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Maharashtra starts process to replace old thermal plants with supercritical ones

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"Such plants need lesser amount of coal and have increased capacity. Supercritical plants cause at least eight times less pollution compared to the traditional power plants.

THE MAHARASHTRA Power Generation Company (Mahagenco) is planning to convert its retiring thermal power plants into supercritical ones. A proposal is being prepared by the company to be presented to the holding company Maharashtra State Electricity Board (MSEB) and the Maharashtra Electricity Regulatory Commission (MERC). A month after the Union power ministry announced its resolve to phase out power plants older than 25 years and replace them with supercritical ones, Mahagenco has already started preparing for the same. Union Minister Piyush Goyal had last month announced that power plants of NTPC, which together produced around 11,000 MW power, will be phased out gradually and converted into ‘super critical plant’. These plants will not only increase capacity but reduce pollution, he had said.

“Such plants need lesser amount of coal and have increased capacity. Supercritical plants cause at least eight times less pollution compared to the traditional power plants,” said Bipin Shrimali, the chairman and managing director of Mahagenco.

Until last year, Mahagenco had decommissioned two units of 210 MW each at the Chandrapur plant, one 210 MW unit at Parli power plant and one 200 MW unit at Koradi power plant.

The Koradi unit was recently replaced by a 3,300 MW supercritical plant which was inaugurated by Prime Minister Narendra Modi. Mahagenco officials said that the generation company was planning to replace the rest with supercritical units.

However, given that the state has surplus power, Mahagenco may not add capacity to the plants. “The plan is to replace the existing capacity so far and not add capacity,” said an official on the condition of anonymity. He added that as the production cost is lower in case of supercritical plants, the tariff too will be lower and consumers could benefit from it.

The state-owned power generation company is now awaiting the demand supply data from its sister distribution company Maharashtra State Electricity Distribution Company Ltd (MSEDCL).

“Our proposal will map the needs of the distribution company as per the power purchase agreement between the two companies,” said the official. In a recent hearing, the MSEDCL was directed by the MERC to prepare a detailed future plan based on its current demand and supply by mid-May.

Mahagenco will then plug its proposal to the distribution company’s needs and seek approval from the MSEB.

Source: http://indianexpress.com

IFC ropes in JICA for power plant in Bangladesh

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KOLKATA: IFC (International Finance Corporation), a member of the World Bank Group, has roped in Japanese agency JICA to invest $30 million in Sembcorp North-West Power Company Ltd.

Sembcorp North-West Power Company Ltd is a joint venture between Sembcorp Utilities and Bangladesh government owned North-West Power Generation Company Ltd. It is building a 414MW dual-fuel combined-cycle power plant at Sirajganj in Bangladesh. The plant will significantly expand power-generation capacity in Bangladesh.

JICA's $30 million is part of the total financing package of $ 165 million that includes a loan from IFC’s own account as well as additional loans mobilised through partners. The total project cost is estimated at around $412 million.

"The project is expected to be one of the most efficient plants in the country that will help modernize Bangladesh's power sector," JICA's senior vice-president Kenichi Tomiyoshi said in a statement.

This transaction is IFC's first co-investment with JICA since the two organizations signed a master cooperation agreement in April 2015.

Tang Kin Fei, group president and CEO, Sembcorp Industries, said, "Sembcorp's commitment towards supporting Bangladesh's vision for continued growth and development is further strengthened with support from JICA, IFC, and other global investors. Sembcorp's Sirajganj power plant will provide cost-effective and reliable energy solutions to the country for more than 22.5 years after its completion.”

"Bangladesh is on an ambitious growth path. Addressing the electricity gap is an immediate need. With JICA’s first investment into the country, IFC is confident of making a positive impact on the economy and the quality of life of Bangladeshi people. The project will help address the electricity gap while lowering the cost of generation," said Hyun-Chan Cho, IFC's Asia-Pacific Head for Infrastructure.

Nearly 40% of Bangladesh’s 160 million population live without access to electricity. Citizens encounter frequent blackouts. Severe power shortages are a major bottleneck for the growth of the job-creating manufacturing sector, hampering economic growth and poverty-alleviation efforts.

