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The Pricing of Internationally Traded Gas
The Pricing of Internationally Traded Gas Gas Pricing in India Anupama Sen OxfOrd University Press Great Clarendon Street, Oxford Ox2 6dP © Oxford Institute for Energy Studies 2012 The moral rights of the author have been asserted first published 2012 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of the Oxford Institute for Energy Studies, or as expressly permitted by law, or under terms agreed with the appropri- ate reprographics rights organization. Enquiries concerning reproduction outside the scope of the above should be sent to Oxford Institute for Energy Studies, 57 Woodstock road, Oxford Ox2 6fA. The contents of this book are the sole responsibility of the authors. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. IntroductIon Jonathan Stern This is the first academic book in any language to be entirely devoted to the pricing of internationally traded gas. The majority of books on gas are notably silent on the issue of pricing.1 Given the sizeable amount of research dealing with international oil prices, this is extremely surprising and would alone be sufficient justification for this work, but there are additional reasons for believing that such a volume is long overdue. First, the growing importance of natural gas in energy balances world- wide, which is partly a function of the expansion of international gas trade. Second the rise to prominence and importance of natural gas issues – and especially pricing issues – in energy and political relations between countries. -
Annual Report 2018-19
Annual Report 2018-19 Shri Narendra Modi, Hon’ble Prime Minister of India launching “Saubhagya” Yojana Contents Sl No. Chapter Page No. 1 Performance Highlights 3 2 Organisational Set-Up 11 3 Capacity Addition Programme 13 4 Generation & Power Supply Position 17 5 Ultra Mega Power Projects (UMPPs) 21 6 Transmission 23 7 Status of Power Sector Reforms 29 8 5XUDO(OHFWULÀFDWLRQ,QLWLDWLYHV 33 ,QWHJUDWHG3RZHU'HYHORSPHQW6FKHPH ,3'6 8MMZDO'LVFRP$VVXUDQFH<RMDQD 8'$< DQG1DWLRQDO 9 41 Electricty Fund (NEF) 10 National Smart Grid Mission 49 11 (QHUJ\&RQVHUYDWLRQ 51 12 Charging Infrastructure for Electric Vehicles (EVs) 61 13 3ULYDWH6HFWRU3DUWLFLSDWLRQLQ3RZHU6HFWRU 63 14 International Co-Operation 67 15 3RZHU'HYHORSPHQW$FWLYLWLHVLQ1RUWK(DVWHUQ5HJLRQ 73 16 Central Electricity Authority (CEA) 75 17 Central Electricity Regulatory Commission (CERC) 81 18 Appellate Tribunal For Electricity (APTEL) 89 PUBLIC SECTOR UNDERTAKING 19 NTPC Limited 91 20 NHPC Limited 115 21 Power Grid Corporation of India Limited (PGCIL) 123 22 Power Finance Corporation Ltd. (PFC) 131 23 5XUDO(OHFWULÀFDWLRQ&RUSRUDWLRQ/LPLWHG 5(& 143 24 North Eastern Electric Power Corporation (NEEPCO) Ltd. 155 25 Power System Operation Corporation Ltd. (POSOCO) 157 JOINT VENTURE CORPORATIONS 26 SJVN Limited 159 27 THDC India Ltd 167 STATUTORY BODIES 28 Damodar Valley Corporation (DVC) 171 29 Bhakra Beas Management Board (BBMB) 181 30 %XUHDXRI(QHUJ\(IÀFLHQF\ %(( 185 AUTONOMOUS BODIES 31 Central Power Research Institute (CPRI) 187 32 National Power Training Institute (NPTI) 193 OTHER IMPORTANT -
Report on Short-Term Power Market in India: 2018-19
Report on Short-term Power Market in India: 2018-19 Economics Division Central Electricity Regulatory Commission The contents from the report can be freely copied/used with due acknowledgement to CERC Contents S.No Particulars Page No Contents i List of Tables iii List of Figures v Preface vii Abbreviations ix Executive Summary xiii Chapter-I: Overview of Power Sector 1 Generation 1 2 Transmission 6 3 Distribution 9 Chapter-II: Short-term Power Market in India 1 Introduction 13 2 Yearly Trends in Short-term Transactions of Electricity (2008-09 To 14 2018-19) 2.1 Total Short-term Transactions of Electricity with respect to Total 15 Electricity Generation 2.1.1 Electricity Transacted