Professional Documents
Culture Documents
March2009
ExecutiveSummary
Market Overview& ValueChain Value Chain
Indiahas5th largestelectricitygenerationcapacityintheworld TheinstalledcapacityofIndiaasofJuly2008was145,587MW Indiaisfacingacutepowerdeficitwithpeakpowerdeficitofabout16% P Powertradingisstillatnascentstagewithmerely3.5%ofthepowergeneratedtradedin200708 t di i till t t t ith l 3 5% f th t d t d d i 2007 08 Distributionisprimarilycontrolledbystateelectricityboards(SEBs) Governmentpoliciesareaimedatencouraginginvestmentinthesectorandincreasingthe competition Governmentallows100%FDIundertheautomaticapprovalrouteinallsegmentsoftheindustry (exceptatomicenergy) 5yeartaxholidayisgivenforpowergeneratingprojects Importdutyattheconfessionalrateof20%hasbeensetforimportofequipment KeyTrends:Increaseinpercapitaconsumptionofelectricity, Increaseincorporateinvestments, IncreaseinFDI,increasinginterestshownbyPE/VCfirmsinpowersectorandsurgeincaptive production Challenges:Shortageofcoal,powerlossintransmissionanddistribution,ageingandimproperly Challenges: Shortage of coal, power loss in transmission and distribution, ageing and improperly maintainedinfrastructure PublicsectorundertakingsLIKENTPC,MHPCholdthemajorityofthetotalinstalledcapacity PrivateplayersincludingReliance,TataPower,TorrentPowerhavepresenceacrossvaluechain andmakingsignificantinvestmentsinpowersector and making significant investments in power sector ForeignplayerslikeCLP,MarubeniCorporationhaveentered/planningtheIndiapowermarket
POWERSECTOR INDIA.PPT
KeyTrends& Challenges
Competition
POWERSECTOR INDIA.PPT
Indiaisamongthetopelectricitygeneratingcountriesinthe world
Introduction
Indiarankssixthlargestenergyconsumerin theworld Indiaconsumes3.7%oftheworlds commercialenergy Electricityisthebackboneofthenationand fallsundertheConcurrentListwhereboththe falls under the Concurrent List where both the UnionandStateGovernmentcanregulatethe sector Countryisdividedintofiveregionsfor transmissionsystems: transmission systems:
0 10,000 20,000 30,000 40,000 50,000
Region WiseInstalledCapacity
North 38,155MW
MW
38,156 44,628 44 628 39,656
South 39,656MW
*Ason310708
POWERSECTOR INDIA.PPT
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Installedcapacityhasbeenincreasingcontinuouslytomeetthe needofgrowingeconomy..
SupplySide
Indiahas5th largestelectricitygenerationcapacityin theworld Installedcapacityof145,587MWasofJuly2008
Nuclear Renewable Gasbased 8% 10% 3% Hydelpower Hydel power 25% 64% Thermal
PlanwiseInstalledCapacity
MW 140,000 120,000 100,000 80,000 60,000 Plan VII VIII IX X
69,480 85,902 104,917 126,082
DemandSide
Demandforpowerisgrowingat810%perannum Demandhasfivekeycomponents:
Industry,commercial,residential,agriculture,andothers
Currentandprojecteddemand
MW
250,000 200,000 157,107 , 150,000 100,000 50,000 0 0 115,705 500 1,000 1 000
bn units
212,725 1,500
Keydriversofincreasingdemandaregrowthin: y g g
Householdconsumption Electrificationofruralareas Manufacturinggrowingfaster Realizationofsuppresseddemandduetoloadshedding
Requiredinvestmentof~USD600bnby2017
XI
XII
POWERSECTOR INDIA.PPT
..butIndiastillfacingacutedemandsupplygap
DemandSupplyGap
Powersupplypositioncharacterizedbyshortages bothintermsofdemandmetduringpeaktimeandoverall energysupply PeakpowerdeficitinIndiaisabout16%andisexpectedtoriseto20%by2017 Demandsupplygapismorethan16%
