Roads & Highways Sector Undergoing

THE COMPLETE ENERGY SECTOR MAGAZINE FOR POLICY & DECISION MAKERS VOLUME 8 | ISSUE 10 | December 2019 | `500

Roads & Highways sector undergoing major transformation due to policy change and newer initiatives driving growth

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For Priority Business: Rajesh Singh Panwar | Country Head – Business Solu�ons Follow us: Tel: +91-120-6799160 (D) | +91-9711786999 (M) | Fax: +91-120-6799101 Email: [email protected] | www.infraline.com Follow us: Publisher’s Note here’s finally some respite from the catastrophic smog that had recently enveloped the city, plunging it into a deep abyss of suffocation and despair. However, the lingering Tuneasiness and discomfort in the atmosphere (both physical and metaphorical) makes us all wonder if there was ever a time in the city’s ‘climatic history’ where there was no pollution and the air available for breathing was clean and clear.

Thus, as the city comes out of this (phase of) disastrous atmospheric hangover, the country, Editorial at large, is entering a critical phase of connectivity across its length and breadth through Publisher & Editor-in-chief massive expansion under the Bharatmala scheme. There is, however, a bit of uncertainty Shashi Garg over a stable mode/model of operation in the Roads & Highways sector with the de-merits [email protected] Associate Editor-in-Chief of the HAM model outweighing the initial benefits availed. This, in turn, has led to stalling Srishti Juyal of projects and thereby heavy financial losses to the concessionaires. [email protected] Design Rajesh Rawat The same pattern of transformation and transition is being witnessed in other sectors. Research Head of Integrated Research Consulting The Power sector, too, is undergoing an intense metamorphosis through the adoption Additional Charge Training of latest technologies such as SCADA, ASRS etc. and a ton of developmental initiatives Krishnandan Kumar Singh Sector Lead Power furthering the expansion of the RE sector. The spurt in the incidences of abandonment of Krishnandan Kumar Singh coal power plants has created an urgent need for policy analysis and related implementation & Abhinav Sharma in the coal sector. The ongoings in the oil sector may provide some relief to market dwellers Sector Lead Oil & Gas and industry observers in its soon-to-be-ending-of-suspense over global sanctions on oil Loiponic Sector Lead Coal from Iran but the overall situation, for most part, remains dicey and uncertain. Krishnandan Kumar Singh & Abhinav Sharma Sector Lead Roads This edition of InfralinePlus covers all the sectors that we deal in – Roads & Highways, Ankit Kumar Power, Coal, Renewable Energy and Oil & Gas sector, with a special emphasis on the R&H Sector Lead RE sector. I hope that you all would be enriched through the views and opinions of industry Krishnandan Kumar Singh experts, seasoned analysts and professionals on a variety of aspects/factors affecting each & Abhinav Sharma sector, as put together by our creative team. That said, I wish you all a very Merry Christmas BUSINESS – May Santa bring for everyone plentiful of love, laughter and light. Country Head – Business Solutions Rajesh Singh Panwar Mobile: +91-9711786999 email: [email protected] Advertising National Advertising Manager Rahul Chawla SHASHI GARG Mobile: +91 9873881615, +91 120 6799126 email: [email protected] Managing Director and Editor-in-chief Circulation & Subscription Infraline Technologies (India) Private Ltd. National Circulation Manager Chetan Sharma Mobile: +91 9211187779, +91 120 6799125

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Infraline Technologies (India) Private Limited Infraline Knowledge Tower, A-31, Sector 3, Noida-201301 Infraline.com | September 2019 4 Solutions Driven | Market Intelligence Tel: +91-120-679 9125,122; +91 120 6799100 (B); Fax: +91 120 679 9101, Email: [email protected] Associate Editor-in-chief’s Note

ith winters descending upon the cityscape, the region has braced itself for the season - a season loathed by many and looked forward to by many more. I, for one, Whave always enjoyed winters – having been born in the chilly month of January, I think I happen to relate it with presents, gift cards, greetings and warm wishes. The warmth and coziness experienced within certainly contrasts the temperature outside! Besides the birthday factor, it is Christmas – the day of the birth of Christ that makes this season so very alluring to me. Santa Claus, reindeer and the slay have been a huge part of the fantastical aspirations of many, (including mine), from the time when Christ’s birth was first observed as a holiday and celebration.

However, that is not the point of focus as of now; I realize that I tend to digress (sometimes)….

So, bringing back the attention to the current issue, I would like to state the tremendous advancements we have made in the Roads & highways sector. With the first phase of the biggest The cool, cozy winters developmental scheme in the sector poised for completion in 2022, the future of ‘infrastruc- are best embodied by tural growth and improved connectivity’ across the country looks brighter than ever. However, the icy dewdrops on that is the glossier of the two aspects that have divided industry experts over the current “pine trees and future state of the sector. The other, less glamorous aspect is the ongoing decisive-policy crisis that has steered the Roads & Highways sector in an unclear direction. The inability or failure of the HAM model to sustain its initial success has sowed the seeds for another, major turnaround in the sector driven by policy change. The decline as witnessed in the quality of private participation which in turn led to delay in financial closures and stalling of projects has compelled the government to ‘return’ to the EPC mode of construction as that, predict analysts and seasoned experts can maximize concessionaire benefit. The Power sector, too, is in the midst of a major transition with new technological developments making way for numerous ” possibilities as regards the management and control of the energy/power units. Also, the country’s RE footprint, as expanding through increased participation and investment in renewable projects has made us move closer to our aim for an economy that is in balance with nature. The prospect of the ending of the suspense over the global oil market scenario (in the wake of US sanctions) has infused new hope and zeal among industry veterans.

The December issue is an extension of the thoughts expressed above, with detailed analysis of the current ongoings in each sector. I hope that the issue would help quell your curiosity, answer some of your biggest questions and provide a perspective on the present state of crisis and breakthroughs in each sector.

May you all have a very merry Christmas and happy New Year!!!

Srishti Juyal Associate Editor-in-Chief InfralinePlus

Infraline.com | December 2019 5 Featured news Highway projects worth Rs 15 lakh crore ready to be offered in next 5 years: VK Singh Union Minister V K Singh has said that the infrastructure sector could play a mega role in bolstering the economy and the government is ready with a basket of highway projects worth Rs 15 lakh crore to be offered in next five years. He said that infrastructure encompasses areas which can generate huge employment and kick off economic progress.

He noted that “the sector that is going to make a difference in ensuring that the recovery is fast and the recovery is big is the infrastructure sector - whether it is railways, whether it is road, whether it is airports or whether it is communication”.

6 Infraline.com | December 2019 Research Report

Energy Efficiency in India: Achievements and Challenges

Key Highlights Executive Summary India is traversing towards sustainable and economic development that promise a future Policy Initiatives for Sustainable Growth filled with efficient resources. While making bold commitments on numbers in signing Paris agreement, it has posed a challenge to accomplish overall development of the country, Market Transformation towards Energy unlike developed countries. In this backdrop, energy efficiency is anticipated to play a crucial Efficiency in India role in moving towards a resource efficient business economy. Recognizing the importance, India has committed to curtail emission intensity of its GDP by 33 to 35% from 2005 level Interventions & Achievements which also serves to solve key issues like Energy Access, Energy Security and Economic Development. Looking at the scenario of where we were 10 years back and where we are Fuel Efficiency Initiatives today, it is quite evident that our government has introduced significant practices/activities related to energy efficiency. This clearly led to improvement in quality and reliability of power Key Questions Answered supply. The noteworthy policies and schemes for demand-supply side to drive energy efficiency has strengthened the market. Energy Use Trends Achievements Challenges Business & Technological Trends Rs 22,500 crore saved through Unavailability of sufficient credit Energy Efficiency across sectors Star Labelling Program facilities India’s Sustainability Agenda

Energy Conservation & Building A must buy for High cost of transaction making Code Launched for energy projects unattractive to investors efficient buildings Investors

Policymakers Rs. 9500 Crore saved through Limited technical capabilities & Energy Experts PAT in large industries policy issues Power Sector Enthusiast

While energy efficiency is integral to climate change responsibility of the nation, its market For Priority Business transformation in India has a long way to go by availing finances and by establishing a Rajesh Singh Panwar platform for knowledge dissemination among stakeholders. The evolving regulatory landscape and unavailability of fuels are pushing the energy efficient market to flourish in [email protected] years to come. This report will highlight the potential of untapped market in India when it comes to energy efficiency. The evolving regulatory landscape and unavailability of fuels Mob: +91 9711786999 are pushing the energy efficient market to flourish in future. The report will also depict what can be done to enhance the participation of energy efficiency in Indian Power sector along Ph: +91 120 6799125, 160 with recommendations. The Complete Energy Sector Magazine For Policy & Decision Makers Contents December 2019

03 Publisher’s Note 05 Editor’s Note News Briefs

6 16,19 Press Release 24 Energy & Climate Highway projects worth Rs 15 lakh On November 7 2019, Wabtec & MEIL Mr. Dwipen Boruah, MD – GSES on the crore ready to be offered in next 5 years: India announced an agreement for provid- importance of accurate site assessment and VK Singh ing 143 AC drill motors to support an up- the methods for conducting the same to en- coming onshore rig replacement project f sure longevity in function of Solar PV or ONGC InFocus Perspectives

Mr. Raj Singh Niranjan Managing Partner – TILA 10 11 Mr. Raj Singh Niranjan, Managing Partner – Mr. Arpit Chandna Assistant Manager – TILA on the future of India’s electricity sector Ms. Srishti Juyal, the Associate-Editor-in-Chief Fundamental Research Energy & Base Metals which would depend on the development on Major policy shift being the driver of the Karvy Commodities on Volatile US-China of alternate energy sources and adoption of recent growth in the Roads & Highways relationship leading to shapeshifting crude newer techniques and technologies sector oil scenario

8 Infraline.com | December 2019 Cover Story Special Feature

An article by Mr. Shubham Jain – Senior Vice- President & Group Head, ICRA on the importance of the TOT model in view of carrying out developmental activities in difficult geographies via investments from 14 NHAI’s funding initiatives An interview with Mr. Shailendra Mohan, Director - GMD Consultants on policies pushing and pulling growth in Roads & Highways, the advantage that EPC has over HAM and what can be done to accelerate development in the sector Top Companies Sectors

28 About Coal 84 About RE

44 About Power 102 About Road 66 About O&G 32,53,72,90,108

Sector Statistics Sectoral Reports Recent Tenders

34,55,74,92,110 36,57,76,94,112 This helps organizations to better understand the movement of the Put together by the Research Team, industry and accordingly plan their these reports encompass monthly decisions towards expansion and highlights on the 5 sectors: Power, sustaining themselves in the present Coal, Oil&Gas, Renewable Energy competitive market. and Roads 48,70,88,104

Infraline.com | December 2019 9 Perspectives

Looking at the Roads & Highways sector through Policy shift in the Recent Years: A peek at the EPC, BOT and HAM models A spate of developmental activities driven by policy shift has taken growth to a whole new level in the Roads & Highways sector, writes Ms. Srishti Juyal, Associate-Editor-in-Chief

he Roads and Highways sector of the country has undergone a the HAM model would go onto ensure that the risk was shouldered by phenomenal growth in the recent years. The country has espe- both the private player and the government, with maximum benefit to Tcially gained (enormously) from the construction work as initi- the former. This led to an increased participation of the private sector ated and completed by the current regime. (atleast initially) through auctions & bidding, awarding of projects and construction work. This rate of development has been facilitated by policy re-orientation, re-defining of goals and sound planning. Programs such as the Bharat- As per the framework of the HAM, about 40% of the project cost has mala Yojana which aims at connecting the entire length and breadth to be borne by the government who pays the concessionaire/developer of the country with a long network of Roads, Highways, Feeder routes, annually for the 1st five years, while the remaining 60% has to be Expressways etc. has taken infrastructural development to a whole taken care of by the developer, which is variable and depends on the new level. A total of 34,800 km of National Highway (which includes value of the asset created. 10,000 km of residual NHDP stretches) length is poised for construction in the 1st phase of the scheme, out of which a large portion has Thus, with private participation going up, the sector witnessed an in- already been constructed and the remaining length is targeted for crease in the number of developmental activities. This, however, did completion by 2022. not last long. After the initial rise witnessed in the sector (by virtue of increased private participation), many issues began to cloud the strat- Besides governmental schemes, an array of policy changes have also egy, leading to an equally meteoric fall in sector growth. The biggest enabled private participation in the sector. Perhaps the greatest policy enablers of this detriment in sector growth was decline in the ‘quality shift has been in the adoption of the Hybrid Annuity model over the of private party involvement’ or ‘quality of the private participation’, existing EPC (engineering, procurement and construction) and BOT which further led to lapses in financial closure of some projects and (build, operate, transfer) models. The reason for this change in policy termination of many others. was attributed to certain shortcomings in the 2 individual models. The EPC and the BOT models had not been successful in encouraging ex- Now, the government seeks to bring back the EPC model in Roads & tensive private participation and help the sector scale new heights. Highways construction, as according to facts & figures and analysis of Thus, in order to help the sector evolve at a faster pace, a combination data, it has been the most reliable and profitable mode of construction of the two models was thought upon - a finer, newer version which in the sector. would incorporate the best of both. The Hybrid Annuity Model or HAM, Thus, with the mode of operation in the Roads and Highways sec- as it is commonly known as, therefore originated by combining the EPC tor returning to the previous model, the sector has braced itself for and the BOT (annuity) model. As opposed to EPC and BOT in which another major turnaround that would hopefully bring about growth either the private party or the government had been at a disadvantage, and development.

10 Infraline.com | December 2019 Perspectives Volatile US-China relationship leading to shapeshifting crude oil scenario

The following piece by Mr. Arpit Chandna, Assistant Manager – Fundamental Research Energy & Base Metals, Karvy Commodities elucidates upon the changing global crude oil market scenario in the wake of the US-China trade tensions which has, besides several ups and downs, witnessed the breaking off the ties of longtime trading partners, US & Saudi Arabia who, in an attempt to boost domestic crude oil production and gain one-upmanship over each other have re-directed their supplies to alternate markets which, in turn, is helping them gain influence and swing the market prices to their benefit.

Infraline.com | December 2019 11

lobal commodities market has been under immense pres- Chinese Crude Oil Trade flow sure since US sanctions on China went effective. The financial Gmarket along with energy sector around the globe is under foreseeable threat with various agencies dismissing future ‘demand and growth prospects’ in view of slumping (monthly) economic figures released by various countries. The amount of energy consumed in any economy is reflective of its economic situation, consequently making energy or crude oil the key commodity to watch out for in the international scenario. Talking about the international scenario, the drone and missile attacks on Saudi facilities under the ongoing US-China trade war saw crude oil prices rising in September. This was particularly pro- nounced in the 2nd half of the month. The prices, however, did come down later, thereby indicating further decline in demand that would go onto make the third quarter the worst with respect to price performance in 2019. While the ICE Brent crude oil averaged at $59.52/bbl in October as compared to $62.29/bbl just a month ago, the US WTI at NYMEX averaged at $54.09/bbl during the same period. As per Reuter’s Refinitiv Oil Research assessments, China’s crude imports are expected to remain around 10.5 million bpd throughout November as a result of demand in winter. Out of the country’s total imports, Saudi Arabia and Russia contribute the highest volumes of supply followed by Iraq and Angola. Chinese crude oil import from Saudi Arabia is currently expected to total at 1.69 million bpd, compared to an all-time high of 2 million bpd in October because of the kingdom’s prioritization of supplies after disruption from attacks. The crude oil flows to China from the second largest supplier-Russia are

estimated to be around 1.58 million bpd including seaborne Urals and ESPO blends coming via pipelines.

While predictions and estimations are being made with respect to Chi- nese crude oil imports, the country decided to stop import of crude from the US during October after VLCC freight from US to Asia soared to $11/bbl in mid-October, from around $2.5/bbl in early September Trade War amid US’s blacklisting of two Cosco subsidiaries for dealing with Irani- The US- China trade war is a clear indication of the US trying to claim an oil on Sep 25. China has, however, resumed import operations with its stronghold and superiority in the global trade network. China’s suc- US since VLCC US-Asia freight dropped back under $5/bbl, towards cessful collaboration with multiple countries in ‘One Belt & One Road the end of October with Phase 1 deal also helping cool off some of the initiative’ has made the US anxious over China’s growing influence trade tensions between the two nations. in strategic trade gateways. The trade conflict has attracted a slew of comments both ‘for and against’ US & China with majority siding with US Crude Oil Trade flow the latter - the reason being 10% tariff imposition by U.S on an addi- The changing dynamics in the energy sector also saw US and Saudi tional $300 billion worth of Chinese imports effective from September Arabia parting ways after having been strategic trading partners for a 1. Meanwhile, a new phase 1 trade deal is now on the table for discus- long time. US which had, until very recently, been the major buyer of sion, but its completion could extend till next year as China seems to be hard pressed on more tariff rollbacks and U.S is (being) adamant about its heightened demands. The recent trade conflict has thus become an object of much spectacle and debate within the energy sector as it involves two oil trading giants with the U.S as a major supplier and China as the largest crude oil importer.

The trade conflict has attracted a slew of comments both ‘for and against’ US & China with majority siding with the latter - the reason being 10% tariff imposition by U.S on an additional $300 billion worth of Chinese imports effective from September 1.

12 Infraline.com | December 2019 Saudi oil decided to lower its dependency on oil from outside, in the wake of booming shale oil production at home. Saudi Arabia, on the other hand, is now exporting most of the produced crude oil volumes to China, thus surpassing Iranian oil sales which are under sanctions by U.S administration. According to U.S Energy information Adminis- tration data, US imports from Saudi Arabia fell by 44% during August within two years and by 58% on an yearly basis.

The decline in crude oil export to U.S under changing trade patterns has had fewer repercussions on the same with Saudi Aramco (state- owned oil company of Saudi Arabia) owned, Motiva refinery in Port Arthur being the last point of Saudi export to the U.S. Now, with crude oil exports from the kingdom going down, the refinery has been able to fill in the gap created by the absence of (domestic) US crude supplies. Therefore, Saudi is sending those export volumes to strengthen its relationship with China and expand its market share.

Chinese crude oil import from Saudi Arabia is currently expected to total at 1.69 million bpd, compared to an all-time high of 2 million bpd in October because of the kingdom’s prioritization of supplies after disruption from attacks.

China has been able to manage crude oil imports via Iran by offloading some of the portion received into bonded storage tanks. China is evad- ing US sanctions as the oil in bonded storage is yet to be cleared from custom duties suggesting zero import of Iranian oil atleast on an official basis. China’s moves are being closely watched by market dwellers and major think tanks as it could further deteriorate ties with the US, which are already on the brink of collapse. Also, if China starts buying stored Iranian oil and sells that to its domestic buyers, an excessive availability of oil could make the global crude prices spiral downward. If the trade war gets worse going forward, China could openly start buying Iranian crude oil, thus ignoring US sanctions as lower oil prices would create a near-win situation for its economy. Iran & Saudi Arabia would also benefit from it. Hence, while it’s easy for China to win the trade war, the U.S. seems to be in hot soup looking for ways to tame the dragon.

Infraline.com | December 2019 13 Cover Story ROADS & HIGHWAYS In an interview with Ms. Srishti Juyal, the Associate-Editor-in-Chief, Mr. Shailendra Mohan – Director, GMD Consultants, presents his views on governmental policies and initiatives helping the sector as well as those which have negatively impacted growth (in the sector) and the need for a well-defined roadmap that would not only encourage private participation resulting in rapid development but also ensure expansion of associated areas, ultimately leading to success on both an economic and social level.

Q. What are your thoughts on the new Q. How do you think has the HAM allocations for Roads & Highways projects? model fared so far and if EPC is a better India is one of the fastest growing economies today option than the former? with a good rate of development amongst many sectors. After its initial success, HAM soon turned into a failure. However, we still have a long road to traverse before As of now, most of the projects under HAM are second we could emerge as a global superpower. A lot of other grade revenue potential stretches which do not have areas and regions require a major push in order for the capacity to further pull in private participation. After The Government’s them to flourish and help the country reach the zenith being tried and tested at the central level, several states designing of of socio-economic success. The Government’s designing tried to adopt the HAM model but only few of them a roadmap, of a roadmap, implementation of newer, progressive could succeed. EPC is definitely a better option from the implementation of policies and fast-tracking of allocations is reflective of standpoint of profit to the private parties, but it requires newer, progressive its intent to boost development amongst all quarters a reliable funding plan from the government. The policies and of the socio-economic spectrum. As regards the Roads Govt.’s inability to pay is also a major reason for loss fast-tracking of to EPC projects. If this trend continues then it would & highways sector (specifically), the Govt. is making allocations is negatively impact private interest in the EPC model as sincere efforts in improving connectivity to and within reflective of its well. Therefore, the government should take active steps the North East under its special schemes. There is also intent to boost to reverse this trend and boost participation as EPC, by a great thrust upon developing green field expressways development all means, is a far better option for sector growth. and highways which would help our economy prosper. amongst all quarters

A large part of the allocations is directed towards (road) of the socio- connectivity in rural areas. We can thus conclude that economic spectrum. . In the light of GMD’s current and the Govt. is rational in its approach to balance both Q upcoming projects, what are your views social and economic development as the two are on the lesser funds available for Roads & closely related. I am of the view that the future pattern Highways’ construction. of allocations would remain the same with an increase Shortage of funds for Roads & Highway Construction in thrust on major transportation boosters.

14 Infraline.com | December 2019 is affecting the overall production cycle and growth. linked to socio-economic development. The failure of Projects are stuck midway due to lack of dedicated one leads to the failure of another. There are many funds for them. It would be great if the govt. allocates examples where highway projects did not succeed as funds for completion of awarded projects. As per expected from associated developmental activities such the current norm, the govt. plans the funds, (even as setting up of townships, SEZ and other industries. for awarded projects) on an yearly basis which has A more integrated One such example is the Yamuna Expressway project. a negative impact on the project if priorities change. approach is A more integrated approach is therefore required for And, in such cases all partners in that project - be it therefore required planning highway projects, especially the bigger ones contractor, supplier or consultant are prone to loss in which the development of all associated sectors, for planning due to their investment in the project. This adversely be it - railways, urban, irrigation or industrial must highway projects, impacts the availability of potential contractors and be completed within the stipulated time. Currently, especially the bigger other resources for future governmental projects. Thus, planning of highways is a solo process. ones in which the in my opinion, the Govt. should only award projects for development of all which the funding is secured. associated sectors, be it - railways, Q. Last but not the least, what were urban, irrigation or the biggest impediments and drivers for . What are the policies that can Q industrial must be growth in your journey to emerging as one be adopted and/or modified to speed up completed within of the top companies in the sector? growth in the sector? the stipulated time. The ever-increasing demand of quality in infrastructural Nothing is more empowering than success - A successful development in both government and private sectors project in any field generates tremendous confidence is the biggest driver for growth in mid-size quality and catalyzes growth in the sector. Same is true for output-based companies like ours. At the same time, a failed project - A failed project generates negative the not-so-supportive and rapidly changing policies sentiments in the Industry which is hard to combat. of government have been the biggest constraints in The ultimate success of a highway project is directly growth of the sector.

