Indian Power Sector Analysis
Being one of the fastest growing economies and the second largest populated country, India represents an attractive destination for the power industry. The working age population is increasing at a rapid pace, thereby creating a strong demand for electricity. The rising consumption of energy validates the fact. In the past few years, there has been a splendid growth in the power generation and capacity and with the proper enactment of several policies; the trend is likely to continue in the coming future. Reforms such as, the Electricity Act and National Electricity Policy will provide the necessary impetus to the Indian power sector.
According to our new research report, “Indian Power Sector Analysis”, state governments in co-operation with central and private players is devising strategies to ensure that the power deficits can be reduced and large number of villages can be electrified. The states are focusing on those aspects of energy, in which they have an edge, such as solar power, wind power, or hydro power. To tap the underlying potential, the states are making targets for capacity additions and funds availability. In other words, the states are complementing the efforts made by the government at the central level with respect to the power sector.
During our analysis of the Indian power sector, we have discovered that the total installed capacity will add nearly 45,000 MW by 2013-14 to the existing production. However, demand is much higher than supply with deficit projected to be more than 12% during 2010-11 in the country. In order to properly address the demand-supply gap, one effective solution lies in the efficient use of renewable energy sources. Renewable energy is the buzz word in Indian power sector and most of the public and private players are coming up with plans to tap the potential market.
The report effectively analyzes the Indian power sector market by focusing on key aspects, such as generation, distribution, and transmission. The report makes an attempt to investigate the current status of development in power sector in various states of India, thereby providing an enlarged and regional view. Moreover, the role of government and private players has also been analyzed in a prudent manner to facilitate our clients in understanding the minute aspects of the sector. Overall, the report is likely to prove as a proper source of knowledge for investors and clients interested for investment in the Indian power sector.
According to our new research report, “Indian Power Sector Analysis”, state governments in co-operation with central and private players is devising strategies to ensure that the power deficits can be reduced and large number of villages can be electrified. The states are focusing on those aspects of energy, in which they have an edge, such as solar power, wind power, or hydro power. To tap the underlying potential, the states are making targets for capacity additions and funds availability. In other words, the states are complementing the efforts made by the government at the central level with respect to the power sector.
During our analysis of the Indian power sector, we have discovered that the total installed capacity will add nearly 45,000 MW by 2013-14 to the existing production. However, demand is much higher than supply with deficit projected to be more than 12% during 2010-11 in the country. In order to properly address the demand-supply gap, one effective solution lies in the efficient use of renewable energy sources. Renewable energy is the buzz word in Indian power sector and most of the public and private players are coming up with plans to tap the potential market.
