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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

For updated information, please visit www.ibef.org

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

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ADVANTAGE INDIA

Power

MARCH
2013

Contents
Advantage India
Market overview and trends
Growth drivers
Success stories: NTPC, Tata Power
Opportunities
Useful information

For updated information, please visit www.ibef.org

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

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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

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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.

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MARKET
7 OVERVIEW AND TRENDS

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%

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


Aranca Research
Notes: MW - megawatt
MARKET
8 OVERVIEW AND TRENDS

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*

Source: Central Electricity Authority (CEA), Aranca


Research
Note: GW - Gigawatt, Data for FY13* is as on October 2012

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MARKET
9 OVERVIEW AND TRENDS

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

Source: Central Electricity Authority (CEA), Aranca


Research,
Data for FY13* is as on October 2012

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MARKET
10 OVERVIEW AND TRENDS

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

For updated information, please visit www.ibef.org

Source: Company websites, News articles, Aranca


Research
MARKET
11 OVERVIEW AND TRENDS

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

For updated information, please visit www.ibef.org

Source: Company websites, News articles, Aranca


Research
Notes: NBFC - Non-banking financial company
MARKET
12 OVERVIEW AND TRENDS

Power

MARCH
2013

Contents
Advantage India
Market overview and trends
Growth drivers
Success stories: NTPC, Tata Power
Opportunities
Useful information

For updated information, please visit www.ibef.org

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

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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

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

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
For updated information, please visit www.ibef.org
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

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

20

GROWTH DRIVERS

Power

MARCH
2013

Contents
Advantage India
Market overview and trends
Growth drivers
Success stories: NTPC, Tata Power
Opportunities
Useful information

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

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,


Economic Times, Aranca Research
Notes: PLF - Plant load factor,
After Takeover - figures for FY08

For updated information, please visit www.ibef.org

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,


Economic Times, Aranca Research

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

SUCCESS STORIES:
NTPC, TATA POWER
25

Power

MARCH
2013

Contents
Advantage India
Market overview and trends
Growth drivers
Success stories: NTPC, Tata Power
Opportunities
Useful information

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

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

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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

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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

For updated information, please visit www.ibef.org

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
30 OVERVIEW AND TRENDS

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

For updated information, please visit www.ibef.org

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
31 OVERVIEW AND TRENDS

Power

MARCH
2013

Contents
Advantage India
Market overview and trends
Growth drivers
Success stories: NTPC, Tata Power
Opportunities
Useful information

For updated information, please visit www.ibef.org

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/

For updated information, please visit www.ibef.org

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/

For updated information, please visit www.ibef.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

For updated information, please visit www.ibef.org

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

For updated information, please visit www.ibef.org

36

USEFUL INFORMATION

Power

MARCH

2013

Disclaimer
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has been prepared by Aranca in consultation with
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All rights reserved. All copyright in this
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written approval of IBEF.
This presentation is for information purposes only.
While due care has been taken during the
compilation of this

For updated information, please visit www.ibef.org

presentation to ensure that the information is


accurate to
the best of Aranca and IBEFs knowledge and
belief, the content is not to be construed in any
manner whatsoever as a substitute for professional
advice.
Aranca and IBEF neither recommend nor endorse
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they assume any liability or responsibility for the
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Neither Aranca nor IBEF shall be liable for any
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37

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