Infraline.com | December 2019 15 TILA International Press Release

Banasthali Vidyapith & Dr. Gopal Energy Foundation (DGEF) jointly organized 2nd TILA International Moot Court Competition on Energy & International Laws, 2019 with Trans India Law Associates (TILA) as the knowledge-partner of the event. The event was organised on 12th & 13th Oct 2019 at Banasthali Vidyapith, Rajasthan. Dr. D. Radhakrishna, Chairman – Tripura Electricity Regulatory Commission, Justice W. Priyasath Gerard Dep - Former Chief Justice of Srilanka & Visiting Judge of Fiji, Mr. Sudhir Kumar Aggarw- al – Executive Director, Patanjali Renewable En- ergy Pvt. Ltd & Ms. Wan Xiaofang – Managing Partner, Melink Law Firm, Shanghai, Mr. Abdul- hakim Habib Mansoor Bin Herz, Chairman/CEO, Abdulhakim Binherz Advocates & Legal Consultants graced the event as the esteemed Guests of Honour. The proceedings (for future participation) were observed by a five-member delegation from Africa headed by Mr. Ezeugo Nnamdi. Various teams from renowned law colleges such as Damodaram Sanjivayya National Law University, Vishakhapatnam; Chanakya National Law University; University of Petroleum and Energy Studies (UPES); Green Uni- versity Bangladesh; Mewar University, Chittorgarh, Rajasthan; Patna Law College/Patna University, Patna School of Law; University of Kashmir; MERI Professional & Legal Institute Rohtak, Haryana; St. Soldier Law College Jalandhar Punjab; Ravindra Nath Tagore College, Chittorgarh Rajasthan and RN.Patel Ipcowala School of Law and Justice, Gu- jarat competed for the trophies and prizes. An esteemed panel of 5 people from India and abroad adjudged Damodaram Sanjivayya National Law University, Vishakhapatnam as the winner of the competition. The passion, legal know-how and hard work of the winners as well as other participants was praiseworthy. The event also involved the passing of the Banasthali resolution that called for the inclusion of “Right to Energy” as a fundamental right in all the constitutions of the World & as a Human Right in the Universal Declaration of Human Rights. Shri Raj Singh Niranjan, Energy Law Expert, Founder-TILA & Legal Advisor at International Solar Alliance (ISA) gave an impassioned speech which emphasized on the recognition of “Right to Energy as a Fundamental Right”. The commitment to the cause of Right to Energy as apparent in his speech was awe-inspiring for everyone, especially the young participants. The felicitation of the Hon’ble Chief Guest (with a bouquet) and ceremonial lighting of the lamp lent a lovely serenity to the wonderful gathering. Prof. Siddharth Shastri, President of Banasthali Vidyapith who expressed immense joy at the coming together of the esteemed gathering showered his blessings on everyone. Dr. D. Radhakrishna and Justice W. Priyasath Gerard Dep’s address was equally humbling and inspiring. Justice W. Priyasath Gerard Dep expressed his awe at the soothing aura and proficient candour of those at Banasthali Vidyapith. The Hon’ble guest appreciated the efforts of the organizers and were impressed by the noble idea of “Right to Ener- gy” vocalised by everyone at the event. The Vote of Thanks as presented by Dr. Harsh Purohit - Dean, Faculty of Law, Banasthali Vidyapith brought the event to a wonderful end. TIMCCE-11 CHAMPIONSHIP/WINNERS S.No. Champlon TIMCCE Prize, Certificates and Awards

1. 1st Prize @ TIMCCE • TIMCCE-II Championship Trophy (Ist Position) IIDSNLU, Visakhapatnam, • Cash Prize of USD 1000 Andhra Pradesh. • Certificate- st1 Prize Ms. Rashika Khanna, • Certificate- Participation Ms. Bhavya Chaudhary, • 100% scholarship for a ll tea m members for Electricity Laws Online Ms. Divya Chowdary Certificate Course awarded by Dr. Gopal Energy Foundation. Vattikuti, • SCC Subscription (One Year)

2. 2nd Prize @ TIMCCE II • TIMCCE 2 Championship Trophy (IInd Position) St. Soldier Law College, • Cash Prize of USD 250 Jalandhar, Punjab. • Certificate- nd2 Prize Ms. Manvi Badyal, Ms. Chetna Kumra, • Certificate- Participa tion Ms. Jasmeet Kaur, • SCC Subscription (Six Months).

• Free Paper Publication in annual publication of DGEF named ‘Energy for All’ having ISBN No. 978-93-5265-482-6

3. 3rd Prize @ TIMCCE II • TIMCCE 2 Championship Trophy (IIIrd Position) University of Petroleum • Cash Prize of USD 175 and Energy • Certificate- rd3 Prize Studies (UPES) • Certificate- Participation Ms. Shilpa Thapli, • SCC Subscription (Six Months) Ms. Rhythm Jain, • Complimentary invitation as distinguished guest to join 4th TILA International Ms. Vanshika Tainwala, Conference on Energy (TICE 4)

4. Best Lady Mooter @ TIMCCE II • TIMCCE 2 Championship Trophy (Best Lady Mooter) Ms. Trisandhya from • Cash Prize of USD 100 • Certificate- Best Lady Mooter Patna Law College/Patna University, Patna • Certificate- Participation • SCC Subscription (two Months) • Will be provided one month intensive Internsh!£ at TILA Head Office, New Delhi

5. Best Lady Researcher @ • TIMCCE 2 Championship Trophy (Best Lady Researcher) TIMCCE II • Cash Prize of USD 100 • Certificate- Best Lady Researcher Ms. Mehras Mir from • Certificate- Participation School of Law, University of Kashmir • SCC Subscription (two Months) • Will be provided one month intensive Internship at TILA Head Office, New

Best Memorial @ 6. • TIMCCE 2 Championship Trophy (Best Memorial) TIMCCE II • Certificate- Best Memorial Chanakya National Law • Certificate- Participation University, Patna. • SCC Subscription (two Months)

Faculty Advisor • Certificate of distinguished Faculty Advisor for top three teams. 7. Ms. Rinka Rani, Asst Prof. St. • Complimentary invitation to become Soldier Law College, Associate member of International Energy Arbitration Centre (IEAC) . Jalandhar, Punjab. Prof. A njelika Hasan • SCC Subscription (two Months) from Green University, Bangladesh

2”d TILA International Moot Court Competition on Energy & Inte rnational Laws (TIMCCE-11) Special Feature

The Significance of the Toll-Operate-Transfer Model in the light of Recent Bids and Investor Response

In the following article, Mr. Shubham Jain - Senior Vice-President & Group Head, ICRA throws light on the significance of the TOT model in view of NHAI’s funding requirement through bids and investor response for carrying out developmental activities across different and diverse geographies in the Roads & Highways sector.

he Roads and Highways sector of the country has undergone a phenomenal growth in the recent years. The country has espe- Tcially gained (enormously) from the construction work as initiated and completed by the current regime.

This rate of development has been facilitated by policy re-orientation, re-defining of goals and sound planning. Programs such as the Bharat- mala Yojana which aims at connecting the entire length and breadth of the country with a long network of Roads, Highways, Feeder routes, Expressways etc. has taken infrastructural development to a whole new level. A total of 34,800 km of National Highway (which includes 10,000 km of residual NHDP stretches) length is poised for construction in the 1st phase of the scheme, out of which a large portion has already been constructed and the remaining length is targeted for completion by 2022.

Besides governmental schemes, an array of policy changes have also enabled private participation in the sector. Perhaps the greatest policy shift has been in the adoption of the Hybrid Annuity model over the existing EPC (engineering, procurement and construction) and BOT (build, operate, transfer) models. The reason for this change in policy was attributed to certain shortcomings in the 2 individual models. The EPC and the BOT models had not been successful in encouraging extensive private participation and help the sector scale new heights. Thus, in order to help the sector evolve at a faster pace, a combination of the two models was thought upon - a finer, newer version which would incorporate the best of both. The Hybrid Annuity Model or HAM, as it is commonly known as, therefore originated by combining the EPC and the BOT (annuity) model. As opposed to EPC and BOT in which either the private party or the government had been at a disadvantage, increased private participation), many issues began to cloud the strat- the HAM model would go onto ensure that the risk was shouldered by egy, leading to an equally meteoric fall in sector growth. The biggest both the private player and the government, with maximum benefit to enablers of this detriment in sector growth was decline in the ‘quality the former. This led to an increased participation of the private sector of private party involvement’ or ‘quality of the private participation’, (atleast initially) through auctions & bidding, awarding of projects and which further led to lapses in financial closure of some projects and construction work. termination of many others.

Now, the government seeks to bring back the EPC model in Roads & As per the framework of the HAM, about 40% of the project cost has Highways construction, as according to facts & figures and analysis of to be borne by the government who pays the concessionaire/developer data, it has been the most reliable and profitable mode of construction annually for the 1st five years, while the remaining 60% has to be in the sector. taken care of by the developer, which is variable and depends on the value of the asset created. Thus, with the mode of operation in the Roads and Highways sector returning to the previous model, the sector has braced itself for another major turnaround that would hopefully bring about growth Thus, with private participation going up, the sector witnessed an in- and development. crease in the number of developmental activities. This, however, did The views of the author in the article are personal. For suggestions, email at: not last long. After the initial rise witnessed in the sector (by virtue of [email protected] 18 Infraline.com | December 2019 On November 7 2019, Wabtec Press Release

On November 7 2019, Wabtec, a leading global service provider in freight and transit rail, and Megha Engineering & Infra- structure Limited (MEIL), an Engineering and Infrastructure giant headquartered in Hyderabad, India announced an agreement for (providing) 143 AC drill motors to support an upcoming onshore rig replacement project for India’s state-owned petroleum explorer, Oil and Natural Gas Corporation (ONGC). The deal is targeted at support- ing ONGC in its efforts to replace their old fleet with a brand-new stock of onshore drilling rigs. “We’re proud to partner with Wabtec to increase India’s exploration and production of domestic crude oil,” said P V Krishna Reddy, Managing Director of MEIL. MEIL is leading the project with an aim to replacing nearly half of ONGC’s 67 aging onshore drilling rigs. The upgrade is a critical infrastructure initiative to increase crude oil production as part of ONCG’s growth strategy outlined in Perspective Plan 2030. The new drill motors will facilitate the onshore rigs being made by Drillmec with the drilling power necessary to raise production levels. Drillmec is an international leader in design, manufacturing and distribution of drilling and workover rigs for onshore and offshore applications as well as a wide range of drilling equipment. “The emerging partnership with MEIL represents our commitment to support the continued evolution of the Indian market through innovative solutions,” said Tammy Gromacki, Wabtec’s general manager of Marine, Stationary, and Drill. GE Transportation, now a Wabtec company, is spearheading the application of AC technology to oilfield equipment. It has to its credit the installation of over 4,000 AC units on more than 1000 rigs worldwide. The Company’s AC motors have proven to be robust even in the harshest of conditions and are compliant to a broad range of industry certifications: ATEX, IECEx, and CSA, increasing operations across more rigs, geographies and regulated territories. InFocus FUTURE OF ELECTRICITY INDUSTRY

In the following piece, Mr. Raj Singh Niranjan, Managing Partner – Trans India Law Associates (TILA) provides an insight into the future of the country’s electricity sector that would depend on development and promotion of alternate sources of energy and adoption of latest technologies, consequently helping us move closer to our aim for an energy-secure nation.

20 Infraline.com | December 2019 n 1983, when India’s total software exports were only $12 million, no one could’ve imagined that they would multiply by 500 times in I17 years and that the country would go on to be recognized as a major IT Power around the world. The story of India’s rise as an IT giant mirrors the story of its electricity sector.

Energy is the main driver of economic growth across the globe. It pow- ers a nation’s industries, vehicles, homes and offices. In order that the future growth is both rapid and sustainable, the energy source needs to be as resource efficient as possible. It has been predicted that the total demand for power will further increase by 3.5 times in the next two decades. This means that we would have to make sure that the installed generation capacity is tripled by the year 2020.

Renewable energy Growth in renewable energy through development of related sources will offer enormous economic, social and environmental benefits. In- dia has already established itself as one of the leaders in wind power. Interestingly, most of the (almost 95%) investment in the wind sector is from the private sector. Renewable technologies such as solar power, biomass, small hydro, and biofuels have been estimated to play a greater role. The increasing emphasis on alternative sources of energy has the potential to reduce India’s dependence on imported fuels and also help in improving environmental management. To tap into these resources, a conducive national policy and programme is the need of the hour which would further encourage (strong) participation of the private sector. BHEL, for instance, has manufactured zero emission electric vehicle shuttle service which can probably act as a basis for future development.

Alternate Thinking With growing literacy and awareness, there is a surge in new possibilities and ways for management of the power system. Fortunately, many states have started contemplating upon the implementation of demand side measures with Madhya Pradesh being the first to start work on it. Demand side Participation can benefit all stakeholders. The as of now. Nevertheless, this is a system which will be implemented Time of Day tariff which many regulatory commissions have accepted in future. in principle can be taken as a preliminary step towards incentivizing 3. Thermo Vision Cameras - These can film the grids and all other of peak period use of electricity for better management of the system. installations to detect even the smallest of issues. The infrared image from the camera/(s) highlights the areas that are relatively hot. The rise Some industries, even at this preliminary stage, are contemplating the in temperature can be as a result of loose contacts and may lead to creation of a Value Chain- from Mining of Fuel to the end supply of breakdowns. Electricity POOL System. 4. IT Based Solutions for Power Sector - Broad areas of development can be- Immediate technological Changes a. Enterprise Asset Management Human interference will also undergo a massive reduction with greater b. Control Systems and knowledge-based decision systems for power technological application and innovation. Some of the new technolo- plants and plant equipment gies, at different stages of implementation and testing within the coun- c. Consumer Billing try are as under - d. Plant Maintenance Management Tool e. ERP solutions for Power Plants 1. Pre-Paid Meters – Human interference can be avoided in metering, billing and collection 5. Automated Storage and Retrieval System (ASRS)- One of Availability based tariffs. Recently, The West Bengal Renewable Energy the major benefits of the system is efficient use of vertical space. The Development Agency (WBREDA) has developed a pre-paid card for design flexibility can also help in accommodating a wide range of loads electricity bills. and configurations. Inventory management and control can also be- 2. Automated Meter Reading- This will eliminate the possibility of come easier. human error in power billing. This system would help let go off the practice of billing of power on the basis of estimated reading when 6. E-Bill- DHBVN (Dakshin Haryana Bijli Vitran Nigam) has already in- consumer houses are locked. However, the Distribution Licensee may troduced the ‘system’ in few places. Any domestic and/or non-domestic find the system prohibitive because of which it has not been adopted consumer could get information on his/her mobile through an SMS.

Infraline.com | December 2019 21 InFocus

7. SCADA-Supervisory Control and Data Acquisition - This will help provide better and reliable supply to all consumers. Reliance En- ergy has already implemented this project in suburban Mumbai at 11 It has been predicted that the total demand for power KV level. SCADA leads to increased system reliability, reduced interrup- tions in supply and enabled re-deployment of manpower. will further increase by 3.5 times in the next two decades. This means that we would have to make sure 8. ECS Electronic Clearing System – Modern tools for efficient that the installed generation capacity is tripled by the management of the distribution system will (in all probability) witness year 2020. an increase in use by various utilities. This could lead to better consumer service.

Re-Segmenting of power business Grid Security and Reliability There can be a re-segmenting of business into (the following) separate WRLDC launched FGMO (Free Governor Mode Operation) on May 19, areas in the future – 2003. Under FGMO, the grid security level rises. It can contain rapid • retail supply variation in frequency. Under this system, all generators would be able • network operations to track power demand variations by regulating their output to change • back office and in frequency. Slow variations in frequency would be taken care of by • energy audit and commercial signals, while fast variations will be taken care of by the • other similar areas FGMO. This can spawn a host of other businesses. The states of Andhra Pradesh and Karnataka have already outsourced their collection and Alternative use of electricity system other services. Internet access through electrical lines would probably revolutionize worldwide access to the internet. An American company, Power line Technology Development in Power Cables communications Technologies has already studied this option and it Cables can be classified according to the voltage has been found out to be cheaper than Digital Subscriber lines (DSL). 1. Low Tension (LT) Internet access is facilitated via any electrical outlet. A modem in the 2. High Tension (HT) distribution hub for electricity or sub-station, converts digital signals 3. Super Tension (ST) into analog. 4. Extra High Tension (EHT) 5. Extra Super Voltage These signals pass along the unused higher frequency spectrum in power lines. The line connects to the internet backbone. That connec- For higher range of cables, there has been a switch from copper to tion is made either through a line leased from the local phone carrier or aluminum for the manufacture of conductors so that vast aluminum through the fiber links owned by the utility. The subject of ‘broadband resources available in India are effectively used. Another significant through the power lines proving to be as fast as the DSL’, is debatable. development has been the introduction of cross-linked polyethylene The fastest speed of power line communication surpasses that on DSL (XLPE) insulated cables that have been used earlier, resulting in lon- and the cable by a huge margin, but interference and competing traffic ger life and better electrical properties. Cables ranging between 66KV on electrical wires can negatively impact such communications. That to 132 KV are now indigenously produced and Indian manufacturers said, a power line communication link is still considerably faster than have also recently developed 230 KV power cables with XLPE insula- dial up modem and can compete effectively on price. tion. Fire Retardant Low Smoke density (FRLS) PVC sheathed cable has also been produced. Conclusion Can we have quality power in the future at an affordable price? T & D Losses The Electricity Act, 2003 provides some hope in this direction. Energy Efficient electricity markets mostly have very low recorded T&D losses. Security is also an issue which is being taken by the Government seri- For example, T and D losses of United States is 8% and that of Japan ously. The Oil Major of India has invested in Sakhalin basin and Su- is 7%. Reduction in T&D losses to aforementioned levels will probably dan for reliable supply of energy. Recently, Koria (Daiwoo) and India be seen (very soon) in India. By improving the internal efficiency in (ONGC) entered a joint off-shore exploration of a well in the gas block the T&D sector, the AP Transco recorded a reduction in T and D losses A-1(Burma), off the Rakhini bordering Bangladesh and India. All these by 10.8% within 4 years (1999 to 2003). The widely studied Delhi steps, it seems, are poised to help us move faster in the direction of privatization model also emphasizes that the distribution licensee shall energy security. ensure reduction in T&D losses by 17% within the transition period of Till the time exotic forms of distributed generation such as fuel cells five years. The losses arising from long distance transmission will also and micro-turbines become cost effective, we need to cope with the go down through the application of the new technology. The Main- large utilities. However, in the shorter run, the power sector may wit- tenance of Transmission lines of Power Grid Corporation has already ness the introduction and use of Geographical Information System been taken up by Pawan Hans Helicopters. (GIS), LT (low tension clean up) and SCADA.

22 Infraline.com | December 2019 Conferences & Meets The Associate Editor in Chief describes her experience at the GE Meet which commemorated 20 years of the company’s engineering excellence.

5th of October 2019 marked GE’s completion of 20 years of These are the people who see the big picture and work at making it a excellence in engineering and related endeavors. I, as the Editor success through meticulous modifying and removing of unfavourable 1of our monthly publication, InfralinePlus got the opportunity to factors/aspects at the micro level, leading to improved functionality meet the men calling the shots at GE Power – Mr. Alok Nanda and Mr. of the product. Maria Antony and the heads and members of the various engineering units at the John F Welch Centre – the place which bore the tale of the Our next stop was the Aero thermal and Nerve center where analysts entire journey of the emergence of the company’s engineering unit as monitor and study the data from different products (installed and one of the best in the country and around the world. running) at different centres across the globe. While in the lab, we came to know that the biggest oil rig in the US currently was not only A lovely introduction session and ‘ceremonial’ handing out of the engineered by GE Power but also regulated and monitored by analysts business cards kicked off the incredible knowledge-tour that was to at the John F Welch Centre. follow in a while. Post lunch, we were shown the Coatings lab and then the Digital After a fun ‘orientation’ and interaction (session) with Mr. Alok and Mr. Customer Experience Centre, both of which were again an embodiment Antony, we were led to a lab where we had the opportunity of seeing of the genius and hard work of the engineers. the one of the biggest gas turbines in the country. I was astounded to know about the amount of work and engineering that went into It was close to 3:30 in the afternoon when we came to the end of the keeping the gas turbine running smoothly. After a rather intellectually knowledge-tour. stimulating session of ‘explaining and describing’ of the working of the ginormous engineering marvel, we were led to another lab where PS: We were shown around the splendid GE campus in a golf cart – my we met people involved in R&D of ensuring reliable, efficient, flexible very first ride in a caddie, which was wonderful. Besides being home and viable solutions for both the company and its clients. We were to many state-of-the-art labs and facilities, the campus houses several shown how a prototype (of the actual product/equipment) is prepared employees with plenty of trees, greenery and cafeterias at every nook and continually analyzed and modified to ensure the best results. and corner of the vast area.

Infraline.com | December 2019 23 Energy & Climate

Conducting accurate site assessments vital to the success of rooftop solar PV projects In the following article, Mr. Dwipen Boruah, MD – GSES discusses the significance of accurate site assessment and the methods for conducting the same to ensure the long-term functionality and reliability of Rooftop Solar PV project, which, in turn, would make it commercially successful.

he return on investment in a solar rooftop PV Methods for conducting rooftop project is reflective of the operational and lifetime site assessment Tperformance of the system. The more reliable the It is important that appropriate tools and equipment be operation and lifetime performance of the system, the used for rooftop site assessment. Wrong tools or ‘not better are the chances of a good return on investment, The more reliable using the right tool in a right manner’ may result in thereby indicating success of the project. Reliability the operation wrong measurement of parameters which can lead to and performance of a solar PV system is dependent on and lifetime a faulty design and installation. Design and installation various factors such as: site specific planning, selection are generally irreversible but can be changed at an of equipment and designing a system based on site performance of the additional cost. Thus, in order to prevent the same, it parameters, quality of equipment and components, system, the better is important that the ‘type of tools’ and the correct proper installation and appropriate operation and are the chances of method of use must be looked into. maintenance. Inaccurate or inadequate site assessment a good return on which is the most probable reason for wrong design investment, thereby Below are the tools and means required for and installation and poor maintenance of a PV system, indicating success of rooftop PV site assessment: leads to poor performance and unreliable system the project. • Printed copy of site survey format (questionnaire) functioning. Several parameters are likely to be variable • A solar pathfinder or sun eye to identify / determine from one site to another, even in the same geographical shadow free area area, and therefore it is crucial to plan a solar PV project • A compass in a manner that suits the site parameters. Selection • A measuring tape/ digital distance meter of the right components and customizing the design is • A camera also essential to ensuring good performance and safety. • An angle measuring equipment

24 Infraline.com | December 2019 • Personal protective equipment such as (as applicable shadow-free areas. Once the field segments have been to site condition) created, a solar PV module should be selected from the • A notebook available database in the software. Subsequent to the • A working partner (Never survey a site alone) selection of the PV module, parameters of the solar PV array such as tilt, orientation, inter-row spacing, frame spacing, module spacing and setback should Steps to follow during onsite assessment: be considered for finalising the number of PV modules • Assess occupational health and safety requirements that can be accommodated in the field segments, thus before getting onto the site resulting in correct estimation of the PV array capacity. • Determine PV array location and suitable area conducting shadow analysis (Shadow analysis can be Desktop study is an efficient method of conducting done by analysing sun position, using solar pathfinder preliminary rooftop PV capacity assessment, especially and using simulation software) when the aggregate PV capacity of a large number of • Prepare PV arrays’ layout considering tilt angle, buildings is required. That said, the accuracy of this structural consideration for wind loading, orientation, exercise depends on the clarity of Google Earth images inter-row spacing, frame spacing, module spacing and and interpretation of the physical parameters of the roof edge clearance building and surrounding areas, (according to the image). A combination of off-site desktop assessment • Determine suitable location for inverters and other and (then) refinement of those findings through on- electrical equipment/(s) by considering the cable length, site verification would provide a much more nuanced ventilation, direct sunlight etc. Accurate PV capacity estimation and better understanding of the • Identify cabling routes and hence the required plant capacity actual site parameters. cable run distances estimation and • Prepare overall site and system layout plan associated specific • Study and record the site parameters which are most site information likely to affect the design considerations is significant for Points to remember while determining PV array effective project location: implementation, • The area should be free from shadow throughout the which in turn allows year – refrain from (making a) guess or applying thumb project developers to rule or deciding on the shadow position at the time of determine credible visit - use solar sitting device (sun path finder or sun eye levelized cost of can be used for accurate identification of shadow free energy generation. Sample Site Assessment Report on HelioScope area) to assess the same • Check for access for array maintenance • Consider roof edge clearance as per building code for wind loading • Provide ample space for air cooling (follow installation manual of module manufacturer) • The location (for the PV array) should not be far from the charge controller/inverter/battery bank • Protect array from theft and vandalism • Consider the existing aesthetic of the building or premises

Desktop study for preliminary site assessment Conclusion Preliminary rooftop site assessment can be carried Accurate site assessment for rooftop solar PV projects out using Helioscope software, which is a web-based is inevitable for ensuring project reliability, safety and software tool for capacity assessment and energy yield performance. Solar PV design engineers must therefore estimation. Helioscope uses Google map to locate a carefully identify the critical site parameters, assess building or campus. Once the location is confirmed the long-term impact on the system and then consider from the geographical coordinates as extracted before, them in the design process. Accurate PV plant capacity one or multiple field segments can be created on estimation and associated specific site information is the building’s roof/(s). The identified objects which significant for effective project implementation, which will potentially create shadows should be “kept out” in turn allows project developers to determine credible from placing PV arrays in the field segments and the levelized cost of energy generation through a realistic total capacity of PV array should be determined in the techno economic evaluation.