The report effectively analyzes the Indian power sector market by focusing on key aspects, such as generation, distribution, and transmission. The report makes an attempt to investigate the current status of development in power sector in various states of India, thereby providing an enlarged and regional view. Moreover, the role of government and private players has also been analyzed in a prudent manner to facilitate our clients in understanding the minute aspects of the sector. Overall, the report is likely to prove as a proper source of knowledge for investors and clients interested for investment in the Indian power sector.
1. ANALYST VIEW
2. FOCUS ON INDIA
2.1 Growing Economy
2.2 Regulatory Reforms
2.3 Demand-Supply Situation
2.4 Rural Electrification Program
2.4.1 Rajiv Gandhi Grameen Vidhyutikaran Yojana (RGGVY)
2.4.2 Rural Electrification Projects under RGGVY
3. INDIA POWER - UNEXPLORED OPPORTUNITIES
3.1 Transmission Schemes
3.2 Thermal Power Development
3.3 Hydro Power Development
3.4 Growth Potential by Consumer Sector
3.5 Ultra Mega Power Projects
3.6 Capacity Addition
3.7 Vertical Industry
3.8 Shortfalls
3.9 Renewable Energy Sources
3.10 Merchant Power Plants
4. POWER SECTOR - INDIA VS DEVELOPING COUNTRIES
4.1 Investment Perspective
4.2 Regulatory Environment
5. INDUSTRY PERFORMANCE
5.1 Installed Capacities of Power Utilities
5.1.1 Maharashtra
5.1.2 Gujarat
5.1.3 Tamil Nadu
5.1.4 Andhra Pradesh
5.1.5 Karnataka
5.2 Power Transmission
5.3 Power Distribution
5.4 Power Consumption
6. POTENTIAL FOR PRIVATE PLAYERS IN POWER GENERATION
7. ANALYSIS BY NON CONVENTIONAL ENERGY SOURCES
7.1 Nuclear Power
7.2 Wind Power
7.3 Solar Power
7.3.1 Rajasthan
7.3.2 Gujarat
7.3.3 Tamil Nadu
7.3.4 Maharashtra
7.3.5 West Bengal
8. CHALLENGES
8.1 Irrational & Unremunerative Tariff Structure
8.2 Unbalanced Growth & Shortage
8.3 Payment Risks
8.4 Reform Challenges
8.5 Price Hike
9. POWER SECTOR REGULATORY FRAMEWORK
10. KEY PLAYERS
10.1 Power Generation
10.1.1 National Thermal Power Corporation Limited
10.1.2 Nuclear Power Corporation of India Limited
10.1.3 National Hydroelectric Power Corporation
10.1.4 North Eastern Electric Power Corporation Limited
10.2 Power Transmission
10.2.1 Damodar Valley Corporation
10.2.2 Power Grid Corporation of India
10.3 Power Distribution
10.3.1 Reliance Infrastructure Limited
10.3.2 Tata Power
2. FOCUS ON INDIA
2.1 Growing Economy
2.2 Regulatory Reforms
2.3 Demand-Supply Situation
2.4 Rural Electrification Program
2.4.1 Rajiv Gandhi Grameen Vidhyutikaran Yojana (RGGVY)
2.4.2 Rural Electrification Projects under RGGVY
3. INDIA POWER - UNEXPLORED OPPORTUNITIES
3.1 Transmission Schemes
3.2 Thermal Power Development
3.3 Hydro Power Development
3.4 Growth Potential by Consumer Sector
3.5 Ultra Mega Power Projects
3.6 Capacity Addition
3.7 Vertical Industry
3.8 Shortfalls
3.9 Renewable Energy Sources
3.10 Merchant Power Plants
4. POWER SECTOR - INDIA VS DEVELOPING COUNTRIES
4.1 Investment Perspective
4.2 Regulatory Environment
5. INDUSTRY PERFORMANCE
5.1 Installed Capacities of Power Utilities
5.1.1 Maharashtra
5.1.2 Gujarat
5.1.3 Tamil Nadu
5.1.4 Andhra Pradesh
5.1.5 Karnataka
5.2 Power Transmission
5.3 Power Distribution
5.4 Power Consumption
6. POTENTIAL FOR PRIVATE PLAYERS IN POWER GENERATION
7. ANALYSIS BY NON CONVENTIONAL ENERGY SOURCES
7.1 Nuclear Power
7.2 Wind Power
7.3 Solar Power
7.3.1 Rajasthan
7.3.2 Gujarat
7.3.3 Tamil Nadu
7.3.4 Maharashtra
7.3.5 West Bengal
8. CHALLENGES
8.1 Irrational & Unremunerative Tariff Structure
8.2 Unbalanced Growth & Shortage
8.3 Payment Risks
8.4 Reform Challenges
8.5 Price Hike
9. POWER SECTOR REGULATORY FRAMEWORK
10. KEY PLAYERS
10.1 Power Generation
10.1.1 National Thermal Power Corporation Limited
10.1.2 Nuclear Power Corporation of India Limited
10.1.3 National Hydroelectric Power Corporation
10.1.4 North Eastern Electric Power Corporation Limited
10.2 Power Transmission
10.2.1 Damodar Valley Corporation
10.2.2 Power Grid Corporation of India
10.3 Power Distribution
10.3.1 Reliance Infrastructure Limited
10.3.2 Tata Power
LIST OF FIGURES:
Figure 2-1: Global - Largest Economies in terms of GDP PPP (Trillion US$), 2010
Figure 2-2: Comparative Gross Domestic Electricity Consumption (‘000 GWh), 2009 & 2014
