Docslide - Us Power Industry Report March 2013

Power
MARCH
2013
For updated information, please visit www.ibef.org
Power
MARCH
2013
Contents
Advantage India
Market overview and trends
Growth drivers
Success stories: NTPC, Tata Power
Opportunities
Useful information
MARCH
Power
2013
Advantage India
Growing demand
Expansion in industrial
activity to boost demand for
electricity
Growing population, and

increasing penetration and
per-capita usage to provide
further impetus
Advantag
e
Increasing investmentsIndia
FY12
Total
demand
(TWh):
969.0
One of the key sectors

attracting FDI inflows into
India; inflows recorded a CAGR
of 63 per cent during FY06-12
Major investments earmarked
by public as well as private
sector companies across the
value chain
FY22
Opportunities
Large capacity additions

(100 GW) targeted in the
12th and 13th Five Year
Plans
Ambitious projects and

increasing investments
across the value chain
Total
demand
(TWh):
1915.0
Policy support
Elimination of licensing for

various segments; removal of
entry barriers
Cost reduction and

rationalisation of tariffs;
development of Ultra Mega
Power Projects (UMPP)
Fuel supply agreement of

power producers with Coal
India
Source:
Assorted articles and research material, Aranca Research
Notes: FY - Indian Financial Year (April - March), FDI - Foreign Direct Investment, E - Estimates,
CAGR - Compound Annual Growth Rate, TWh - Terawatt-hour, FY22 estimates as per IEA forecasts
ADVANTAGE INDIA
Power
MARCH
2013
Contents
Advantage India
Growth drivers
Opportunities
Useful information
Power
MARCH
2013
Evolution of the Indian Power

sector
2003
onwards
1991-2003
Electricity Act (2003)

National Tariff Policy
(2006)
Elimination of licensing for
Legislative and policy
generation projects
initiatives (1991)
Increased competition
Private sector
through international
participation in
competitive bidding
generation
engaged in power
Fast track clearing
generation, transmission
mechanism of private
and distribution
investment proposals
Launch of Ultra Mega
Electricity Regulatory
Power Project (UMPP)
Commissions Act
scheme
(1998) for establishing
Various schemes and
Central and State
initiatives such as
Electricity Regulatory
Jawaharlal Nehru National
Commissions and
Solar Mission to promote
rationalisation of
renewable energy
tariffs
Civil nuclear agreement
with the US for nuclear
Source: KPMG, Corporate Catalyst India, IFLR, Aranca
technology and fuelResearch
MARKET
AND TRENDS
5 OVERVIEW
Fuel
supply agreement
of
power companies with
Liberalisation
Era
1956-1991
Nationalisatio
n Stage
Before
1956
Introductory
Stage
Electricity
(Supply) Act
1948
Establishment of
semiautonomous
State Electricity
Boards (SEBs)
Industrial Policy
Resolution (1956)
Generation and
distribution of
power under state
ownership
Power losses,
subsidies,
infrastructure
bottlenecks, and
resource
constraints
Growth Era
Power
MARCH
2013
India is among the worlds top five

power producers and consumers
India is the fifth largest producer and consumer

of electricity in the world after China, US, Russia
and Japan
Power generation has grown more than 100 fold
since independence while demand growth has
been even higher due to accelerating economic
activity
Worlds leading electricity producers (2011)

China
4,604
US*
4,120
Russia*
983
Japan
938
India*
880
Canada*
581
0
TWh
1,000 2,000 3,000 4,000 5,000
Source: CIA World Factbook, Aranca Research

Note: * - Data mentioned for US, Russia,
India & Canada is for 2010
MARKET
6 OVERVIEW AND TRENDS
Power
MARCH
2013
Power generation has been growing

rapidly over the years
Electricity production in India (TWh)
Electricity production in India (excluding captive

generation) stood at 876.4 TWh in FY12, a growth
of 8.1 per cent over the previous fiscal
771.6
Over
FY06-12,
electricity
production
expanded at a CAGR of 6 per cent
has
617.5
662.5
811.1
876.4
704.5
Electricity production for the period April to

