{"id":134493,"date":"2023-08-27T09:39:23","date_gmt":"2023-08-27T09:39:23","guid":{"rendered":"https:\/\/finbestnews.com\/?p=134493"},"modified":"2023-08-27T09:39:23","modified_gmt":"2023-08-27T09:39:23","slug":"why-private-manufacturers-shun-super-critical-thermal-plants","status":"publish","type":"post","link":"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/","title":{"rendered":"Why private manufacturers shun super-critical thermal plants"},"content":{"rendered":"

This includes distancing themselves from the new and emerging super-critical technology.<\/strong><\/p>\n

Leading private sector manufacturing majors are not keen on the super-critical thermal power plants, which are slowly becoming the norm for the power-generation sector.<\/p>\n

In contrast, government-owned manufacturing major BHEL is pinning its growth plans in the power sector on this new technology.<\/p>\n

Fueled by energy transition objectives and stiff competition from state-owned BHEL in this segment, companies such as Larsen & Toubro (L&T) and Thermax, typically big component suppliers to the thermal power industry, are stepping back from thermal power.<\/p>\n

This includes distancing themselves from the new and emerging super-critical technology.<\/p>\n

Super-critical power plants operate with 20-30 per cent more water efficiency compared to conventional thermal power, and also generate 20 per cent fewer emissions by the same comparison.<\/p>\n

All new power plants in the country are being constructed using super-critical technology.<\/p>\n

Senior executives from L&T (L&T) and Thermax Global have expressed their lack of interest in bidding for potential orders in the super-critical segment.<\/p>\n

For both companies, the dissuading factor remains the same: the lack of sufficient orders.<\/p>\n

Ashish Bhandari, managing director and chief executive officer for Thermax, said in a post-quarterly results call that super-critical power projects were long-term in nature.<\/p>\n

The company does not find it a viable option to train and allocate its resources for a one-off or mere handful of such projects.<\/p>\n

In recent years, Thermax has shifted its strategy to concentrate on green energy projects.<\/p>\n

S N Subrahmanyan, managing director and CEO of L&T, said the company was unlikely to bid for any super-critical projects.<\/p>\n

He said: “For the handful of orders we have to compete with BHEL, I don’t think so (we will participate),” he said, adding that competing for these projects with BHEL, which has vast idle capacity, could result in low margins.<\/p>\n

BHEL has in its portfolio some of the largest super-critical thermal power plants.<\/p>\n

During a recent analyst call, the company’s management projected that close to 20-25 Gigawatt (Gw) will be tendered out in the next three-four years.<\/p>\n

“In the thermal pipeline, we are looking at almost 3 Gw where we are favourably placed. Another almost 6 Gw is under bidding already and almost 9 Gw to be bid out, which may, of course, go into the next year,” the management said during an analyst concall in May 2023.<\/p>\n

“There was an 8.87 per cent growth in electricity generation in FY23, which is expected to grow by another almost 8 per cent in FY24.<\/p>\n

“With the order for the 2×660 Mw NTPC Talcher thermal power plant, BHEL has reasserted its market leadership position in the segment and is targeting other upcoming opportunities as well,” said the management.<\/p>\n

Among the thermal capacity coming into play, NTPC has 7 Gw of capacity on standalone and an additional 3 Gw with its joint venture subsidiaries.<\/p>\n

Other organisations planning thermal capacity include Coal India, DVC, and Neyveli Lignite. States are also working on building thermal capacity to the tune of 4 Gw.<\/p>\n

For L&T, the decision to refrain from participating in the super-critical ecosystem is also guided by its choice to invest more in green energy and reduce fossil fuel exposure.<\/p>\n

In a recent interview, A M Naik, chairman for L&T, told Business Standard<\/em> that while the company was contemplating setting up shop for its green energy business, he suggested they use the existing shop floors meant for coal-based power plant projects.<\/p>\n

“At Hazira, I suggested not to create new shops, use the ones for coal (thermal power projects) shops, for green,” he said.<\/p>\n