The power plant will be the second largest power plant in the country and represents the largest foreign direct investment into this sector in recent years. The success of the project will demonstrate the profitability and sustainability of public and private-sector partnerships in Bangladesh’s power sector to international players, helping attract additional capital to the sector.

IFC promotes sustainable growth and private-sector development in Bangladesh by investing in critical infrastructure, boosting financial inclusion, enhancing textiles competitiveness, and supporting reforms to make doing business easier for the private sector.

IFC committed $635 million in Bangladesh, in own and mobilized funds across 13 projects, for the fiscal year ended June 30, 2016. IFC’s committed portfolio in Bangladesh is about $1 billion in 47 projects.

Source: economictimes.indiatimes.com

Salem steel plant to get sold in e-auction

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CHENNAI: Loss making public sector enterprise Salem Steel Plant (SSP), a unit of Steel Authority of India Ltd (SAIL), will soon be sold in an e-auction, according to a BSE filing on Tuesday.

SSP, which pioneered the supply of wider width stainless steel sheets and coils in India, has been making losses for the last five years despite SAIL investing 2,200 crore in the Salem-unit for mordernisation and expansion.

India's largest steel maker SAIL on Tuesday disclosed to Sebi that the Union Ministry of Steel has communicated with it the "in-principle" approval of the Cabinet Committee on Ecomonic Affairs (CCEA) for strategic disinvestment of three units - namely the Bhadrawati, Salem and Durgapur alloy steel plants units of state-owned SAIL.

"Disinvestment of these units shall be to strategic buyers to be identified through two stage auction process, as recommended by the core group of secretaries on disinvestment," said the BSE filing.

Jindal Stainless is likely to bid for SSP as other likely suitors like Tata Steel-Unisor stay away. Started in 1970, the landmark plant in Salem employs more than 2,000 workers and has seen its losses more than triple to Rs 349 crore in 2015-16 from Rs 100 crore in 2011-12.

SSP accounted for 8% (Rs 349 crore loss) of SAIL's net loss of Rs 4,137 crore in the last fiscal. The Salem plant has a capacity to prodice 70,000 tonnes per annum in cold rolling mills and 3.64 lakh tonnes a year in hot rolling mills.

This move has been taken based on Niti Aayog's recommendations to make public-sector units more profitable. Earlier this month, Union Minister of Heavy Industries and Public Enterprises Anand Geete told TOI that "the public can be reassured that the disinvestment in government PSUs will not exceed 5%."

Source: timesofindia.indiatimes.com

Adani commissions 100 MW solar plant in Punjab

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Adani Enterprises BSE -7.56 % Ltd today announced the commissioning of Punjab's largest solar power plant of 100 MW, at an investment of Rs 640 crore.

The plant has been set up by its subsidiary Adani Green Energy Ltd, Adani Group said in a press release.

Punjab Deputy Chief Minister Sukhbir Singh Badal and senior officials were present on the occasion. The plant is situated at Sardargarh & Chughe Kalan, Bhatinda.

The company said it is using top notch technology to set up the entire 100 MW solar plant project, which has started commissioning almost six months ahead of schedule.

Indirect and direct employment opportunities were created for a total of around 300-400 personnel, who worked diligently to achieve this feat ahead of its time, it said.

"I would like to take this opportunity to express my gratitude to the Chief Minister and the government of Punjab, present here today, for their endless support and playing a huge role in helping us achieve this enormous feat," said Adani Group Renewable Energy Business CEO Jayant Parimal in the statement.

The solar plant is not only the largest project in Punjab but will also prove to be the largest tracker-based solar project in the country.

The technology used for setting up this plant includes Poly Crystalline Silicon PV Modules and Horizontal Single Axis Tracker (HSAT).

This plant will be India's biggest HSAT plant at a single location. The plant spreads over approximately 641 acres of land with the evacuation of 132 kV Balluana Substation through Double circuit 132 KV transmission line. The annual energy yield is expected to be approximately 88,000 Mwh/annum.

Adani Group is a leading player in solar power generation in the country. The company has a 40 MW solar plant at Bitta, Gujarat and has recently unveiled a 648 MW solar power project at Ramanathapuram district in Tamil Nadu which is the world's largest solar power plant at a single location.