October 2012 stood at 509.4 TWh
FY06
FY07
FY08 723.8
FY09 FY10
FY11
FY12 FY13*
509.4
Source: Central Electricity Authority (CEA), Aranca

Research;
Notes: FY - Indian financial year (April - March),
TWh - Terra Watt hour,
* Data for FY13 is for the period April to October
2012.
MARKET
Power
MARCH
2013
Sources of power with shares in

total installed capacity
56%
Coal
67%
India has large reserves of coal; estimates for FY11

put the figure at about 285.8 billion tonnes
Thermal
10%
Gas
19%
Hydro
Indias proven natural gas reserves measure about

1,074 billion cubic meters
With a large swathe of rivers and water bodies, India has enormous potential for
hydropower; 12th Five Year Plan (2012-2017) includes additional 30,000 MW of
hydro-electric power generation. India currently has 39.3 GW of hydro power
generating capacity
Renewable
Wind energy is the largest renewable energy source in India; projects like the
Jawaharlal Nehru National Solar Mission (which aims to generate 20,000 MW of
solar power by 2022) is creating a positive environment among investors keen
to exploit Indias potential
Nuclear
India currently has 4.8 GW of net electricity generation capacity using nuclear
fuels (across twenty reactors) and aims to increase it up to 20GW by 2020;
with one of the worlds largest reserves of thorium, India has huge potential in
nuclear energy
12%
2%
Source: Ministry of Coal, NHPC,CEA, The Hindu, Corporate Catalyst India,

Aranca Research
Notes: MW - megawatt
MARKET
Power
MARCH
2013
Generation capacity has been

increasing at a healthy pace
(1/2)
Indias installed power generation capacity was

199.9 GW at the end of March 2012
Installed capacity has been increasing steadily

over the years; over FY09-12, it posted a CAGR
of 10.5 per cent
Installed electricity generation capacity (GW)
200
148
159
209
174
Installed capacity as on October 2012 stood at

209.3 GW
FY09
FY10
FY11
FY12
FY13*

Research
Note: GW - Gigawatt, Data for FY13* is as on October 2012
MARKET
Power
MARCH
2013
Generation capacity has been

increasing at a healthy pace
(2/2)
Among the different sources of power in India,
Comparison of installed capacity (GW)
the CAGR in installed capacity over FY09-12 was

Thermal
12 per cent for thermal power
23 per cent for renewable energy, the

fastest among all sources of power
93.7
39.3
Hydro
140.2
131.6
39.0
36.9
25.0
24.5
13.2
Renewable
4.8
4.8
4.1
Nuclear
0
20
40
FY13*
60
80 100 120 140 160
FY 12
FY09

Research,
Data for FY13* is as on October 2012
MARKET
Power
MARCH
2013
Key players in the power sector

(1/2)
Business description
Company
NTPC is Indias largest power producer and the sixth-largest thermal power producer
in the world with an installed capacity of more than 39,674 MW. By 2032, NTPC plans
to become a 128,000 MW company
It has also diversified into hydro - power, coal mining, power equipment
manufacturing, oil and gas exploration, power trading, and distribution
Tata Power is Indias largest integrated power company, with significant presence in
solar, hydro, wind and geothermal energy. The company accounts for 52 per cent of
total generating capacity of the private sector with an installed capacity of 6,900
MW
The company has a portfolio of over 35,000 MW of power generation capacity, both
operational as well as under development
CESC Limited is a vertically integrated player engaged in coal mining, and

generation and distribution of power
NHPC is the largest hydro power utility in India with an installed capacity of 5,295MW
and has drawn up a massive capacity expansion plan of adding 6,697 MW up to the
year 2017
*This list is indicative
Source: Company websites, News articles, Aranca