ActualPowerSupplyPositionduring200607(EndofXthPlan) Peak Requirement 100,715MW Availability 86,818MW Shortage 13,897MW Shortage(%) 13.8% Requirement 690,587MU Energy Availability 624,495MU Shortage 66,092MU Shortage(%) 9.6%
PeakShortages P k Sh t
(%)
20 15
Energy E
BU
800 600 400 200 0
POWERSECTOR INDIA.PPT
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PublicsectorcompaniesorStateElectricityBoards(SEB)have presenceacrossthevaluechain
Raw materials
Generators
Powergenerationdependsoncoal,gas,nuclearandhydroelectricsources Coalaccountsfor50%ofthegenerationcapacity
Traders
Power trading company buys power from surplus area and sells it in deficit Powertradingcompanybuyspowerfromsurplusareaandsellsitindeficit areausingandtransferspowerthroughtransmissionlines PowertradingisataverynascentstageinIndia
Transmission
Transmissionofelectricityinvolvesbulktransferofpoweroveralong distanceathighvoltage(132kVandabove)
Distribution
Distributioninvolvessupplyofpowertoendconsumers Italsoincludesbillingandcollectionservices
POWERSECTOR INDIA.PPT
Powergenerationcapacityhasincreasedovertheyears
Generation Trading Transmission Distribution
Generation Overview
Powergenerationincreasedfrom662.5bn units(BU)in200607to704.5BUin200708 Theelectricitygenerationtargetfortheyear 200809hasbeenfixedat774.4BU:
Thermal 631.3BU Hydro 118.5BU Hydro 118 5 BU Nuclear 19.0BU ImportfromBhutan 5.6BU
PowerGenerationGrowth
BU
800 700 600 500 400 300
Nuclear Hydro Thermal 616 587 3% 558 3% 3% 14% 16% 13% 84% 2003-04 83% 2004-05 81% 2005-06 659 3% 17% 704 2% 18%
80%
80%
Stateaccountsforalargeshareofinstalled capacity(53%),followedbycentral(34%)and capacity (53%) followed by central (34%) and privatesector(14%) Theplantloadfactor(PLF)ofgenerating plantshasimprovedconsistentlyoverthelast fewyears f
2006-07
2007-08
2004-05
2005-06
2006-07
2007-08
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PowertradingisstillatnascentstageinIndia
Generation Trading Transmission Distribution
Trading Overview
Merely3.5%ofthepowergeneratedin200708was tradedinIndia
Power Trading Corporation of India (PTC) was the first PowerTradingCorporationofIndia(PTC)wasthefirst companytostartwithtradingofpower Outofthe42licensesissuesin2004,only13ofthe licensesactuallytradedin200708 Currentnormsrequireanapplicanttohavenetworthof Rs1.5croreforallotmentoflicense,whichgiveshimthe rightofpowertradingofupto100mnKWh
MarketSharePowerTrading(200708)
Adani Power 6% Others 22% 46% PTC Tata Power 10% 16% NTPC Vidyut Vyapar Nigam
OnlinetradinginIndiastartedwithIndianEnergy Exchange(IEX),launchedinJune,2008
FinancialTechnologiesisthemajorstakeholderwith90% share
VolumeofPowerTransacted
TotalEnergy Transacted(till05 122008) 1470.30MU 26.96MU MarketClearingPrices Maximum INR11.00 INR11.00 Minimum INR0.92 INR3.00
Secondpowertradingexchange,PowerExchange Indialtd(PXI),waslaunchedinOctober2008
PXIispromotedbyNationalStockExchangeofIndiaLtd (NSE)&NationalCommodities&DerivativesExchangeLtd (NCDEX) Exchange IEX PXI
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Transmission&DistributionnetworkofIndiaisthethirdlargest intheworld
Generation Trading Transmission
Distribution
Transmission Overview
Currenttransmissioncapacityis143,000MWand interregionalpowertransfercapacityof17,000MW MoPplanstoestablishanintegratedNationalPower Gridinthecountryby2012with200,000MWof Gridcapacityand37,700MWofinterregional powertransfercapacity Government is encouraging private sector Governmentisencouragingprivatesector participationintransmissionsector