Infraline.com | December 2019 25

4 Table of Contents Research Report 1. Introduction iii Cement producers 2. Types of Coal & their Specifications iv Brick kilns i Quality v Sponge Iron Industry ii Calorific Value 10. Exports of Coal in India iii Physical and Metallurgical composition i Types of Coal imported- with specifications 3. Policy Framework in Coal sector ii Port wise coal imports 4. Coal Production in India iii Country wise i Capacity iv Major Exporters ii Capacity utilization w.r.t production Coal Consumption in India iii Issues in realization of full potential 11. Import of Coal in India i Types of Coal imported- with specifications 5. Coal Consumption pattern in India Trends, Analysis & Forecast 2030 i Major Sectors ii Port wise coal imports ii Key Players iii Country wise Key Highlights Executive Summary Coal production in India touched 688.4 million tonnes (MT) in FY18, clocking a 2.5% increase over iii. Applicability of Global Coal iv Major Importers and Receivers Current Scenario of Coal in India last year’s production. The coal production has increased at the highest rate of 5.99% for coking v Major industries coal has increased at 5.99%. 6. Coal Pricing in India Policy Framework in Coal Sector The two large state-run coal miners, Coal India Limited (CIL) and Singareni Collieries Company i Overview of Domestic Coal Prices 12. Forecast till 2030 Limited (SCCL) together accounted for 91.6% of the total coal produced in the country during FY18. Coal Consumption Patterns ii E-auction prices The table below shows the trends in production of Coal and Lignite in India over the last few years i E-auction price forecast for Domestic Coal Coal Consumption Forecast from 2007-08 to 2016-17: 7. Global Coal Scenario ii Price forecast for Global Coal Coal Pricing in India Trends in Production of Coal and Lignite in India (in Million Tonnes) i Major Countries Coal 13. Factors Impacting coal demand in India Import & Export of Coal Year Lignite Grand Total ii Demand Supply trends in India Coking Non-coking Total i Present Scenario 1 2 3 4=(2)+(3) 5 6=(4)+(5) iii Historical trends and patterns Key Questions Answered 2007-08 34.46 422.63 457.08 33.98 491.06 ii Outlook 2008-09 33.81 457.95 491.76 32.42 524.18 iv Current Coal scenario for FY18 and 19 Coal Demand & Prices 14. Impact of Alternative Fuels in Fuel Mix on 2009-10 44.41 487.63 532.04 34.07 566.11 8. Global Coal Prices Alternative Fuels Impact in Fuel Mix 2010-11 49.55 483.15 532.69 37.73 570.43 i Demand of Coal 2011-12 51.65 488.29 539.94 42.33 582.27 i Global Coal price trends ii Import of Coal Overview on Domestic & E-auction Prices 2012-13 51.83 505.87 557.71 46.60 604.31 ii Historical price trends of Imports 2013-14 56.82 508.95 565.77 44.27 610.04 Coal Production in India iii Purchase of Coal 2014-15 57.45 551.73 609.18 48.27 657.45 9. Preferred coal usage by specific Indian Port Wise Coal Information 2015-16 60.89 578.35 639.23 43.84 683.08 i Industries: Domestic vs Global 15. Conclusion 2016-17 (P) 61.66 601.13 662.79 45.23 708.02 A must buy for Growth Rate of 2016- 1.27 3.94 3.69 3.16 3.65 ii Tiles producers Annexures 17 over 2015-16 (%) Investors CAGR 2007-08 to 5.99 3.59 3.79 2.90 3.73 2016-17 (%) Government Bodies & Agencies *Includes - PWW, Public Lighting, Railways, Inter-State and Others

Policy Makers & Academia Imported Coal Volume witnesses sharp growth Coal imports grew by 8.1% in FY18 on the back of sustained demand from steel sector for coking Mining Companies coal and steady demand from the power and cement industry. Total Coal import in FY18 stood at 213 MT, against 195 MT in FY17. Consultants Australia, Indonesia and South Africa are the three largest exporters of coal to India and contribute to 75-80% of the country’s total coal import. For Priority Business Coal imports were widely anticipated to fall during FY18. The Government has been pushing steam coal consumers especially power producers to replace imported coal with domestic Rajesh Singh Panwar coal. But inadequate coal transportation infrastructure especially availability of rakes has been hampering supply to power producers. [email protected] Coal import trend is expected to continue as power, cement and steel industry are expected to Mob: +91 9711786999 witness improvement in demand and capacity utilization. Primarily, this report will focus on coal consumption in India with global coal scenario while The report is priced at INR `1,25,000|USD $1,811. We are offering a pre-publication discount of 10%. The price after discount Ph: +91 120 6799125, 160 assessing the applicability to Indian industries. While covering this, the report will also contain is INR `1,12,500|USD $1,630. This offer is valid for orders and payments received on or before December 31, 2019. forecast of the domestic and global coal demand and prices. (GST will be charged as applicable) Table of Contents

1. Introduction iii Cement producers 2. Types of Coal & their Specifications iv Brick kilns i Quality v Sponge Iron Industry ii Calorific Value 10. Exports of Coal in India iii Physical and Metallurgical composition i Types of Coal imported- with specifications 3. Policy Framework in Coal sector ii Port wise coal imports 4. Coal Production in India iii Country wise i Capacity iv Major Exporters ii Capacity utilization w.r.t production iii Issues in realization of full potential 11. Import of Coal in India i Types of Coal imported- with specifications 5. Coal Consumption pattern in India i Major Sectors ii Port wise coal imports ii Key Players iii Country wise iii. Applicability of Global Coal iv Major Importers and Receivers 6. Coal Pricing in India v Major industries i Overview of Domestic Coal Prices 12. Forecast till 2030 ii E-auction prices i E-auction price forecast for Domestic Coal 7. Global Coal Scenario ii Price forecast for Global Coal i Major Countries 13. Factors Impacting coal demand in India ii Demand Supply trends in India i Present Scenario iii Historical trends and patterns ii Outlook iv Current Coal scenario for FY18 and 19 14. Impact of Alternative Fuels in Fuel Mix on 8. Global Coal Prices i Demand of Coal i Global Coal price trends ii Import of Coal ii Historical price trends of Imports iii Purchase of Coal 9. Preferred coal usage by specific Indian i Industries: Domestic vs Global 15. Conclusion ii Tiles producers Annexures

The report is priced at INR `1,25,000|USD $1,811. We are offering a pre-publication discount of 10%. The price after discount is INR `1,12,500|USD $1,630. This offer is valid for orders and payments received on or before December 31, 2019. (GST will be charged as applicable) Coal // NEWS // Domestic

High court relief for Adani in Rs 29,000 crore imports case A Bombay high court order has brought to halt an overseas investigation by the Directorate of Revenue Intelligence into the alleged Rs 29,000-crore overvaluation of Indonesian coal imports by the Adani Group. The high court quashed all Letters Rogatory (LR) sent by DRI to 14 countries, including Singapore and UAE, seeking information into the alleged overvaluation. An LR is a formal request to another country, seeking judicial assistance in accessing information on an offshore entity in a probe. DRI is probing at least 40 companies, including the Essar Group, for overvaluation of imports. Making it clear that it hasn’t gone into the merits of the LRs, the high court said: “We have only dealt with the contention as to whether it was permissible for the magistrate to issue such a Letter Rogatory without following the procedure mandated under the Criminal Procedure Code.” The DRI began probing a non-cognizable offence without obtaining the necessary permission from the magistrate and in such circumstances, the LRs issued do not meet the test, said a bench of Justices Bharati Dangre and Ranjit More.

Coal handling system market to grow 3.6 percent by 2028 IIT-B will pinpoint the amount of coal in Vasco air The demand for coal handling system continues to remain influenced The Indian Institute of Technology (IIT) Bombay, will complete the by increasing coal mining operations worldwide. In addition, surging second phase of its source appropriation study at Vasco in November. use of coal in thermal power plants and coal-fired plants remain The report will indicate the exact quantity of coal, bauxite and other instrumental in driving worldwide sales of coal handling system. Analysis of Fact. MR reveals that the demand for coal handling dust particles present in the air, thereby pointing out the reason system is likely to translate into a significant sales volume surpassing behind the air pollution in the port town. The source appropriation 4500 units by end of the year of assessment, projected to expand at study was ordered following allegations of coal pollution in the town. a volume CAGR of 3.6 % during the 2018 - 2028 timeline. Demand The government wants to find out the reason behind air pollution in for coal handling system will continue to be driven by increasing the vicinity. The second phase of the study would be completed by adoption in coal-fired power plants. The report envisages that the sales volume of coal handling system is estimated to expand at stellar November and based on both the reports, the recommendations to pace across the Asia Pacific in the forthcoming years. Asia Pacific, the government shall be made. The first phase was a month-long excluding Japan (APEJ), is likely to retain its status quo as the most study that began in April 2018. The Mormugao Port Trust (MPT) lucrative market for coal handling system and manufacturers can will bear the cost of the entire study, which has been pegged at expect momentous opportunities from the emerging economies in over Rs 94 lakh, a senior officer of the GSPCB said. Identification this region during the assessment period. The emerging economies, particularly China and India collectively accounted for more than 70% of sampling locations, monitoring ambient air quality and locating of the APEJ coal handling system market in 2017 and are expected pollution sources are part of the study’s scope and will be carried out to showcase a significant market share by the end of the year as per Central Pollution Control Board guidelines. of assessment.

28 Infraline.com | December 2019 Coal India to switch over to mechanized coal transportation by FY’24 State-owned CIL on Thursday said it will switch over to mechanized transportation of coal through piped conveyor belts in its large mines by 2023-24, replacing the existing road movement of the dry fuel. Piped conveyor belt transportation is a covered system for movement of coal and thus promotes environment safety and prevents possible coal pilferage. The system is already operational in some of the mines of Coal India Ltd (CIL). This will be implemented in 35 of CIL’s coal projects, each having production capacity of four million tonne per annum (MTPA) and above. For necessary infrastructure upgrade at these 35 projects, including railway lines, CIL will invest through its capital expenditure. This initiative involves setting up of Coal Handling Plants (CHPs) with silos having rapid loading systems, which would provide benefits like crushing, sizing of coal, and fast and qualitative coal loading. Setting up of CHPs apart from efficient loading and reduced manual intervention would spur better quality in coal supply.

Power sector needs good dose of private investments India needs a good dose of private investment to make power distribution viable, and a strong regulatory India’s coal imports rise 9 pc to 127 MT in Apr-Sept framework to attract foreign investment. Foreign direct investment (FDI) in India has grown by 66%, at a time India’s coal imports increased by 9.3 per cent to 126.91 million tonnes (MT) in the first six months of the ongoing fiscal, industry data showed. when investment across the globe has fallen by 30%. That The country had imported 116.04 MT of coal in April-September period of said, FDI in the power sector can only come if the regulatory FY 2018-19, based on monitoring of vessels’ positions and data received regime is predictable and consistent. In September, total from shipping companies. On a progressive basis (April-September ‘19) overdue amount on power distribution companies, which (provisional), total coal and coke imports were recorded at 126.91 MT, was not cleared even after 60 days of grace period offered which is 9.36 percent higher than 116.04 MT imported for the same period by generators, was estimated at Rs 52,408 crore against (April-September ‘18) last year. Although domestic coal production has seen Rs 34,658 crore in the same month, last year. In order to a negative growth in recent months, the late monsoon has affected demand give relief to power generation companies, the Centre has from the power and other consuming sectors, leading to slack in import enforced a payment security mechanism where discoms demand for thermal coal. India’s coal and coke imports in September 2019, are required to obtain open letters of credit (LoC) for through the major and non-major ports, have estimated a decrease by 2.71 getting power supply. Energy Efficiency Services Ltd (EESL) per cent since August 2019. Imports in September 2019 stood at 18.62 MT (provisional) as compared to 19.14 MT (revised) imported in August 2019. has installed over 500,000 smart meters in Uttar Pradesh, Of the total imports in September 2019, non-coking coal was at 12.23 MT Delhi, Haryana, Bihar and Andhra Pradesh during August against 12.38 MT imported in August 2019. Coking coal imports were at this year. The smart meters operational in these states were 4.59 MT in September 2019, almost unchanged from 4.58 MT imported a set up to enhance consumer convenience and rationalize month ago. electricity consumption.

Infraline.com | December 2019 29 Coal // NEWS // world

EU electricity market summary shows shift from coal to gas The EU power market has made a significant shift from coal generation, but mainly to the benefit of gas, according to EnAppSys’ new third- quarter summary of the European electricity market summary. The research firm said that coal and lignite power plants produced 95.8 TWh in the three months to the end of September. By contrast, gas- fired power stations contributed about 134.6 TWh to the European power supply over the same time period, or about 41% more than coal. This marks quite a significant shift in the market, as coal produced 31% more than gas in the third quarter of 2018 and 37% more throughout the same period in 2017. The shift is largely due to new market dynamics in Spain and Germany, EnAppSys said. It noted that coal has been almost completely pushed out of the Spanish market by gas, while Germany – traditionally a large coal and lignite consumer – has incrementally turned its back on the fuel type. The reduction of coal generation has mostly been facilitated by the expansion of gas plant capacity, as renewables generation stalled at 35% of the overall power generation in the third quarter. Generally, there has been a significant shift in Europe from coal/lignite generation to gas-fired generation, although the picture varies depending on individual countries, where the degree of change depends on the ability to switch from one power source to another.

Inside Adani’s plans to haul coal from Carmichael to the coast Global thermal coal markets ‘bottom out’ as One of Australia’s leading rail freight companies has publicly disclosed supply contracts that it is willing to service Adani’s Carmichael mine, despite an intense Global thermal coal markets have largely “bottomed out” following campaign by environmentalists aimed at dissuading companies from a steep drop in the first half of 2019, although supply contraction will dealing with Adani. Pacific National, the major rail freight company in likely be required to continue over the rest of the year and into 2020, NSW and the fastest growing in Queensland, told the ABC: “We haul to achieve global rebalancing. Some Asia-Pacific countries including coal, that’s what we do.” The company said that it wouldn’t rule out Vietnam and India continue to record growth as Mediterranean and dealing with Adani or any other mining company that had the neces- Atlantic demand falls by the wayside. Overall, despite increasing sary approvals. But the company may be Adani’s only option — other demand from some Asian countries, global oversupply remains at than hauling the coal itself — with Queensland’s dominant rail freight around 19 million mt. US coal exports are expected to fall to 33 mil- company, Aurizon, under shareholder pressure to not freight coal from lion mt in 2019 and to 20 million mt in 2020, Perret said. The country Adani’s mine site. Another rail freight business, Genesee & Wyoming exported 49.1 million mt in 2018, according to S&P Global Platts Australia (GWA), has already confirmed it will not deal with Adani. Analytics and US Census Bureau data. On the demand side, EU-15 Documents from the Queensland Office of State Development show imports are expected to drop to 72.3 million mt in 2019, falling by that it has applied for accreditation as a licensed Rail Infrastructure 25% from the year-ago total. In the wider geographical region, im- Manager and Rolling Stock Operator — raising the prospect that it ports to the Atlantic and Mediterranean regions could decrease by could be looking to bypass existing operators and freight its own coal 24 million mt year on year to 130.2 million mt and down to 125 from the mine. million mt in 2020.

30 Infraline.com | December 2019 China boosts coal imports and new mines China’s coal imports have risen by 9.5 per cent in the first nine months of this year to 250.6 million tonnes, according to Chinese customs data. At least 18.8 million tonnes of coal is due to arrive by sea this month. Approximately 7 million tonne normally arrives per month by truck and train from Mongolia and Russia. In a bid to stimulate the economy, state investment in large Chinese infrastructure projects has doubled this year, with airports and high-speed railway lines among 21 schemes being allocated £83.9 billion approximately. There has also been funding for 17 new Chinese coal mines. Seven mines were approved in 2018. Be- tween 2017 and 2018, Beijing added 194 million tonnes of coal-mining capacity with the number of Chinese mines exceeding 3,000. Beijing has promised to cap emissions by 2030 and is waging its ongoing “war on pollution” as its sprawling cities choke on smog. Signs are emerging of a modest recovery in coal import volumes into China, which has led to recent market speculation that the Chinese government may allow a relatively modest uplift in annual imports to around 300 million tonnes.

Southeast Asia may become net fossil fuel importer in coming years Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Coal projections range from flat to continuing declines Energy Agency (IEA) warned in a report. This comes despite ex- While loaded coal barges can be seen on the Ohio River and rail pectations of slower growth in the region’s energy demand as cars full of coal are coming out of the coalfields of Southern West economies shift towards less energy-intensive manufacturing Virginia, recent and projected trends in coal production in the and services, and greater efficiency, the agency said in its annu- United States continue to decline or remain flat, according to the al Southeast Asia outlook. Southeast Asia was already a net oil U.S. Energy Information Administration (EIA). For the week end- importer at 4 million barrels per day (bpd) in 2018, while strong ed Oct. 19, the EIA estimated U.S. coal production totaled about growth in demand for natural gas has reduced the surplus of gas 13,000,000 short tons. This production estimate is 2% higher for export, the world’s energy watchdog said. For coal, output than last week’s estimate and 11.5% lower than the production from the region’s top producer, Indonesia, remained well above estimate in the comparable week in 2018. U.S. year-to-date coal 400 million tonnes of coal equivalent last year, but increase in production totaled 573,000,000 short tons, 5.2% lower than the domestic demand and exports to China and India could reduce comparable year-to-date coal production in 2018, the EIA report its surplus. These trends point to Southeast Asia becoming a net showed. In West Virginia, coal production was down 13,000 short importer of fossil fuels in the next few years. The region’s overall tons, or 0.99%, for the week ended Oct. 19 from the previous surplus of supply over demand at 120 million tonnes of oil equiv- week. It was down 995,000 short tons, or 1.3%, from the same alent (mtoe) in 2011 had been eroded to just above 30 mtoe in week in 2018 and down 1,633,000 short tons, or 1.7%, from the 2018. Growing reliance on imports also raises concerns about previous year. energy security.

Infraline.com | December 2019 31 Coal // top companies

32 Infraline.com | December 2019 SR No Company Name

1 Adi Enterprises 2 Agarwal Coal Corporation Pvt. Ltd. 3 Indo Unique Flame Limited 4 Nilanchal Ispat Nigam Limited 5 Aditya Birla Group 6 Coal India Limited 7 Odisha Coal and Power Limited 8 Tata Steel Limited 9 Gujarat Mineral Development Corporation 10 Vedanta Resources 11 RattanIndia 12 Rajasthan State Mines and Minerals 13 Odisha Mining Corporation 14 Vedanta Limited 15 FCI Aravali Gypsum and Minerals (India) Limited 16 National Mineral Development Corporation 17 Karam Chand Thapar Group 18 Adani Group 19 Mahagenco Ash Management Services 20 ACB India Limited 21 Bharat Alluminium Company Limited 22 Birla Corporation Limited 23 CESC Limited 24 Singareni Collieries Company Limited 25 South Eastern Coalfields Limited 26 Mahanadi Coalfields Limited 27 Western Coalfields Limited 28 Eastern Coalfields Limited 29 Central Coalfields Limited 30 Bharat Coking Coal Limited 31 Steel Authority of India Limited 32 North Eastern Coalfields Limited 33 NLC India Limited 34 National Aluminium Company Limited 35 Chhattisgarh State Power Generation Company Limited 36 Northern Coalfields Limited 37 Mahagenco 38 Madhya Pradesh Power Generation Company Limited 39 Hindalco Industries Ltd 40 JSW Steel Ltd 41 Jindal Steel and Power Limited

Infraline.com | December 2019 33 Coal // Sector Statistics

“ Coking Coal FOB Australia ($/ton) (for Aug’19-Oct’19)” Date HCC Peak Premium Semi Soft Down Region Low Vol 01-Oct-19 138 137 117 02-Oct-19 138 137 117 03-Oct-19 138 137 117 04-Oct-19 138 137 117 07-Oct-19 138 137 117 08-Oct-19 138 137 117 09-Oct-19 138 137 117 10-Oct-19 143 142 117 11-Oct-19 146 145 123 14-Oct-19 149 148 123 “Month-wise Coal Production by CIL during FY20, FY19, 15-Oct-19 149 148 123 FY18 and FY17 (in Million Tons)” 16-Oct-19 152 151 125 17-Oct-19 152 151 125 Month 2019-20 2018-19 2017-18 2016-17 18-Oct-19 152 151 125 Apr 45.29 44.84 38.44 40.35 21-Oct-19 152 151 127 May 46.59 47.14 40.74 42.58 22-Oct-19 152 151 127 Jun 45.08 44.88 39.66 42.72 23-Oct-19 152 151 127 24-Oct-19 152 151 127 Jul 38.5 40.56 36.64 36.74 25-Oct-19 148 147 125 Aug 37.77 38.8 37.63 32.43 28-Oct-19 147 146 125 Sept 30.77 40.24 38.77 35.24 02-Sep-19 157 156 137 03-Sep-19 157 156 137 Oct 39.35 49.77 46.14 43.51 04-Sep-19 157 156 137 Nov - 52.09 51.26 50 05-Sep-19 157 156 137 Dec - 54.13 54.63 54.2 06-Sep-19 157 156 137 Jan - 57.20 56.69 55.99 09-Sep-19 157 156 137 10-Sep-19 153 152 137 Feb - 58.05 54.46 54.3 11-Sep-19 153 152 137 Mar - 79.2 72.28 66.07 12-Sep-19 153 152 137 TOTAL 283.35 606.9 567.34 554.13 01-Aug-19 172 171 160 # Updated Figures May Not Tally Due To Revision 02-Aug-19 172 171 160 05-Aug-19 161 160 152 “Month-wise Coal Production by SCCL during 2018-19 and 06-Aug-19 161 160 151 2019-20 (in Million Tons)” 07-Aug-19 161 160 150 08-Aug-19 161 160 150 Month 2019-20 2018-19 Y-o-Y growth (%) 09-Aug-19 161 160 150 Apr 5.5 4.51 21.95 12-Aug-19 161 160 146 May 5.87 5.1 15.10 13-Aug-19 161 160 146 14-Aug-19 161 160 146 Jun 5.71 4.96 15.09 15-Aug-19 161 160 146 Jul 5.15 4.43 16.01 16-Aug-19 161 160 146 Aug 4.05 4.38 -7.46 19-Aug-19 156 155 138 20-Aug-19 156 155 138 Sept 4.23 5.12 -17.10 21-Aug-19 156 155 138 Oct 5.07 5.27 -3.93 22-Aug-19 156 155 138 Nov - 5.77 - 23-Aug-19 156 155 138 Dec - 6.04 - 26-Aug-19 154 153 137 27-Aug-19 156 155 137 Jan - 6.29 - 28-Aug-19 156 155 137 Feb - 6.07 - 29-Aug-19 156 155 137 Mar - 6.47 - 30-Aug-19 156 155 137 Total (Apr-Oct) 35.59 33.77 5.38