Research
MARKET
Power
MARCH
2013
Key players in the power sector

(2/2)
Business description
Company
Power Finance Corporation Limited (PFC ) is an NBFC engaged in financing and

development activities within the Indian power sector
Major products and services include project term loans, lease financing, direct
discounting of bills, short-term loans and consultancy services
Adani Power is one of Indias largest private thermal power producers with total
capacity of 4,660 MW; the company aims to generate 20,000 MW of power by 2020
The company is building one of the worlds largest single location thermal power
plants in Mundra, Gujarat
Power Grid Corporation of India Limited (PGCIL) is the single largest transmission
utility in India and is responsible for planning, co-ordination, supervision and control
over inter-state transmission systems
Damodar Valley Corporation is engaged in power generation, distribution and
transmission of electric power, irrigation, and flood control
SJVN Limited is the second largest hydro power company in India
The company plans to diversify into wind power projects soon
*This list is indicative
Source: Company websites, News articles, Aranca

Research
Notes: NBFC - Non-banking financial company
MARKET
Power
MARCH
2013
Contents
Advantage India
Growth drivers
Opportunities
Useful information
13
Power
MARCH
2013
Strong demand and policy support

driving investments
Growing
demand
Growing demand
Increase in
industrial
activity
Increasing
investments
Policy
support
Strong
government
support
Inviting
Electricity Act
(2003)- highly
liberal
framework for
generation
Resulting
in
Rising FDI
inflows
(USD1.65
billion in FY12)
Fuel supply
agreement of
power
companies
with Coal India
Ltd
Development
of Ultra Mega
Power
Projects
(UMPPs)
Increasing
penetration,
per-capita
consumption
Growing
consumer
base
Growing M&A
activity
Large
investments
in equipment
manufacture and
power
Source: Corporate Catalyst India, Ministry of Power, Aranca Research
generation
Notes: FDI - Foreign Direct Investment, M&A - Merger and Acquisition,

R-APDRP - Restructured Accelerated Power Development and Reform Programme, T&D Transmission and Distribution
14
GROWTH DRIVERS
Power
MARCH
2013
Industrial expansion and strong

GDP growth driving power demand
(1/2)
Multiple drivers (industrial expansion, growing

per-capita incomes) are leading to growth in
power demand; this is set to continue over the
coming years as well
Share of industry in electricity consumption
During FY10-15, GDP growth is likely to

average 8.0-8.5 per cent
India is set to become a global
manufacturing hub with investments
across the value chain
48.8%
49.6%
50.3%
51.0%
47.4%
Indias power demand is expected to rise up to

1,915 TWh by FY22
2009
48.1%
2010 2011E 2012E 2013E 2014E 57.9%
2015E
Source: Estimates as per BMI India Power Report Q3

2011, Aranca Research
15
GROWTH DRIVERS
Power
MARCH
2013
Industrial expansion and strong

GDP growth driving power demand
(2/2)
82GW worth of generation capacity is set to be

added during FY11-FY15; future investments will
benefit from strong demand fundamentals,
policy support, and increasing government focus
on infrastructure
Per-capita electricity consumption (KWh)

750
718.1
680.7
700
648.4
650
Residential consumption has been growing

at a fast pace; growth was 14 per cent in
FY11
Government initiatives like RGGVY and
Power for all will further drive the
demand Notes: RGGVY - Rajiv Gandhi Grameen
Vidyutikaran Yojana
613.1
600
550
543.2
561.9
583.8
500
450
400
2010 2011 2012E 2013E 2014E 2015E 2016E
Source: Estimates as per BMI India power report Q4
2012, Mckinsey, Aranca Research
16
GROWTH DRIVERS
Power
MARCH
2013
Policy support aiding growth in the

sector
Elimination of licensing for electricity generation projects
Increased competition through international competitive bidding
Demarcation of transmission as a separate activity
Electricity Act, 2003
Adequate return on investment to the companies engaged in power

generation, transmission and distribution
Uniform guidelines to SERCs for fixing tariffs
Assured electricity to consumers at reasonable and competitive rates
National Tariff Policy,