Moreover the company has also signed a JV with the Rajasthan government to develop the country's largest solar park in the state with 10,000 MW capacity.

Source: economictimes.indiatimes.com

 

Government slaps $1.55 million penalty on Reliance, BP and Nikko for migrating natural gas from ONGC block

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A committee had said that Reliance Industries action of migration of natural gas and the subsequent profits from it was an act of 'unjust enrichment'.

Government has slapped a USD 1.55 billion demand on Reliance Industries and its partners BP and Niko for “unfairly enriching” by producing natural gas belonging to state-owned ONGC, a move that is most likely to land in arbitration.

The oil ministry on November 3 issued a notice to all the three partners seeking USD 1.47 billion for producing 338.332 million British thermal unit in seven years ended March 2016.

After deducting USD 71.71 million royalty paid on the gas produced and adding an interest at the rate of Libor plus 2 per cent totaling USD 149.86 million, a total demand of USD 1.55 billion was made on RIL, BP and Niko.

Originally, ONGC had sought suing RIL and seeking compensation for the gas that had migrated from its blocks KG-DWN-98/2 (KG-D5) and Godavari PML in the KG basin in the Bay of Bengal to neighbouring KG-DWN-98/3 (KG-D6) block of RIL and produced by the private company.

The government had appointed a one-man committee under retired Justice A P Shah to go into the issue. The panel in its report on August 29 felt that the government and not ONGC is entitled to compensation.

Subsequently, the ministry asked its upstream technical arm DGH to calculate the amount of compensation and a demand notice has now been slapped on RIL-BP-Niko.
“The committee has concluded that the contractor’s (RIL- BP-Niko) production of migrated gas and retention of ensuing benefits amounts to unjust enrichment, since the production sharing contract (PSC)… does not permit a contractor to produce and sell migrated gas,” the demand note said.

The ministry said it had accepted the Shah committee report and consequently “it has been decided by the government to claim restitution from the contractor of the block KG-DWN- 98/3 for the unjust benefit received and unfairly retained by them”.

The notice also sought USD 177 million in profit petroleum from the partners after the government disallowed certain costs previously for KG-D6 output not matching targets.

Since both the ministry as well as the Shah panel had cited provisions of the signed PSC between the patners and the government, the issue may be headed for arbitration.

RIL contests that it had knowingly produced any gas belonging to ONGC as all the wells it drilled were within the boundary walls of KG-D6 block and with explicit permission of the government.

While RIL and partners are likely to contest the compensation claim, arbitration is likely to be resorted to as that is the dispute resolution mechanism set out under PSC for settling any differences between the government and a private contractor.

The cost disallowance issue is already under arbitration.

RIL did not offer any immediate comments but a BP spokesperson said: “We have received a letter from the government on the issue of migration of gas from the neighboring block. We believe resolution of such geological boundary disputes should be based on well-established international petroleum industry practices and in line with the PSC.”

Source: indianexpress.com

 

 

Adani, JSW and SembCorp in race to buy BC Jindal group’s Odisha power plant

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Jindal India Thermal Power Ltd (JITPL), a part of the BC Jindal group, is in talks with prospective buyers to sell its 1,200MW thermal power plant in Odisha, three people familiar with the development said.

The plant in Odisha’s Angul district has so far received competing offers from Singapore’s SembCorp, Adani Power and JSW Energy, one of the three people cited above said, requesting anonymity.

“The sell side mandate was given to EY around three months ago following which SembCorp has made an upfront cash offer of close to Rs1,600 crore for the equity component of the project,” said the person cited above.

“JSW and Adani have offered a higher price of more than Rs2,000 crore, but the offer involves an upfront cash payment of around Rs500 crore to Rs600 crore towards equity and the remaining upon fulfilment of certain conditions linked to singing of power purchase agreements and coal linkages,” the person said.

“JSW is keen to replicate the same structure it followed while buying JSPL’s (Naveen Jindal-led Jindal Steel and Power Ltd’s) 1,000MW thermal unit this year, where it paid Rs500 crore cash advance while tying up the rest of the payment to pre-defined conditions regarding fuel security and power offtake,” the person added.

Emails sent to Adani group, SembCorp and EY did not elicit any response at the time of going to press.

A JSW Energy spokesperson denied that the company is in talks to buy the asset.

