Glimpses of the 18th India Power Forum

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Backdrop

Over the last six months, there have been quite a few positive devepopments at the policy level for power sector. Here are a few of the important ones.

  • Favourable amendments so as to expedite environment clearances by MoE and F.
  • Noti?cation of Coal Mines (Special Provisions) Ordinance within a month post de-allocation of captive coal blocks by the Supreme Court and
  • Efforts being undertaken by the Ministry of Power towards the rationalisation of coal linkages to the power sector so as op?mise the logistics cost and improve coal availability.

Quick Bites

  • A 10 Years Tax Holiday approved for power projects commissioning between 2014-15 and 2016-l7
  • On the transmission and distribution front. budget allocation has nearly doubled to its 80 billion
  • Banks have been permitted to raise long term financing for the infrastructure seetor.
  • Funds of Rs 5 billion for development of UMPPS have been proposed
  • Recent Notification :
    (a) Dean DayalUpadhyay Gram Jy0ti Yojana (with estimated project outlay of Rs 430 billion) which has a main objective of separation of agricultural and rural household supply feeders and
    b) Integrated power development scheme which also has a focus on investment schemes (with estimated project outlay of Rs 330 billion) to be executed in Urban area so as to control the loss levels.

The lndian power sector has an investment potential of US$ 250 billion or about Rs I5 trillion in the next 4-5 years. providing immense opportunities in power generation, transmission and distribution and equipment supply. Govt has set a target of producing 2 trillion units (Kwhs) of energy by 2019. This will mean doubling the current production capacity in order to achieve provide 24x7 electricity for residential, industry, commemial and agriculture use. It will take 3-4 years to achieve this target and entail large investment. It would require about $ 250 trillion in the next 4-5 years This is going to de?ne India's target of doubling power production, getting more gas into the system, looking at energy efficiency and implementing transmission and distribution network in a more focus way. Govt has also sought to restart stalled hydro power projects.

India is looking to smart grid infrastructure to help tackle an out of control electricity theft problem and improve reliability. Theft costs the lndian power sector $ l6.2 billion per year. The govt has already committed billions of dollars in funding for srnart grid infrastructure and cumulative spending is forecasted at $ 21.6 billion over the period 2015-2025.

India Energy Forum is organising its yearly ?agship event. 18th India Power Forum, against the backdrop of these favourable policy initiatives to revive the Indian power sector.

Organised By
India Energy Forum
Sponsors
NTPC
PFC
Power Grid
REC
SJVN
ACB
Supported By
MOP