2006
Launch of Ultra Mega Power Project (UMPP) scheme through tariff based
competitive bidding
Ease of land possession, provision of fuel, water and necessary
clearances for enhancing investor confidence
R-APDRP was launched by Ministry of Power with the purpose of reducing
AT&T losses up to 15 per cent by upgradation of transmission and
distribution network
Linking disbursement of central government funds (to states) with
actual reduction in transmission and distribution losses. Sanctioned
projects of more than USD5.8 billion
Ultra Mega Power

Projects (UMPP)
R-APDRP
Fuel Supply
Agreement
Fuel supply agreement with Coal India Ltd. will ensure the availability of
coal for power companies over the long term
Source: KPMG, CRISIL, Ministry of Power, Aranca Research

Notes: R-APDRP - Restructured Accelerated Power Development and Reform
Programme,
SERC - State Electricity Regulatory Commission, AT&T - American Telephone &
GROWTH DRIVERS
17 Telegraph
Systems
Power
MARCH
2013
Budget FY13: Power is a key focus

area
Government has removed customs duty on import of coal and natural gas
Government has directed Coal India Ltd to sign fuel supply agreements with power companies to boost
energy generation
Power companies have been allowed to take recourse to external commercial borrowings (ECBs) to
part finance their rupee debt
The withholding tax on ECBs has been reduced to 5 per cent from 20 per cent
The limit for tax-free bonds for the power sector has been increased to INR100 billion (~USD2 billion)
from INR50 billion (~USD1billion)
Government has also extended the tax holiday for one year; this allows power producers to claim tax
exemption up to 10 years
Source: Union Budget FY13, various news

artilces,
Indian Express, Aranca Research
18
GROWTH DRIVERS
Power
MARCH
2013
Increasing investments: FDI inflows

and key deals (1/2)
Power is one of the key sectors attracting FDI

inflows into India
During FY06-12, FDI inflows into the sector

increased from a mere USD87 million in FY06 to
USD1,652 million in FY12
FDI inflows into the power sector

1,652
USD million
1,437
CAGR:
63.3%
967
1,252
985
87
157 FY08 FY09 FY10 FY11 FY12
FY06 FY07
Source: : Department of Industrial Policy and
Promotion, Aranca Research
19
GROWTH DRIVERS
Power
MARCH
2013
Increasing investments: FDI inflows

and key deals (2/2)
The sector has witnessed a total of 35 M&A

deals since 2010
Morgan
Stanley
Infrastructure
Funds
investment in Asian Genco Pvt Ltd was the
largest PE transaction in the Indian power sector
Global power giants like GDF Suez of France and
E.ON of Germany have drawn up plans to enter
the Indian market
Notes: FDI - Foreign Direct Investment, PE Private Equity
Mergers and Acquisitions (M&A)

Acquirer
Target
Deal
date
Deal
value
(USD
million)
Athena Capital
Partners LLP
India
Infrastructure
Fund
Warburg Pincus
India Pvt Ltd
SPS Ispat and

Power Ltd
08th Jul
2011
67.6
Caparo Energy
(India) Ltd
17th Jun
2011
78.5
Diligent Power
Pvt Ltd
Moser Baer
Blackstone Group
Projects Pvt
LP
Ltd
Morgan Stanley
Asian Genco
Infrastructure
Pvt Ltd
11th May
2011
150.0
18th Aug
2010
300.0
18th Mar
2010
425.0
GSPC Distribution Gujarat Gas Co

Networks Ltd
Ltd
3rd Oct
2012
674.2
Source: Thomson One Banker, Economic Times,

Aranca Research
20
GROWTH DRIVERS
Power
MARCH
2013
Contents
Advantage India
Growth drivers
Opportunities
Useful information
21
Power
MARCH
2013
NTPC: A public sector success

(1/2)
During FY06-12, NTPCs revenues increased at a

CAGR of 16 per cent; CAGR in profits was 9 per
cent
Top line and bottom line (USD billion)

2.5
NTPC accounts for 19 per cent of the countrys

capacity; however it contributes 27.4 per cent
of total power generation
2.0
The company has an installed capacity of

39,674 MW. It plans to become a 128,000 MW
company by 2032
1.0
It spent approximately USD 2.2billion in