“Your query is completely speculative and baseless. The company reiterates that there is no truth and categorically deny any discussion by JSW Energy with them,” the spokesperson said.

JITPL is controlled by listed firms Jindal Poly Investments Ltd (JPIL) and Jindal Photo Ltd (JPL) through Jindal India Powertech Ltd, a holding company owned by JPIL and JPL.

“The promoters have been in talks to sell the unit in the past too, but a deal did not materialize due to valuation mismatches. However, things are likely to be different this time because JITPL needs some immediate cash infusion to pay lenders and is already behind its repayment schedule,” the second person said, also declining to be named.

“Also, a section of minority shareholders want the promoters to divest from power and focus on the core poly films business,” the person added.

An email sent to JITPL and BC Jindal group did not receive a response.

The Angul project was completed at a cost of Rs7,537 crore with overall debt of Rs5,900 crore and an equity of Rs1,637 crore.

Industry analysts said that if the SembCorp offer is accepted, JIPL and JPL could get Rs600 crore and Rs160 crore, respectively, of the proceeds and another Rs685 crore to Jindal Poly Films Ltd, the listed operating entity of the group.

JITPL currently has long-term power purchase agreements (PPAs) for 256MW capacity (156MW with Odisha Gridco and 100MW with Kerala State Electricity Board Ltd) and has also executed a 12-year PPA with Tata Power Trading Corp. Ltd (TPTCL) for a capacity of up to 900MW at a guaranteed base tariff of Rs2.70 per unit.

Concerns over fuel supplies, high interest cost and absence of long-term PPAs among thermal power producers in India has led to distress among several power companies and has led to many assets changing hands.

In July, Sajjan Jindal-promoted JSW signed a definitive agreement to acquire Jaiprakash Power Ventures’ 500MW thermal plant at Bina in Madhya Pradesh at base enterprise value of Rs2,700 crore. In April last year, Adani Power completed the acquisition of Lanco Infratech’s Udupi Power plant for Rs6,300 crore, one of the largest takeovers in the country’s thermal power space.

Mint on 19 October also reported about SembCorp’s ongoing talks with GMR group for a possible acquisition of GMR Chhattisgarh Energy Ltd, a unit of GMR Energy Ltd with 1,370MW generation capacity.

Source: livemint

Coal India leads state-run companies in preventive vigilance

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The coal sector has emerged as the frontrunner among 20 government undertakings that have brought down corruption under the NDA government. The discriminatory allocation of coal blocks had dragged even former Prime Minister Manmohan Singh into the controversy during the UPA government’s tenure.

Central Vigilance Commissioner KV Chowdary on Monday said Coal India was among the top public undertakings in ‘preventive vigilance’ that started in 2015 seeking suggestion from public undertakings and government departments to bring down corrupt practices.

The list and rankings of all the 20 departments will be released by Prime Minister Narendra Modi on November 7, said officials.

According to CVC, Coal IndiaBSE -0.17 % has introducing GPS-enable trucks to carry coal from mines to so said that they are trying to develop a mechanism for reporting of big bank frauds.

“A meeting was held with senior finance ministry officials, banks, RBI and CBI. We have come up with reporting and definition of fraud for banks,” vigilance c ..

The anti-corruption watchdog plans to hold meetings of senior officials of Finance Ministry officials, CBI and Reserve Bank of India every month to monitor probe in suspected bank frauds of Rs 50 crore and above.

Source: economictimes.indiatimes.com

TN TO BECOME INDIA’S MAJOR SOLAR POWER HUB

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India, Tamil Nadu and the Adani Group graduated into the global solar energy map with the commissioning and inauguration of the world’s single- largest solar power plant at Ramanathapuram district of the State. With the commissioning of this plant, Tamil Nadu is on its way to emerge as the country’s power hub, according to sources in Tamil Nadu Generation and Distribution Company.

A 648 MW solar power plant costing Rs4,550 crore spread across 5,000 acres of land was dedicated to the nation by Tamil Nadu Chief Minister J Jayalalithaa from Fort Saint George (Tamil Nadu Government’s seat of power) in Chennai through video conferencing on Thursday. The plant was built at a record time of eight months amidst efforts by some political parties to derail the work.

