of an oceanarium. Now, with KEL submitting a revised plan for the project that adheres to CRZ norms and the number of beaches being brought down to three, where the security aspect doesn't pose a hurdle, the tourists arriving at these spots will have a good time. A tourism official said, under the project, plans have been made to construct parking facilities and benches and to upgrade restrooms. 'There are also plans to set up cafes at these beaches. They will be operated under the policy of enabling the local community to earn a livelihood from tourism,' the official said.

Nepra clears KE's BERs for two solar, one hybrid projects
Nepra clears KE's BERs for two solar, one hybrid projects

Business Recorder

time28-05-2025

  • Business
  • Business Recorder

Nepra clears KE's BERs for two solar, one hybrid projects

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has cleared KE's Bid Evaluation Reports (BERs) of two solar - 50 MW and 100 MW power projects - and 220 MW site neutral Hybrid Project at Dhabeji Grid and its Competitive Trading Bilateral Contract Market (CTBCM) integration plan. KEL carried out separate competitive bidding processes for the two solar projects, and in accordance with Regulation 11 of the NCBTR and paragraph 28 of the Decision, submitted the BERs to the Authority on August 28 2024, for the approval of these BERs and the bidding process. KEL stated that upon approval of the BERs, it shall notify the successful bidder and proceed with the subsequent procedural steps. KEL submitted the BERs including therewith all the information as stipulated in Regulation 11(1) of NCBTR. KEL noted that Master Textile Mills Limited ('MTML') emerged as the lowest responsive bidder for both projects, having successfully cleared the technical evaluation and submitted the lowest financial bids. According to KEL's submission, notification to the successful bidder shall be issued upon receipt of the Authority's approval of the BERs. 220MW hybrid project: KE tells Nepra won't seek additional costs The Authority has directed KEL that any adverse financial impact resulting from the delay in execution of generation or transmission projects whether on account of KEL or the successful bidder shall not be passed on to the consumers in any form and this condition shall be appropriately reflected in the relevant project agreements. In view of the foregoing, the Authority was satisfied that the bidding process conducted by KEL complies with the applicable provisions of the NCBTR-2017 as well as the directions issued by the Authority from time to time. Given that the projects were duly optimized in the approved Indicative Generation Capacity Expansion Plan ('IGCEP') and included in the approved Power Acquisition Plan ('PAP'), the Authority approved the BERs submitted by KEL in respect of its 100 MWp Solar PV Project at Bela and 50 MWp Solar PV Project at Winder, Balochistan. This decision was to form the basis for regulatory processing of the tariff petition in accordance with the applicable laws, rules, and regulations. On the issue of 220 MW site neutral hybrid project at Dhabeji Grid the Authority said that it is satisfied that the bidding process conducted by KEL complies with the applicable provisions of the NCBTR-2017 as well as the directions issued by the Authority from time to time. The Authority noted that KEL had initially indicated the possibility of equity participation in the projects, which was approved in the Decision, subject to certain directions. However, upon review of the submitted BERs, it was noted that KEL opted not to participate in the projects, as an equity shareholder. Accordingly, the Authority's directions regarding equity participation do not apply in the present circumstances. It was noted that KEL's submissions regarding the transparency of the bidding process appeared to be well-founded. The timely communication with bidders, publishing the RFP on its website, requiring both hard and soft copy submissions via SAP ARIBA, and uploading all correspondences, clarifications, and amendments on both ARIBA and its website for equal access to information, showed that the bidding process was visible and transparent. Additionally, the Authority noted that no grievance or complaint was filed by any participating bidder during the entire bidding process before the designated GRC, and during the instant proceedings. Furthermore, all documentation, procedural steps, and disclosures required under the NCBTR-2017 were verified, and found to be in order by the Authority. In light of the foregoing, the Authority was satisfied that the competitive bidding process undertaken by KEL was carried out in a transparent manner and was in compliance with the provisions of the NCBTR-2017, as well as the directions issued by the Authority in the decision. KEL stated in the subject BERs dated 19 December 2024 that based on the evaluation criteria, MTML offered the lowest tariff of Rs 11.6508 /kWh (US Cents 4.0363/kwh) for 50MWp Winder project, and Rs 11.2071 /kWh (US Cents 3.8826/kwh) for 100MWp Bela project. KEL was informed that it has duly complied with the directions of the Authority in the approved RFP regarding prudence check and displacement of expensive units. And was asked to submit a revised displacement working reflecting the updated assumptions and parameters. The Authority noted that the revised analysis reflected a more holistic view of the system-level impact of the 150 MW renewable addition. The Authority reviewed those workings and observed that KEL had the responsibility of justifying the benefits of cost savings by procuring energy from these projects, and a sufficiently reasoned and data supported case has been presented to justify the procurement of these projects on the grounds of displacing costlier generation, demonstrating potential savings in energy costs and FOREX outflow through the replacement of expensive generation sources with lower-cost renewable energy. Given that the Projects were duly optimized in the approved Indicative Generation Capacity Expansion Plan (''IGCEP') and included in the approved Power Acquisition Plan ('PAP'), the Authority has approved the BER submitted by KEL in respect of 200 MWp -AC Peak (with a +20% allowance) Site Neutral Hybrid power project at Dhabejl Grid Station. This decision shall form the basis for regulatory processing of the tariff petition in accordance with the applicable laws, rules, and regulations. On integration plan, NEPRA said that keeping in view the material implications of commercial allocation of existing PPM / ERAs, Plan for KE's integration is subject to finalization of commercial allocation of existing PPAs/ EPAs and mechanism for capacity invoicing for supply from National Grid, at the time of commencement of CTBCM, as well as other areas which need to be firmed up as part of CTBCM implementation phase, detailed in the Plan. As detailed in Section 2.2.2 of the Plan, KR's current MYT is for a 7-year tariff control period, expiring on June 30, 2023. As per the CTBCM detailed design and also detailed in plan, ICE shall participate in CTBCM in various service providers as well as market participants. In order to align with the framework which proposes central despatch, KE, as part of the implementation phase shall evaluate appropriate tariff structure, agree on key principles with NEPRA and will accordingly file its tariff petition with NEPRA by July 2022. Copyright Business Recorder, 2025