Transmissionsectoris100%openedforprivate participationonaBuild,OperateandTransfer(BOT)basis Currently,privatesectorparticipationintransmission projectsisintheformofJVwithPowerGridCorporation ofIndiaLtd(PGCIL)
TransmissionNetwork
ckm
400,000 325,000 325 000 300,000 200,000 100,000 0 2,700 67,000 172,000 265,000
1950
1970
1990
2008
2012
*Plannedinvestmentsbefore15%cut
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SEBscontrolthedistributionwiththepresenceoffewprivate players
Generation Trading Transmission
Distribution
Distribution Overview
DistributionofelectricityiscontrolledbyState ElectricityBoards(SEBs) Few private players like Reliance and Tata are also FewprivateplayerslikeRelianceandTataarealso presentinelectricitydistribution
Distributionlicensesofseveralcitiesarewithprivate sectorplayers
AggregateTechnical&CommercialLosses
% 38.9% 40 38 9% 35 30 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 AT&C Losses 36.6% 34.9% 34.8% 35.2% 33.1%
BillingandCollectionEfficiency
%
100 90 80 70
Distributionsectorisalsocrippledwithpoorbilling andcollectionefficiency AreductioninT&Dlossesby1%pointisestimated tobeequivalenttopowergeneratedfroma600700 MWplant MW plant GovernmentintroducedtheAPDRP(Accelerated PowerDevelopmentandReformsProgram)tofund investmentsandalsoofferincentivesforefficiency improvements GovernmentplanstoinvestRs287,000crorein powerdistributioninXIthPlan
90.9% 92.7%
67.3% 68.4%
68.4%
69.5%
69.7%
71.0%
60 2001-02
2002-03
2003-04 2004-05
2005-06
2006-07 13
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Governmenthasbeentakingpositivestepsbyintroducingnew policiesandregulations..
Policies(1/2)
AcceleratedPowerDevelopmentandReformProgram(APDRP)launchedin 2001withtheobjectiveof: j APDRP
reducingT&Dlossesto15%infiveyearsinurbanandhighdensityareas reducingpoweroutageandraisingcollectionefficiency
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..andgivingbetterincentivestoencourageinvestmentinpower sector
Policies(2/2)
TariffofGenerationandTransmissionProjectsinPrivateSectordetermined throughcompetitivebidding through competitive bidding Reductionofcrosssubsidyto 20%ofaveragetariffinnextfiveyears FacilitatingOpenAccessinDistribution TimeboundintroductionofMultiYearTariff
TariffPolicy2006
Incentives
100% foreign equity participation is allowed under the automatic approval route in all segments of the industry 100%foreignequityparticipationisallowedundertheautomaticapprovalrouteinallsegmentsoftheindustry (exceptatomicenergy) Generationanddistributionpowerprojectsofanytypeandsizeareallowed Arenewablelicenseperiodof30yearshasbeenset Returnonequityupto16%isassuredat68.5%PLFforthermalpowerplants.Similarincentivesareprovidedfor Return on equity up to 16% is assured at 68.5% PLF for thermal power plants. Similar incentives are provided for hydroelectricpowerprojects Importdutyattheconfessionalrateof20%hasbeensetforimportofequipment Thegovernmentallowsa5yeartaxholidayforpowergeneratingprojectswithanadditionalfiveyearsinwhicha p deductionof30%taxableprofitsisallowed
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PublicPrivatePartnership(PPP)modelisnotwitnessingmuch activitycomparedtoothersectorininfrastructure
PPPModel Overview
Indiahasaround300projectsunderthepublicprivate partnershipsininfrastructure ThepowersectorinIndiahasnotwitnessmuchPPP activityascomparedtoothersectors