34 Infraline.com | December 2019 Coking Coal Imports Through Selected Ports

Jul-19 Aug-19 Sep-19 PORT “Quantity “Weighted Average “Quantity “Weighted Average “Quantity “Weighted Average (in Tonnes)” (INR/Tonne)” (in Tonnes)” (INR/Tonne)” (in Tonnes)” (INR/Tonne)”

CHENNAI 152 28,727 38 27,757 38 29,431 DHAMRA 6,69,449 13,609 8,19,148 13,439 4,42,920 12,536 ENNORE - - 35,178 12,941 - - GANGAVARAM 4,38,175 14,306 3,12,724 12,901 4,30,214 10,951 KANDLA 43,931 11,990 96,897 13,998 69,995 9,235 KARAIKAL* - - 50,829 13,553 - - KOLKATA 7,88,221 14,333 7,83,526 13,150 5,31,451 12,403 KRISHNAPATNAM* 2,50,258 9,365 2,79,417 9,303 - - MAGDALLA* 40,000 10,239 30,000 10,415 10,846 5,351 MARMAGOA 4,19,639 12,078 3,33,625 13,552 4,66,263 10,731 MUNDRA 59,100 16,421 70,900 16,288 - - NEW MANGALORE ------PARADIP 9,73,599 13,626 10,13,318 13,365 7,96,973 11,900 PIPAVAV ------VIZAG 8,54,764 13,793 4,09,957 13,733 5,29,617 12,451 MUMBAI & JNPT 0 6,45,340 0.22 1,10,184 0.20 - HAZIRA 114 26,222 114 25,646 57 27,003 JAIGARH - - 3,41,269 13,054 2,23,960 11,218 OTHERS 2,83,002 13,008 0 4,92,246 38,065 13,613 Total Quantity Imported 48,20,404 - 45,76,941 - 35,40,400 - *Only EDI figures Non-Coking Coal Imports Through Selected Ports Jul-19 Aug-19 Sep-19

PORT “Quantity “Weighted Average “Quantity “Weighted Average “Quantity “Weighted Average (in Tonnes)” (INR/Tonne)” (in Tonnes)” (INR/Tonne)” (in Tonnes)” (INR/Tonne)”

DAHEJ* 2,33,148 3,878 6,18,284 3,387 2,76,454 4,338 CHENNAI 104 18,367 208 19,821 208 20,528 COCHIN ------DHAMRA 42,510 4,487 3,80,898 4,067 2,22,541 3,142 ENNORE 5,71,910 4,128 6,25,557 3,850 6,04,041 - GANGAVARAM 12,01,757 4,289 17,82,683 4,466 7,41,100 4,357 KAKINADA* 1,44,024 2,941 1,27,898 4,538 1,30,545 3,561 KANDLA 4,38,746 4,362 9,84,906 4,399 9,27,030 3,822 KARAIKAL* 2,03,816 4,454 4,37,326 4,191 5,09,719 3,977 KOLKATA 2,97,629 5,089 1,44,737 4,570 1,16,750 3,953 KRISHNAPATNAM* 18,65,704 4,275 10,39,636 3,918 9,31,631 4,499 MAGDALLA* 4,90,377 3,622 6,53,813 3,450 7,10,495 3,757 MARMAGOA 3,83,960 6,595 1,27,998 5,619 3,49,659 4,997 MUMBAI & JNPT 1,00,429 5,422 1,97,145 5,058 2,22,669 21,531 MUNDRA 14,01,655 4,454 7,22,605 4,517 16,22,092 3,938 NEW MANGALORE 3,06,850 4,359 1,21,862 5,819 3,48,061 5,164 PARADIP 2,95,981 4,354 1,22,274 2,779 2,72,784 3,568 PIPAVAV* 58,870 7,775 76,950 4,057 1,41,300 5,949 TUTICORIN / VOC* 6,08,464 3,849 7,49,070 3,789 7,14,177 4,248 VIZAG 7,20,337 4,337 4,50,044 4,583 7,16,440 3,645 HAZIRA 4,41,025 3,528 4,66,197 3,655 4,05,080 2,866 NAVLAKHI 11,05,495 3,713 9,02,331 3,381 5,55,296 3,449 JAIGARH 1,63,577 - 5,71,970 4,980 1,94,041 4,414 OKHA 77,230 - 51,700 4,955 1,48,446 4,361 BHAVNAGAR 55,000 4,485 70,354 4,980 98,651 5,541 PORBANDAR 76,100 3,678 27,616 5,296 42,499 5,890 JAKHAU 53,122 - 52,341 - 61,610 5,256 OTHERS 9,44,221 3,804 6,63,030 3,603 6,98,271 3,845 BEDI 1,53,275 - 1,47,892 - - - JAFRABAD 10,230 - 12,304 - 10,201 - MULDWARKA 21,423 - 22,600 - 19,481 - SIKKA 23,567 - 23,320 - 22,345 - Total Quantity Imported 1,24,90,536 1,23,75,548 - 1,18,13,617 - *Only EDI figures India’s Coal & Coke Import (in Million Tons) “% Growth (+/-) “% Growth (+/-) Coal Type Oct’19* Sep’19* Oct’18* M-o-M Basis” Y-o-Y Basis” Apr-Oct’19* Apr-Oct’18 Coking Coal 4.45 3.54 3.94 25.7% 12.9% 30.29 29.18 Non Coking Coal 13.37 11.81 15.23 13.2% -12.2% 98.53 96.48 Anthracite Coal 0.19 0.08 0.17 137.5% 11.8% 1.18 0.86 PCI Coal 0.74 0.82 0.55 -9.8% 34.5% 7.25 4.05 Met Coke 0.16 0.09 0.53 77.8% -69.8% 1.59 2.9 Pet Coke 0.59 0.72 0.15 -18.1% 293.3% 6.01 3.14 Total 19.51 17.06 20.57 14.4% -5.2% 144.86 136.61 Infraline.com | December 2019 35

Coal // Sectoral Reports

Inpower – An Infraline’s Monthly Stream Which INPOWER Highlights Information Related To Coal Sector And Aims To Provide Insights Of Regulatory And Indus- COAL SECTOR OUTLOOK trial Developments In Coal Sector. 2019 | OCTOBER

36 Infraline.com | December 2019 INPOWER COAL SECTOR OUTLOOK

MnT MnT 5.27 5.27 5.0 5.7 5.05.7 5.1 6.0 6.0 4.4 4.4 5.1 5.2 5.2 4.4 4.4 5.07 5.07 MnT 5.27 5.0 5.0 4.2 5.7 5.0 4.1 4.1 4.2 Sector Statistics 6.0 4.4 5.1 4.0 4.0 5.2 4.4 5.07 Production Outlook 5.0 Production Performance of CIL 3.0 3.0 4.1 4.2 4.0 2.0 2.0 Coal India Limited’s Coal Production increased to 39.4 MnT during 3.0 October 2019 compared to 30.8 MnT last month in current Fiscal year. 1.0 1.0 2.00.0 0.0 However, coal production in October 2018 stood at 49.8 million tons 1.0 JuneJune July July AugustAugustSeptemberSeptemberOctoberOctober during the same month last year, recording a decline of 20.94%. 0.0 2019-202019-202018-192018-19 MnTMnT June July August September October 60.0 60.0 44.944.9 2019-20 2018-19 MnT 49.8 40.640.6 49.8 50.0 50.0 45.145.1 38.838.8 40.340.3 60.0 Production Performance of NLCIL 44.9 38.538.5 39.439.4 40.040.0 34.834.8 49.8 During the month of Sept’19 NLCIL reported its highest monthly coal 40.6 30.8 50.0 45.1 38.8 40.330.8 production of 2.13 MnT with a marginal growth compared to last 30.0 30.0 38.5 39.4 month and for the duration of FY-20 and last FY-19. 40.0 34.8 20.020.0 30.8 MnTMnT 30.0 10.010.0 2.8 3.0 3.0 2.8 20.0 MnT 0.00.0 2.5 2.2 2.4 2.4 2.5 2.22.1 2.1 10.0 JuneJune JulyJuly AugustAugustSeptemberSeptemberOctoberOctober 1.9 2.1 2.1 3.0 1.82.8 1.9 1.7 2.0 2.0 1.8 1.7 2019-20 2018-19 1.6 1.6 0.0 2019-20 2018-19 2.5 2.2 2.4 1.5 1.5 2.1 2.1 June July August September October 1.9 1.8 1.7 2.01.0 0.7 2019-20 2018-19 1.01.6 0.7 For the period Apr-Oct 2019, actual coal production stood at 280 1.50.5 0.5 million tons, lower by 8.45% compared to corresponding period of 1.00.0 previous year. 0.0 0.7 May June July August September 0.5 May June July August September Production Performance of SCCL 2019-20 2018-19 0.0 2019-20 2018-19 May June July August September Singareni Collieries Company Limited’s coal production increased by Offtake & Despatch Outlook ~20% to 5.07 MnT in Oct’19 month compared to 4.2 MnT in Sept’19. 2019-20 2018-19 Offtake Outlook The coal offtake of CIL stood at 40.5 MnT in October 2019 com- As the monthly growth in coal production SCCL recorded marginal pared to 35.2 million tons in September 2019, recording an increase shortfall in coal production on y-o-y basis. Despite this, the coal pro- of 15%. duction decreased by 4% in Oct’19 as against 5.1 MnT during same month reported last fiscal year. For the period Apr-Oct’19, coal offtake stood at 316.3 million tons, a decline of 7.77% compared to corresponding period of the previous On the other hand, the overall production of coal has increased by 5% year. A declining trend has been observed in the current FY compared in FY-20 compared to FY-19. to last FY-19.

Infraline.com | December 2019 37 Coal // Sectoral Reports

Sector Statistics Production Outlook

MnT MnT MnT MnT MnT 48.3 MnT 60.0 49.6 48.3 6.0 48.3 45.2 MnT60.060.0 48.949.649.6 50.0 MnT6.06.0 4.8 3.6 46.8 45.245.2 44.0 50.0 50.0 48.9 44.0 50.0 5.0 4.8 3.63.6 48.9 46.846.848.3 44.0 5.0 4.8 50.060.050.0 49.6 40.5 40.5 6.05.0 40.5 40.5 40.0 40.545.2 35.2 40.550.0 4.0 48.9 44.0 4.0 4.8 3.6 40.050.040.0 46.8 35.235.2 5.04.0 2.1 30.0 3.0 2.3 2.1 40.5 40.5 3.0 2.1 30.040.030.0 35.2 4.03.0 2.32.3 20.0 2.0 2.0 2.1 20.0 3.02.0 0.0 20.030.0 2.3 0.0 10.0 1.0 0.4 0.0 1.0 0.4 10.020.010.0 2.01.0 0.4 0.0 0.0 0.0 0.0 0.0 1.00.0 Spot 0.4Exclusive Special Forward 10.00.0 June July August September October Spot Exclusive Special Forward June July August September October Spot Exclusive Special Forward June July August September October 0.0 Quantity Offered Quantity Alloted 0.0 2019-20 2018-19 SpotQuantityQuantity Offered OfferedExclusiveQuantityQuantitySpecial Alloted Alloted Forward June July2019-202019-20August2018-192018-19September October Quantity Offered Quantity Alloted 2019-20 2018-19 Despatch Outlook *e-auction data through coaljuntion and MSTC for the month ended Sept’2019. The coal despatch by SCCL stood at 4.9 million tons in October 2019 compared to 4.4 million tons in previous month, recording an increase Under Exclusive Market no allotment has been done against 0.4 MnT of 12.6% comparatively. of offered quantity.

Summary of E-Auction by SCCL 7.0 5.3 During Apr-Sept’19, under Spot Market SCCL offered 3.74 MnT while 7.07.0 5.3 5.1 5.9 6.0 5.55.3 4.5 5.9 0.68 MnT was allotted. An average price increase of 21.3% has been 5.5 5.1 4.5 5.15.1 5.9 6.06.0 5.5 4.5 4.9 observed above notified value. 5.07.0 5.3 5.15.14.5 4.54.5 4.9 4.2 4.4 4.95.9 5.0 5.5 4.45.1 5.06.0 4.5 4.24.2 4.4 4.0 5.1 4.5 4.9 The price increase of 21% has been observed above notified value 4.05.04.0 3.0 4.2 4.4 for Sept’19. 3.04.03.0 MnT 2.0 MnTMnT 2.03.02.0 1.0 1.2 1.1 MnT1.2 1.1 1.11.1 1.02.01.0 1.2 1.1 0.0 1.1 1.0 0.01.00.0 June July August September October 1.2 1.1 1.01.0 1.1 JuneJune JulyJuly AugustAugust SeptemberSeptember OctoberOctober 0.0 0.8 2019-20 2018-19 1.00.8 June July2019-202019-20August2018-192018-19September October 0.8 0.6 0.54 0.8 0.54 For the period of Apr-Oct’19,2019-20 coal dispatch2018-19 stood at 35.4 million 0.60.6 0.54 0.43 0.43 0.4 0.43 tons, a decrease of 4.1% compared to corresponding period of 0.6 0.54 0.40.4 0.2 previous year. 0.2 0.43 0.2 0.1 0.2 0.40.2 0.1 0.05 0.06 E-Auction Outlook 0.2 0.1 0.2 0.050.05 0.060.06 Summary of E-Auction by CIL in September’19 0.20.0 0.1 0.00.0 May'19 June'19 August'190.05 September'190.06 In September 2019, under Spot Market CIL had offered 2.3 MnT while May'19 June'19 August'19 September'19 0.0 May'19 June'19 August'19 September'19 2.1 MnT was allotted. The price increase of 81.46% has been ob- Quantity Offered Quantity Alloted May'19 June'19 August'19 September'19 served above notified value. QuantityQuantity Offered Offered QuantityQuantity Alloted Alloted Quantity Offered Quantity Alloted While under Special Forward Market 3.6 MnT has been allotted as against 4.8 MnT of offered quantity. The price increase of 46.15% has been observed above notified value. *e-auction data through coaljuntion for the month Till- Sept’2019.

38 Infraline.com | December 2019 Coal Imports Outlook, Coal Imports by India MnT

30.0 26.2 23.0 19.9 21.4 24.6 22.2 Non-Coking Coal Imports through Major ports during 25.0MnT 22.0 21.4 19.7 18.9 Sept’19 20.0 MnT 30.0 26.2 23.0 19.9 21.4 The imports of non-coking coal stood highest in Mundra port with 24.6 22.2 15.025.0 22.0 1.62 MnT and firmed amongst the top importers of coking coal. Krish- 30.0 23.0 21.4 21.4 19.7 MnT 26.2 19.9 18.9 napatnam, Kandla, Gangavaram and Vizag respectively are the other 10.020.0 24.6 22.2 25.0 22.0 major1.80 ports through1.62 which non-coking coal imports were imported. 21.4 19.7 15.05.0 18.9 1.60 20.0 1.40MnT 0.0 10.0 1.20 15.0 May June July August September 1.80 1.62 0.93 0.93 MnT1.00 5.0 1.60 0.74 0.72 10.0 2019-20 2018-19 0.801.40 0.0 1.80 1.62 0.601.20 5.0 May June July August September 1.60 0.93 0.93 0.401.00 1.40 0.74 0.0 0.20 0.72 2019-20 2018-19 1.20 0.80 May June July August September 0.000.60 0.93 0.93 1.00 0.40 0.74 0.72 Though overall coal 2019-20imports during2018-19 Sept’19 have reduced, however, 0.80 0.20 VIZAG 0.60 there is an increase in coal imports during FY-20 causing an average KANDLA 0.00 MUNDRA increase of 12% during Apr-Sept’19 compared to the same duration 0.40 0.20 in last year. GANGAVARAM 0.00 VIZAG KRISHNAPATNAM KANDLA MUNDRA Coking Coal Imports through Major ports during Sept’19 VIZAG The imports of coking coal have been highest in Paradip port with GANGAVARAM KANDLA MUNDRA 0.80 MnT and firmed amongst the top importers port of coking coal. KRISHNAPATNAM The other major coking coal importers are Kolkata, Vizag, Marmagoa, GANGAVARAM Dhamra, Gangavaram respectively. KRISHNAPATNAM

MnT Sector Rationale: 0.90 0.80 The centre plans to expedite development of coal blocks auctioned to 0.80MnT private operators so that it could come on stream in four-five years. As 0.70 the coal blocks tend to face challenges in various clearances, the cen- 0.600.90 0.53 0.53 tre aims to streamline the process by introducing online application 0.80 0.47 0.500.80 0.44 0.43 MnT form and single-window clearance for mining lease, land acquisition 0.400.70 and rest of the approvals. In another development, the ministry of 0.90 0.300.60 0.53 0.53 coal is ambitious on speeding domestic coal production and is not 0.80 0.47 0.44 0.80 0.200.50 0.43 in favour of acquiring overseas coal asset. Evidently, CIL has already 0.70 0.100.40 advanced one billion tonne coal production target by two years to 0.00 0.60 0.30 0.53 0.53 FY 2024. 0.20 0.47 0.50 0.44 0.43 The step to allow 100% FDI in coal coal mining is regarded both as a

0.10 VIZAG 0.40 positive move and policy enabler. This will set an opportunity to col- PARADIP DHAMRA 0.00 KOLKATA laborate with global miners to bring in technical skills in exploita- 0.30 MARMAGOA tion of minerals. It will raise the overall competitiveness of India’s 0.20 GANGAVARAM

VIZAG mining sector. 0.10 PARADIP DHAMRA 0.00 KOLKATA MARMAGOA GANGAVARAM VIZAG PARADIP DHAMRA KOLKATA

MARMAGOA Infraline.com | December 2019 39 GANGAVARAM Coal // Sectoral Reports

Regulatory & Policy Update

Coal Ministry Concludes Second Round of Current agreements for coking coal imports, instead of directly buying coal Block Auction mines, while scouting for stakes in coking coal assets only. The second round comprising of financial bidding started from 1 Nov’19, was concluded with the auction process of Jamkhani coal The decision is aimed to protect outflows of foreign exchange, which block which was the last mine scheduled in the list. was INR 2.71 trillion last year, during which time India had imported 235 million tonnes (MT) of coal; 50 MT of it was coking coal. The six coal blocks were shared amongst Birla Corporation, JSPL, Prakash Industries, Powerplus Traders and Vedanta, with Birla getting Notably, Joshi had already advanced CIL’s one billion tonne coal a hand in two blocks. Apparently, all the blocks entering the second production target by two years to FY 2024. According to Pralhad Joshi, round were offered for specified use in Iron & Steel, Cement & Captive coal will remain the predominant energy source in foreseeable future power plants. for most of the global countries, including India.

Highest premium over the reserve price was received for Bhaskarpara Simultaneously, however, sincere efforts are being made to develop coal block, which was secured by Prakash Industries. While the highest cutting-edge technologies for more efficient exploitation of bid among the lot was recorded for Jamkhani coal block. hydroelectric, nuclear, solar, wind and other renewable energy sources as they are low carbon alternatives. Incidentally, the Jamkhani block had witnessed the most number of participants, with two out of the total seven bids arising from Vedanta. Until now, coal is the backbone of India’s energy security and Ultimately, Vedanta had secured the mining rights for the block by contributes to nearly 60% electricity generation. Coal production and quoting winning bid of INR 1674/MT, at a premium of 67% over utilization is anticipated to grow almost threefold in the next couple of reserve price. decades. Accordingly, the mining industry must overcome the challenge of improved coal production in ways that produce minimum possible Birla Corporation, on the other hand, had landed its two blocks- Bikram environmental impact. and Brahmapuri with relative ease, by quoting winning bids close to the reserve price. Heightened coal production is needed to reach the “affordable electricity for all” initiative of the Hon’ble Prime Minister of India. Even for broader economic security, the location-specificity, intermittency Coal Reserve Highest Premium over Successful and low-load factors of renewable plants mean existence of coal will Block Price Bid Reserve Price % Bidder continue in the near-future. Bikram 150 154 3% Birla Corp Gare Palema IV/1 150 230 53% JSPL The versatility of coal ensures that continued extraction is necessary for Brahmapuri 154 156 1% Birla Corp industrial development of various sectors in addition to power utility, Bhaskarpara 234 1100 370% Prakash Industries for instance steel manufacturing. Jagannathpur B 171 185 8% Powerplus Traders MoC to offer 14 coal & lignite blocks for UCG The Ministry of Coal (MoC) has planned to offer 7 coal blocks and 7 lignite blocks for the development and production of underground coal Although the current scheme of coal block sales envisaged under the gasification (UCG), according to a ministry official. 8th, 9th and 10th trance auction had garnered somewhat weaker response, wherein only 6 out of the earlier notified 27 mines were “We have identified 7 coal and 7 lignite blocks which will be offered to ultimately procured by the end-users. But it would be regarded as bidders for UCG production,” as per the official. the first auction to have witness allotment of blocks since FY16, remarkably the previous tranche of auctions (4th, 5th, 6th and 7th) He further said that the tender for allotment of these blocks was being were terminated. Following the conclusion of second round, the prepared and process will be rolled once the Cabinet nod is obtained. nominated authority would recommend the successful bidders to the Asked if the blocks will be auctioned in line with captive block auctions, Coal Ministry, which will be proceeded by issuance of vesting order for he said there would be different terms and conditions and methodology the respective coal mines. for revenue sharing. He however could not give a timeline for the completion of the process. India’s Coal Ministry Focus on Advance Contracts for Coking Coal Currently, Coal India Ltd (CIL) and NLC India are pursuing UCG projects State-owned behemoth CIL will now prioritize getting into advance in 1 one block each, the official added.