through Traders and Power Exchanges 16 2.1.2 Electricity Transacted through DSM 20 2.1.3 Electricity Transacted Directly between DISCOMs 21 3 Monthly Trends in Short-term Transactions of Electricity (April 2018- 22 March 2019) 3.1 Volume of Short-term Transactions of Electricity 23 3.2 Price of Short-term Transactions of Electricity 27 3.3 Volume of Electricity Transacted in Various Price Slabs 29 4 Daily Trends in Short-term Transactions of Electricity (1st April 2018 31 to 31st March 2019) 4.1 Volume of Short-term Transactions of Electricity 31 4.2 Price of Short-term Transactions of Electricity 32 4.2.1 Price and its volatility in Power Exchanges 32 4.2.2 Price and its volatility in DSM 33 Report on Short-term Power Market in India, 2018-19 i S.No Particulars Page No 5 Time of the Day Variation in Volume and Price of Electricity 34 Transacted through Traders -
National Thermal Power Corporation Limited (Ntpc) Ministry of Power Committee on Public Undertakings (2020-21) Eighth Report Se
8 NATIONAL THERMAL POWER CORPORATION LIMITED (NTPC) MINISTRY OF POWER COMMITTEE ON PUBLIC UNDERTAKINGS (2020-21) EIGHTH REPORT SEVENTEENTH LOK SABHA LOK SABHA SECRETARIAT NEW DELHI EIGHTH REPORT COMMITTEE ON PUBLIC UNDERTAKINGS (2020-21) (SEVENTEENTH LOK SABHA) NATIONAL THERMAL POWER CORPORATION LIMITED (NTPC) MINISTRY OF POWER Presented to Lok Sabha on 24.03.2021 Laid in Rajya Sabha on 24.03.2021. LOK SABHA SECRETARIAT NEW DELHI March, 2021/Chaitra, 1942 (Saka) ii C O N T E N T S Page No. Composition of the Committee (2020-21) (vi) Introduction (vii) PART – I CHAPTER - I PROFILE OF THE COMPANY 1 1. Brief History 1 2. Pioneering Role in Power Sector 2 3. Contribution to Exchequer 2 4. Creation of Employment (Direct & Indirect) 2 5. Developing the Communities around the Plants 3 6. Objectives of NTPC 4 7. Composition of Board of Directors 4 8. Independent Directors - Need for Domain Expertise 5 9. Absence of Required Number of Independent Directors 6 10. Representation of Women in Board of Directors 8 11. MoU with Ministry of Power 9 CHAPTER-II PHYSICAL PERFORMANCE 11 1. Details of Plants of NTPC 11 2. Growth in Installed Power Generation Capacity 12 3. Capacity Addition (Installed & Commercial) 13 4. Coal-based Power Generation 14 5. Gas-based Power Generation 14 6. Renewable (solar,wind,bio-mass) Based Power Generation 15 7. Domestic Content Requirements in RE Projects 19 8. Joint Ventures with ONGC for RE Projects 20 9. Hydro-Power Generation 20 10. Comparison of NTPC with International Counterparts in Performace Metrics 22 CHAPTER –III FINANCIAL PERFORMANCE 24 1. -
Annual Report 2 0 1 2 - 1 3
Annual Report 2 0 1 2 - 1 3 Ministry of Power Government of India Shram Shakti Bhawan, Rafi Marg, New Delhi-110 001 Website : www.powermin.nic.in Shri Pranab Mukherjee, Hon’ble President of India with Shri Jyotiraditya M. Scindia, Hon’ble Union Minister of State for Power (Independent Charge) at the National Energy Conservation Day function CONTENTS Sl. No. Chapter Page No. (s) 1. Performance Highlights 5 2. Organisational Set Up and Functions of the Ministry of Power 9 3. Capacity Addition Programme in the XIIth Plan 11 4. Generation & Power Supply Position 23 5. Status of Ultra Mega Power Projects 35 6. Transmission 37 7. Status of Power Sector Reforms 41 8. Rural Electrification Programme 43 9. Re-Structured Accelerated Power Development and Reforms Programme (R-APDRP) 45 10. Energy Conservation 49 11. Renovation and Modernisation of Thermal Power Stations 53 12. Private Sector Participation in Power Sector 57 13. International Cooperation 59 14. Power Development Activities in North-Eastern Region 67 15. Central Electricity Authority 75 16. Central Electricity Regulatory Commission (CERC) 79 17. Appellate Tribunal for Electricity (APTEL) 83 Public Sector Undertakings: 18 NTPC Limited 85 19. NHPC Limited 105 20. Power Grid Corporation of India Ltd. (PGCIL) 111 21. Power Finance Corporation Ltd. (PFC) 115 22. Rural Electrification Corporation Ltd. (REC) 125 23. North Eastern Electric Power Corporation Limited (NEEPCO) 133 Joint Venture Corporations : 24. SJVN Limited (SJVNL) 135 25. THDC India Limited (THDCIL) 139 Statutory Bodies : 26. Damodar Valley Corporation (DVC) 143 27. Bhakra Beas Management Board (BBMB) 149 28. Bureau of Energy Efficiency (BEE) 155 Autonomous Bodies : 29. -
