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Research Report on
The Indian
Power Sector
Comprehensive Review &
Identifying Opportunities in Store
By SNP Infra Research
The
last decade for India i.e. 2003-13 in terms of power sector performance has
been no different from the previous one as the issues which grappled then
seems to have re-emerged. The sector was marred with nancial stress in the
decade prior to EA, 2003 and as we stand in 2014 awaiting General Elections, be the utilities on
the power generation side or the distribution side are nancially starved making the situation no
different. Although, the silver lining remains in terms of our planned capacity additions for 12th
plan and more so because of the anticipated change of guard at Central Government level which
is believed to revive the interests of private sector in to the segment.
Currently, India is struggling in terms of bad power assets which lie stranded in distinct regions
of the country thereby forcing imposition of power outages in lieu of the shortages being faced.
However, there is undoubtedly remarkable growth achieved by the power sector in 2003-13
decade which can be listed as:-
i. AT&C loss levels being scaled down from 35% to 26% at the end of FY 14
ii. The tune of private investments in generation was massive and amount to
INR. 3,000 Billion
iii. Although, there was a slippage of 24 GW in the planned power generationcapacity
additions for the 11th Plan but still this plan saw the maximuminstalled capacity
growth of 54 GW
iv. The lack of awareness in terms of timely revision of power tariffs by theState entities saw
a welcome change with majority of states and UTs wenton to revise the tariffs in FY 13
Given all the above achievements the Indian power sector the situation currently in the country
is worrisome courtesy the staggering nancial loss of distribution utilities to the tune of INR. 670
Billion, coupled with the bank exposure to discoms of nearly INR. 2 Lakh Crores in which the major
chunk is of decit nancing. The debt/equity ratio for private generation companies has risen
to 2.94 in FY 13 from 0.91 in FY09. Adding to the woes of generation companies in the country
is the stranded capacity of nearly 33 GW in absence of adequate coal or gas supply which is
accounting for non-performing assets of close to INR. 1 Lakh Crores. In its attempt to demystify
the complete dynamics of power sector from generation, transmission, distribution to trading SNP
Infra Research Solutions has evolved with this report on Indian Power Sector. This report will
not only detail the current situation of all the segments of Indian power sector but also will factor
the post elections impact on each of them and in-store opportunities.
This report encompasses exhaustively the set of possible impacts of impending issues post the
General Assembly elections in FY 2014 and what likely changes will it bring in terms of positives
for the power sector. Also, the dossier focuses on identifying opportunities associated with power
generation, distribution, transmission, trading and rural electrication. The report also attempts
to identify and dive deep into key developments and trends across power sector in India such as
capacity additions in generation, transmission networks and distribution networks.
Nascent Draft Tariff Regulations for control period 2014-19 also nds an exhaustive coverage in
the report with all possible impacts duly assessed and examined. The ardent need of nances is
not only the need of the hour for Indian power sector, as far as project execution is concerned
but also the identifying right channel partners to fund the same is equally pivotal. Hence, the
dossier attempts to identify right ways of nancing a power project in India by analysing resource
capabilities, competencies and investment potential as three key parameters.
The report focuses on minute details of the investment tune planned in the sector coupled with
the evaluation of countrys economic environment. This report not only deals in with all facets of
power sector but also covers the intricacies and nuances of all allied industries by covering all
equipment & machinery providers and the associated developments experienced with them. Also,
the report proles all power projects through an exhaustive and exclusive database.
Through this report SNP Infra Research attempts to unleash and address the associated challenges
with both conventional and unconventional streams of the Indian power sector and presents a
path nding guide for all existing and likely to venture stakeholders in the segment
The Indian Power Sector Comprehensive Review & Identifying Opportunities in Store
SNP Infra Research Solutions
; Financial Institutions
; Central Power Players
; EPC Companies
; Banks, Project Financiers
andInvestment Bankers
; Technical and Environmental
Consultants
; Power Developers
; Power Exchanges
; Power Traders
; Infrastructure Companies
; Power Equipment Manufacturers
; Research Companies
; Consultants
; Fuel Traders
; Independent Researchers`
Must buy for
; Understand ground realities of the
Indian Power Sector
; Spot future developments
; Identify investment opportunities
; Position yourself to gain the
maximum advantage of the
industrys growth potential by
developing strategies based on latest
operational and regulatory events
; Facilitate decision making based on
strong historic and forecast data
; Add weight to presentations and
marketing data
; Enhance the decision making
capability in a more rapid and time
sensitive manner
Why should you buy?