40 Infraline.com | December 2019 Industry Update

SCCL gets coal block in Odisha where 200 lakh tonnes of G7 grade in spot e-auction via other platform sees high coal can be extracted demand in Oct Singareni Collieries has acquired the ‘New Patrapada’ coal block in There was high demand for G7 grade (GCV of 5201-5500 Kcal/kg) Odisha, which is three times bigger than the already acquired ‘Saini’ coal for allotment on spot e-auction through MSTC in October 2019, coal block. The block was allotted by the coal ministry. as the entire offered quantity of 57,000 tons by CIL subsidiary SECL got allotted at a weighted average price of Rs 3,210 per ton, according to The Singareni Collieries Company Limited (SCCL) is a Government coal data available with ICMW. mining company jointly owned by the Government of Telangana and Government of India on a 51:49 equity basis. There was high demand for G7 grade coal for allotment on spot e-auction through MSTC in September 2019, as the entire offered quantity ‘New Patrapada’ is one of the many coal blocks in Chandipada Tha- of 10,000 tons by CIL subsidiaries WCL and BCCL got allotted at a hasil area in Odisha and is approximately 15 kilometers away from weighted average price of Rs 4,674 per ton. Saini Coal block which has already been allotted to it. The coal ministry responded favourably to Singareni’s request to allot more coal blocks Coking coal in October on other platform sees high demand in Orissa along with Saini Block. There was high demand (91 percent) for washery grade (W2, W3 & W4) coking coal offered by CIL subsidiaries ECL and BCCL for allotment The area of ‘New Patrapada’ is 31 square kilometres which is almost through spot e-auction via MSTC platform in October 2019, as out of 3108 hectares. Coal reserves in this area are 1040 million tonnes. Sing- the entire offered quantity of 78,500 tons, 71,500 tons got allotted areni will start coal extraction at Saini Block from 2021 onwards and at a weighted average price of Rs 4,734 per ton, according to data arrangements are being made to start extraction at ‘New Patrapada’ available with ICMW. at the same time. Similarly, there was high demand (99 percent) for washery grade (W2, Strong demand for CIL coal in MSTC’s exclusive auction in W3 & W4) coking coal offered by CIL subsidiaries WCL, CCL and BCCL October for allotment through spot e-auction via MSTC platform in September Strong demand was seen for coal offered in MSTC’s exclusive e-auction 2019, as out of the entire offered quantity of 106,000 tons, 105,420 in October 2019 by Coal India Ltd (CIL), as per data available with tons got allotted at a weighted average price of Rs 5,915 per ton. ICMW. Coal Production of CIL runs up 28% M-o-M in Oct’19 In October 2019, a quantity of 2,400,000 tons was offered by CIL sub- Company’s coal production was noted at 39.35 MnT in Oct’19, up sidiary NCL, which entirely got allotted at a weighted average price of 28% M-o-M from 30.77 MnT in Sep’19. Rs 2,537. An analysis of the auction revealed that G7, G8 and G10 CIL’s mining operations were badly hit in the previous month due to grades were offered in MSTC’s exclusive e-auction in October 2019. floods. Notably, production at Dipka mine belonging to its mining arm SECL, was affected following a breach in the embankment of a season- Quantity-wise, G7 grade was offered in the highest volume (1,300,000 al river, which had flooded the mine’s lower benches. tons) and allocation-wise also G7 (1,300,000 tons) was the topmost. Percentagewise, all the grades offered had the 100 percent allotment. Although the company did manage to resume production from the Earlier, there was no exclusive e-auction via the platform in mine, but a slower than expected growth and continuous reports of September 2019. agitation arising from its Odisha based subsidiary MCL, had kept CIL overall production in Oct’19 below the levels attained in the year-ago period. Apparently, CIL’s production had fell 21% Y-o-Y from 49.78 MnT in Oct’18.

NCL remained the largest coal producing subsidiary Because of the disrupted output from SECL and MCL, Northern Coal- fields (NCL) clocked the highest coal production for the second succes- sive month.

NCL’s coal production increased 8% Y-o-Y to 9.34 MnT in Oct’19 as against 8.65 MnT in Oct’18. Production from SECL and MCL were noted at 8.89 MnT and 7.65 MnT respectively during the month. As matter of fact, all the 8 coal producing subsidiaries of CIL had post- ed an m-o-m growth in coal production in Oct’19, but only NCL had managed a y-o-y growth during the period.

Infraline.com | December 2019 41 Research Report

INDIAN POWER SECTOR OUTLOOK 2037

Key Highlights Executive Summary Estimation of Future Energy Demand (at The Government of India has made some bold announcements in the energy domain. While all the villages are planned to be electrified by 2018, the Government aims to make 24x7 “Power Pan India level and 10 major States) for for All” a reality by 2019. India’s INDCs under the Paris Agreement target to reduce emissions the different category of consumers in intensity by 33%-35% by 2030 over 2005 levels, achieve 175 GW renewable energy capacity by medium and long term 2022 and aim to increase the share of renewable energy capacity in the electricity mix at above Projected All India Fuel-wise and Sector- 40% by 2030. India is on the verge of a major industrial revolution and NITI Aayog estimates the wise Installed Capacity upto FY’2037 share of manufacturing in the GDP to increase to 25% from the present level of 16% by 2022. Future Power Demand & Supply Scenario In wake of the recent policy announcements and the rapidly evolving scenario, this report has in the country for the next 20 years been prepared with an objective to give an insight into the future power scenario for the next Projected Capital Costs of Coal based 20 years. The report gives a detailed coverage on the future energy requirement and demand, Power Projects & Expected Tariff levels capacity addition from different fuel sources, estimated capital costs for setting up coal based upto FY’2037 power projects, future outlook of Indonesian coal prices and tariffs for the years FY 2021-22 and beyond upto FY 2036-37. Key Questions Answered The energy requirement forecast is made at pan India level and for 10 selected States upto FY What shall be the future growth trajectory 2036-37. CAGR trend computed from the past is normalized/interpolated with the anticipated GDP to of the Energy Demand in the country for make the future projections. Tariff Orders, EPS Estimates, MYT filings and ACS-ARR Gap figures the next 20 years? have also been referred to in the computation of the forecasts. What will be the share of renewables in All India Projected Energy Requirement (In BU) the future energy mix? Categories 2018-19 2019-20 2020-21 2021-22 What is the future of coal based power Domestic 284.72 308.92 335.17 363.66 generation in the country? Commercial* 207.46 226.13 246.48 268.67 Agriculture 230.42 246.55 263.81 282.28 What shall be the tariff of long term PPAs in the year 2018 and beyond? Industrial 350.97 382.21 416.22 453.27 Energy Consumption 1,073.57 1,163.80 1,261.69 1,367.87 A must buy for Energy Requirement 1,317.26 1,414.96 1,520.11 1,633.28

Power Utilities *Includes - PWW, Public Lighting, Railways, Inter-State and Others Government Agencies Based on the projected energy requirement in the country and projected PLF of the power plants, Consultants capacity addition requirement is estimated at pan India level in medium and long term. The capacity addition has been projected from different fuel sources i.e. coal, gas, hydro, nuclear and Regulatory Bodies renewable energy sources and sector-wise i.e. Central, State and Private, after taking into account Power Exchanges & Traders Government’s policies and targets, fuel supply position and the status of under construction Investors (Banks & Financial Institutions) projects in the country. The report also gives projections of capital cost of coal based power plants in medium and long For Priority Business term and a brief overview of the coal pricing mechanism in Indonesia with details of Indonesian Rajesh Singh Panwar Government’s Benchmark Thermal Coal Harga Batubara Acuan (HBA) Price from Jan’2010 - May’2017 and future price projections of Indonesian coal. [email protected] Based on the estimated capital costs of power projects, projected prices of domestic and Mob: +91 9711786999 imported coal as well as secondary fuel oil, O&M costs, escalation in fuel & O&M costs, projected Ph: +91 120 6799125, 160 interest rates on loan and working capital and all other factors necessary for tariff calculations, the tariffs of long term PPAs in FY’22 and beyond upto FY’37 is calculated. Table of Contents

Executive Summary 6 Expected Capital Cost for Coal Based Thermal Power 1. Overview of Power Scenario in India Projects in Medium Term and Long Term i Introduction i Capital Cost for Coal Based Thermal Power Projects ii Installed Capacity iii Power Demand & Supply Scenario in the Country Capital Cost of Non-BHEL/Chinese EPC based Coal iv Chapter Summary Power Projects 2. Forecast of Medium Term Energy Requirement and Peak Demand Capital Cost of BHEL EPC based Coal Power Projects i Research Methodology for Forecast at Pan India Level ii Estimated Capital Cost for Coal Based Thermal Power ii Role of Electric Vehicles in increasing the Power Demand Projects in Medium Term & Long Term iii Forecast at State Level iii Chapter Summary iv Chapter Summary 3 Forecast of Long Term Energy Requirement and Peak 7 Indonesian Coal Price Forecast in Medium Term (FY 2017- Demand 18 to FY 2021-22) i Research Methodology i Coal Pricing in Indonesia ii Forecast at Pan India Level iii Forecast at State Level ii Indonesia’s Thermal Coal Production & Export iv Chapter Summary iii Indonesian Government’s Benchmark Thermal Coal Price 4 Forecast of Capacity Addition (Medium & Long Term) at Pan India Level iv Forecast of Indonesian Coal Price in Medium Term (FY 2017- i Forecast of Capacity Addition in Medium Term (FY 2017-18 18 to FY 2021-22) to FY 2021-22) at Pan India Level v Chapter Summary ii Research Methodology

Fuel Source wise Capacity Addition during the FY 8 Power Purchase Agreements and Tariffs 2017-18 to FY 2021-22 i Quantum of fresh long-term Power Purchase Agreements Sector Wise Capacity Addition during the period FY (PPAs) expected over medium and long-term 2017-18 to FY 2021-22 iii Forecast of Capacity Addition in Long Term (2021-22 to Shortfalls of long-term Power Purchase Agreements 2036-37) at Pan India Level ii Tariff structure of long-term Power Procurement – CERC iv Chapter Summary Framework 5 Power Demand & Supply Scenario in the Country in Medium & Long Term Capacity Charges i Power Demand & Supply Scenario in Medium Term (FY2017- 18 to FY2021-22) Variable/Energy Charges ii Power Demand & Supply Scenario in Long Term (FY’27, iii Tariff of long term PPAs (FY’22 - FY’37) FY’32 & FY’37) iii Chapter Summary iv Chapter Summary

UP power minister orders special audit of distribution companies After ordering vigilance inquiry into tenders for various transmission and power distribution projects, the UP Power minister, Srikant Sharma ordered special audit of finance department of all distribution companies. The orders were given during a review meeting on power purchase by the UP-Power Corporation Limited (UPPCL). Strict action would be initiated in case any anomaly is found in purchase of power supply. The power minister said that the decision was taken after the department received complaints from MLAs, MPs and even local people about the prevailing corruption in the purchase of power. The power minister also emphasized on curtailing power theft to increase the electricity supply, especially in the rural areas. He said that round the clock power supply shall be ensured in villages where line losses are less than 15%. The department, he said, was keen on 100% metering and laying of aerial bunch conductors to eliminate the menace of power theft.

Haryana’s thermal power plants in NCR to be shut if emission norms not met by 2020: EPCA The Supreme Court-mandated Environment Pollution (Prevention and Major structural reforms on cards for sector: Control) Authority said Haryana’s two coal-based power plants in the Power minister national capital region will be shut down if these failed to comply with The power sector is going through troubled times and according to a emission norms by next year. The two thermal power plants are in recent RBI report, the total debt burden of India’s states is expected to Jhajjar and Panipat. The Ministry of Environment, Forests and Climate touch Rs 52.52 lakh crore by the end of 2020 fiscal, an 11.5% rise from Change had come up with new norms in 2015 for coal-based power the previous year. One of the major reasons for this is the indebtedness plants to direct them to cut down on emissions of particulate matter of power distribution companies or DISCOMS. The government is (PM10), Sulphur dioxide (SO2) and oxides of nitrogen. These norms are working on a new scheme for DISCOMS with loss reduction trajectories set to come into force by December this year. According to the Cen- for each state. Power Minister Mr. R.K. Singh told “we are now working tre for Science and Environment estimates, these norms can help cut out a fresh trajectory which will reduces losses to below 15%. This is particulate matter emissions by about 35 per cent, oxides of nitrogen to be done in a time-bound manner. For strengthening of discoms, we emission by about 70 per cent, and SO2 emission by more than 85 had two different schemes – Deendayal Upadhyaya Gram Jyoti Yojana per cent by 2026-27. The earlier deadline for power stations to adhere (DDUGJY) and Integrated Power Development Scheme (IPDS). We will to these guidelines was December 2017. However, these norms were combine these and make provisions for providing money to states to not complied with by 440 power plants that were to be retrofitted enable them for taking action to reduce the losses. We’ll also provide with modern flue-gas desulfurization (FGD) units for lowering emission money to states for filling the infrastructural gap required for 24x7 intensity, according to reports. power supply.”

44 Infraline.com | December 2019 REC gets nod for sale of arms to Adani Transmission, Power Grid REC Ltd got approval from its board for sale and transfer of its three step- down subsidiaries -- Rampur Sambhal Transco Ltd, Lakadia Banaskantha Transco Ltd and Jam Khambaliya Transco Ltd--to Power Grid Corp of India Ltd and Adani Transmissions Ltd. While Rampur Sambhal Transco will be sold to Power Grid, Adani Transmission will take over Lakadia Banaskan- tha Transco and Jam Khambaliya Transco. The acquisitions have been made for an undisclosed amount. Both Power Grid and Adani Transmission were chosen as successful bidders, selected through a tariff-based competitive bidding process. Rampur Sambhal Transco, Lakadia Banaskantha Transco and Jam Khambaliya are all project-specific special purpose vehicles incorporated by REC Transmission Projects Co Ltd, a subsidiary of REC.

Power generation falls 3.4 percent in September Electricity generation during September declined 3.4% year-on- year on account of a 10.0% fall in thermal generation. All-India IEX eyes new tech-based opportunities for next level energy demand and supply also decreased by 1.5% year-on-year of efficiency and 1.4% year-on-year in September 2019, respectively, resulting in a decrease in energy deficit to 0.6% (September 2018: Indian Energy Exchange (IEX) looks to tap into emerging tech- 0.7%). Energy demand was lower due to extended monsoon and based opportunities like smart power procurement, analytics, decrease in demand from industrial states such as Maharashtra new product development, demand forecasting and use of (down 16.2% year-on-year), Gujarat (down 16.6% year-on-year) blockchain and artificial intelligence (AI). By leveraging tech- and Tamil Nadu (down 5.9% year-on-year). On the supply side, the nology, IEX aims to scale the next level of optimization and ef- thermal sector witnessed a decrease in power generation to 78.6 ficiency in operations. IEX is the biggest player in spot energy billion units (September 2018: 87.4BUs) on account of lower de- trading with a share of 97 per cent. The energy exchange boasts mand and coal shortages at power plants. All-India thermal plant of participation of over 6,500 players, added up by industries, load factor – capacity utilization, fell to 51.1% in September 2019 electricity distribution companies (discoms), thermal power gen- (September 2018: 59.8%) as central, state and private sector ca- erators, renewable energy generators and obligated entities. IEX pacity utilization decreased to 57.8% (69.1%), 43.2% (55.2%) recorded a compounded annual growth rate (CAGR) of 16.5 and 52.3% (56.1%), respectively. All-India capacity utilization at per cent in the volume of electricity transactions between FY15 power plants is lowest since April 2015 whereas the decline in and FY19. To deepen its presence in power trading market, IEX central sector capacity utilization to 58% is substantial compared intends to maximize the participation of discoms and open ac- to an average capacity utilization of 72% over FY16-FY19. Over- cess volume, introduce long-duration contracts from one to 365 all, generation was aided by a 19.1% year-on-year increase in hy- days and tap cross-border trade with Nepal, Bhutan, Bangladesh dro generation to 20.8 billion units. and Myanmar.

Infraline.com | December 2019 45 power // NEWS // World

UK regulator looks to cut costs of new Hinkley Point grid link

British energy market regulator said it would grant National Grid 637 million pounds ($803.38 million) to build the transmission link for the Hinkley Point C nuclear plant, lower than the company’s initial request for 717 million pounds. Ofgem said consumers will save money under its plans to reduce National Grid Electricity Transmission’s (NGET) funding request to connect the new Hinkley Point C nuclear reactor to the grid. The regulator’s move comes after EDF said last month that its Hinkley Point C nuclear plant could cost up to 2.9 billion pounds, more than its last estimate and face further delays. Britain needs to invest in new capacity to replace its aging coal and nuclear plants due for closure in the 2020s. Once complete, Hinkley C is expected to provide around 7% of the country’s electricity. EDF said Hinkley Point C was estimated to cost 21.5-22.5 billion pounds. EDF initially promised Hinkley C would be powering ovens to cook Britons’ Christmas dinners in 2017 and was originally predicted to cost 18 billion pounds. The 3.2 gigawatt plant, which EDF is building with China General Nuclear Power Corp, is now expected to begin generation at the end of 2025.

Ghana loses $190 million U.S. grant over canceled power contract The United States has canceled $190 million in grants to Ghana under the “Power Africa” initiative in response to the Ghanaian government’s termination of a contract with a private utility provider. The Millennium UAE maintains first place for ‘Getting Electricity’ in Challenge Corporation (MCC), a U.S. government foreign assistance World Bank report agency, agreed in 2014 to provide $498 million in funding to Ghana’s The UAE, represented by Dubai Electricity & Water Authority (DEWA), power sector to help stimulate further private investment. The financ- has maintained its first global ranking for the third consecutive year ing was the largest by the United States under Power Africa, which was with scores of 100% in all ‘Getting Electricity’ indicators in the World launched in 2013 by the then president Barack Obama, aiming to bring Bank’s Doing Business 2020 report. This includes achieving 100% in electricity to tens of millions of households in Africa. One reform under the procedures required to obtain an electricity connection and making the agreement involved handing over operations at state-run Electricity it easier for customers. DEWA also achieved 100% in the time needed Company of Ghana (ECG) in March to Ghana Power Distribution Ser- to complete each procedure. More widely the report measures the vices (PDS), a consortium led by Philippine electricity company Meralco ease of doing business in 190 economies around the world. Over the (MER.PS). But, Ghana’s finance minister informed U.S. officials that the past few years, DEWA achieved very competitive results in its global government was cancelling the 20-year concession it had signed with benchmarking, surpassing major European and American utilities. It PDS, saying payment guarantees provided were not satisfactory. In a reduced losses from electricity transmission and distribution networks statement, the U.S. embassy said that the decision to terminate the to 3.3%, compared to 6-7% in the US and Europe; and water network contract was unjustified and that the MCC was therefore cancelling losses reducing to 6.5% compared to 15% in North America, which is $190 million in grants. one of the best results in the world.

46 Infraline.com | December 2019 DOE awards nearly $25M for innovative hydropower projects The U.S. Department of Energy (DOE) awarded $24.9 million to four projects that will increase the ability of hydropower to serve as a flexible grid resource. The projects were in four areas — hydropower operational flexibility, low-head hydropower, and in-stream hydrokinetic technologies, ad- vancing wave energy device design, and marine energy centers research infrastructure upgrades. Hydropower is a valuable national resource, and these technologies will make it an even more competitive clean energy option to invest in the Blue Economy,” DOE Under Secretary of Energy Mark Menezes said. “These awards are another example of this Administration reaffirming its commitment to an ‘all-of-the-above’ energy policy to the benefit of the entire nation.” The awards in the area of hydropower operational flexibility went to Electric Power Research Institute, General Electric, the University of California, Irvine, and Stevens Institute of Technology. The projects here will quantify the flexible capabilities of hydropower and advance operational strategies for increasing the flexibility so that the grid can be served better.

Egypt to export electricity to Sudan in 2020 Russia signed up to help Ethiopia Egypt will start exporting electricity at a capacity of 300 megawatts start its first nuclear plant by 2029 to Sudan during the first quarter of 2020 through an electrical link project across the two countries. Sources revealed that Egypt has Russia and Ethiopia have agreed to cooperate on a programme completed all the technical procedures for the project. As part intended to give Addis Ababa the ability to begin work on a nuclear of the linkage project, Egypt will soon complete the 220 Kilo- power station within 10 years. The framework agreement was signed by volt-amp (Kva) power transmission line running from the Owainat Rosatom and Ethiopia’s Ministry of Innovation and Technology during power station to Balat station in the New Valley governorate. The the Russia-Africa Economic Forum in Sochi. The Russians will help sources added that the Egyptian Electricity Transmission Company develop the foundations for an Ethiopian nuclear industry, including (EETC) officials are following up on the developments of the proj- the writing of safety regulations and establishing storage facilities ect with Sudan and finishing tasks and requirements for transmit- for nuclear fuel and waste. The two sides will set up a committee ting electricity from Egypt to Sudan, as part of a follow-up by the to plan a list of projects, the center piece of which will be a 3GW global German company Siemens. The sources pointed out that nuclear plant. It will, however, include reactors to create radioactive Egypt installed 100-km lines from Egypt to Arqin across the Arqin isotopes for medical, agriculture and research purposes. Rosatom said sea crossing and has agreed on the production capacity, the vol- in a press release that the agreement would “serve as a springboard ume of power from Egypt to Sudan and the overdue charges and for active dialogue between the two countries” and would create “a the methods of payment. Trade volume between the two coun- legal framework for cooperation in a wide range of sectors and for the tries reached around US$364 million during the first eight months implementation of selected joint projects”. The agreement may also of 2019, including Egyptian exports valued at $222 million and lead “in the long term” to the construction of an Ethiopian Centre for Sudanese exports valued at $142 million. Nuclear Science and Technology. An agreement on this was reached in April this year.