24-Feb-2021 SMIFS Research
Morning Note Market Snapshot February 24, 2021 Market Snapshot (Updated at 8AM) Key Contents Indian Indices Close Net Chng. Chng. (%) Market Outlook/Recommendation Sensex 49751.41 7.09 0.01 Today’s Highlights Nifty 14707.80 32.10 0.22 Global News, Views and Updates Global Indices Close Net Chng. Chng. (%) Links to important News highlight DOW JONES 31537.35 15.66 0.05 Top News for Today NASDAQ COM. 13465.20 67.85 0.50 FTSE 100 6625.94 13.70 0.21 Tata Consumer Products: To replace GAIL (India) on the NIfty 50 index from March 31, 2021. CAC 40 5779.84 12.40 0.22 Coal India: A meeting of Board of Directors is scheduled on March 5, 2021 to DAX 13864.81 85.23 0.61 consider and approve payment of 2nd Interim Dividend for 2020-21, if any. The NIKKEI 225 30001.56 154.67 0.51 company has fixed March 16, 2021 as the record date. SHANGHAI 3631.13 5.23 0.14 NTPC: Has executed Share Purchase Agreements with GAIL (India) for purchase HANG SENG 30760.53 63.95 0.21 of GAIL's share of 25.51% in Ratnagiri Gas and Power and sale of NTPC's share of 14.82% (on fully dilutive basis) in Konkan LNG. Currency Close Net Chng. Chng. (%) United Spirits: Has initiated a strategic review of selected brands under its popular category. The review is aimed at continuing the company’s strategy USD / INR 72.47 0.03 0.04 toward long-term profitable growth through premiumising the portfolio. -
Press Release Ratnagiri Gas and Power Private
Press Release Ratnagiri Gas and Power Private Ltd October 19, 2020 Ratings Facilities Amount (Rs. crore) Rating1 Rating Action Bank facilities – Fund-based – Long 1,461.05 Revised from CARE BB-; Stable CARE D term -Term Loan (reduced from 1562.70) (Double B minus) 1,461.05 Total (Rs. One thousand four hundred sixty one crore and five lakh only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers CARE has revised the ratings of Ratnagiri Gas and Power Private Ltd (RGPPL) to CARE D. Facilities with this rating are in default or are expected to be in default soon. The revision in the long term rating of RGPPL factors in the delay in servicing of its principal obligations by the company which were due at the end of September 2020. Key Rating Sensitivities: Positive: Timely servicing of debt obligations for more than three months. Detailed description of the key rating drivers Key Rating Weaknesses Delays in servicing of debt obligations RGPPL had not serviced the principal obligations due at the end of September 2020. The company is in discussion with its lenders for one time settlement (OTS) of its outstanding debt of Rs 1461.05 crore. As per minutes of the consortium meeting held on September 17, 2020, the company had proposed its lenders for OTS for which lead lender has given in-principle approval with cut- off date considered as September 01, 2020. Other lenders are still under process of taking requisite approvals. The company has only paid interest obligations due for the month of Sept 2020 while it has not made the principal payment due on Sept 30, 2020 as the process for OTS is underway. -
Government of India Ministry of Railways Lok Sabha Unstarred Question No. 4233 to Be Answered on 21.03.2018 Purchase of Power Fr
