India Electricity Industry Report - H1, 2013

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India Electricity Industry Report - H1, 2013

This report discusses the current state of the electricity industry in India, with an analysis of trends in the sector through H1 2013 and market outlook through 2021–22. The report also includes reviews the leading players in the sector, among them NTPC, Tata Power, and Reliance Infrastructures.

India’s fast-paced economic growth and its rapid rate of industrialization and urbanization have fuelled energy demand. According to the Central Electricity Authority (CEA), an additional capacity of around 76,000 MW is needed to satisfy the projected demand by 2016–17. Given that electricity has become more and more imperative to achieving or maintaining India’s economic growth, the government has an ambitious vision to supply electricity to the whole of India in the coming years.

The country’s appetite for energy is growing extremely fast, with demand outstripping supply, which has resulted in power shortages. India consumes roughly 3% of the world’s total energy. Despite increases in energy use, consumption per capita in India is one of the lowest in the world, but this figure is steadily increasing. India currently has the fifth-largest generation capacity in the world. Thermal generation constitutes more than two-thirds of the total energy generation.

In order to fuel a rapidly growing economy, the Indian energy sector requires investments to the tune of USD 120bn–150bn every five years. The imperative for private sector investment is strong in order to complement the public sector in meeting this investment requirement and to bring in the required capabilities and technologies to enhance energy resource extraction. Moreover, government policies and foreign investment in the sector will help in bridging the gap between supply and demand for electricity in India.

Key Points:

• This report offers an overview of the market position (including financial highlights) for leading players including National Thermal Power Corporation Limited (NTPC), Tata Power Company Limited (Tata Power), and Reliance Infrastructure Limited (Reliance Infrastructures or RELINFRA). The report also includes a comparative matrix and SWOT analysis for the same firms.

• Looking at the 12th Plan (2012–17), a capacity addition close to 100,000 MW is anticipated, around 50% of which is expected to come from the private sector.

• The annual energy generation for FY13 grew by 4% y/y to 912.1 billion units (BU), representing 98% of the targeted generation.

• The annual power deficit declined successively during 2009–12, touching 8.4% at the end of FY12. However, it saw a marginal increase of 30 basis points during FY13.

• During the 11th Plan, India’s electrical energy consumption grew at a CAGR of 11%. In the fiscal year 2011–12, India’s electrical energy consumption increased 11.3% y/y to 773BU.

Table of Contents

1. Industry Profile
1.1 Sector overview
1.2 Sector size
1.3 Competitive landscape
1.4 Environmental scanning

2. Market Trends and Outlook
2.1 Key economic indicators-India
2.2 Generation performance
2.3 Plant load factor (PLF)
2.4 Power demand-supply position
2.5 Consumption
2.6 Installed capacity
2.7 Transmission and distribution
2.8 Rural electrification
2.9 Hydropower development
2.10 Market outlook

3. Leading Players and Comparative Matrix
3.1 Leading players
3.1.1 National Thermal Power Corporation Limited (NTPC)
3.1.2 Tata Power Company Limited (Tata Power)
3.1.3 Reliance Infrastructure Limited (Reliance Infrastructures)
3.2 Comparative matrix
3.3 SWOT analysis

4. Tables & Charts

Table 1: Per capita consumption of major countries
Table 2: Capacity addition target during the 12th plan and achievement
Table 3: Key objectives of the National Electricity Policy
Table 4: Salient features of the Electricity (Amendment) Act 2007
Table 5: Functions of the CERC
Table 6: FDI policy in power sector
Table 7: Plant Load Factor (PLF) during 2005-06 to 2012-2013
Table 8: Steps taken by the MOP to increase the power availability
Table 9: Transmission & Distribution and Aggregate Technical & Commercial Losses
Table 10: Rural electrification and pump-sets energized
Table 11: Sector-wise summary of hydropower projects during the 12th Plan
Table 12: Reliance Infrastructures power generation capacity
Table 13: Financial ratios of leading players

Chart 1: Sources of electricity generation by installed capacity
Chart 2: Generation capacity by sector
Chart 3: Annual electricity sales in the country
Chart 4: Planned outlay on power sector-Union Budget
Chart 5: Cumulative FDI inflows in the power sector
Chart 6: Market share of power companies by installed capacity
Chart 7: Position of constituent parties in lower house of parliament
Chart 8: Per capita electricity consumption
Chart 9: Primary source of lighting of Indian households
Chart 10: Quarterly GDP growth rate-India
Chart 11: Average monthly USD to INR exchange rate
Chart 12: Inflation during FY13-India
Chart 13: Y/Y change in Index of industrial production
Chart 14: GDP by sectors at factor prices
Chart 15: Percentage change over previous year- GDP by Sector
Chart 16: Annual electricity generation in India
Chart 17: Generation mix in India during FY13
Chart 18: Annual power demand and supply position in India
Chart 19: Demand and supply position in India-Region wise
Chart 20: Power demand by region
Chart 21: India's total electricity consumption
Chart 22: Electricity consumption by sector
Chart 23: Installed capacity by region
Chart 24: Year wise number of villages electrified
Chart 25: Annual electricity generated by NTPC
Chart 26: Net sales of NTPC-Annual
Chart 27: Profit margins of NTPC
Chart 28: Tata Power installed capacity by source
Chart 29: Net sales of Tata Power-Annual
Chart 30: Profit margins of Tata Power
Chart 31: Net sales of Reliance Infrastructures
Chart 32: Profit margins of Reliance Infrastructures

Number of pages: 36
Release Date: Fri, 18 Oct 2013