Adani Group, a multinational company specialising in infrastructure development which is also the single largest private thermal power producer in the country had launched Adani Green Energy (Tamil Nadu) Ltd to set up the world’s single largest solar power plant.

According to a release issued by the Adani Group, ‘8,500 persons worked round-the clock for averaging out about 11 MW of installation in a day to set up the plant’. Gautam Adani, the 54-year-old chairman of Adani Group, described the dedication of the plant as a momentous occasion for India as well as Tamil Nadu. “A plant of this magnitude reinstates the country’s ambition of becoming one of the leading green energy producers in the world,” said Gautam Adani.

The State-of-the-art plant was set up as part of Tamil Nadu’s new Solar Energy Policy unveiled by chief minister Jayaalithaa in 2012. The new Solar Energy Policy has set a target of 3,000 MW which according to the Adani Group is “ambitious yet highly achievable target”.

The massive plant comprises of 3,80,000 foundations, 25,00,000 solar modules, 27,000 tonne structures, 576 inverters, 154 transformers and cables measuring more than 6,000 km, said the release by the Group. The company also disclosed that the 648 MW plant I connected with the 400 kv substation of Tamil Nadu Transmission Company(TANTRANSCO).

Tamil Nadu has vast stretches of uncultivable lands in the southern districts of Tirunelveli, Ramanathapuram, Sivaganga and Virudhunagar which are ideal spots to set up solar power plants, according to Surendra Pimparkhedkar, lead scientist, World Institute of Solar Energy.

Source: dailypioneer.com

Mothballed Scots Steel Plant to Restart Production

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Steel production is set to resume next month at one of two Lanarkshire plants that were mothballed last year.

Tata Steel closed its Dalzell mill in Motherwell and the Clydebridge plant in Cambuslang with the loss of 270 jobs.

Both were later bought by international metals firm Liberty House which intends to restart production at the Motherwell site in September.

About 60 staff are currently working there, with 40 more recruits expected - many of them former Tata Steel staff.

Liberty Steel said that the Dalzell plate-rolling mill had taken delivery of about 1,500 tonnes of slab steel rom the British Steel plant at Scunthorpe.'Significant milestone'

This is in preparation for the restart of steel plate production next month.

Jon Bolton, chief executive of Liberty Steel UK plate division, said: "This is a significant milestone for the plates business in Scotland, but also positive news for the UK steel sector as steel once again is manufactured in British Steel's Scunthorpe site to be rolled in Scotland.

"It is pleasing to watch the plant gradually coming back to life as more people arrive on site and particularly pleasing to welcome young apprentices to the team."

Liberty said that about 60 staff were involved in the preparations to reopen Dalzell, with a further 40 expected to join the workforce before production starts.

The firm said that about 70% of the initial wave of recruits were former employees returning to their old jobs.

It has also awarded about 20 new supply contracts, for business and engineering services, to firms in the Motherwell area.

Liberty House Group executive chairman, Sanjeev Gupta, said this was the beginning of the fulfilment of a promise to the local community.

"We said we would revive this historic steelworks and that is exactly what we are doing," he said.

Source: BBC News

Bokaro officials pledge support for cement plant

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BOKARO: The district administration on Tuesday said it would support the setting up Ultratech Cement's 1.5 MTPA facility in Bokaro Industrial Area Development Authority (Biada) area in Balidih here.

Biada managing director (MD) and Bokaro DC Rai Mahimapat Ray held a meeting with the company's vice-presidents, Anand Mohta, Rajender Joshi and Sudhir Mohnot, to discuss formalities that need to be completed.

Ultratech will be the second cement plant, after Dalmia Cement, to set up a unit in Biada.

"We discussed the additional land requirements for a railway siding, levelling of the allotted 50-acre plot, availability of slag and other raw materials locally and formalities for environmental clearance. We have extended all possible help to company officials," said Ray.

Apart from easy availability of slag, the presence of good rail and road connectivity and an industrial-friendly environment are some of the contributing factors that support the setting up of cement plants.

"To ensure availability of slag, Ray held a meeting with BSL CEO Anutosh Maitra and Electrosteel Steel Limited (ESL) director R S Singh. Both of them responded positively," said Biada development officer Ranjit Kumar.