PowersectorwitnessedinvestmentsworthUSD3.5bn Airports Railways Energy 1% 11% 2% Urban Development 12% 13% Ports 62%
Road
TypesofpublicprivatepartnershipsinIndia
DistributionFranchisee
UltraMegaPower Projects(UMPP)
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Governmentpreferdistributionfranchiseemodelcomparedto completeprivatizationofSEBsinIndia
Distributionfranchisee
StatePower Corporation Distribution Franchisee EndUser
Franchiseedistributeat priceprescribesbySEC
Sellpowerto Franchisee
The distribution franchisee agreement is based upon a contract under which the distribution assets stay Thedistributionfranchiseeagreementisbaseduponacontractunderwhichthedistributionassetsstay underStatecontrolwhileprivateplayerisinvolvedinefficientlydistributingelectricityinparticularregion Powerutilitiesfollowrevenuebasedmodelinwhichfranchiseeisresponsibleforallobligationsof distributionlicenseinthefranchiseeareaviz:
Supplyofpower pp y p Consumerservice Operationandmaintenanceofdistributionnetwork Billingandcollection Compliancewithregulatorystandards
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PrivateplayersbiddingforUltraMegaPowerProjectsproposed bythegovernment
UltraMegaPowerprojects
MoPplanstosetupUltraMegaPowerprojectsthroughprivatesectorparticipationwithcapacityof400MWeach UMPPtheprojectsarebuildonBOO(BuildOwnOperate)basisthroughtariffbasedcompetitivebiddingroute BiddersarefinalizedontariffbasedcompetitivebiddingandtakesoverSpecialPurposeVehicle(SPV)fromPower FinanceCorporation(PFC) PFCisthenodelagencyforsettinguptheSPVforanyproject Projectstousesupercriticaltechnologybasedonpithead(captiveblock)orimportedcoal(coastal) Fullexemptionofcentralexcisedutyongoodsprocuredundersupercriticaltechnology Theidentifiedprojectsare
Fivecoastalsiteprojects: MundrainGujarat,KrishnapatnaminAndhraPradesh,TadriinKarnataka,GiryeinMaharashtra,and CheyyurinTamilNadu F Fourpitheadsiteprojects: S ith d it j t SasaninMadhyaPradesh,TilaiyainJharkhand,SundergarhdistrictinOrissaandAkaltarain i M dh P d h Til i i Jh kh d S d h di t i t i O i d Ak lt i Chhattisgarh
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KeyTrends
Increaseinpercapita consumption p
Trends
PEfirmsshowing interestinpowersector
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Powersectorwitnessingincreaseinpercapitaelectricity consumptionandcorporateinvestments
Increaseinpercapitaelectricityconsumption
India'spercapitaconsumptionofelectricityhasincreasedsteadilyoveraperiodbutstill insignificantcomparedtotherestoftheworld
Kwh
800 700 672 567 595 613 632 704
Kwh
15,000 10,000 5,000 5 000 0
15,000
600
1,800
704
US
China
India
2,300 WorldAverage
Power
Realty
Steel
Retail
Telecom 22
POWERSECTOR INDIA.PPT
ForeignDirectInvestments(FDI)andprivateequity(PE) investmentssurging
IncreaseinFDI
100%FDIisallowedinallsegmentsofpowersectorincludingtrading ForeignplayerscaninvestinHydroProjects,CaptivePower,UltraMegaPowerProjects, Foreign players can invest in Hydro Projects, Captive Power, Ultra Mega Power Projects, NuclearPower,NationalGridProgram,RuralElectrification,Trading,Renewableenergy
USD mn
1,000 500 87.0 0 157.0 967.0 594.0
2005-06
2006-07
2007-08
2008-09 *
PEfirmsshowinginterestinpowersector
ReformsinthepowersectorattractinglargeglobalPEfirmstoinvestinpowersector PEinvestmentsincreased,bothinvolumeandvalue
PEfirmsmakeup59%ofthetotaldeals(M&AandPEinvestments)in2008inpowersectorwith majorityofdealsinrenewableenergy** USD mn