Infraline.com | December 2019 47 power // Tenders

power & Coal Tenders

Published Issuer Tender Close Open Value Tender Corr- Corr- Corr- Name Industry Ownership State igendum Published Closed Date Name Date Date (Rs. Crore) Info Status Date Date

“ Bids were invited for supply, Distribution installation, testing & commis- Indian Oil works under sioning (SITC) of HT substation, 14-11-2019 09-12-2019 10-12-2019 Power Central Andhra Tender 09-10-2019 16-10-2019 Corpn. Ltd. RAPDRP Part-B Distribution 23.88 Government Pradesh LT switchgears, cabling, Extended in Srinagar Town lighting, earthing & allied works (Package-III) at Visakhapatnam Terminal in Andhra Pradesh.“

“ Bids were invited for Design, design, engineering, engineering, manufacture, fabrication, erection, testing testing at manufacture works, & commission- transportation to site, insur- Himachal ing of LILO of ance, loading and unloading, 14-11-2019 Pradesh Power 30-12-2019 30-12-2019 Power - State Himachal storage, erection, testing & Tender 09-10-2019 16-10-2019 Transmission 132 kV D/C TL Distribution Government Pradesh commissioning of LILO of 132 Extended Corpn. Ltd. Kurthala-Bathri kV D/C transmission line (TL) at proposed Kurthala-Bathri at proposed 33/132/220 33/132/220 kV Mazra GIS kV Mazra GIS substation at Pukhari in substation Chamba district of Himachal Pradesh on turnkey basis.“

Arranging LT line “ Bdis were invited for ar- Chamundesh- strengthening & ranging LT line strengthening 10-11-2019 wari Electricity load balancing 10-12-2019 12-12-2019 Power 2.33 State Karnataka & load balancing of distribu- - - - Supply Corpn. of distribution Distribution Government tion transformers in Hunsur Ltd. transformers in taluka of Mysuru district of Hunsur taluka Karnataka.“

Drawing of optical ground “ Bids were invited for wire cables on drawing of optical ground - - - Energy & existing 132 kV wire cables on existing 132 11-11-2019 Power 09-12-2019 11-12-2019 Power State Sikkim & 66 kV trans- Distribution 17.21 Government kV & 66 kV transmission Department, mission lines lines & integration of leftover Sikkim with state load substations with state load dispatch centre, dispatch centre, Sikkim“ Sikkim

48 Infraline.com | December 2019 Published Issuer Tender Close Open Value Tender Corr- Corr- Corr- Name Industry Ownership State igendum Published Closed Date Name Date Date (Rs. Crore) Info Status Date Date

“ Bids were invited for supply, erection, testing & commissioning of 132/33 kV GIS substation at Manikonda with 2x80 MVA PTR Installation of - - - solar power capacity, making LILO of existing West Bengal 132 kV Shivarampally-Erragadda evacuation line Power 86.31 State 09-11-2019 Power Devp. by extending 09-12-2019 10-12-2019 Distribution Government Telangana SC OH feeder between Loc.80 Corpn. Ltd. 220 kV bus at & 81 with 132 kV XLPE DC UG Sagardighi TPP cable of 1200 Sq.mm (2.5 km) to the Proposed 132/33 kV GIS substation Manikonda in Ranga Reddy district of Telangana on turnkey basis.“

Supply, erection, testing & commissioning Transmission “ Bids were invited for installation of 132/33 kV Power 14.16 State West of solar power evacuation line by - - - 08-11-2019 Corpn. of GIS substation at 18-12-2019 20-12-2019 Distribution Government Bengal extending 220 kV bus at Sagar- Telangana Ltd. Manikonda with dighi TPP in West Bengal.“ 2x80 MVA PTR capacity

Shifting/modification of elec- “ Bids were invited for shifting/ trical utilities of modification of electrical utilities of National 33 kV, 11 kV, LT 33 kV, 11 kV, LT lines, transformers - - - Capital Region lines infringing Power 12 Central Multi etc. of PVVNL infringing Delhi-Gha- 05-11-2019 Transport Delhi-Ghazia- 09-12-2019 10-12-2019 Distribution Government States ziabad-Meerut RRTS corridor (Ch Corpn. Ltd. bad-Meerut 75700 to 82800) [Meerut bypass RRTS corridor (near Modipuram flyover) to (Ch 75700 to Modipuram depot, Meerut]“ 82800)

Shifting/modification of electrical utilities of “ Bids were invited for shifting/ modification of electrical utilities 33 kV, 11 kV, LT - - - National lines infringing of 33 kV, 11 kV, LT lines, trans- Capital Region Power Central Multi formers etc. of PVVNL infringing 05-11-2019 Delhi -Ghazia- 09-12-2019 10-12-2019 13.6 Transport bad-Meerut Distribution Government States Delhi -Ghaziabad-Meerut RRTS Corpn. Ltd. RRTS corridor corridor of NCRTC (Ch 54000 to (Ch 54000 to 64500) [Mohiuddinpur (Modi- 64500) nagar)-Shatabdi Nagar].“

Supply & construction of “ Bids were invited for supply of 2 nos. 400 kV material & construction of 2 nos. 400 kV feeder bays with installa- feeder bays with - - - M P Power installation of tion of 2x80 MVAR 400 kV line Transmission Power - State Madhya 06-11-2019 2x80 MVAR 400 10-12-2019 10-12-2019 Distribution Government Pradesh reactors, 4 nos. 220 kV & 6 nos. Co. Ltd. kV line at the ex- 132 kV feeder bays at the existing isting substation substation in Madhya Pradesh in Madhya under intra-state transmission Pradesh projects.“

Construction of 220 kV line bay “ Bids were invited for construction REC Transmis- at existing GIS of 220 kV line bay at existing GIS Power Central Jammu & substation for strengthening of 07-11-2019 sion Projects substation for 09-12-2019 - - - - Co. Ltd. strengthening - Distribution Government Kashmir transmission system at Drass in of transmission Kargil district of Jammu & Kashmir system at Drass under PMDP-2015“

Construction of 220 kV line bay “ Bids were invited for construction REC Transmis- at existing GIS of 220 kV line bay at existing GIS Power Central Jammu & substation for strengthening of 07-11-2019 sion Projects substation for 09-12-2019 - - - Co. Ltd. strengthening of - Distribution - Government Kashmir transmission system at Phyang in transmission sys- Leh district of Jammu & Kashmir tem at Phyang under PMDP-2015“

Infraline.com | December 2019 49 power // Tenders

Published Issuer Tender Close Open Value Tender Corr- Corr- Corr- Name Industry Ownership State igendum Published Closed Date Name Date Date (Rs. Crore) Info Status Date Date

Construction of 220/33 kV GIS “ Bids were invited for construction REC Transmis- substation for of 220/33 kV GIS substation for - - - Power Central Jammu & strengthening of transmission 07-11-2019 sion Projects strengthening 09-12-2019 - Co. Ltd. of transmission Distribution - Government Kashmir system at Padum (Zanskar) in system at Padum Kargil district of Jammu & Kashmir (Zanskar) under PMDP-2015“

Construction of 220/33 kV GIS “ Bids were invited for construction REC Transmis- substation for of 220/33 kV GIS substation for - - - 07-11-2019 09-12-2019 Power Central Jammu & strengthening of transmission sion Projects strengthening - - Co. Ltd. of transmission Distribution Government Kashmir system at Diskit (Nubra) in Leh system at Diskit district of Jammu & Kashmir under (Nubra) PMDP-2015“

Preventive “ Bids were invited for preventive & routine & routine breakdown maintenance Jharkhand Bijli breakdown of 33/11 kV PSS & 33 kV lines at maintenance of Power State Electric Supply Circle, Ramgarh in - - - 26-10-2019 Vitran Nigam 16-12-2019 18-12-2019 - Jharkhand Ltd. 33/11 kV PSS & Distribution Government Hazaribagh district of Jharkhand 33 kV lines at under electric supply area, Haz- Electric Supply aribag for 3 years on contractual Circle, Ramgarh basis.“

Preventive & routine “ Bids were invited for preventive breakdown, pro- & routine breakdown, providing, viding, handling, handling, installation, maintenance Jharkhand Bijli installation, - of 33/11 kV PSS & 33 kV lines at - - - 26-10-2019 Vitran Nigam 13-12-2019 16-12-2019 Power State Jharkhand Electric Supply Circle, Chaibasa for maintenance of Distribution Government Ltd. 33/11 kV PSS & 3 years on contractual basis 33 kV lines at in Paschim Singhbhum district of Electric Supply Jharkhand under electric supply Circle, Chaibasa area, Jamshedpur.“

Preventive & routine break- “ Bids were invited for preventive down mainte- & routine breakdown maintenance Jharkhand Bijli nance of 33/11 of 33/11 kV PSS & 33 kV lines at - - - Vitran Nigam 13-12-2019 16-12-2019 Power State Electric Supply Circle in Hazaribag 26-10-2019 kV PSS & 33 kV Distribution - Government Jharkhand Ltd. lines at Electric district of Jharkhand on contractual Supply Circle in basis under electric supply area, Hazaribag Hazaribag for 3 years.“

Preventive & routine breakdown, pro- “ Bids were invited for preventive - - - viding, handling, & routine breakdown, providing, Jharkhand Bijli installation, - handling, installation, maintenance Power State of 33/11 kV PSS & 33 kV lines at 26-10-2019 Vitran Nigam maintenance 13-12-2019 16-12-2019 Jharkhand Ltd. of 33/11 kV Distribution Government Electric Supply Circle, Jamshedpur PSS & 33 kV for 3 years on contractual basis lines at Electric in Purbi Singhbhum district of Supply Circle, Jharkhand.“ Jamshedpur

Preventive & routine break- “ Bids were invited for preventive down providing, & routine breakdown providing, - - - Jharkhand Bijli installation, handling, repair, installation, maintenance Power - State maintenance of 33/11 kV PSS & 27-10-2019 Vitran Nigam 11-12-2019 13-12-2019 Jharkhand Ltd. of 33/11 kV Distribution Government 33 kV lines at Electric Supply Circle PSS & 33 kV in Sahibganj district of Jharkhand lines at Electric on contractual basis under electric Supply Circle in supply area, Dumka.“ Sahibganj

Preventive & routine break- “ Bids were invited for preventive down providing, & routine breakdown providing, - - - handling, repair, installation, Jharkhand Bijli installation, - 27-10-2019 Vitran Nigam maintenance of 11-12-2019 13-12-2019 Power State Jharkhand maintenance of 33/11 kV PSS & Ltd. 33/11 kV PSS & Distribution Government 33 kV lines at Electric Supply Circle 33 kV lines at in Dumka district of Jharkhand on Electric Supply contractual basis under electric Circle in Dumka supply area, Dumka.“

50 Infraline.com | December 2019 Published Issuer Tender Close Open Value Tender Corr- Corr- Corr- Name Industry Ownership State igendum Published Closed Date Name Date Date (Rs. Crore) Info Status Date Date

Preventive & “ Bids were invited for preventive routine break- & routine breakdown providing, - - - down providing, handling, repair, installation, Jharkhand Bijli installation, 27-10-2019 11-12-2019 13-12-2019 Power - State Jharkhand maintenance of 33/11 kV PSS & Vitran Nigam maintenance of Distribution Government 33 kV lines at Electric Supply Circle Ltd. 33/11 kV PSS & in Dumka district of Jharkhand on 33 kV lines at contractual basis under electric Electric Supply supply area, Dumka.“ Circle in Dumka

Revamping of 11 “ Bids were invited for revamping kV HT electrical of 11 kV HT electrical distribution - - - 30-10-2019 Paradip Port distribution 09-12-2019 11-12-2019 Power Central Odisha Distribution 4.-3 Government systems at different locations of Trust systems at differ- Paradip in Jagatsingpur district of ent locations of Odisha.“ Paradip

Preventive & “ Bids were invited for preventive routine break- & routine breakdown providing, down providing, handling, repair, installation, - - - Jharkhand Bijli installation of 11 maintenance of 11 kV lines, 11/0.4 27-10-2019 11-12-2019 13-12-2019 Power State Jharkhand Vitran Nigam kV lines, 11/0.4 Distribution 4.-3 Government kV DSS, LT lines & disposal of fuse Ltd. kV DSS, LT lines calls at Electric Supply division in at Electric Supply Pakur (Pakaur) district of Jharkhand division in Pakur on contractual basis under electtric (Pakaur) supply circle & area, Dumka.“

Preventive & routine break- “ Bids were invited for preventive down providing, & routine breakdown providing, - - - installation, handling, repair, installation, Jharkhand Bijli maintenance maintenance of 11 kV lines, 11/0.4 27-10-2019 11-12-2019 13-12-2019 Power State Jharkhand Vitran Nigam of 11 kV lines, Distribution 4.-3 Government kV DSS, LT lines & disposal of fuse Ltd. 11/0.4 kV calls at Electric Supply division in DSS, LT lines at Sahibganj district of Jharkhand on Electric Supply contractual basis under electtric division in supply circle & area, Dumka.“ Sahibganj Preventive & routine break- “ Bids were invited for preventive down providing, & routine breakdown providing, - - - installation, handling, repair, installation, Jharkhand Bijli maintenance maintenance of 11 kV lines, 11/0.4 27-10-2019 11-12-2019 13-12-2019 Power State Jharkhand Vitran Nigam of 11 kV lines, Distribution 4.-3 Government kV DSS, LT lines & disposal of fuse Ltd. 11/0.4 kV calls at Electric Supply division in DSS, LT lines at Jamtara district of Jharkhand on Electric Supply contractual basis under electtric division in supply circle & area, Dumka.“ Jamtara Preventive & routine break- “ Bids were invited for preventive down mainte- & routine breakdown maintenance - - - nance of 11 kV of 11 kV lines, 11/0.4 kV DSS, LT Jharkhand Bijli 27-10-2019 lines, 11/0.4 kV 16-12-2019 18-12-2019 Power State Jharkhand lines & disposal of fuse calls at Vitran Nigam DSS, LT lines & Distribution 4.-3 Government Electric Supply division, Ramgarh Ltd. disposal of fuse in Jharkhand on contractual calls at Electric basis under electtric supply area Supply division, Hazaribag.“ Ramgarh

Preventive & routine break- “ Bids were invited for preventive down mainte- & routine breakdown maintenance - - - nance of 11 kV of 11 kV lines, 11/0.4 kV DSS, LT Jharkhand Bijli 27-10-2019 lines, 11/0.4 kV 16-12-2019 18-12-2019 Power State Jharkhand lines & disposal of fuse calls at Vitran Nigam DSS, LT lines & Distribution 4.-3 Government Electric Supply division, Koderma Ltd. disposal of fuse in Jharkhand on contractual calls at Electric basis under electtric supply area Supply division, Hazaribag.“ Koderma

Preventive & “ Bids were invited for preventive routine break- & routine breakdown maintenance down mainte- - - - Jharkhand Bijli of 33/11 kV PSS & 33 kV lines at 27-10-2019 nance of 33/11 16-12-2019 18-12-2019 Power State Jharkhand Electric Supply Circle in Kodarma Vitran Nigam kV PSS & 33 kV Distribution 4.-3 Government Ltd. district of Jharkhand on contractual lines at Electric basis under electric supply area, Supply Circle in Hazaribagh.“ Kodarma

Infraline.com | December 2019 51 power // Tenders

Published Issuer Tender Close Open Value Tender Corr- Corr- Corr- Name Industry Ownership State igendum Published Closed Date Name Date Date (Rs. Crore) Info Status Date Date

Establishment & “ Bids were invited for establish- comprehensive ment & comprehensive operation - - - O&M of ocean & maintenance of ocean thermal thermal energy Ocean National Insti- - Central Laksha- energy conversion powered desali- 17-10-2019 conversion 27-12-2019 27-12-2019 Energy Based nation plant of 100 m3/day capac- tute of Ocean powered Government dweep Technology Power ity of process equipment such as desalination turbine, tunneling and submarine plant of 100 m3/ HDPE pipe at Kavaratti at Kavaratti day capacity at Island in Lakshadweep.“ Kavaratti Island

Shifting/ modification of “ Bids were invited for shifting/ electrical utilities modification of electrical utilities of National of 33 & 11 kV, LT - 33 & 11 kV, LT lines, transformers Capital Region lines, infringing Power - Central of PVVNL, infringing Delhi-Gha- 05-05-2019 Transport 23-07-2019 Multi States Tender 02-11-2019 09-12-2019 Delhi-Ghazia- Distribution Government ziabad-Meerut RRTS corridor Revised Corpn. Ltd. bad-Meerut (Ch.75700 to 828000) [Meerut RRTS corridor bypa(near Modipuram flyover) to (Ch.75700 to Modipuram Depot, Meerut]“ 828000)

Shifting/ modification of “ Bids were invited for shifting/ electrical utilities modification of electrical utilities of National of 33 & 11 kV, LT - 23-07-2019 - 33 & 11 kV, LT lines, transformers 05-06-2019 Capital Region lines, infringing Power Central Tender 02-11-2019 09-12-2019 Distribution Government Multi States of PVVNL, infringing Delhi-Gha- Transport Delhi-Ghazia- ziabad-Meerut RRTS corridor (Ch.- Revised Corpn. Ltd. bad-Meerut 54000 to 64500) [Mohiuddinpur RRTS corridor (Modinagar)-Shatabdi Nagar]“ (Ch.54000 to 64500)

“ Bids were invited for solar roof Solar roof top PV top PV projects for roof tops of projects for roof Railway Energy Solar based Central offices / station buildings across 03-11-2019 tops of offices / 21-12-2017 - Unallocated zone railways. Note: Revised tender Tender 02-11-2019 09-12-2019 Management station buildings Power Government Co. Ltd. - notice has been issued for this Revised across zone tender notice. Click here for latest railways revised tender notice.“

52 Infraline.com | December 2019 power // top companies

SR No Company Name SR No Company Name

1 NTPC Ltd. 21 BSES Yamuna Power Ltd 2 SJVN Ltd. 22 Adani Transmission Ltd 3 NLC India Ltd 23 Thermax Ltd 4 JSW Energy Ltd. 24 REC Ltd 5 NHPC Ltd. 25 PTC India Ltd 6 Power Grid Corporation India Ltd. 26 KEC International Ltd 7 Tata Power Company Ltd. 27 GE T&D India Ltd 8 CESC Ltd 28 Bharat Heavy Electricals Ltd 9 Torrent Power Ltd 29 BGR Energy Systems Ltd 10 Damodar Valley Corporation 30 Adani Power Ltd 11 India Power Corporation Ltd 31 Adani Enterprises Ltd 12 Schneider Electric India Pvt Ltd 32 Kalpataru Power Transmission Ltd 13 Doosan Power Systems India Pvt Ltd 33 Nuclear Power Corporation of India Ltd 14 CLP India Pvt Ltd 34 Tata Power Trading Company Ltd 15 Arteche Smartgrid India Pvt Ltd 35 NTPC Vidyut Vyapar Nigam Ltd 16 AES India Pvt Ltd 36 Essar Power Ltd 17 Sterlite Power Transmission Ltd 37 Dalmia Bharat Ltd 18 RattanIndia Power Ltd 38 Indian Power Exchange Ltd 19 Jaiprakash Power Ventures Ltd 39 Power Exchange India Ltd 20 Genus Power Infrastructures Ltd 40 NEEPCO

Infraline.com | December 2019 53 power // top companies

SR No Company Name

61 GMR Energy (GMR Group) 62 ABB India Ltd 63 CG Power and Industrial Solutions Limited 64 Shapoorji Pallonji (Power Business) 65 Dans Energy Pvt Ltd 66 Jindal India Thermal Power Ltd 67 Greenko Group 68 OPG Power 69 Manikaran Power Ltd 70 Kreate Global 71 Brihanmumbai Electricity Supply and Transport (BEST) 72 Hartek Group 73 L&T India Ltd 74 Hindustan Power Projects Limited 75 Feedback Infra Private Limited 76 Tata Projects Ltd 77 Jindal Steel & Power Ltd 78 Bajaj Energy Limited SR No Company Name 79 Jaiprakash Associates Limited 80 R.K.M Powergen Pvt Ltd 41 Ind-Barath Power Infra Limited 81 Arunachal Pradesh Power Corporation Private Limited 42 Power Finance Corporation Ltd. 82 Wärtsilä India Private Limited 43 Energy Efficiency Services Limited 83 THDC Ltd 44 Bureau of Energy Efficiency 84 Central Power Research Institute 45 IREDA 85 KVK Energy and Infrastructure Private Limited 46 Indigrid Trust 86 POSOCO 47 Tata Power Delhi Distribution Limited 87 TERI 48 Vedanta Resources Limited 88 Sembcorp Energy India Limited 49 West Bengal Power Development Corporation 89 FICCI 50 ACB (India) Limited 90 Fluentgrid Ltd 51 Uttar Gujarat Vij Company Limited 91 NPCIL 52 Madhya Gujarat Vij Company Limited 92 Eaton Power Quality Private Limited 53 Dakshin Gujarat Vij Company Limited 93 Mercados Energy Markets India Pvt. Ltd. 54 Paschim Gujarat Vij Company Limited 94 ABPS Infrastructure Advisory Private Limited 55 Bangalore Electricity Supply Company Limited 95 Kerala State Electricity Board 56 Mangalore Electricity Supply Company Limited 96 Tamil Nadu Electricity Board 57 Uttarakhand Power Corporation Limited 97 Thermal Powertech Corporation of India Limited 58 DB Power Limited 98 Tata Power Trading Company (P) Ltd. 59 Avantha Power & Infrastructure Limited 99 NTPC Vidyut Vyapar Nigam Ltd 60 KSK Energy Ventures Limited 100 GMR Energy Trading Ltd.

54 Infraline.com | December 2019 power // Sector Statistics

Energy Power Supply Position Report (Provisional) Northern Region Figures in MU Oct-19 State Energy Requirement Energy Supplied Energy not Supplied

Chandigarh 114 114 0 0.0% Delhi 2,469 2,469 0 0.0% Haryana 4,315 4,315 0 0.0% Himachal Pradesh 800 794 6 0.8% Jammu & Kashmir 1,519 1,227 292 19.2% Punjab 4,043 4,043 0 0.0% Rajasthan 6,143 6,143 0 0.0% Uttar Pradesh 9,534 9,379 154 1.6% Uttarakhand 1,028 1,028 0 0.0% Northern Region 29,965 29,512 452 1.5%

Energy Power Supply Position Report (Provisional) Western Region Figures in MU Oct-19 State Energy Requirement Energy Supplied Energy not Supplied

Chhattisgarh 2,422 2,422 0 0.0% Gujarat 529 529 0 0.0% Madhya Pradesh 212 212 0 0.0% Maharashtra 344 344 0 0.0% Daman & Diu 9079 9079 0 0.0% Dadra & Nagar Haveli 5552 5552 0 0.0% Goa 11836 11836 0 0.0% Total Western Region 29,974 29,974 0 0.0%

Energy Power Supply Position Report (Provisional) Southern Region Figures in MU Oct-19 State Energy Requirement Energy Supplied Energy not Supplied

Andhra Pradesh 4,850 4,850 0 0.0% Telangana 4,668 4,668 0 0.0% Karnataka 2,056 2,055 2 0.1% Kerala 4 4 0 0.0% Tamil Nadu 226 226 0 0.0% Puducherry 8193 8193 0 0.0% Lakshadweep 4976 4976 0 0.0% Total Southern Region 24,973 24,972 2 0.0%

Infraline.com | December 2019 55 power // Sector Statistics

Energy Power Supply Position Report (Provisional) Eastern Region Figures in MU Oct-19 State Energy Requirement Energy Supplied Energy not Supplied

Bihar 29 27 2 6.9% DVC 2,627 2,627 0 0.0% Jharkhand 1874 1874 0 0.0% Odisha 704 704 0 0.0% West Bengal 2,448 2,448 0 0.0% Sikkim 42 42 0 0.0% Andaman- Nicobar # 4053 4053 0 0.0% Total Eastern Region 11,777 11,775 2 0.0%

Energy Power Supply Position Report (Provisional) Eastern Region Figures in MU Oct-19 State Energy Requirement Energy Supplied Energy not Supplied

Arunachal Pradesh 57 57 0 0.0% Assam 863 813 51 5.9% Manipur 75 74 0 0.0% Meghalaya 174 174 0 0.0% Mizoram 67 67 0 0.0% Nagaland 65 65 0 0.0% Tripura 135 135 0 0.0% Total North-Eastern 1,436 1,385 51 3.6% Region

“Mode-wise Gross Electricity Generation in India from FY’10 to FY’20 (Till-Sept’19) (in BU) Year Thermal Hydro Nuclear Bhutan Import Total 2009-10 640.5 103.9 18.6 5.4 768.4 2010-11 665 114.3 26.3 5.6 811.1 2011-12 708.8 130.5 32.3 5.3 876.9 2012-13 760.7 113.7 32.9 4.8 912.1 2013-14 792.5 134.8 34.2 5.6 967.2 2014-15 878.3 129.2 36.1 5 1048.7 2015-16 943.8 121.4 37.4 5.2 1107.8 2016-17 994.21 122.3 37.6 5.64 1159.83 2017-18 1036.69 126.23 38.24 4.85 1206.9 2018-19 1072 135 37.7 4.35 1249.2 “2019-20 534.9 95.9 24.0 0.4 659.05 (Till-Sept’19)”

56 Infraline.com | December 2019

power // Sectoral Reports

Inpower – An Infraline’s Monthly Stream Which INPOWER Highlights Information Related To Power Sector And Aims To Provide Insights Of Regulatory And In- POWER SECTOR OUTLOOK dustrial Developments In Power Sector Value Chain.