Kunnukuzhy abattoir's trial run to begin on June 5
Kunnukuzhy abattoir's trial run to begin on June 5

Time of India

time27-05-2025

  • Business
  • Time of India

Kunnukuzhy abattoir's trial run to begin on June 5

T'puram: The trial run for the abattoir at Kunnukuzhy in the state capital is set to begin on June 5. The official commissioning of the project will also take place in June. According to corporation secretary, Jahamgeer S, all works related to the abattoir have been completed and only minor works are pending at the bio-filter component. Tired of too many ads? go ad free now "We have decided to start a trial run on June 5. The abattoir will be fully operational in June itself after an inauguration," he said. Kerala Electrical and Allied Engineering Company is entrusted with the construction. Major infrastructure components, including the slaughterhouse and the biofilter system, have already been completed. Additionally, the corporation plans to establish a cold storage outlet on the premises to provide fresh meat directly to the public. Estimated at Rs 10 crore, the slaughterhouse was originally slated for completion in April 2022. Despite being handed over to KEL to accelerate construction, delays persisted, primarily due to design flaws and issues with the effluent treatment plant proposed by the Suchitwa Mission. Last year, corporation allocated Rs 73 lakh from its plan fund to revive the project. The biofilter component alone, critical for waste management, was awarded to MR Farms at a cost of Rs 2.49 crore. Opposition parties had earlier alleged that the work on the state-of-the-art abattoir project got delayed inordinately due to the corporation's lapses in disbursing funds to contractors in time. Once operational, Kunnukuzhy abattoir will have the capacity to process 120 animals simultaneously using modern waste disposal systems.