1,000 500 0 113 682 900 20 10 0
2006
Note:
2007
2008
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Captivepowerproductionbecominganattractiveoptionforthe manufacturers
Increaseincaptivepowerproduction
ElectricityAct2003liberalizedcaptivepowergenerationinordertomeettheenergy shortagesandenablecosteffectivepowersupplytomanufacturingsector g p pp y g
Actallowscaptivepowerproducerstosellexcesscapacitytoothers Groupcaptivepowerplantsalsoallowedtoenablesmallmediumindustriesandcooperatives Manufacturers increasingcaptive increasing captive powerproductionas saleofsurplus becomeseasier
Freecapacityfromcaptiveplantsisconnectedtothegridtomeetthecountrysenergy requirements i
In2005,14,636MWwasconnectedtogrid,whilein200614,866wasconnectedtogrid MW
40,000 31,000 , 30,000 20,000 10,000 0 18,740 19,485 24,600
Mar-05
Mar-06
Mar-07
Mar-12 24
POWERSECTOR INDIA.PPT
Challenges
Inabilitytomeetthecapacity additiontargets
Shortageofcoal
Challenges
Ageingandimproperly maintainedinfrastructure
Hugepowerlossintransmission anddistribution
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Governmenthasfailedtomeetthecapacityadditiontargetsset inFiveYearPlans
Inabilitytomeetthecapacityadditiontargets
Actualcapacityadditionshavesubstantiallylaggedtheplannedcapacityadditionsinthe past5YearPlans
EighthFiveYearPlan(19921997) 54%implemented NinthFiveYearPlan(19972002) 48%implemented TenthFiveYearPlan(20022007) 51.5%implemented Governmentinability meetpowercapacity targetsiswideningthe demandsupplygap
Capacityadditionof21,180MWwasachievedinXthagainstthetargetof41,110MW S Someofthereasonsfortheslippageofprojectswere f th f th li f j t
Delayinsupplies/erectionbysuppliers/contractors Delayintieupforsupercriticaltechnology NonavailabilityofGas Delayinclearance/investmentdecisions(HydroProjects) y / ( y j ) HydroProjectdelayedduetodelayinenvironmentalclearance,naturalcalamities,delayinsigningof MoU Law&OrderProblems
SummaryofcapacityadditionduringXth Plan Summary of capacity addition during Xth Plan OriginalTarget ()Netcapacityadditionsfromoriginaltarget () ()Netcapacityadditionfromadditionalprojects p y p j Capacityslipped/Dropped
POWERSECTOR INDIA.PPT
Powerplantsfacingcoalshortageswhiledistributioncompanies facinghugeT&Dlosses
ShortageofCoal
SomeoftheIndias77coalbasedstationstotalling70,000MWarefacingseverecoal shortages Powerutilitiesareexpectedtofaceshortageof66mntonnesofcoalbyendof201112
Totalcoalrequirementis448.5mntonnesin201112whiletheindigenouscoalavailabilityfrom CoalIndiaandsubsidiariesduringtheisestimatedat382.4mntonnes Coalsupplyshortages duetoinabilitytokeep due to inability to keep importsinlinewith targetsorproblemsin CoalIndiaLtd
Coalshortagesareeitherduetoinabilityofpowerutilitiestoimportcoalinlinewithits targetorlawandorderproblemsatsubsidiariesofCoalIndiaLtd target or law and order problems at subsidiaries of Coal India Ltd Thecurrentpeakingshortagesof14%andenergyshortagesof8%couldworsenbecause ofcoalshortages
Hugepowerlossintransmissionanddistribution
Averagetransmissionanddistributionlosses(T&D)exceed30%oftotalpowergeneration comparedtolessthan15%fordevelopingeconomies HugeT&Dlossesimpactingthefinancialhealthofthepowerutilitieswithmajorityof themhavingnegativerateofreturn Significantproportionoflossisnontechnical,primarilyduetotheftofelectricity WeakT&DsystemisduetolackofgovernmentfocusonexpandingT&Dnetwork
