SMA SOLAR TECHNOLOGY AG CONCLUDES SALE OF SMA RAILWAY TECHNOLOGY GMBHSMA Solar Technology AG (SMA/FWB: S92) concluded sale of its subsidiary SMA Railway Technology GmbH today. The buyer is the leading Chinese railway technology group Beijing Dinghan Technology Co., Ltd. The buyer and the seller have agreed not to disclose the purchase price. The transaction will contribute positively to the SMA Group’s earnings in the first quarter of 2017. Against this backdrop, the SMA Managing Board forecasts sales of €165 million to €175 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of €15 million to €18 million for the first quarter of this year. The SMA Managing Board is confirming its sales and earnings guidance for fiscal year 2017 as published on January 26, 2017, which forecasts sales of between €830 million and €900 million and EBITDA of between €70 million and €90 million.
State-run NTPC has recorded its highest-ever power generation capacity 866.47 million units in a day from sources like coal, solar, gas and hydro. “Powering India: Accounting for a quarter of India’s power generation, NTPC achieves its highest ever electricity output on 9th September,” Power Minister Piyush Goyal said in a tweet today. NTPC has produced 866.47 million units of electricity from various sources like coal, gas, solar and hydro on September 9, 2016, a senior official said. NTPC Ltd, on standalone basis, produced 782.32 million units, including 741.32 million units generated from coal based power plants on September 9. Earlier, NTPC had touched its peak power generation on June 3, 2016, at 846.1 million units. NTPC Ltd’s standalone production stood at 767.54 million units including 730.58 million units from coal based power plants.
NTPC’s present installed capacity is 47,228 MW (including 6,966 MW through JVs/Subsidiaries) comprising of 44 NTPC stations (18 coal-based stations, 7 combined cycle gas/liquid fuel based stations, 1 hydro-based station), 9 joint venture stations (8 coal-based and one gas-based) and 9 renewable energy projects. The company’s gross power generation during the quarter ended June 30, 2016, rose almost 10 per cent to 64.55 billion units (BUs), over 58.69 BUs year ago. NTPC Ltd’s had reported 4 per cent rise in standalone net profit to Rs 2,369.53 crore for the first quarter of this fiscal due to increased power generation and better utilisation of coal-based plants. The plant load factor or proportion of capacity utilisation of the NTPC Ltd’s coal-based power plants was 81.35 percent in April-June quarter of the ongoing fiscal.