Kinetic Engineering Grants Brand License to KWV to Drive EV Vision
Kinetic Engineering Grants Brand License to KWV to Drive EV Vision

Entrepreneur

time14-05-2025

  • Automotive
  • Entrepreneur

Kinetic Engineering Grants Brand License to KWV to Drive EV Vision

Under the licensing agreement, KWV receives a non-exclusive right to use the Kinetic brand for three years, with provisions for renewal based on market and strategic alignment. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Kinetic Engineering Limited (KEL), a pioneer in India's automotive landscape, has announced the official grant of its iconic Kinetic brand license to its subsidiary, Kinetic Watts and Volts Ltd. (KWV), marking a bold step into the electric vehicle (EV) era. Incorporated on September 27, 2022, KWV was created with the mandate to explore alternative mobility solutions, particularly in the EV space. With this development, KWV is poised to unveil its EV product portfolio and go-to-market strategy. The move signals the company's readiness to commence commercial operations, supported by robust partnerships and a clear roadmap to cater to the growing demand for sustainable mobility in India. KEL, alongside other promoters, has invested INR 42.83 crore in KWV and plans to infuse an additional INR 29 crore shortly. This will bring the total investment to INR 71.83 crore and increase KEL's ownership in KWV to 80%, reinforcing its strategic commitment to electric mobility. Ajinkya Firodia, Vice Chairman and Managing Director, Kinetic Engineering Ltd, said, "The Kinetic brand has been a symbol of innovation, trust, and progress for over five decades. As we step into the electric era, we are excited to see Kinetic Watts and Volts carry this proud legacy forward. This license is not just a business arrangement – it's the handover of a rich heritage into capable hands, committed to shaping the future of mobility." Under the licensing agreement, KWV receives a non-exclusive right to use the Kinetic brand for three years, with provisions for renewal based on market and strategic alignment. This partnership will allow KWV to build on Kinetic's brand equity while developing cutting-edge EVs tailored for the Indian consumer. Meanwhile, Kinetic Group is deepening its EV ecosystem presence, supplying critical components such as gearboxes and axles, and has also entered the battery manufacturing sector under its "Range X" brand. This milestone marks Kinetic's strong push towards redefining mobility for India's electric future.

Kinetic Engineering grants license to Kinetic Watts and Volts for EV expansion
Kinetic Engineering grants license to Kinetic Watts and Volts for EV expansion

Time of India

time14-05-2025

  • Automotive
  • Time of India

Kinetic Engineering grants license to Kinetic Watts and Volts for EV expansion

Kinetic Engineering Limited (KEL) has granted a brand license to its subsidiary, Kinetic Watts and Volts Ltd. (KWV), to utilise the Kinetic brand in the electric vehicle (EV) sector. KWV, established in September 2022, is preparing to launch its EV product line, rollout strategy, partnerships, and market plans, backed by a ₹71.83 crore investment from KEL and other promoters. With this, KEL will hold an 80 per cent stake in KWV. This move allows KWV to leverage the Kinetic brand's legacy in the rapidly expanding Indian EV market , while KEL continues to be a key supplier of EV components and expands into battery manufacturing under the "Range X" brand. Under the agreement, KWV will have the non-exclusive right to use the Kinetic brand name and trademarks for its EV business. Ajinkya Firodia , Vice Chairman & Managing Director, Kinetic Engineering Ltd., said: 'This license is not just a business arrangement – it's the handover of a rich heritage into capable hands, committed to shaping the future of mobility. We believe that by combining our iconic brand with cutting-edge electric technology, Kinetic Watts and Volts will create products that resonate deeply with Indian consumers and set new benchmarks in the EV space.' The initial term of this agreement is three years, post which there will be a review to ascertain if they align with the group's long-term vision, market conditions, and any potential expansion into new areas or international markets.

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