RatioofinvestmentingenerationtoT&Dis2:1inIndiacomparedto1:1ormoreindeveloped countries HighT&Dlossesresults inlowereffective realizationofperunit realization of per unit ofpowerproduced
Ratiooflowtension(LT)andhightension(HT)hasincreasingsignificantly,resultingin highershareoflowvoltagelinesandhighT&Dlosses
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Powerequipmentsusedingenerationandtransmissionof electricitynotwellmaintained
Ageingandimproperlymaintainedinfrastructure
Networkinfrastructurehasfailedtogrowatthepaceofloadgrowth Mostofthenetworkequipmentsincludingpowertransformers,distribution transformers,33kVlines,11kVfeedersandLTnetworksareoldandoverloaded Lackofpropermaintenanceisfurtherworseningthehealthoftheequipments. Distributioncompaniesarespendinghugeamountinreplacingburntequipments
Poorqualityand ageingpower ageing power equipmentsimpacting qualityandreliability ofpowersupply
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MajorityoftheinstalledpowercapacityinIndiawithpublic sectorundertakings
PublicSectorPlayers
CompanyName
NationalThermalPowerCorp NationalHydroElectricPowerCorp NuclearpowerCorp.ofIndiaLtd p p PowerGridCorporationOfIndia PowerTradingCorporationofIndia
Generation
Transmission
Distribution
USD1.07bn USD957mn
National Thermal Power Corporation (NTPC) is the si th largest thermal po er prod cer in the orld and Indias NationalThermalPowerCorporation(NTPC) isthesixthlargestthermalpowerproducerintheworldandIndias largestpowerproducer.Itaccountsfor20%ofthecountrysinstalledcapacity.NTPCplanstoinvestuptoUSD36bnby 2012totransformitselfintoanintegratedregionalenergyplayerandhaveaninstalledcapacityofover50,000MW NationalHydroElectricPowerCorp(NHPC)planstoincreasethepowergenerationcapacitytoover10,000MWby 201112 0 NuclearPowerCorporationofIndiaLtd.(NPCIL)has5plantsunderconstructionadding2660MWby2012 PowerGridCorporationofIndiaLtd(PGCIL)isresponsibleforinterstatetransmissionofelectricity.Thecompany reportedrevenueofUSD1.1bninFY200708 PowerTradingCorporationofIndia(PTC)istheGovernmentofIndiainitiatedpublicprivatepartnership,formedfor Power Trading Corporation of India (PTC) is the Government of India initiated public private partnership, formed for thepurposeoftradingofpower
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Manyprivateplayersinvestinginpowersectorwithpresence acrossthevaluechain
DomesticPrivatePlayers
CompanyName
TataPower CESCLtd
Generation
Transmission
Distribution
RelianceInfrastructure GujaratIndustrialPowerCorp.
LancoInfratechLtd TorrentPower
USD899mn USD74.7mn
JaiprakashHydroPowerLtd
Someoftheothersignificantprivateplayersinpowersectorinclude: KalpatruPowerTransmissionLtdisdesign,testing,fabrication,erectionandconstructionofEHVtransmission lines.Thecompanyhasannualproductionof62,450MTsandreportedrevenuesofUSD664mninFY2007 08 lines. The company has annual production of 62,450 MTs and reported revenues of USD664 mn in FY200708 KECInternationalLtdispowertransmissionengineering,procurementandconstructioncompanywithannual productionof113,000MTs.ThecompanyreportedrevenuesofUSD699mninFY200708 AuroMiraEnergy ispowergenerationcompanyinvolvedinBioMass,HydelandWindsectors.Plannedreachof 1000MWby2012 DPSCLtdisinvolvedinpowerdistributionandgenerationinAsansolRaniganjcoalbeltinWestBengal
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ForeignplayersalsoshowinginterestinIndianpowersector
InternationalPlayers