Ultratech Cement has assured direct and indirect employment to about 750 people. Ultratech signed a MoU with the state government for setting up the cement plant in July last year.

Following the MoU, the state industrial department offered land in Biada.

Source: timesofindia

CCEA approves proposal for Rs 17,000 Crore Power Plant in UP

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NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a plan to set up a 1,980 mw thermal power plant at Ghatampur in Uttar Pradesh. The project is estimated to cost Rs 17,238 crore.

The decision comes ahead of the assembly election in the state — polls are scheduled for early next year.

The power project, with three 660 mw units, will be set up by a joint venture of Neyveli LigniteBSE 7.38 % Corp and Uttar Pradesh Rajya Vidyut Utpadan Nigam. It will supply the electricity generated at the plant mainly to the host state, a government statement said.

The coal ministry has allotted the Pachwara South coal block in Jharkhand for meeting the fuel requirement of this plant.

Source: Economictimes

Telangana set to build power plants against Centre's advice

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Telangana, which had proposed to aggressively add power generation capacities towards self-sufficiency, has turned down the advice of Union power ministry against new capacities and is now determined to go ahead with imported coal-fired and inefficient sub critical thermal plants.

The state has a capacity of 4,365 MW and has proposed to achieve 25,000 MW by the end of 2018, which includes fresh thermal power generation capacity of 4,000 MW that the Union government promise under the AP State Reorganisation Act, 2014.

Besides entering into a contentious power purchase agreement (PPA) with the Chhattisgarh government to procure 1,000 MW of power for 12 years, Telangana has awarded contracts for a 1,080 MW project at Manugur in Khammam district and a 4,000 MW plant at Damaracherla in Nalgonda district. Both are coal-fired thermal power projects, each depending on imported coal for at least half of its fuel requirement.

The plant at Manugur also relies on subcritical equipment of 280 MW each, which environmentalists say will add to pollution while activists say its expensive operations and maintenance costs will be a burden on the exchequer.

Union power minister Piyush Goyal recently asked Telangana Chief Minister K Chandrasekhar Rao to either downsize or drop the state's proposed power plants, given the surplus power capacities and cheaper availability in the domestic market.

Goyal on Wednesday repeated his advice to the Telangana government while assuring that state-run thermal power generator NTPC was ready to set up the projects promised under the Act.

Of the promised 4,000 MW, NTPC is setting up two units of 800 MW each at Ramagundam and is in talks with the Telangana government for the required land to set up the remaining capacities.

But Telangana power and industries secretary Arvind Kumar said the state was neither in favour of trimming down capacities nor dropping the projects.

"Keeping in view the projected increase in power consumption by the proposed industrial corridors, the proposed large lift irrigation projects and anticipated increase in agricultural consumption under these irrigation projects, the Telangana government has decided to go ahead with its power capacity additions," he told ET.

"Aimed at uninterrupted power supply for agriculture, industry and domestic consumption, Telangana wants to rely on own and cheaper power generation resources." However, civil society groups and power consumer forums are crying foul over the alleged arbitrary decisions of the state government on selection of power generation technologies and contractors for new power plants.

They have also criticised the PPAs, saying the government has signed them at high costs. They had also challenged these decisions before the state electricity regulatory commission.

They point out that the government was not taking advantage of the coal mines in the state for new projects. Though the project at Manugur is a pit-head project, it is using subcritical technology and is also 50 per cent dependent on imported coal, while Damaracherla plant is far away from coal mines, they said.

"Given serious rethinking going on across the globe towards adding alternative and sustainable power generation capacities and also given the availability of cheaper electricity, the Telangana government should have a fresh look at its power strategy," said M Kodandaram, chairman of Telangana Joint Action Committee, an umbrella body of dozens of civil society groups.

M Thimma Reddy, convenor of People's Monitoring Group on Electricity Regulation, accused the Telangana government of resorting to imprudent strategies to address the power deficits.

Pointing out that Telangana's strategy on capacity additions was not matching its power consumption patterns, he said that the power consumption by the agriculture sector in the newly-formed state over the past two years crashed owing to back-to-back droughts and a steep fall in groundwater levels.