Figure 3-1: Hydro Power Capacity (‘000 MW), 2007-2009, 2012 & 2017
Figure 4-1: Global - Annual Growth in Electricity Generation by Region (%), 2004 to 2030
Figure 4-2: Cumulative Investment in Energy Infrastructure (%), 2006 to 2030
Figure 5-1: Installed Power Generation Capacity (MW), 2008-09 to 2010-11 & 2013-14
Figure 5-2: Installed Power Generation Capacity by Source (%), 2011
Figure 7-1: Cumulative Grid Interactive Renewable Power by Type (%), 2011
Figure 7-2: Forecast for Renewable Energy Capacity Addition (MW), 2012 & 2022
Figure 7-3: Cumulative Solar PV Production by Segment (%), 2010
Figure 7-4: Cumulative Solar Power Plant Capacity (MW), 2008 & 2009
Figure 7-5: Installed Solar Thermal Capacity (MW), 2001-2007
Figure 2-1: Global - Largest Economies in terms of GDP PPP (Trillion US$), 2010
Figure 2-2: Comparative Gross Domestic Electricity Consumption (‘000 GWh), 2009 & 2014
Figure 3-1: Hydro Power Capacity (‘000 MW), 2007-2009, 2012 & 2017
Figure 4-1: Global - Annual Growth in Electricity Generation by Region (%), 2004 to 2030
Figure 4-2: Cumulative Investment in Energy Infrastructure (%), 2006 to 2030
Figure 5-1: Installed Power Generation Capacity (MW), 2008-09 to 2010-11 & 2013-14
Figure 5-2: Installed Power Generation Capacity by Source (%), 2011
Figure 7-1: Cumulative Grid Interactive Renewable Power by Type (%), 2011
Figure 7-2: Forecast for Renewable Energy Capacity Addition (MW), 2012 & 2022
Figure 7-3: Cumulative Solar PV Production by Segment (%), 2010
Figure 7-4: Cumulative Solar Power Plant Capacity (MW), 2008 & 2009
Figure 7-5: Installed Solar Thermal Capacity (MW), 2001-2007
LIST OF TABLES:
Table 2-1: Power Demand Availability Situation (2011-12)
Table 2-2: Number of Villages Electrified under RGGVY (2011)
Table 2-3: Target and Achievement of Bharat Nirman Rural Electrification (2009-10 & 2010-11)
Table 3-1: Cumulative Growth in Transmission for 11th Plan
Table 3-2: Projected Capacity Additions by Source (MW), 11th Plan
Table 3-3: Thermal Power Capacity Addition (MW), 12th Plan
Table 3-4: Small Hydro Power Capacity of Top States (MW)
Table 3-5: Power Consumption by Sector (%), 2009-10 to 2011-12
Table 3-6: Power Consumption by Region (MW), 2009-10 to 2011-12
Table 3-7: Power Consumption in Domestic Sector by Region (MW), 2009-10 to 2011-12
Table 3-8: Power Consumption in Commercial Sector by Region (MW), 2009-10 to 2011-12
Table 3-9: Power Consumption in Irrigation by Region (MW), 2009-10 to 2011-12
Table 3-10: Power Consumption in Industrial Sector by Region (MW), 2009-10 to 2011-12
Table 3-11: Power Consumption in Other Sectors by Region (MW), 2009-10 to 2011-12
Table 3-12: Forecast for Electricity Generation & Power Capacity (2011-12, 2016-17, 2021-22, 2026-27 & 2031-32)
Table 3-13: Requirement of Construction Equipment for Hydro Project (11th Plan)
Table 3-14: Requirement of Construction Equipment for Thermal Project (11th Plan)
Table 3-15: Grid Interactive Renewable Power (MW), 11th Plan
Table 3-16: Renewable Energy Potential by Source (MW), 2009 to 2032
Table 4-1: Global - Electricity Sector Investment Outlook (Billion US$), 2001 to 2030
Table 5-1: Installed Power Generation Capacity by Region (MW), 2011
Table 5-2: Installed Capacity of Power Stations by Region (MW), 2010
Table 5-3: Maharashtra - Installed Capacities of Power Utilities (MW), 2010
Table 5-4: Gujarat - Installed Capacities of Power Utilities (MW), 2010
Table 5-5: Tamil Nadu - Installed Capacities of Power Utilities (MW), 2010
Table 5-6: Andhra Pradesh - Installed Capacities of Power Utilities (MW), 2010
Table 5-7: Karnataka - Installed Capacities of Power Utilities (MW), 2010
Table 5-8: Power Transmission Capacity by Region (2009)
Table 6-1: States with Highest Power Deficit (2010)
Table 6-2: States likely to be Surplus in Power at the End of 11th Plan
Table 7-1: Nuclear Power Generation Capacity (MWe), 2010
Table 7-2: Nuclear Power Plants Capacity under Construction (MWe), 2010
Table 7-3: Wind Power Installed Capacity by State (MW), 2011