CompanyName Generation Transmission Distribution Revenues (FY20078) USD320mn* n.a. TotalCapacity
ChinaLight&Power(CLP) MarubeniCorporation
Note:*RevenuesfromIndia Note: * Revenues from India
655MW 347MW
ChinaLight&Power(CLP):CLPPowerIndiaPrivateLtd,asubsidiaryofChinaLightandPowerLtd(HongKong)isthe largestforeigninvestorintheIndianpowersector MarubeniCorporation:MarubeniisveryactiveinpowersectorforbothEPC(Engineering,Procurementand Construction)typeofprojectsaswellasIPP(IndependentPowerProducer)typeofprojects ) f ll ( d d d ) f ManyotherforeignplayersplanningtoenterIndianpowergenerationmarketincluding: RanhillBerhad(Malaysia) TronohAlco(Malaysia) IsraelElectricCorporation(Israel) KoreaElectricPowerCompany(SouthKorea) KhanjeeHoldingInc(US)
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KeyDevelopments
Date
14Feb2009 11Feb2009 28Jan2009
Development
NTPCandNuclearPowerCorp.willspendasmuchasUSD$3bntobuildnewatomicplantsinthenexteightyears ThepowerregulatorCentralElectricityRegulatoryCommission(CERC)willcomeoutwithnewtradingregulationforthe countryinMarch2009. country in March 2009 RelianceIndustriesscrappedaINR1,500crorecaptivepowerplantafterthegovernmentdecidedtoallocategasfromits easternoffshorefieldstoexistingpowerandfertiliserplantsonly.RILhadproposedtosetupa345MWpowerplantat NagothaneinMaharashtraforcaptiveuseandwaswantingtopipeitsKGbasingastotheplant JindalPowerannouncedtodaythatwillraiseINR7,000croreinthenextoneyearfromboth,domesticaswellas internationalsourcestofunditsthermalpowerprojectinChhattisgarh. PowerTradingCompanyIndia(PTCIndia)islookingatpickingupstakesinpowergenerationprojectsacrossthecountry.
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AppendixI PowerSectorStructureinIndia
Central
Policy Plan Regulations Generation Transmission Systemoperations Distribution Trading Appeal pp TradingLicencee AppellateTribunal pp NRLDC MinistryofPower StateGovernment CEA CERC CentralGeneratingUnits CTU RLDC GENCOs STU SLDC Distribution Licencee Someprivate playersin generation& distribution SERC IPPs
State
TradingLicencee AppellateTribunal pp
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AppendixIII PEDealsinIndia
Investor
DarbyOverseasInvestmentsLtd DEShaw DE Shaw FarallonCapital LNMIndiaInternetVentures StateBankofIndiaandICICIBank NYLIMJacobBallasIndiaFundIII MayfieldFund OrientGlobalTamarindFundPteLtd FirstReserveCorporation First Reserve Corporation DubaiInvestmentGroup NexusIndiaCapital KleinerPerkinsCaufield&Byers,SherpaloVenturesandAppliedMaterials OlympusCapitalHoldingsAsia,ShriramEPCandBessemerVenture AcumenFund AcumenFund HelionVenturePartnersandFoundationCapital Helion Venture Partners andFoundation Capital Investee BhorukaPowerCorporationLtd SohamRenewableEnergyIndia Soham Renewable Energy India IndiabullsPowerServices IndiabullsPowerServices JaiprakashPowerVentures SaravanaGlobalEnergyLtd ServomaxIndia CairnIndiaLtd Kenersys ChiranjeeviWindEnergyLtd. SEDEMACMechatronicsPvtLtd KotakUrjaPvtLtd %Stake N.A. N.A. NA 23.40% 14.10% 3.005 N.A. N.A. 2.60% N.A. NA 40.00% N.A. N.A. N.A. N.A. N.A. N.A. NA Investment ValueinUSD 17.50mn 15.00mn 15 00 mn 246.88mn 148.13mn 100.00mn 25.00mn 3.75mn 278.69mn N.A. NA N.A. N.A. 8.00mn 55.00mn 1.26mn 1.00mn N.A. NA
OrientGreenPowerLtd
SBAHydro&RenewableEnergy D.lightDesign AzurePower Azure Power
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Thankyouforyourtime
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