"The government went ahead with awarding contracts of power plants without adopting the open competitive bidding route and entered into PPAs with various private and public entities without calling for competitive bids, thereby losing on the advantage of procuring power at low tariffs," said Reddy. "Instead of lowering power purchases from private players when the demand fell significantly during droughts, Telangana had resorted to backing down (lowering plant load factor) at own power generation stations, thereby adversely affecting the finances of state-owned power utilities and burdening the power consumers with high-cost power."

Source: economictimes

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Otherwise create any liability for the Site or its affiliates.

The Site reserves the right in its sole discretion to remove any material/content/photos/offers displayed on the web site which it reasonably believes is unlawful, could subject the Site to liability, violates the terms and conditions and/or Agreement or is otherwise found inappropriate in the Site's opinion. Web site reserves the right to cooperate fully with governmental authorities, private investigators and/or injured third parties in the investigation of any suspected criminal or civil wrongdoing.

In connection with any of the foregoing, web site may suspend or terminate the Account of any User as web site deems appropriate in its sole discretion. User(s) agree that web site shall have no liability to any User(s), including no liability for consequential or any other damages, in the event web site takes any of the actions mentioned in this Section, and that you agree to bear the risk that web site may take such actions.

Web site acts as a content integrator and is not responsible for the information provided by user(s) to be displayed on the web site. The Site do not have any role in developing the content.

The Site provides an on-line platform for exchanging information between buyers and suppliers of Plant, Machinery & Equipments. Web site does not represent the seller or the buyer in specific transactions and does not charge any commission for enabling any transaction. Web site does not control and is not liable to or responsible for the quality, safety, lawfulness or availability of the products or services offered for sale on the web site or the ability of the suppliers to complete a sale or the ability of buyers to complete a purchase. User(s) are cautioned that there may be risks of dealing with foreign nationals or people acting under false pretenses. Web site uses several techniques (such as Plant Bee Verified) to verify the accuracy and authenticity of the information our user(s) provide us. However, since it is not possible in all cases and is not 100% fool-proof, the Site cannot and does not confirm each user(s) purported identity (including, without limitation Plant Bee Verified members). Plant Bee encourages user(s) to use various tools available on the web site and otherwise, as well as common sense, to evaluate the user(s) with whom they would like to deal with.

User(s) acknowledge that user(s) fully assume the risks of purchase and sale transactions when using the web site to conduct transactions, and that user(s) fully assume the risks of liability or harm of any kind in connection with subsequent activity of any kind relating to products or services that are the subject of transactions using the web site.

Such risks shall include, but are not limited to, mis-representation of products and services, fraudulent schemes, unsatisfactory quality, failure to meet specifications, defective or dangerous products, unlawful products, delay or default in delivery or payment, cost mis-calculations, breach of warranty, breach of contract and transportation accidents. Such risks also include the risks that the manufacture, importation, distribution, offer, display, purchase, sale and/or use of products or services offered or displayed on the web site may violate or may be asserted to violate Third Party Rights, and the risk that you may incur costs of defense or other costs in connection with third parties' assertion of Third Party Rights, or in connection with any claims by any party that they are entitled to defense or indemnification in relation to assertions of rights, demands or claims by Third Party Rights claimants. Such risks also include the risks that consumers, other purchasers, end-users of products or others claiming to have suffered injuries or harms relating to product originally obtained by user(s) of the web site as a result of purchase and sale transactions in connection with using the web site may suffer harms and/or assert claims arising from their use of such products. All of the foregoing risks are hereafter referred to as "Transaction Risks".

User(s) agree that Plant Bee shall not be liable or responsible for any damages, liabilities, costs, harms, inconveniences, business disruptions or expenditures of any kind that may occur/arise as a result of or in connection with any Transaction Risks. User(s) are solely responsible for all of the terms and conditions of the transactions conducted on, through or as a result of use of the web site, including, without limitation, terms regarding payment, returns, warranties, shipping, insurance, fees, taxes, title, licenses, fines, permits, handling, transportation and storage. In the event of a dispute with any party to a transaction, user(s) agrees to release and indemnify the Site (and our agents, affiliates, directors, officers, employees and associated sites and mini sites) from all claims, demands, actions, proceedings, costs, expenses and damages (including without limitation any actual, special, incidental or consequential damages) arising out of or in connection with such transaction. User(s) may use the content/features on web site solely for their personal or internal purposes. User(s) agree that they will not use Plant Bee database and/or services to send junk mail, chain letters or spamming or the transmission of any unlawful, harassing, libelous, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable material of any kind or nature. Further, as a Registered User, user(s) will not use the Email Account to publish, distribute, transmit or circulate any unsolicited advertising or promotional information or any content that is obscene, indecent, seditious, offensive, defamatory, threatening, or which incites or results in causing racial hatred, discrimination, menace or breach of confidence.