Infraline.com | December 2019 57 power // Sectoral Reports

Sector Statistics Generation Outlook BU Sep-19 Sep-18 BU Sep-19 Sep-18

90.0 BU Sep-19 Sep-18 90.0 BU78.6 83.4 Sep-19 Sep-18 80.0 78.6 83.4 80.0 90.0 Sector Statistics 70.090.0 78.6 70.0 78.6 83.4 83.4 Production Outlook 60.080.080.0 60.0 50.070.070.0 50.060.060.0 Fuel wise Installed Capacity breakdown 40.0 40.050.050.0 30.0 20.8 18.6 As on Sept’19, installed capacity stood as 363.4 GW compared to 30.0 20.040.040.0 20.8 18.6 344.70 GW in Sept’18. The share of renewable energy has increased 10.0 10.7 20.030.030.0 4.1 10.7 10.0 2.7 20.8 18.620.8 18.61.2 0.9 10.0 by 16.9% on m-o-m basis. The ownership wise share of Installed ca- 4.1 10.020.020.0 2.7 1.2 10.7 0.0 0.9 10.0 10.0 10.7 pacity for Private, State and Central power plants stood as 168.8 GW, 4.1 0.010.0 Thermal Nuclear2.74.1 Hydro Bhutan1.2 0.9 RES 10.0 2.7 1.2 0.9 GW103 GW and 91 GW respectively.Sep-19 Sep-18 0.0 Thermal Nuclear Hydro ImportBhutan RES 0.0 GW Sep-19 Sep-18 Thermal Nuclear Hydro BhutanImport RES Thermal Nuclear Hydro Bhutan RES 250.0 GW Sep-19 Sep-18 Import 196.1 Sep-19 Sep-18 Import 250.0 GW 250.0203.2196.1 196.1 Electricity Generation during Apr-Sept’19 vis-à-vis 200.0250.0203.2 203.2196.1 Apr-Sept’18 200.0 200.0 203.2 Apr-Sept'19 Apr-Sept'18 150.0200.0 Apr-Sept'19 Apr-Sept'18 Apr-Sept'19 Apr-Sept'18 150.0 600.0 534.5 529.6 150.0 Apr-Sept'19 Apr-Sept'18 600.0600.0 534.5 529.6529.6 100.0150.0 82.6 500.0 534.5 70.6 600.0 529.6 100.0 500.0500.0 534.5 100.0 45.4 82.6 82.6 400.0 25.4 45.5 70.670.6 50.0100.0 45.4 45.4 500.0 25.7 82.6 400.0400.0 25.4 25.4 45.5 45.5 70.6 300.0 50.0 50.0 6.8 6.8 45.4 25.7 25.7 300.0300.0400.0 25.4 45.5 200.0 0.0 50.0 6.8 6.86.8 6.8 25.7 96.0 Coal0.0 & Gas & Nuclear Hydro RES 200.0200.0300.0 83.4 78.0 73.3 0.0 6.8 6.8 100.0 96.0 Lignite Coal &Diesel Gas & Nuclear Hydro RES 23.9 19.0 96.0 83.4 78.0 73.3 Coal & Gas & Nuclear Hydro RES 100.0 83.4 4.2 3.8 78.0 73.3 Lignite Diesel 100.0200.0 0.0Lignite Diesel 0.0 23.9 19.0 4.2 3.8 23.9 19.0 96.0 4.2 3.8 Coal & Gas & Nuclear Hydro RES 0.0 Thermal Nuclear Hydro 83.4Bhutan RES78.0 73.3 Lignite Diesel 0.0100.0 BU Thermal Nuclear23.9 19.0Hydro ImportBhutan4.2 3.8RES BU Thermal Nuclear Hydro ImportBhutan RES BU 0.0 Import Thermal Nuclear Hydro Bhutan RES During Sept’19 a total of 1320 MW Capacity is added included Unit-5 BU Import (660 MW) of Tanda TPS and Unit-1 (660 MW) of Khargone STPP. During Apr-Sept’19, share of thermal, hydro & renewable energy resources increased by 0.92%, 15.08% & 6.42% respectively on The retired capacity Unit-6 (500 MW) of Trombay TPS, Unit-15 & 16 (2 Y-o-Y basis. x 30=60 MW) of Sabarmati (C Station) TPP and two units of Rajghat PLF Trend for Coal and Lignite Plants TPS having 67.5 MW capacity. 2018 2019 % % 2018 2019 64.5 64.5 64.02018 2019 65.2 Electricity Generation during Sept’19 vis-à-vis Sept’18 70.0%70.062.2 62.3 64.5 64.5 64.0 65.261.6 62.2 62.3 59.4 61.161.1 61.660.560.5 59.4 56.4 60.0 % 64.5 64.5 64.0 201854.554.5 56.4 201965.2 70.060.062.2 62.3 64.7 61.6 During Sept’19, the overall electricity generation reduced as com- 63.463.4 64.763.263.262.259.4 61.1 60.5 60.560.560.560.5 62.2 56.4 65.2 50.050.070.0 64.5 64.5 64.0 54.5 pared to same month last year by ~1.5%. A decline of ~5.8% and 60.0 62.2 62.3 55.555.5 61.1 61.6 60.5 63.4 64.7 63.2 59.4 60.5 60.5 62.2 51.051.051.151.156.4 ~7% has been observed in Thermal and RES Power Generation in 40.040.060.0 54.5 50.0 64.7 55.5 September month. 63.4 63.2 62.2 30.030.0 60.5 60.5 51.0 51.1 40.0 50.0 55.5 20.0 51.0 51.1 However, a noticeable increase in power generation for Hydro and Nu- 20.030.0 40.0 clear can be seen. 10.010.0 20.0 30.0 0.0 0.0 10.0 20.0Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0.0 10.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 58 Infraline.com | December 2019 0.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Energy Deficit (%) Peak Deficit (%) Region The thermal PLF has reduced to 51.1% in Sept’19. The reduced PLF is However, the peak deficitSepEnergy-19 remains DeficitSep same (%)-18 to 0.8%SepPeak in- 19Sept’19 Deficit Sepas (%) com-18 - Region due to poor PLF of Central Sector Power Plants. paredNorthern to Sept’18 Sep1.5-19 Sep1.2-18 Sep2.1-19 Sep1.3-18 Energy Deficit (%) Peak Deficit (%) NorthernWesternRegion 1.50 1.20.1 2.10 1.30.1 Power Supply Outlook Sep-19 Sep-18 Sep-19 Sep-18 WesternSouthern 0.10 0.10.2 0.10 0.10.2 Supply Outlook: Energy Deficit Northern Energy1.5 Deficit (%)1.2 Peak2.1 D eficit (%) 1.3 SouthernRegionEastern 0.10 0.21.8 0.10 0.20 Western Sep-190 Sep-180.1 Sep-190 Sep-18 0.1 The energy deficit increased to 0.6% in Sept’19 compared to 0.2% NorthernEasternNorth- 1.5 0 1.21.8 2.1 0 1.3 0 Southern 0.16 3.10.2 3.60.1 2.40.2 NorthEastern- last month. The energy deficit stood highest in last one year. Western 0 6 0.13.1 0 3.6 0.12.4 AllEasternEastern India 0.60 0.71.8 0.80 0.80 SouthernNorth- 0.1 0.2 0.1 0.2 1000 0.8 All India 0.66 0.73.1 0.83.6 0.82.4 EasternEastern 0 1.8 0 0 1000900 0.80.7 North-EasternAll India 6 0.6 3.10.7 3.6 0.8 2.4 0.8 900800 0.70.6 8001000700 0.8 All India 0.6 0.7 0.8 0.8 0.60.5 700600900 0.7 500800 0.50.4 600 0.6 500400700 0.40.3 0.5 Transmission Outlook 400300600 0.30.2 Capacity Addition during Sept’19 300200500 0.4 0.20.1 200100400 0.3 3000 0.10 The capacity addition of transmission line has increased considerably 100 0.2 2000 0 for all EHV lines on Y-o-Y basis. The State sector has contributed to 100 0.1 Jul-18 Jul-19 Jan-19

Jun-18 Jun-19 around 87% of the total capacity added (i.e. 766 Ckms). The major Oct-18 Apr-19 Feb-19 Sep-18 Sep-19 Mar-19 Dec-18 Aug-18 Aug-19 0 Nov-18 May-19 0 Jul-18 Jul-19 Jan-19 Jun-18 Jun-19 Oct-18 Apr-19 Feb-19 Sep-18 Sep-19 Mar-19 Dec-18 transmission lines added by State sector are: Aug-18 Aug-19 Nov-18 May-19 MU Energy Deficit % Deficit % Sattenapalli – Guntur Jul-18 Jul-19 Jan-19 Jun-18 Jun-19 Oct-18 Apr-19 Feb-19

MU Sep-18 Sep-19 Mar-19 Energy DeficitDec-18 % Deficit % Aug-18 Aug-19 Nov-18 May-19 . Partapur (Jagriti Vihar) – Hapur . MU Energy Deficit % Deficit % . Badnera - Ner line Supply Outlook: Peak Deficit Ckms 765 400 220 Ckms 765 400 220 The peak deficit remains same in Sept’19 at 0.8% as compared to 1200 Ckms 765 400 220 the same month last year. The scenario has improved primarily in SR 1200 967 1000 and WR region. Notably during Sept’18, peak deficit was 0.2% in 967 10001200 793 SR, it has dropped to 0.1% in Sept’19. 800 967 793 8001000 600 793 3500 1.8 600800 1.6 400 340 35003000 1.8 277 600 340 3000 1.61.4 400 25003500 1.8 149 277 1.41.2 200 2500 1.6 400 340 149 20003000 1.21 200 277 2000 1.4 0 15002500 10.8 149 1.2 2000 Sept'18 Sept'19 1500 0.80.6 10002000 1 Sept'18 Sept'19 0.60.4 0 1000500 0.8 1500 0.40.2 Sept'18 Sept'19 500 0.6 10000 0.20 0.4 0 0 500 0.2 Jul-18 Jul-19 Jan-19 Jun-18 Jun-19 Oct-18 Apr-19

Feb-19 Capacity Addition during Apr-Sept’19 Sep-18 Sep-19 Mar-19 Dec-18 Aug-18 Aug-19 May-19 0 Nov-18 0 Jul-18 Jul-19 Jan-19 Jun-18 Jun-19 Oct-18 Apr-19 Feb-19 Sep-18 Sep-19 Mar-19 Dec-18 Aug-18 Aug-19 May-19 Nov-18 % MU Peak Deficit % Deficit During Apr-Sept’19, the capacity addition of transmission lines has de- Jul-18 Jul-19

Jan-19 % Jun-18 Jun-19 Oct-18 Apr-19

Feb-19 Sep-18 Sep-19 Mar-19 Peak DeficitDec-18 % Deficit Aug-18 Aug-19 May-19 MU Nov-18 creased on Y-o-Y basis due to sluggish network development during % first quarter of FY 2019. Region-wiseMU Power SupplyPeak Deficit Outlook % Deficit

The North-Eastern region has seen highest energy deficit of 6% The capacity added by state and private sector during Sept’19 is 670 during Sept’19. Ckms and 96 Ckms.

Infraline.com | December 2019 59

4500 765 400 220

4000 4077 4120 3500 MU Power Exchange Prices vs Demand INR/ kWh 3000 0 4.00 Mar Apr May Jun Jul Aug Sep Oct 2500 3.50 2561 -1000 3.00 2000 -2000 2.50 1500 1735 1694 -3000 2.00 1000 -4000 1048 1.50 500 -5000 1.00

0 -6000 0.50 CkmspowerApr-Sept'18// Sectoral Reports Apr-Sept'19 -7000 0.00

Volume difference b/w Buy & Sell Bid Price

The volume difference of 5848 MU between Buy & Sell bid quantum 4500 765 400 220 during Oct’19 and price of INR/kWh 2.71. 4000 Top 5 Buyers in IEX during October 4077 4120 3500Name of Transmission Executing Volt. Sector Ckm MaharashtraMU withPower 418 Exchange MU firmed Prices amongst vs Demand the top buyersINR/ in Lines Agency kWh 3000 IEX during Oct’19 followed by Gujarat, Tamilnadu, Delhi and 0 4.00 Mar Apr May Jun Jul Aug Sep Oct 765 Bhadla - Bikaner line Central PGCIL 340 Bihar respectively. 2500 3.50 2561 -1000 Edamon (KSEB)- 2000 3.00 400 Muvatupuzha (PG) Quad) line Central PGCIL 149 -2000 (1st Ckt.) MU 2.50 1500 1735 1694 -3000 220 Sattenapalli-Guntur State APTRANSC 96 450 418 2.00 1000 -4000 Partapur (Jagriti Vihar) - 1048 1.50 220 State UPPTCL 53 400 500Hapur -5000 1.00 220 Badnera - Ner line State MSETCL 43 350 312 0 -6000 302 0.50 Ckms Apr-Sept'18 Apr-Sept'19 300 LILO of Nanur- 259 -7000 0.00 220 Regumanugada line State APTRANSC 35 231 220/11kV Brahmanakokur s/s 250 Major Transmission Lines Commissioned during Sept’19 Volume difference b/w Buy & Sell Bid Price 200 During Sept’19, State sector dominated to transmission lines infrastructure addition of total 670 Ckms. 150 100 Volt. Name of Transmission Lines Sector Executing Ckm Agency 50 765 Bhadla - Bikaner line Central PGCIL 340 0 Name of Transmission Executing Volt. Sector Ckm Maharashtra Gujarat Tamilnadu Delhi Bihar 400 EdamonLines (KSEB)-Muvatupu- Central PGCILAgency 149 zha (PG) Quad) line (1st Ckt.) 220765 Sattenapalli-GunturBhadla - Bikaner line StateCentral APTRANSCPGCIL 96340 Top 5 Sellers in IEX during October Edamon (KSEB)- 220400 PartapurMuvatupuzha (Jagriti (PG) Vihar) Quad) line StateCentral UPPTCLPGCIL 53149 Madhya Pradesh with 500 MU topped the list among top sellers in - Hapur (1st Ckt.) IEX MUduring Oct’19. It was followed by Teesta Urja Stage 3 HEP, Karna- 220 Badnera - Ner line State MSETCL 43 220 Sattenapalli-Guntur State APTRANSC 96 taka,450 Sembcorp418 Gayatri TPP, Himachal Pradesh respectively. 220 LILOPartapur of Nanur-Reguma (Jagriti Vihar) -- State APTRANSC 35 220 State UPPTCL 53 400 nugadaHapur line 220/11kV 220 BrahmanakokurBadnera - Ner line s/s State MSETCL 43 350 312 600 302 300 The major transmissionLILO of Nanur line- between Bhadla - Bikaner line of 340 Ckms 500 259 220 Regumanugada line State APTRANSC 35 500 231 is constructed220/11kV by PGCIL. Brahmanakokur s/s 250 416

4500 765 400 220 Power Market Outlook 200400 Power Exchange Prices vs Demand 315 4000 150 4077 4120 300 100 235 3500 MU Power Exchange Prices vs Demand INR/ 177 kWh 20050 3000 0 4.00 Mar Apr May Jun Jul Aug Sep Oct 0 2500 3.50 100 2561 -1000 Maharashtra Gujarat Tamilnadu Delhi Bihar 3.00 2000 -2000 0 2.50 Madhya TEESTA Karnataka Sembcorp Himachal 1500 1735 MU 1694 -3000 Pradesh URJA Stage Gayatri TPP Pradesh 2.00 3 HEP 1000 -4000 1048 1.50 500 -5000 1.00

0 -6000 0.50 IEX Monthly Prices Ckms Apr-Sept'18 Apr-Sept'19 -7000 0.00 The prices at IEX remained slightly low as compared to the last

Volume difference b/w Buy & Sell Bid Price month where average price during Oct’19 remained at INR/kWh 2.71 compared to INR/kWh 2.77 during Sept’19.

60 Infraline.com | December 2019 8.00 Average Peak Non Peak 7.00 6.00 Name of Transmission Executing Volt. Sector Ckm Lines Agency 5.00

765 Bhadla - Bikaner line Central PGCIL 340 4.00

Edamon (KSEB)- 3.00 400 Muvatupuzha (PG) Quad) line Central PGCIL 149 (1st Ckt.) MU 2.00

220 Sattenapalli-Guntur State APTRANSC 96 450 418 1.00 Partapur (Jagriti Vihar) - 220 State UPPTCL 53 400 0.00 Hapur INR/ 220 Badnera - Ner line State MSETCL 43 350 312 302 kWh Jul-19 Jan-19 Jun-19 Oct-18 Oct-19 Apr-19 Feb-19 Sep-19 Mar-19 300 Dec-18

LILO of Nanur- Aug-19 May-19 259 Nov-18 220 Regumanugada line State APTRANSC 35 231 220/11kV Brahmanakokur s/s 250 200

150

100

0 Maharashtra Gujarat Tamilnadu Delhi Bihar

600 500 500 416 400 315 300 235 177 200

100

0 Madhya TEESTA Karnataka Sembcorp Himachal MU Pradesh URJA Stage Gayatri TPP Pradesh 3 HEP

Grid Disturbance. It will be called as “Schedule for period of Grid Dis- 8.00 Average Peak Non Peak turbance”. It shall be only for purpose of settlement of accounts during 7.00 period of Grid Disturbance. 6.00 5.00 The schedule will be made by modifying original schedule of ISGS till the revised schedule becomes equal to the actual injection. This will be 4.00 done based on priority sequence: 3.00 2.00 ..Bilateral short-term 1.00 ..Collective transactions 0.00 ..MTOA INR/ . STOA kWh

Jul-19 . Schedules among more than one transaction under bilateral short-term Jan-19 Jun-19 Oct-18 Oct-19 Apr-19 Feb-19 Sep-19 Mar-19 Dec-18 Aug-19 May-19 Nov-18 injections shall be revised on pro rata basis. Similarly, the schedule on more than one Exchange shall be revised on pro rata basis. However, due to increase in demand by states the peak price declined to INR/kWh 3.49 during Oct’19 as compared to INR/kWh 3.52 >>Settlement of revised schedule for Bilateral short-term during Sept’19. For settlement of ISGS, a DSM account to be issued for “Schedule for period of Grid Disturbance”. While for other entities DSM accounts to be issued based on the original schedule. Wherever, the schedule of ISGS revises from its original schedule, the excess amount received Regulatory & Policy Update from corresponding buyer for the original schedule shall be reimbursed to DSM pool at the rate of contract. Methodology of settlement of accounts for bilateral short term and collective transactions, for the period of >>Settlement of revised schedule for Collective transactions Grid Disturbance A DSM account shall be issued based on the original schedule. Where Central Electricity Regulatory Commission (CERC) has approved the the amount received for corresponding transaction through Power Ex- methodology of settlement of accounts for Bilateral Short Term and change for the original schedule in excess of schedule for period of Collective Transactions on 9th October 2019. The objective of meth- Grid Disturbance shall be reimbursed to DSM Pool account at Area odology formulated by NPC is to lay down norms for settlement of Clearing Price provided by Power Exchange for time blocks affected by accounts for the period of grid disturbance for Bilateral Short-Term and grid disturbance. Collective Transactions. The methodology is applicable on Inter-state Generating Station (ISGS) which gets affected by any category of grid The RPC shall issue the account and intimate ISGS as to the amount disturbance. In case where an ISGS is under the control area of SLDC, payable/ receivable by ISGS to DSM pool account which shall be settled the concerned SLDC will undertake the settlement of accounts. by RLDC/ ISGS within 15 days of such intimation.

This methodology has been envisaged under Indian Electricity Grid Methodology introduced for Compilation of Coal Price Index Code. The Commission vide second amendment to the Grid Code for Power Sector amended Regulation 6.5.17 states that in case of grid disturbance, CERC has introduced methodology for Compilation of Coal Price Index scheduled generation of all ISGS shall be deemed to be revised to be applicable for Power Sector in its order dated 18th October 2019. This equal to their actual generation and scheduled drawls of all benefi- will help in calculating the escalation rate for domestic coal applica- ciaries shall be deemed to have been revised accordingly for all time ble for the period from October 2019 to March 2020. CERC notifies blocks. various escalation rates in every six months as per guidelines for de- termination of tariff by bidding process for procurement of power by Further as per the second amendment, RLDC shall be concerned about distribution licensees. declaration of disturbances and circulation of public notifications on website. For Bilateral short term and collective transactions, the meth- So far as per the existing methodology, Wholesale Price Index (WPI) odology of settlement of accounts for the period of Grid Disturbance for non-coking coal (G7-G14) is being used for computing the escala- shall be formulated by National Power Committee (NPC) and same tion rate for domestic coal since April 2017. While compiling the WPI shall be put up to the Commission for approval. for Non-coking Coal, Office of the Economic Adviser (OEA) considers the average price of Non-Coking Coal applicable for power sector and The key highlights of methodology are given as follows: other than power sector. >> Separate schedule for Grid Disturbance period A schedule shall be made in case of under injection by ISGS due to The argument of the stakeholders is that increase in price of Non-cok-

Infraline.com | December 2019 61 power // Sectoral Reports

ing coal applicable for power sector is different from the increase in curement of power by distribution licensees through competitive bid- price of Non-coking coal applicable for other than power sector. Anoth- ding. The commission shall update coal price index from time to time. er argument points that significant variation in the price of Non-coking coal applicable for power sector and other than power sector. There- DERC issues draft procedure for verification of Captive Gen- fore, WPI based on average price is not reflective of actual increase in erating Plant (CGP) status the price of non-coking coal applicable for power sector. Delhi Electricity Regulatory Commission (DERC) has issued draft procedure for verification of Captive Generating Plant (CGP) status in ac- With due considerations from OEA and Ministry of Commerce & In- cordance to requirements in Rule 3 of the Electricity Rules, 2005. The dustry, CERC sought for compilation of WPI for Non-coking coal for procedure is applicable to all power plants functioning as CGP in state exclusive use of Power Sector. However, the OEA denied the same by and captive users. mentioning that compilation of WPI for any sector is not possible. But, The need was felt to bring this procedure in action as DERC persistent- OEA suggested that CERC may develop its own index keeping in mind ly received representations from open access (OA) consumers in the the specific needs of the power sector. matter of existing Bank Guarantee (BG)/ Letter of Credit (LC)/ Fixed Deposit (FD) amount for one year of cross-subsidy surcharge (CSS) and Further, OEA and Ministry of Statistics and Programme Implementation additional surcharge and this amount appeared troublesome to OA (MOSPI) agreed on proposed Index and Formula incorporated in draft consumers. Another critical issue occurred is the delay in determining paper for methodology for Compilation of Coal Price Index applicable the captive status by a verifying authority. This has incurred submis- for Power Sector. They also suggested to use monthly data on price and sion of additional payment security for further period. In order to offset volume of coal or value of coal for base year and to get the approval the matter of payment security mechanism, DERC is of the view that from Technical Advisory Committee on Statistics of Prices and Cost of no payment security mechanism shall be taken for CSS and addition- Living (TAC on SPCL) for examination and approval of the technical al surcharge for captive use. In case if the applicant fails to consume details pertaining to the index developed by the Commission. 51% of the electricity cumulatively up to that month, the distribution licensee shall raise the bill for recovery of cross subsidy surcharge and In view of the this a staff paper was prepared and upon consider- additional surcharge on monthly/ annual basis. If at the end of the ing the views and suggestions of stakeholders, the commission made financial year, it is established that the Open Access consumer is not following principles to determine the methodology for compiling coal a captive user, the bill for CSS shall be recovered along with a late pricing index: payment surcharge.