GOVERNMENT OF INDIA MINISTRY OF RAILWAYS LOK SABHA UNSTARRED QUESTION NO. 4233 TO BE ANSWERED ON 21.03.2018 PURCHASE OF POWER FROM DISCOMS 4233. SHRI C.S. PUTTA RAJU: Will the Minister of RAILWAYS be pleased to state: (a) whether the Government is purchasing power from various discoms across the country for its train operations and if so, the details thereof, discom-wise; (b) the details of expenses incurred on purchasing power from discoms, year-wise; (c) whether any proposal is pending with the Government to change this system of purchasing power from discoms; (d) if so, the details thereof; and (e) the time by which a final decision in this regard is likely to be taken? (f) ANSWER MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI RAJEN GOHAIN) (a) & (b) Yes, Madam. Indian Railways is purchasing power from various Distribution Companies (DISCOMs) across the country for its train operations, details of which are appended. (c) to (e) Indian Railways was granted deemed licensee status in November, 2015 after which it has started to procure power through Open Access from Generating Companies (GENCOs) through tariff based bidding/bilateral arrangements and has made applications to Contd....2/- -2- various State Transmission Utilities (STUs) for obtaining “No Objection Certificate” (NOC). Indian Railways is presently drawing about 1000 MW through Open Access, out of about 2000 MW total requirement, in the States of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Jharkhand, Haryana, Karnataka and also in Damodar Valley Corporation (DVC) and Central Transmission Utility (CTU) points in Uttar Pradesh after the NOC was granted by the States. -
Petr Oleum (Refiner Y and Marketing)
PETROLEUM (REFINERY AND MARKETING) (REFINERY Public Enterprises Survey 2015-2016 : Vol-II 97 6. Petroleum (Refinery & Marketing) (` in Crore) As on 31.03.2016, there were 8 Central Public Sector Net Profit/ Loss S. No. Enterprise Enterprises in the Petroleum (Refinery and Marketing) 2015-16 2014-15 group. The names of these enterprises along with their 1 BHARAT PETROLEUM CORPN. LTD. 7431.88 5084.51 year of incorporation in chronological order are given 2 CHENNAI PETROLEUM CORPORATION 770.68 -38.99 below: - LTD. 3 GAIL (INDIA) LTD. 2298.9 3039.17 Year of S. No. Enterprise 4 GAIL GAS LTD. 38.96 16.84 Incorporation 5 HINDUSTAN PETROLEUM CORPN. LTD. 3862.74 2733.26 1 INDIAN OIL CORPORATION LTD. 1964 6 INDIAN OIL CORPORATION LTD. 10399.03 5273.03 2 CHENNAI PETROLEUM CORPORATION LTD. 1965 7 MANGALORE REFINERY & 1148.16 -1712.23 3 BHARAT PETROLEUM CORPN. LTD. 1976 PETROCHEMICALS LTD. 4 HINDUSTAN PETROLEUM CORPN. LTD. 1952 8 NUMALIGARH REFINERY LTD. 1222.34 718.31 5 GAIL (INDIA) LTD. 1984 SUB TOTAL : 27172.69 15113.9 MANGALORE REFINERY & PETROCHEMICALS 6 1988 LTD. 6. Dividend: The details of dividend declared by the 7 NUMALIGARH REFINERY LTD. 1993 individual enterprises are given below: (` in Crore) 8 GAIL GAS LTD. 2008 Dividend S. No. Enterprise 2. The enterprises falling in this group are mainly 2015-16 2014-15 engaged in producing and selling of petroleum and 1 BHARAT PETROLEUM CORPN. LTD. 2241.56 1626.94 petroleum products such as diesel, kerosene, naphtha, 2 CHENNAI PETROLEUM CORPORATION 94.08 0 gas lubes, greases, chemical additives, lubricants, etc. -
Final Draft of CEA Anual Report 2019-20
CEA ANNUAL REPORT 2019-20 CENTRAL ELECTRICITY AUTHORITY GOVERNMENT OF INDIA MINISTRY OF POWER The AUTHORITY (As on 31.03.2020) Sh. Prakash Mhaske Chairperson & Addl. Charge of Member (Power System) Dr. Somit Dasgupta Sh. P.D. Siwal Member (E&C) Member (Thermal) (upto 31.12.2019) (upto 29.02.2020) Sh.Sandesh Kumar Sharma Sh. Dinesh Chandra Member (Planning) Member (Hydro) Addl.charge Member(E&C) Addl.Charge of Member (GO&D) ORGANIZATION CHART OF CEA (AS ON 31.03.2020) CHAIRPERSON (Prakash Mhaske) MEMBER MEMBER MEMBER MEMBER MEMBER MEMBER (THERMAL) (HYDRO) (POWER SYSTEM) (GRID OPN. & (ECONOMIC & COMM.) (PLANNING (P.D. Siwal) (Dinesh Chandra) Addl. Charge DISTN.) (Dr. Somit Dasgupta) (Sandesh Kumar Sharma) with Chairperson, CEA Addl. Charge with (प्रकाश मके) CHIEF ENGINEER PRINCIPAL CHIEF ENGINEER CHIEF ENGINEER CHIEF ENGINEER PRINCIPAL CHIEF ENGINEER (INTEGRATED (HYDRO (POWER SYSTEM (FINANCIAL CHIEF