The site reserves the right to add/modify/discontinue any of the features offered with a service.

AMENDMENT TO USER(S) AGREEMENT

Plant Bee may change, modify, amend, or update this agreement from time to time without any prior notification to user(s) and the amended and restated terms and conditions of use shall be effective immediately on posting. If you do not adhere to the changes, you must stop using the service. Your continuous use of the service will signify your acceptance of the changed terms.

COPYRIGHT

All content on this web site is the copyright of Plant Bee except the third party content and link to third party web site on our website.

Plant Bee is not an expert in your intellectual property rights, and we cannot verify that the users of our online marketplace - who post various trade leads on the website - have the right to sell the goods offered. We will appreciate your assistance in identifying listings which may not appear on their face to infringe your rights but which you believe are infringing. Plant Bee is also not an arbiter or judge of disputes about intellectual property rights. By taking down a listing, as a prudential matter, Plant Bee is not endorsing a claim of infringement. Neither, in those instances in which Plant Bee declines to take down a listing, is Plant Bee determining that the listing is not infringing, nor is Plant Bee endorsing the sale of goods in such cases.

Plant Bee respects the intellectual property rights of others, and we expect our user(s) to do the same. Plant Bee believes that user(s) agree that they will not copy, download & reproduce any information, text, images, video clips, directories, files, databases or listings available on or through the web site (the "Plant Bee content") for the purpose of re-selling or re-distributing, mass mailing (via email, wireless text messages, physical mail or otherwise), operating a business competing with Plant Bee, or otherwise commercially exploiting the Plant Bee content. Systematic retrieval of Plant Bee content to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) without written permission from Plant Bee is prohibited.

In addition, use of the content for any purpose not expressly permitted in this Agreement is prohibited and may invite legal action. As a condition of your access to and use of Plant Bee's services, you agree that you will not use the web site service to infringe the intellectual property rights of others in any way. Plant Bee reserves the right to terminate the account of a user(s) upon any infringement of the rights of others in conjunction with use of the Plant Bee service, or if Plant Bee believes that user(s) conduct is harmful to the interests of Plant Bee, its affiliates, or other users, or for any other reason in Plant Bee's sole discretion, with or without cause.

INTELLECTUAL PROPERTY RIGHTS

Plant Bee is the sole owner or lawful licensee of all the rights to the web site and its content. Web site content means its design, layout, text, images, graphics, sound, video etc. The web site content embody trade secrets and intellectual property rights protected under worldwide copyright and other laws. All title, ownership and intellectual property rights in the web site and its content shall remain with PlantBee.com, its affiliates or licensor's of PlantBee.com content, as the case may be.

All rights not otherwise claimed under this agreement or by PlantBee.com, are hereby reserved. The information contained in this web site is intended, solely to provide general information for the personal use of the reader, who accepts full responsibility for its use. Plant Bee does not represent or endorse the accuracy or reliability of any information, or advertisements (collectively, the "content") contained on, distributed through, or linked, downloaded or accessed from any of the services contained on this web site, or the quality of any products, information or other materials displayed, or obtained by you as a result of an advertisement or any other information or offer in or in connection with the service.

TERMINATION

Most content and some of the features on the web site are made available to visitors free of charge. However, the Site reserves the right to terminate access to certain areas or features of the web site (to paying or registered users) at any time for any reason, with or without notice. The site also reserves the universal right to deny access to particular users to any/all of its services/content without any prior notice/explanation in order to protect the interests of the Site and/or other visitors to the web site. The Site reserves the right to limit, deny or create different access to the web site and its features with respect to different user(s), or to change any of the features or introduce new features without prior notice.

All rights reserved.

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