<\/p>\n

Feature Presentation: Ashish Narsale\/Rediff.com<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This includes distancing themselves from the new and emerging super-critical technology. Leading private sector manufacturing majors are not keen on the super-critical thermal power plants, which are slowly becoming the norm for the power-generation sector. In contrast, government-owned manufacturing major BHEL is pinning its growth plans in the power sector on this new technology. Fueled by energy transition objectives and […]<\/p>\n","protected":false},"author":3,"featured_media":134492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nWhy private manufacturers shun super-critical thermal plants - Finance Best News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why private manufacturers shun super-critical thermal plants - Finance Best News\" \/>\n<meta property=\"og:description\" content=\"This includes distancing themselves from the new and emerging super-critical technology. Leading private sector manufacturing majors are not keen on the super-critical thermal power plants, which are slowly becoming the norm for the power-generation sector. In contrast, government-owned manufacturing major BHEL is pinning its growth plans in the power sector on this new technology. Fueled by energy transition objectives and [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Best News\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-27T09:39:23+00:00\" \/>\n<meta name=\"author\" content=\"Bertha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/finbestnews.com\/wp-content\/uploads\/2023\/08\/Why-private-manufacturers-shun-super-critical-thermal-plants.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bertha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/\",\"url\":\"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/\",\"name\":\"Why private manufacturers shun super-critical thermal plants - Finance Best News\",\"isPartOf\":{\"@id\":\"https:\/\/finbestnews.com\/#website\"},\"datePublished\":\"2023-08-27T09:39:23+00:00\",\"dateModified\":\"2023-08-27T09:39:23+00:00\",\"author\":{\"@id\":\"https:\/\/finbestnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/finbestnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/finbestnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Why private manufacturers shun super-critical thermal plants\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/finbestnews.com\/#website\",\"url\":\"https:\/\/finbestnews.com\/\",\"name\":\"Finance Best News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/finbestnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/finbestnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Bertha\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why private manufacturers shun super-critical thermal plants - Finance Best News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/","og_locale":"en_US","og_type":"article","og_title":"Why private manufacturers shun super-critical thermal plants - Finance Best News","og_description":"This includes distancing themselves from the new and emerging super-critical technology. Leading private sector manufacturing majors are not keen on the super-critical thermal power plants, which are slowly becoming the norm for the power-generation sector. In contrast, government-owned manufacturing major BHEL is pinning its growth plans in the power sector on this new technology. Fueled by energy transition objectives and [...]","og_url":"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/","og_site_name":"Finance Best News","article_published_time":"2023-08-27T09:39:23+00:00","author":"Bertha","twitter_card":"summary_large_image","twitter_image":"https:\/\/finbestnews.com\/wp-content\/uploads\/2023\/08\/Why-private-manufacturers-shun-super-critical-thermal-plants.jpg","twitter_misc":{"Written by":"Bertha","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/","url":"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/","name":"Why private manufacturers shun super-critical thermal plants - Finance Best News","isPartOf":{"@id":"https:\/\/finbestnews.com\/#website"},"datePublished":"2023-08-27T09:39:23+00:00","dateModified":"2023-08-27T09:39:23+00:00","author":{"@id":"https:\/\/finbestnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/finbestnews.com\/business\/why-private-manufacturers-shun-super-critical-thermal-plants\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/finbestnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/finbestnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Why private manufacturers shun super-critical thermal plants"}]},{"@type":"WebSite","@id":"https:\/\/finbestnews.com\/#website","url":"https:\/\/finbestnews.com\/","name":"Finance Best News","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/finbestnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/finbestnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Bertha"}]}},"_links":{"self":[{"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/posts\/134493"}],"collection":[{"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/comments?post=134493"}],"version-history":[{"count":0,"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/posts\/134493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/media\/134492"}],"wp:attachment":[{"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/media?parent=134493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/categories?post=134493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finbestnews.com\/wp-json\/wp\/v2\/tags?post=134493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}