ENGINEER-I (THERMAL CHIEF ENGINEER–II SECERETARY RESOURCE ENGINEERING AND PLANNING & STUDIES & (Chander Shakhar) PROJECT (B.K. Sharma) (P.C. KUREEL) PLANNING) RENOVATION & APPRAISAL-I) ANALYSIS) MONITORING-I) MODERNIZATION) CHIEF ENGINEER CHIEF ENGINEER CHIEF ENGINEER (FUEL CHIEF ENGINEER CHIEF ENGINEER (GRID CHIEF ENGINEER (COORDINATION) MANAGEMENT) (THERMAL CHIEFI ENGINEER (POWER SYSTEM MANAGEMENT) (FINANCIAL & PROJECT APPRAISAL PROJECT (HYDRO PROJECT PLANNING & APPRAISAL) COMMERCIAL COMMITTEE MONITORING-II) APPRAISAL-II) CHIEF ENGINEER APPRAISAL) CHIEF ENGINEER CHIEF ENGINEER (POWER DATA MS (NRPC) (DISTRIBUTION (HUMAN CHIEF ENGINEER CHIEF -
Central Electricity Regulatory Commission New Delhi
CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI Petition No 89/MP/2016 Coram: Shri Gireesh B. Pradhan, Chairperson Shri A.K. Singhal, Member Shri A.S. Bakshi, Member Dr. M.K. Iyer, Member Date of Order: 2nd of November, 2017 In the matter of Petition under Section 79(1) (f) of the Electricity Act, 2003 Seeking adjudication of dispute between Petitioners, i.e., BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited with Pragati Power Corporation Limited (PPCL) regarding declaration of Availability by Pragati –III Combined Cycle Power Project. And in the matter of 1) BSES Rajdhani Power Limited BSES Bhawan, Nehru Place New Delhi-110 019 2) BSES Yamuna Power Limited Shakti Kiran Building Karkardooma New Delhi-110 092 ……Petitioners Vs 1) Pragati Power Corporation Limited Himadri Rajghat Power House Office Complex New Delhi-110 002 2) State Load Despatch Centre (SLDC) Delhi Transco Limited 33 kV sub-station Building Minto Road New Delhi-110 002 .…..Respondents Order in Petition No. 89/MP/2016 Page 1 Following Were Present Shri M.G. Ramachandran, Advocate, PPCL Shri Shubham Arya, Advocate, PPCL Shri R.K. Yadav, PPCL Shri Amarjyoti Badgaiyan, PPCL Shri Surendra Kumar, PPCL Sri Buddy A. Ranganadhan, Advocate, BRPL & BYPL Shri Vishal Anand, Advocate, BRPL, BYPL &TPDDL Shri Anupam Varma, Advocate, BRPL, BYPL &TPDDL Shri Rahul Kinra, Advocate, BRPL, BYPL &TPDDL Shri Sanjay Srivastav, BRPL Shri Nishant Grover, BYPL Shri Abhishek Srivastava, BYPL Shri Kanishk, BRPL Ms. Megha Bajpeyi, BRPL Shri Gagan Swain, BYPL ORDER The Petitioners, i.e. BSES, Rajdhani Power Limited ( "BRPL") and BSES Yamuna Power Limited ( "BYPL") are distribution licensees supplying electricity in their respective area of supply in NCT of Delhi. -
Annual Report 2019-20 Director Report
Directors' Report DIRECTORS’ REPORT Dear Shareholders, On behalf of the Board of Directors of your Company, I am delighted to present the 36th Directors’ Report of your young and vibrant Maharatna Company, along with Audited Standalone and Consolidated Financial Statements for the financial year 2019-20: Performance Review The important financial highlights on standalone basis for the year 2019-20 are as under: Particulars FY 2019-20 FY 2018-19 US $ Million (` in Crore) US $ Million (` in Crore) Gross Sales 9,431 71,730 10,722 74,808 Other income (including other operating income) 206 1,564 267 1,864 Cost of Sales (excluding Finance cost and 8,350 63,507 9,398 65,572 depreciation) Net Exceptional Items i.e. Impairment/ (13) (102) 47 326 (Reversal) of Investments Gross Margin 1,300 9,888 1,544 10,774 Finance Cost 14 109 20 139 Depreciation 241 1,836 222 1,550 Profit Before Tax (PBT) 1,044 7,943 1,302 9,085 Provision for Tax 174 1,323 438 3,059 Profit After Tax (PAT) 870 6,621 864 6,026 Appropriations Final Dividend for previous year 52 399 47 325 Interim Dividend for current year 379 2,886 202 1,409 Corporate Dividend Tax 86 657 51 356 Net transfer to (from) Bond Redemption Reserve 2 15 2 15 Transfer to General Reserve 87 662 86 603 Net surplus after Appropriations 263 2,001 476 3,318 Note: The following exchange rates are used in calculations : ØProfit Before Tax (PBT) For FY 2019-20: 1 US$ = ₹ 76.06 as on 31st March, 2020.