FY12 and plans to spend an additional
USD4 billion in FY13 in expansion activity
Company is planning to set up a 800 Mega watt (MW) advanced ultra super
critical plant, which will be the first in
India
16.0
14.0
12.0
10.0
1.5
8.0
6.0
4.0
0.5
2.0
0.0
0.0
FY06 FY07 FY08 FY09 FY10 FY11 FY12
Net Profit
Net Sales- right axis
Source: NTPC website, annual reports,

Economic Times, Aranca Research
Notes: NTPC - National Thermal Power
Corporation
SUCCESS STORIES:
NTPC, TATA POWER
22
Power
MARCH
2013
NTPC: A public sector success

(2/2)
NTPC has taken over and successfully turned

around a number of sub-optimally performing
stations
Impact of NTPC takeover of sub-optimal plants (PLF)
High operational efficiency (indicated by plant

load factor and availability factor) is NTPCs
trademark
100%
120%
80%
98%
86%
86%
66%
60%
It is a pioneer in high-efficiency supercritical and

ultra supercritical coal-based power plants in
India
40%
20%
0%
18% 19% 22%
Before takeover
Badarpur
Unchahar
After takeover
92%
Talcher
Tanda
Source: NTPC website, Annual Reports,

Notes: PLF - Plant load factor,
After Takeover - figures for FY08
SUCCESS STORIES:
NTPC, TATA POWER
23
Power
MARCH
2013
Tata Power: Forging ahead in the

private sector (1/2)
During FY06-12, Tata Powers profits increased

at a CAGR of 11.5 per cent
The company has an installed generation

capacity of 6900MW in India and presence in all
the segments of the power sector
Growth in net income (USD million)

243.8
181.2
The company is developing its first 4000 MW

Ultra Mega Power Project at Mundra (Gujarat)
based on super-critical technology
The company is increasingly eyeing the clean
energy segment; it recently acquired stakes in
two Australian companies in the sector
192.1
197.4
196.1
FY10
FY11
145.2
127.2
FY06
FY07
FY08
FY09
FY12
Source: Company website, annual reports,

SUCCESS STORIES:
NTPC, TATA POWER
24
Power
MARCH
2013
Tata Power: Forging ahead in the

private sector (2/2)
The company estimates its installed capacity to

expand five-fold in the next five years to 25000
MW (CAGR of 30 per cent from FY07 and 47 per
cent from FY12)
Installed capacity in mega watts (MW)

25,000
Recognising
the
enormous
potential
in
renewable energy, the company intends to
increase the share of renewable sources to 25
per cent of its total generating capacity in the
near future
5,297
2,300
FY07
3,120
FY11
FY12
FY17E
Source: Company website, FY17 estimate as per

press release, 15th July 2011
Note : MW - mega watt, CAGR - Compounded annual
growth rate
SUCCESS STORIES:
NTPC, TATA POWER
25
Power
MARCH
2013
Contents
Advantage India
Growth drivers
Opportunities
Useful information
26
Power
MARCH
2013
Power generation: Overall

fundamentals will remain strong
(1/2)
Demand for electricity is expected to expand at

a CAGR of 7.6 per cent over FY07-FY22 to 1,915
TWh
Electricity demand forecast

1,915
TWh
CAGR:
7.6%
Current production levels are not enough to

meet demand; annual demand outstrips supply
by about 7.5 per cent
1,392
969
690
FY07
FY12
FY17E
FY22E
Source: International Energy Agency (IEA), demand

estimates based on IEA forecasts, Aranca Research
Note: CAGR - Compounded annual growth rate
27
OPPORTUNITIES
Power
MARCH
2013
Power generation: Overall

fundamentals will remain strong
(2/2)
The government has targeted capacity addition

of 100,000 MW each under the 12th (2012-17)
and 13th (2017-22) Five Year Plans
There is tangible shift as regards to policy focus
on the sources of power; The government is
keen to promote hydro, renewable and gasbased projects, as well as adoption of clean coal
technology
Addition to generation capacity under Five Year Plans (GW)

