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Power

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Power

April, 2012

Introduction

The Indian power sector, will add nearly 45,000 megawatt (MW) to its total installed capacity by 2013-14, to the existing production, according to a RNCOS research report, "Indian Power Sector Analysis."

India continued its ascent as a top destination for private clean energy investment, according to a research report released by The Pew Charitable Trusts. "Clean energy investment, excluding research and development, has grown by 600 per cent since 2004," according to Phyllis Cuttino, Director, Pew's Clean Energy Program. India's 'National Solar Mission,' with a goal to have 20 gigawatt (GW) of solar power installed by 2020, helped drive the seven-fold jump in solar energy investments to US$ 4.2 billion, the report said. India now has 22.4 GW of installed clean energy generating capacity.

After commercially utilising large tracts of wasteland, Gujarat is set to emerge as India's largest solar power destination. India's first Solar Power Park with generation capacity of 500 MW in Charanka village, in Patan district, on April 19, 2012, was launched by Mr Narendra Modi, Chief Minister of Gujarat.

Adani Power has synchronised the fifth unit of the Mundra power plant, taking its total generating capacity to 4,620 MW, making it the world's largest single location coal-fired plant in the private sector and the fifth largest globally.

Market/ Industry Size

A study is pegging Indian potential for wind energy at 3,000 GW. It claims that the potential for wind energy utilisation with the prevalent technologies is far in excess of earlier estimates by Center for Wind Energy Technology (CWET). The Centre estimated Indian wind energy potential at 49,000 MW and increased to 100 GW subsequently.

The foreign direct investment (FDI) received in the power sector during April 2000 to February 2012 stood at US$ 7,262.01million, according to statistics released by the Department of Industrial Policy and Promotion (DIPP).

Recent Trends and Investments

  • NTPC Ltd has recently announced that it would invest over Rs 24,000 crore (US$ 4.57 billion) to set up two power projects in Odisha in the 12th Five Year Plan, with a view to expand and generate capacity by about 4,500 MW in the State, as compared to the present capacity of 3,460 MW
  • Hinduja Energy India has formed a joint venture (JV) with Steag Energy Services (India) for operation and maintenance of power projects. "Through the cooperation with our Indian partner, we are expanding our commitment to the international power plant business," added Joachim Rumstadt, Chairman of the Executive Board, Steag
  • Toshiba JSW Turbine & Generator Pvt Ltd will supply turbines for Rs 10,000 crore (US$ 1.90 billion) thermal power plant in Karnataka. The Kudgi project is NTPC's first in Karnataka. The total value of the contract is around Rs 2,300 crore (US$ 437.76 million)
  • Neyveli Lignite Corportion Ltd (NLC) plans to set up a 2,000 MW coal fired power unit in Odisha through a JV with a state government owned PSU. The proposed investment is of around Rs 10,000 crore (US$ 1.90 billion). The State Government had earlier signed memoranda of understanding (MoUs) with 29 independent power producers (IPPs) for setting up coal-based plants with a combined capacity of 37,000 MW
  • NTPC has commissioned the first units of 500 MW at its Mouda power plant in Maharashtra, of which around 150 MW would be supplied to the host state
  • The Government of Andhra Pradesh (AP) and GDF Suez LNG UK Ltd will sign a project framework for setting up of a floating storage re-gasification unit at Kakinada seaport. The terminal will be set up by GAIL (India) Ltd and Andhra Pradesh Gas Distribution Corporation (APGDC) with an outlay of Rs 4,000 crore (US$ 761.32 million). This project is expected to support 3,000 MW of power capacity
  • Solar photovoltaic module manufacturer Titan Energy Systems Ltd has announced its partnership with Ortiz Energia, a subsidiary of Spanish entity Groupo Ortiz to take up solar projects in the country
  • Lanco Infratech Ltd's subsidiary Lanco Solar has announced the completion of 56 MW grid connected solar photovoltaic (PV) power plants in Gujarat. These plants will generate upto 90 million units of green electricity annually, resulting in reduction of carbon dioxide emissions by 85,757 tonnes annually, as per Lanco's media statement
  • Reliance Power has successfully commissioned its fourth unit of 300 MW at Rosa Thermal Power Plant (Uttar Pradesh), making the 1,200 MW project fully operational. The 1,200 MW Rosa plant is consistently operating above 95 per cent plant load factor and ranks among the best, according to J P Chalasani, CEO, Reliance Power
  • ABB plans to invest Rs 250 crore (US$ 47.58 million) to build new facilities in India to manufacture high-voltage power products and transformers. The company will also export products manufactured in India. ABB has commissioned three 765 kV sub-stations for Power Grid Corporation of India Ltd (PGCIL)
  • Suzlon Group's subsidiary, REpower Systems SE, has signed contracts to supply wind turbines for two wind farms in England, for a total of 20 MW of power. Both the wind farms are expected to be completed in early 2013
  • The Electronics Division of State-owned Bharat Heavy Electricals Ltd (BHEL) has commissioned 13 MW of solar power plants across the country under its solar photovoltaic (PV) business in 2011-2012. The company aims to commission 20 MW of PV projects during the current year