Tag: Nikhil Sharma

News

Radisson Hotel Group debuts in Odisha with opening of Pramod Lands End Resort

Apr 18, 2024 by Sujata Muguda 0 Comments #Durga Prasad Rath, #Nikhil Sharma, #Odisha, #Radisson Hotel

Capitalizing on the growing potential of hidden gems in India, Radisson Hotel Group is pleased to announce the opening of its first hotel in Gopalpur, Odisha – Pramod Lands End Resort, a member of Radisson Individuals.

Known for its colonial heritage and picturesque landscapes, Gopalpur is a coveted tourist, wedding, and spiritual destination. Pramod Lands End Resort, a member of Radisson Individuals is strategically located on the scenic Gopalpur Beach in southern Odisha and promises guests a tranquil escape. Staying true to Radisson Hotel Group’s focus on establishing its presence at drivable distances, the hotel can be reached within a four-hour drive from religious hubs like Puri and Konark, making it an ideal base for exploration and discovery. It is conveniently accessible from major nearby cities via roads, railway, and Berhampur Airport.

radisson hotel

“We are pleased to have an early mover’s advantage with the opening of our newest hotel in the serene location of Gopalpur, Odisha. With its untapped tourism potential, Gopalpur holds the opportunity to uplift Odisha’s tourism growth. This opening of Pramod Lands End Resort, a member of Radisson Individuals in Odisha reflects our focus on bringing global hospitality standards to the country’s tier II and III regions, with the unwavering support of our valued partners.” said Nikhil Sharma, Managing Director, and Area Senior Vice President, South Asia – Radisson Hotel Group

The 100-room, beachfront hotel features well-appointed suites and villas with private pool access designed for comfort and relaxation. Guests can choose from multiple room categories, including superior room, deluxe room, family room, premium room, premium suite, royal suite, and grand royal villa.

The hotel also provides amenities such as a swimming pool and a fully equipped gym for guests seeking relaxation or an invigorating workout. With its versatile event spaces, including a well-equipped boardroom and a spacious banquet hall, the hotel is set to become the preferred choice for hosting meetings, weddings, and other events. Another open lawn hall provides the perfect setting for grand celebrations and business gatherings.

The hotel provides guests with an extraordinary culinary experience through its diverse range of restaurants and bars. The All-Day Dining – The Khao Galli, comprises three sections, including Salsa Kitchen serving continental delicacies, Desibites serving quick bites from South and North Indian cuisines, and Courtyard for enjoying a cozy café setting.

“We are delighted to bring global hospitality services to the region in collaboration with the Radisson Hotel Group. This partnership represents a shared commitment to excellence and an unwavering dedication to providing unparalleled hospitality experiences. Our hotel provides modern comforts, and great hospitality, with a strategic location making it a new travel destination among travel enthusiasts.” said, Durga Prasad Rath, Managing Director, Padma Eastern Hotels Pvt. Ltd.

“At Pramod Lands End Resort, a member of Radisson Individuals, our team is committed to crafting unique experiences for guests and bringing forth Odisha’s unique charm. We extend a warm welcome to our guests for immersing themselves in the beauty of this wonderful location.” said, Bibek Mishra, General Manager, Pramod Lands End Resort, a member of Radisson Individuals

Radisson Hotel Group continues to command a leading presence in the Indian market and is one of the country’s largest international hotel operators with over 165 hotels in operation and development. It continues to be the largest hotel operator in tier-1 markets like Delhi NCR and at the same time, more than 50% of its portfolio is in tier-2 and 3 markets where it has benefitted by being the first mover. With hotels dotted across 70+ locations in India, there is a Radisson hotel in every 4 hours of drivable distance across the length and breadth of the country operating under brands, including Radisson Collection, Radisson Blu, Radisson, Radisson RED, Park Inn by Radisson, Park Plaza, Park Inn & Suites by Radisson, Country Inn & Suites by Radisson, and Radisson Individuals and its extension Radisson Individuals Retreats.

Business World

Dip in wind energy generation and rise of blended renewable energy projects witnessed in Q2: CEEW-CEF

Nov 20, 2020 by Gouri Achary 0 Comments #CEEW-CEF, #Nikhil Sharma, #renewable energy, #wind energy generation

Renewable energy’s share in the energy mix decreased marginally from 11.4 per cent in Q2 FY20 to 10.7 per cent in Q2 FY21, according to the latest edition of the CEEW Centre for Energy Finance’s quarterly Market Handbook. A prominent reason for the decline was the unseasonable and sharp reduction in wind speeds in resource-rich states (Gujarat, Rajasthan, and Tamil Nadu), leading to a ~41 per cent reduction in wind generation in July 2020 as compared to July 2019. Q2 typically records the highest wind energy generation every year.

The CEEW-CEF Market Handbook also highlighted that 3.2 GW of renewables were auctioned in Q2 of FY21, as compared to 4.4 GW (excluding 8 GW sanctioned as part of a manufacturing-linked upsizing of a solar auction from an earlier quarter) in Q1 FY21. Further, auctions for vanilla renewable energy projects gave way to auctions for blended generation mixes in the last quarter. Auctioning blended solar and wind projects is aimed at improving the transmission infrastructure utilisation with higher capacity utilisation.

The Handbook also highlighted that market concentration – i.e. the share of top five developers in the total project capacity sanctioned – increased to 84 per cent this quarter as compared to 81 per cent in the previous quarter, and is expected to remain high going forward.

Further, aggregate renewable energy capacity additions slowed down in Q2, partly owing to supply chain disruptions due to COVID-19, which impacted grid-scale capacity additions. In contrast, rooftop solar picked up with 399 MW capacity being added in Q2 FY21 (vs 188 MW in Q2 FY20). Gujarat, Rajasthan, and Tamil Nadu led the growth in rooftop solar installations. Meanwhile, coal capacity addition remained subdued with net Q2 addition of 550 MW, approximately a third of renewable energy additions of 1,560 MW during the same period.

Nikhil Sharma, Associate at the CEEW Centre for Energy Finance (CEEW-CEF), said, “Among renewables, grid-scale and rooftop solar continued to dominate capacity additions in the quarter, accounting for a nearly 60 per cent share. A five-month extension granted by the Ministry of New and Renewable Energy for grid-scale project commissioning could result in a noticeable uptick in renewable energy capacity additions as the lockdown eases further.”

The Handbook also indicated that short-term electricity prices (in both day-ahead and real-time spot markets) saw an increase to 2.53 INR/kWh and 2.42 INR/kWh in Q2 FY21 (from 2.35 INR/kWh and 2.22 INR/kWh in Q1 FY21), respectively. This was due to a recovery in demand from discoms and increased volumes when compared to Q2 FY20 levels.

On the discom payables front, the Handbook highlighted the ~INR 1.4 lakh crore discom overdues to power producers as of September 2020, representing an increase of 50 per cent compared to overdues in September 2019. However, the pace of increase in overdues has dropped significantly, increasing only 5 per cent over the quarter, compared to a 30 per cent spike during Q1 FY21. Moreover, the Handbook stated that the INR 90,000 crore liquidity package announced for discoms under the Aatma Nirbhar Bharat Abhiyaan had been increased to INR 1,18,273 crore by the Ministry of Power. This could further help discoms in clearing their dues to power producers.