120
100
100
12th E
13th E
100
80
55
60
40
20
21
Plan No 10th
11th
Source: Business Standard, capacity addition

estimates by Central Electricity Authority (CEA),
Aranca Research
Notes: TWh - terawatt-hour, E - estimates
28
OPPORTUNITIES
Power
MARCH
2013
Current trends point to

opportunities across the value
chain
Adani Power
Generation
Germac Energy
and Sepco III
(JV)
Coal-fired plant in Tamil Nadu; investment of USD1.3

billion
Nuclear power ambition; studying entry strategy
with minimum investment of USD3.0 billion
Tata Power
T&D
USD2.5 billion investment in hydro-power in

Arunachal Pradesh with combined generating
capacity of 2.5 GW
Reliance Power
Power Grid
Corporation of
India Ltd (PGCIL)
Investment
s across
the value
chain
Plans to invest USD17.7 billion in power generation

by 2014
Loan from ADB of USD600 million for development of highvoltage transmission system
Developing an integrated national grid, including strengthening
of five regional grids; project investment is worth about USD16
billion
Joint development of an India - Sri Lanka undersea transmission
link with the Ceylon Electricity Board at an estimated cost of
USD573 million
Source: BMI India power report Q3 2011, Aranca Research
Notes: JV - Joint venture, T&D - Transmission and distribution, GW
- gigawatt
29
OPPORTUNITIES
Power
MARCH
2013
Renewable energy is fast emerging

as a major source of power
Power generation from renewables (other than

hydropower) has been estimated at 20 GW in
2011, a 2.4 per cent share in Indias total power
generation
India has the sixth largest renewable (ex

hydropower) power generation capacity (2011)
GW
70
68
India ranks
sixth in the
world
61
Wind energy is the largest source of renewable

energy in India; it accounts for an estimated 87
per cent of total installed capacity in renewable
energy. The country aims to increase the
importance of wind power even further; there are
plans to double wind power generation capacity to
20 GW by 2022
Biomass is the second largest source of renewable
energy, accounting for 12 per cent of total
installed capacity in renewable energy. There is
strong upside potential in biomass in the coming
years
Solar energy accounts for 1 per cent of total
renewable energy installed capacity. However, the
share is not indicative of the countrys true
potential, which stands at an estimated 5,000
TWh per annum
28
22
20
11
Source: : Renewables 2012 Global Status Report

(REN21), Business Monitor International (BMI),
Aranca Research;
Note: TWh - Tera Watt hour; GW - Gigawatt
MARKET
Power
MARCH
2013
Strong upward trend in nuclear

energy likely in the medium to long
term
In 2010, India was fifth in the Asia-Pacific region in

nuclear electricity net generation (behind Japan,
South Korea, China, Taiwan)
Currently, the country has net electricity

generation capacity of 4.8 GW, using nuclear
fuels, across twenty reactors. Of the twenty
reactors, 18 are pressurised heavy water reactors
(PHWR); two are boiling water reactors (BWR)
The government aims to quadruple Indias nuclear

power generation capacity to 20 GW by 2020;
seven nuclear power reactors of 4,890 Mw
capacity are already under construction
Nuclear energy production in India in (GW)
20
4.4
2012
Nuclear Power Corporation of India Limited

(NPCIL) is planning to construct five nuclear
energy parks with a capacity of 10,000 Mwe
2020E
Source: Ministry of New and Renewable Energy,

Business Monitor International , Aranca Research
Note: GW - Gigawatts; MWe - Mega Watt electric
PHWR - Pressurised Heavy Water Reactors
BWR - Boling Water Reactiors
MARKET
Power
MARCH
2013
Contents
Advantage India
Growth drivers
Opportunities
Useful information
32
Power
MARCH
2013
Industry Associations (1/2)