1. Executive Summary
2. The Indian Power Sector
Introduction
Indian Power Scenario & World
Capacity Addition Plans & Investment in Store
Renewable Energy in India
Power Trading in India
Power Tariffs in India
Key Issues & Concerns for Power Sector
in India & Way Forward
3. Institutional Design & Policy Framework
Institutional Design
Ministry of Power
CEA
CERC
FOIR
SERC
Central Generation Companies
Central Transmission Utility
State Transmission Utility
Load Dispatch Centers
Appellate Tribunal
Bureau of Energy Efciency
Central Financing Body
MNRE
Training & Research Institute
Legal Framework
Electricity Act 2003
Energy Conservation Act 2001
Policy Framework
National Electricity Policy
National Tariff Policy
Competitive Tariff Determination Guidelines
NAPCC
Recent Developments
Terms & Conditions of
Draft Tariff Regulations 2014-19
R-APDRP
Debt Restructuring of
Distribution Utilities & SEBs
Changes in RE Policy
JNNSM Phase II
4. Tracking Important Regulations
& Implications
CERCs Regulation
Final Tariff Regulations 2014-19 & Implications
ABT Regulation
Inter-State Open Access Regulation
IEGC
Trading Regulations
Conclusion
5. Tracking Performance of Power Generation
in India
Existing Size & Planned Growth
Fuel Mix for Power Generation in India
Installed Capacity Break-Up by Ownership
State Wise Power Generation Position
Smart Grid Applications in India
Transmission Side
Distribution Side
Opportunities in Smart Grid
Applications in India
Issues & Challenges
Current Market Size
Future Outlook
10. Power Trading in India
Overview
Power Trading Market in India Size & Growth
OTC Market
UI Market
REC Market
Forward Market
Power Trading Exchanges
IEX
PXIL
Policy & Regulations
Public & Private Power Trading Companies
Issues & Concerns
Future Outlook 2020
11. Financing of Power Sector in India
Introduction
Types of Financing
Scale of investments
Key Financing Bodies
Viability Gap Funding (VGF)
Issues & Concerns
Future Outlook 2020
12. Private Sector Participation General
Elections Aftermath
Introduction
Present Status of Participation
Private Projects in Pipeline
Government Initiatives for Private Sector Participation
Private Sector Participation in Transmission Segment
Private Sector Participation in Distribution Segment
Issues & Challenges
Future Outlook 2020
13. Equipment & Machinery General Elections
Aftermath
Introduction
Present Status of E&M Industry in India
Estimated Equipment Requirement
Domestic Manufacturing Unit for Equipments
Impacts on Foreign Players
Opportunities in E&M Segment
Key Issues & Challenges
Outlook 2020
14. Conclusion
15. Power Plant Database
Generation Capacity Additions Goals & Performance
Historical Trend
Performance in 12th Plan so far
Government Initiatives
Issues & Challenges
Capacity Additions Outlook
6. Renewable Power in India
Introduction
Size & Growth of RE Power in India
Capacity Additions by RE Sources till 2020
Policy & Regulatory Environment
Financing of RE Projects in India
Issues & Challenges
Outlook 2020
7. Power Transmission in India
Overview
Size & Growth of Transmission Network in India
Current Transmission Infrastructure
Review of 11th Plan & 12th Capacity Additions
Transmission Planning Open Access Factored
Status Update
National Grid
Inter-State Transmission Network
Intra-State Transmission Network
Independent Power Transmission
Company/JV Projects
Transmission Tariffs
Tariff Structure
Inter State Open Access Regulations
Point of Connection Charge Mechanism
Tariff of STUs
Issues & Concerns
Future Outlook 2020
8. Power Distribution in India
Overview
Size & Growth of Distribution Network
Structure of Distribution Infrastructure
AT&C Loss Levels Trends
Performance of SEBs & Distribution Utilities
Key Government Initiatives
Distribution Franchisee Model & Application
Private Discoms Performance
Key Issues & Concerns
Future Outlook -2020
9. Rural Electrication & Smart Grid
Application in India
Overview
Government Policy & Regulation
RGGVY
State Schemes
Decentralised Distributed Generation
Concept & Application
Standalone RE Systems
Budgetary Allocations
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Table of Contents
Release date: June 2014 No. of pages: 180 Delivery Format: Report (PDF) & Database (Excel)
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