Table 7-4: Potential of Wind Power by State (MW)
Table 7-5: Total Generation from Wind Power Projects (MU), 2008-09
Table 9-1: Capital Expenditure in Power Sector (Million INR), 2007-08 & 2008-09
Table 10-1: National Thermal Power Corporation Limited - Financial Overview (Million INR), 2008-09 & 2009-10
Table 10-2: Nuclear Power Corporation of India Limited - Financial Overview (Million INR), 2008-09 & 2009-10
Table 10-3: National Hydroelectric Power Corporation - Financial Overview (Billion INR), 2009-10 & 2010-11
Table 10-4: North Eastern Electric Power Corporation Limited - Financial Overview (Million INR), 2008-09 & 2009-10
Table 10-5: Reliance Infrastructure Limited - Financial Overview (Billion INR), 2008-09 & 2009-10
Table 10-6: Tata Power - Financial Overview (Billion INR), 2009-10 & 2010-11
Table 2-1: Power Demand Availability Situation (2011-12)
Table 2-2: Number of Villages Electrified under RGGVY (2011)
Table 2-3: Target and Achievement of Bharat Nirman Rural Electrification (2009-10 & 2010-11)
Table 3-1: Cumulative Growth in Transmission for 11th Plan
Table 3-2: Projected Capacity Additions by Source (MW), 11th Plan
Table 3-3: Thermal Power Capacity Addition (MW), 12th Plan
Table 3-4: Small Hydro Power Capacity of Top States (MW)
Table 3-5: Power Consumption by Sector (%), 2009-10 to 2011-12
Table 3-6: Power Consumption by Region (MW), 2009-10 to 2011-12
Table 3-7: Power Consumption in Domestic Sector by Region (MW), 2009-10 to 2011-12
Table 3-8: Power Consumption in Commercial Sector by Region (MW), 2009-10 to 2011-12
Table 3-9: Power Consumption in Irrigation by Region (MW), 2009-10 to 2011-12
Table 3-10: Power Consumption in Industrial Sector by Region (MW), 2009-10 to 2011-12
Table 3-11: Power Consumption in Other Sectors by Region (MW), 2009-10 to 2011-12
Table 3-12: Forecast for Electricity Generation & Power Capacity (2011-12, 2016-17, 2021-22, 2026-27 & 2031-32)
Table 3-13: Requirement of Construction Equipment for Hydro Project (11th Plan)
Table 3-14: Requirement of Construction Equipment for Thermal Project (11th Plan)
Table 3-15: Grid Interactive Renewable Power (MW), 11th Plan
Table 3-16: Renewable Energy Potential by Source (MW), 2009 to 2032
Table 4-1: Global - Electricity Sector Investment Outlook (Billion US$), 2001 to 2030
Table 5-1: Installed Power Generation Capacity by Region (MW), 2011
Table 5-2: Installed Capacity of Power Stations by Region (MW), 2010
Table 5-3: Maharashtra - Installed Capacities of Power Utilities (MW), 2010
Table 5-4: Gujarat - Installed Capacities of Power Utilities (MW), 2010
Table 5-5: Tamil Nadu - Installed Capacities of Power Utilities (MW), 2010
Table 5-6: Andhra Pradesh - Installed Capacities of Power Utilities (MW), 2010
Table 5-7: Karnataka - Installed Capacities of Power Utilities (MW), 2010
Table 5-8: Power Transmission Capacity by Region (2009)
Table 6-1: States with Highest Power Deficit (2010)
Table 6-2: States likely to be Surplus in Power at the End of 11th Plan
Table 7-1: Nuclear Power Generation Capacity (MWe), 2010
Table 7-2: Nuclear Power Plants Capacity under Construction (MWe), 2010
Table 7-3: Wind Power Installed Capacity by State (MW), 2011
Table 7-4: Potential of Wind Power by State (MW)
Table 7-5: Total Generation from Wind Power Projects (MU), 2008-09
Table 9-1: Capital Expenditure in Power Sector (Million INR), 2007-08 & 2008-09
Table 10-1: National Thermal Power Corporation Limited - Financial Overview (Million INR), 2008-09 & 2009-10
Table 10-2: Nuclear Power Corporation of India Limited - Financial Overview (Million INR), 2008-09 & 2009-10
Table 10-3: National Hydroelectric Power Corporation - Financial Overview (Billion INR), 2009-10 & 2010-11
Table 10-4: North Eastern Electric Power Corporation Limited - Financial Overview (Million INR), 2008-09 & 2009-10
Table 10-5: Reliance Infrastructure Limited - Financial Overview (Billion INR), 2008-09 & 2009-10
Table 10-6: Tata Power - Financial Overview (Billion INR), 2009-10 & 2010-11