Council of Power Utilities
A-2/158, Janakpuri,New Delhi -110058, India
Tel : 91 11 25618472, 45652708
Fax : 25611622
E-mail : cvjvarma@gmail.com, cvjv1933@yahoo.com
Web site: www.indiapower.org
Hydro Power Association (India)
Flat no 6, Green Park Apartment,Shriram Society, Warje,
Pune - 411058,Maharashtra, India
Tel: 91 20 25233338
E-mail: hypaindia@gmail.com, president@hpaindia.org,
secretary@hpaindia.org
Website: http://hpaindia.org/
Bureau of Energy Efficiency (BEE)
Ministry of Power, 4th Floor, SEWA Bhawan, R. K.Puram, New
Delhi - 110066, India
Tel: 91 11 26179699
Fax: 91 11 26178352
E-mail: webmanager-bee@nic.in
Website: http://www.beeindia.in/
33
USEFUL INFORMATION
Power
MARCH
2013
Industry Associations (2/2)

Indian Wind Energy Association (INWEA)
PHD House, 3rd Floor, Opp. Asian Games Village, August
Kranti Marg, New Delhi - 110016, India
Tel : 91-11-26523042
E-mail : manish@inwea.org
Web site: http://www.inwea.org/
34
USEFUL INFORMATION
Power
MARCH
2013
Glossary (1/2)
CAGR: Compound Annual Growth Rate
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
So FY10 implies April 2009 to March 2010
GW: gigawatt
M&A: Merger and Acquisition
MW: Megawatt
NBFC: Non-Banking Financial Company
PE: Private Equity
PLF: Plant Load Factor
R&D: Research and Development
35
USEFUL INFORMATION
Power
MARCH
2013
Glossary (2/2)
R-APDRP: Restructured Accelerated Power Development and Reform Programme
T&D: Transmission and Distribution
TWh: terawatt-hour
RGGVY: Rajiv Gandhi Grameen Vidyutikaran Yojana
USD: US Dollar
Conversion rate used: USD1= INR48
Wherever applicable, numbers have been rounded off to the nearest whole number
36
USEFUL INFORMATION
Power
MARCH
2013
Disclaimer
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Aranca to prepare this presentation and the same
has been prepared by Aranca in consultation with
IBEF.
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exclusively owned by IBEF. The same may not be
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Power

For updated information, please visit www.ibef.org

For updated information, please visit www.ibef.org

Growing population, and

One of the key sectors

Large capacity additions

Ambitious projects and

Elimination of licensing for

Cost reduction and

Fuel supply agreement of

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For updated information, please visit www.ibef.org

Evolution of the Indian Power

Electricity Act (2003)

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India is among the worlds top five

India is the fifth largest producer and consumer

Worlds leading electricity producers (2011)

1,000 2,000 3,000 4,000 5,000

Source: CIA World Factbook, Aranca Research

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Power generation has been growing

Electricity production in India (TWh)

Electricity production in India (excluding captive

Electricity production for the period April to

Source: Central Electricity Authority (CEA), Aranca

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Sources of power with shares in

India has large reserves of coal; estimates for FY11

Indias proven natural gas reserves measure about

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Source: Ministry of Coal, NHPC,CEA, The Hindu, Corporate Catalyst India,

Generation capacity has been

Indias installed power generation capacity was

Installed capacity has been increasing steadily

Installed electricity generation capacity (GW)

Installed capacity as on October 2012 stood at

Source: Central Electricity Authority (CEA), Aranca

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Generation capacity has been

Among the different sources of power in India,

Comparison of installed capacity (GW)

the CAGR in installed capacity over FY09-12 was

12 per cent for thermal power

23 per cent for renewable energy, the

80 100 120 140 160

Source: Central Electricity Authority (CEA), Aranca

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Key players in the power sector

CESC Limited is a vertically integrated player engaged in coal mining, and

*This list is indicative

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Source: Company websites, News articles, Aranca

Key players in the power sector

Power Finance Corporation Limited (PFC ) is an NBFC engaged in financing and

*This list is indicative

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Source: Company websites, News articles, Aranca

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Strong demand and policy support

Notes: FDI - Foreign Direct Investment, M&A - Merger and Acquisition,

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Industrial expansion and strong