Price Index: Laspeyres Index to be used for compilation of the Coal As per the procedure, if any CGP does not meet provisions of Electricity Price Index. Act 2003 and Rule 3 of the Electricity Rules, 2005, then that plant will eventually lose the status to be known as captive generator and cap- Base Year: FY18 to be the base year for compilation of Coal Price Index. tive consumer. Likewise, the applicant such as Short-Term Open Access Grades of Coal: CERC decided to consider G7 to G14 grades of Consumer, Medium-Term Open Access and Long-Term Open Consumer shall not be required to submit any BG, LC and FD for an amount equiv- Non-coking Coal for compilation of Coal Price Index. alent as a payment security mechanism towards CSS and/or additional surcharge, as applicable. A separate Special Energy Meter (SEM) with Price of Non-coking Coal: Price of WCL & other subsidiaries of CIL to real time communication facility with SLDC shall be made for gener- be considered separately as CIL notifies the pit head run of mine (ROM) ators. This will help to segregate generation & consumption data if a price of non-coking coal applicable for power sector (a) for all subsid- CGP is selling power under bilateral transaction to third party consum- iaries of CIL excluding WCL and (b) for WCL separately. ers or having Energy Purchase Agreement (EPA) with any Distribution Licensee. Base Year Price: The price shall be the geometric mean of monthly prices of Non-coking coal of the base year. To verify the ownership of a CGP, the responsibility will lie on SLDC Delhi. SLDC shall inform percentage of energy consumption with re- Base Year Weights: Weights to be based on value of non-coking coal spect to aggregate electricity generated for the previous month on dispatched to power sector where value of non-coking coal shall be month basis and cumulative basis by the end of next month. SLDC can computed based on monthly price and quantity of non-coking coal. cross-verify the furnished data. Failure of CGP to provide data & documents will empower SLDC to determine the status of plant. The TAC considered and endorsed the above principles and gave two recommendations. First is to allow weighted geometric mean for com- In the event of non-payment of any charge or sum of money payable by piling elementary prices and to revise base year in every three years. the open access consumer will be considered as non-compliance. Also, a DISCOM can discontinue open access by giving prior notification of Hence, period of coal price index from September 2018 to August 2019 15 days. Hence, in this regard DERC attempts to seek comments from shall be considered for computing the escalation rate for domestic coal stakeholders for the same. The comments are invited to the latest by applicable for the period from October 2019 to March 2020 for pro- 29.11.2019.

62 Infraline.com | December 2019 Industry Update

Tata Power aims to Boost Electricity for Rural India National Bank (PNB). The company has a coal-based captive power Tata Power has partnered with the Rockefeller Foundation to set up plant of 63 MW capacity at Gummudipoondi near Chennai. 10,000 microgrids to provide renewable energy across India. The plant uses coal imported from Indonesia. The account was classi- The two organizations said they would jointly establish a new unit fied as a non-performing asset by PNB in January 2019. The bank then called TP Renewable Microgrid with the aim of building the microgrids initiated the insolvency resolution process under the Insolvency and through 2026 so it can provide power to at least 5 million households Bankruptcy Code. in rural India. The total investment is expected to be about $1 billion. Tata Power JV to acquire 2 power plants for Rs 920 cr from NHPC takes over Lanco Teesta Hydro Power Limited Tata Steel NHPC Limited has completed the formalities for the takeover of the Tata Power ‘s joint venture Industrial Energy Ltd has signed pacts with 500 MW (125 MW X 4) Teesta VI HEP on Teesta River. Tata Steel to acquire a captive gas-based power plant and a diesel project in Kalinganagar, Odisha for around Rs 920 crore. The takeover has been done by remitting the resolution plan consideration of Rs 897.50 Crore to the account of Lanco Teesta Hydro Power Industrial Energy Ltd (IEL) is a joint venture between Tata Power and Limited (LTHPL) for distribution to all the creditors as per approved Tata Steel in the ratio of 74:26, respectively. resolution plan. Kerala state electricity board to ink power-banking deals to Govt launches PRAKASH Portal for tracking coal supply to tackle shortage power plants In a bid to offset the burden of power shortage during the thick of Union Minister of Power (Independent Charge) Raj Kumar Singh and summer, KSEB is planning to engage in power-banking agreements Coal, Mines and Parliamentary Affairs Minister Prahlad Joshi jointly launched ‘PRAKASH - Power Rail Koyla Availability through Supply Har- with power utilities and traders elsewhere in the country. mony’ Portal. It was launched for better coordination among the Indian Railways, ministries of power and coal for coal supply to power plants. Through power-banking option, power utilities and traders will park with one another excess power available with them during a period in The PRAKASH portal will help all the stakeholders to monitor coal a year and reclaim the same from the other when they face shortage supply right from coal mines to transportation. The portal has been of power later. developed as it was observed that several issues such as scattered information, lack of coordination among various organizations, data was An expression of interest (EoI) was invited by the board, power banking not coming on time etc. All these problems were creating difficulties in would be operational for a period of eight months, from February 1 to decision making. September 30. The traders and utilities participating in the EoI should have the capacity to park minimum 25MW power for a period of 15 Cauvery Power to face insolvency proceedings days to become eligible to enter into contract with KSEB. The Chennai bench of the National Company Law Tribunal (NCLT) has ordered corporate insolvency proceedings against Cauvery Power Gen- In case of failure in returning the banked power, the maximum price per eration, which has defaulted on payments of Rs 13.71 crore to Punjab unit of power to be charged would be Rs 4. © Infraline Technologies (I) Pvt. Ltd. | All rights reserved

Infraline.com | December 2019 63 Research Report

LPG Vs. PNG Penetration in India

Key Highlights Executive Summary Indian energy sector has been experiencing a major wave of transformation from diesel Current Scenario of LPG and PNG Market and coal-based economy to moving towards a gas-based economy. Government of LPG and PNG Infrastructure India has planned to increase the share of natural gas from 6% to 15% in its energy mix by the end of 2030 for which it has been promoting the consumption of natural gas to Production and Consumption Trends both urban and rural sectors of India. Being a cleaner fuel than the crude oil distillates, Government Initiatives contribution of natural to the energy mix will also help India’s pledge of achieving 25% lesser emission level by 2020. Gov ernment has issued ten rounds of bidding State-wise price overview process, of which eight rounds work has been implemented and completed and were Benefit and Challenges able to cover around 10% of the total geographical area that include 19% of total population of India. Ninth round work is yet to be completed. Key Questions Answered PNG Allocation (GAs) 86 84 What is the level of penetration of LPG and PNG in India? 35 34 What are the available and proposed 20 14 17 6 6 7 7 6 9 8 11 7 6 infrastructure? 0 3 1

State-wise number of active LPG Pre-PNGRB Bidding Bidding Bidding Bidding Bidding Bidding Bidding Bidding Bidding Round 1 Round 2 Round 3 Round 4 Round 5 Round 6 Round 7 Round 8 Round 9 customers and PNG Connections? Geographical Area (No.) Geographical Area (No.) State-wise Forecast on the Market Size of LPG Coverage Future Customers? 89.90% 80.90% Benefit of using PNG over PNG 72.80% 56.20% 61.90% A must buy for

CGD business entities

Government bodies 2015 2016 2017 2018 2019 (January)

Investors Apart from natural gas, government is constantly concentrating on LPG, which is also considered as a cleaner form of energy. LPG operation in India came into existence Policymakers & Academic from 1980 and as on date it has covered around 89.9% of total population of India. Earlier people were using various other kind of sources for cooking purpose such as For Priority Business wood, coal and cow dung. Using of such sources impact health and thereby increase Rajesh Singh Panwar respiratory diseases. Both these connections of LPG and PNG will not only help people to get cleaner cooking fuel but will also reduce people’s number from getting impacted [email protected] from respiratory diseases. In this context, Infraline Energy has come up with a business Mob: +91 9711786999 series report on topic “LPG Vs. PNG Penetration in India”. The core objective of the report is to focus on the penetration level of LPG and PNG in Indian market by taking Ph: +91 120 6799125,160 into consideration the various government initiatives and infrastructural developments. Table of Contents

1. Executive summary 4.3. Existing CGD Networks

2. Introduction 4.4. LNG Import

2.1. Definitions: LPG & PNG 4.5. LNG Terminals

2.2. Current Scenario 4.6. LNG Trading

2.3. Policies & Regulations 4.7. Active PNG Connection

3. LPG Infrastructure in India 5. Pricing Overview

3.1. Production and Consumption Trends 5.1. State-wise LPG (14Kg) Price

3.2. LPG Import & Export 5.2. State-wise PNG Price

3.3. Bottling Plant Facilities 6. Major Government Initiatives

3.4. Existing Distributorship 7. LPG Vs. PNG: Benefits and Challenges

3.5. State-wise Active Customers 8. Comparison of Major States of India 3.6. State-wise Forecast on the Market 9. Future Aspects Size of Future Customers 9.1. Market Penetration 3.7. Major Companies 9.2. Investment Perspective 4. PNG Infrastructure in India 9.3. Prices 4.1. Production and Consumption Trends 10. Recommendations 4.2. Pipeline Infrastructure: Existing, Under Construc- tion and Proposed 11. Conclusion

Construction begins for CNG-LNG dispensing station at Anayara The construction work for combined CNG and LNG terminal at Anayara is in full swing. Indian Oil Corporation (IOC) is constructing the fuel- dispensing unit adjacent to KSRTC depot at Anayara. In March 2018, the government had allotted 1.78 acres at Anayara on lease for 30 years to IOC for constructing the fuel-dispensing station. In addition to CNG and LNG, the fuel station will also have electric vehicle-charging facility, petrol and diesel-dispensing unit. According to the chief general manager and state head of IOC, the foundation is completed, and the structural work is in progress at Anayara. The petrol and diesel- dispensing unit will start functioning soon, while the work for CNG and LNG-dispensing unit will take a few more months. After construction, Thiruvananthapuram will be the second district in the state to have a CNG-dispensing facility after Ernakulam.

Government opens Bids for Open Acreage Licensing Programme (OALP) Bid Round-IV Government is Planning to Bring Natural Gas Under GST: Government launched OALP - IV bid round on August 27, 2019 under Petroleum and Natural Gas Regulatory Board a revised policy framework, in which seven Onland Blocks were on offer with an area of approximately 18,500 sq. km. The last date of bid Indian government is planning to bring natural gas under GST as it submission was kept on October 31, 2019. The results demonstrated is aims to build a gas trading hub to help develop the domestic gas the continued interest of established players in Indian E&P with bids market. The downstream regulator, PNGRB is working out regulations received for all 7 blocks. The evaluation of the bids would be undertaken for the proposed hub. The inclusion of natural gas in the goods and in a time bound manner. Blocks under OALP-Round-IV and all future services tax regime, pipeline tariff reform and pricing freedom for all Bid Rounds are being awarded under a more simplified and business domestic gas would be necessary to make the proposed gas trading friendly regulatory framework. Under this policy regime, the emphasis hub a success. According to the PNGRB Chairman, as the tax rates is on work programmed, with no requirement for revenue share on natural gas vary from state to state, making it hard for buyers and quotations for less explored Category II and III basins. A cap of 50% sellers entering physical contracts on the exchange to juggle multiple for revenue share in Category I basins has been introduced. A simple rates, a single predictable tax rate would help make it much easier alternative dispute resolution mechanism is being implemented and a for the market. Natural gas, crude oil, jet fuel, petrol and diesel were single window system of application for online clearances is also being not included in GST when it was rolled out two years ago because of put in place. OALP-IV has Five blocks in Category-II basin and one each resistance by States owing to their heavy dependence on petroleum in Category-I and Category-III Basin. Expression of Interest submission taxes. However, Oil companies have been demanding their inclusion, window for the OALP-V bid round is open till November 30, 2019 and beginning with natural gas, as it would help them get input tax credit. companies have another opportunity to take part in the blossoming Indian Thus, these regulations (for ensuring the success of the Gas trading E & P sector. hub) may bring natural gas under GST.

66 Infraline.com | December 2019 ISPRL And Saudi Aramco Signed an MoU For Reserve Storage of Oil Saudi Aramco and Indian Strategic Petroleum Reserve Limited (ISPRL) have signed an MoU for strategic oil reserve lease in the country. The MoU was signed soon after the Prime Minister of India had a two-day visit to the kingdom where discussion on setting up a strategic council for the future aspirations and energy security of the country took place. This represents the global interest that India has generated for its vast energy markets across the oil supply companies. ISPRL is a government of India owned company, which provides for the strategic storage of crude oil in four of its storage parks across the country - it is kept in place in order to secure the country from unwarranted volatility in the energy markets which can prove dangerous for India as the nation imports about 80% of its entire energy needs with Saudi being the biggest oil supplier to the nation. Saudi Aramco is the second company after UAE’s ADNOC to have signed a bilateral MoU with ISPRL for its storage parks in the past year. Aramco will be using 25% of the storage in the Pudur terminal of ISPRL, with a capacity of 4.6 million barrels worth of storage agreed upon in the MoU. The total reserve capacity at ISPRL is about 37 million barrels of oil, and ADNOC has already signed for storage in the Mangalore unit of Karnataka and half of the Pudur storage reserve. This shift in tide of the global oil companies has come at a time when there is very high volatility in the global oil market and the US-CHINA trade war has led to a bearish pace of growth for most major economies in the world.

ONGC issues tender to supply 750,000 scmd of natural gas Cairn Oil & Gas secures 10-year contract Extension for ONGC has issued a tender to supply 750,000 standard cubic meter Ravva Field in Andhra Pradesh per day (scmd) of natural gas beginning December 26, 2019 for three years from its eastern offshore gas field in Andhra Pradesh. The Cairn Oil & Gas, the hydrocarbon exploration arm of Vedanta Ltd, pricing basis for the tender is linked to Platts LNG DES West India has secured a 10-year extension of the production sharing contract price assessments. According to Platts, the reserve gas price for the for Ravva block in Andhra Pradesh. The extension was approved by tender would be calculated based on the simple average of daily the Directorate General of Hydrocarbons. The extension comes as Platts DES West India price for three months preceding the relevant Cairn completes 25 years of operations in Ravva. With this, the PSC month in which gas supplies are made, plus a $1 per million British is now valid effective. Ravva, the oldest producing asset in India for thermal units (MMBtu) constant. The bids are required to be quoted Cairn, has become the first (large) field to get PSC extension under as a premium over the reserve gas price, which will be published by the policy for grant of extension to the production sharing contracts ONGC on a monthly basis in $/MMBtu. Based on the above formula, signed by Government, that includes awarding of small, medium sized, the reserve price for November would be $5.93/MMBtu. The ONGC tender would be conducted over two bid rounds. The first bid round and discovered fields to private joint ventures (JVs). The extension would assess the technical and commercial availability of bids and will enable the JV partners to recover about 13 million barrels of oil the second round would be on price. Bids for the tender are due for equivalent. The JV partners will invest Rs 550 crore to drill 7 wells under November 12 and will be valid for 180 days from the date of opening the Revised Field Development Plan targeting additional reserves of of the un-priced bids. Natural gas produced from discoveries in deep- 11.7 million barrels of oil equivalent. Cairn, which took production at water, ultra-deep-water and high pressure-high temperature areas may Ravva field from 3,000 to 50,000 barrels of oil per day, sustained this be priced independently but will have a price ceiling of $8.43/MMBtu production for nine years. from October 2019 to March 2020.

Infraline.com | December 2019 67 Oil & Gas // NEWS // world

Eni Starts Production at Obiafu in the Niger Delta Eni has started its gas and condensate production from the Obiafu 41 discovery, Niger Delta, just 3 weeks after the well completion. It has approximately 28 billion cubic meters of gas & 60 million barrels of condensate, in which the gas from this discovery will largely be sent to the domestic market to feed the power sector. This record time-to-market was made possible by Eni’s new integrated model, under which the various disciplines worked parallelly, right from the exploration phase. The production is estimated to reach 3 MCM of gas and 3,000 barrels of condensate per day. The gas from this discovery will be processed at the Eni-operated Ob-Ob plant, and then sent to the Okpai Power Plant, which is also operated by Eni. Okpai is the first independent and most efficient Power Plant in Nigeria.

Schlumberger’s OneSubsea Unit Wins Shell Subsea Contract Schlumberger’s OneSubsea division has won an agreement for an engineering, procurement, construction and installation (EPCI) contract from A/S Norske Shell for the supply of a subsea multiphase compression system for the Ormen Lange Field in the Norwegian Sea. Shell buys Total’s stake in Brunei block for $300 Million Through the EPCI contract, OneSubsea and its Subsea Integration French oil major Total signed an agreement to sell wholly owned Alliance partner Subsea7 will supply and install a subsea multiphase subsidiary Total E&P Deep Offshore Borneo BV to Shell for $300 compression system. OneSubsea, in the first phase of the project, will do the engineering and design of the complete system. After million. Total holds an 86.95% interest in Block CA1, located that, following the final investment decision by the license group, the at 100 kilometers from the coast of Brunei. According to Total, complete scope of the EPCI will be executed. The compression will be the transaction fits its plan to dispose of $5 billion of non-core powered and controlled from the Nyhamna onshore gas processing assets over the period 2019-2020. The transaction is subject to plant, which is approximately around 120 km from the subsea location. approval by the competent authorities and is expected to close by This tieback distance is also a world record for transmitting variable December 2019. Block CA1 covers 5,850 square kilometers, with speed power from an onshore facility to equipment on the seabed. water depths ranging from 1,000 to 2,500 meters. Total, currently The system will be installed at 850 m of water depth and comprises two 16-MW subsea compression stations tied into existing manifolds operates the block along with their partners Murphy Oil (8.05%) and pipelines. This multiphase compression system is surge tolerant, and Petronas (5%). so it won’t require well stream preprocessing, and is adaptable to the varying conditions over the life of the field.

68 Infraline.com | December 2019 MOL Group buys stakes in Azerbaijan’s ACG field and BTC pipeline MOL group has signed an agreement with Chevron Global Ventures Ltd & Chevron BTC Pipeline Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan. It has a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline that transports the crude to the Mediterranean port of Ceyhan, for total consideration of about $1.57 billion. This will make MOL the third largest field partner in ACG. The supergiant ACG field is Azerbaijan’s flagship oil producing asset covering 400 sq. km and including six offshore production platforms. It has been producing oil since 1997 with an excellent 20 year-long operational track record. The country’s largest oil field operated by the oil giant BP produced (on average) around 584,000 bpd in 2018. MOL also acquired a stake in the BTC pipeline transporting crude oil from Azerbaijan to the port of Ceyhan, Turkey, on the Mediterranean Sea. This world-class asset will add around 20,000 bpd net to MOL’s production in the coming years and also increase MOL’s proved and probable reserves. This transaction is an excellent fit to MOL’s current portfolio, and the transaction will contribute to the further transformation of MOL’s upstream segment into an international business.

Oil and Gas Discovery in The North Sea Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at Huge Brazil oil round disappoints as only Petrobras and 6-16 MSCM of oil equivalent (38-100 million barrels of oil equivalent). Chinese bid According to Equinor, this is one of the year’s biggest discoveries in the Brazil’s government had high hopes on a huge auction that was most mature area of the Norwegian continental shelf (NCS) near the held to award offshore oil drilling rights which could strengthen Troll field. Further knowledge of the area and new data investments the country’s status as an emerging giant in the sector. Only have increased its confidence in the exploration opportunities. The Brazil’s state-run oil company, Petrobras, and a couple of Chinese discovery will be tied back to existing infrastructure. Exploration well firms had submitted bids for the auction that the Brazilian 35/11-23, Echino South, was drilled 3.2 kilometers south-west of the government had billed as the largest oil auction in history. Most Fram field. The primary exploration target was to prove petroleum in the of the 14 companies eligible to participate stayed away and two upper Jurassic reservoir of the Oxfordian age (Sognefjord formation). of the four fields on offer got no bids. Petrobras was the dominant The secondary exploration target in the well was to prove petroleum bidder winning a 90 percent stake in the largest field on the block, rocks of the middle Jurassic period (Brent group). Hydrocarbons were known as Buzios and the Chinese firm, CNOOC Limited and the proven in both exploration targets. A sidetrack (well 35/11-23 A) is China National Oil and Gas Exploration & Development Company, being drilled to delineate the discovery in the Sognefjord formation. shared the remaining 10 percent stake in Buzios. The is because The well was not formation tested, but extensive volumes of data Brazil overestimated the price of admission that oil companies have been acquired. Well 35/11-23 was drilled to a vertical depth were willing to pay in order to get a position in vast reserves. Brazil of 2947 meters below sea level. Water depth is 350 meters. The well government had hoped to get more than $26 billion in signing will be permanently plugged and abandoned after sidetrack 35/11- bonuses for the right to explore pre-salt reserves, but got about 23 A has been drilled. The well was drilled by the Deepsea Atlantic $17 billion of signing fees from the minimum bid by Petrobras in a drilling rig, which will drill production wells on the Askeladd North consortium with the Chinese for the round’s biggest block, Buzios, field in production license 064 after it has completed the sidetrack. and a lone Petrobras bid for the smallest block, Itapu. The licensees in production license 090 are Equinor holds (45%), ExxonMobil Exploration & Production Norway AS (25%) & Idemitsu Petroleum Norge AS (15%) and Neptune Energy Norge AS (15%).

Infraline.com | December 2019 69 Oil & Gas // Tenders

Tenders

Tender Tender Organisation Published Submission Tender Tender Sno. Name Refno/No. Date Date Value(INR) Description

Defence Research And Development Organisa- 1 Diesel and Tenders are invited for Diesel petrol P-5000/2954 tion||Directorate Of Material 14/11/2019 05/12/2019 6,87,000 and petrol Product Category: Management - Drdo||Office Miscellaneous goods Of Dg(Mss) - Drdo||Tbrl - D

Tenders are invited for Tender Ci4 plus diesel 2 GLK/TE19/217 Balmer Lawrie & Enq Of Additive For Ci4 Plus engine oil Co. Ltd. 11-12-2019 4/12/2019 1,25,000 Diesel Engine Oil Required At Silvassa

Two wheeler 4 Tenders are invited for Tender stroke engine Balmer Lawrie & Co. Ltd. Enq Of Additive For Two 3 oil for motor GLK/TE19/216 11-12-2019 4/12/2019 1,20000 Wheeler 4 Stroke Engine Oil cycles and For Motor Cycles And Scoot- scooters ers Required At Silvassa

Manufacture 4 of diesel en- Tenders are invited for Tender gine oils of dif- Enq Of Additive For Manufac- 05/51/23V2/TNGCL/033 Balmer Lawrie & Co. Ltd. 11-12-2019 4/12/2019 1,50,000 ture Of Diesel Engine Oils Of ferent engine Different Engine Performance performance Levels Required At Silvassa levels

70 Infraline.com | December 2019 Sno. Tender Tender Organisation Published Submission Tender Tender Name Refno/No. Date Date Value(INR) Description

To Provide Non-cnromate, Tenders are invited for To provide Ortho-phosphate-zinc Based Non-Cnromate, Ortho-Phos- 5 Cooling Water Treatment NFB/PUB/CWT/ National Fertilizers phate-Zinc based cooling water Package For The Ammonia, Limited (Nfl) 13/11/12019 12-11-2019 1,00,000 treatment package for the Ammonia, Urea & Cpp Cooling Towers Of SD-190007 Urea & CPP cooling towers of Natural Gas Based Ammonia Natural gas based Ammonia plant Plant In Batnirda in Batnirda

Purchase of various type of State Health Transport Tenders are invited for Purchase of 6 automotive lubricants tns167020 Department 15/11/2019 12-10-2019 50000(EMD) various type of Automotive Lubricants

7 Compressed natural gas to is Northern Tenders are invited for Compressed 15958/2012 for demu 11750539 Railway 31/10/2019 04-12-2019 201980 natural gas to is 15958/2012 for demu

Liquefied Petroleum Gas Type: Tenders are invited for Liquefied 8 North Western petroleum gas type: commercial Commercial Butane-propane 16244252 Mixture. Confirming To Is: 4576 Railway 11-11-2019 17/12/2019 35830(EMD) butane-propane mixture. Confirming to / 1999 Rev-2 is: 4576 / 1999 rev-2 Type

“Supply Of Industrial Oils & Lubricants On Arc Basis 1. Servosystem E 68 Or Mak Hydraulic Karnataka Cooperative Supply of industrial oils & KMF/2019-20/ 68 Oil, 9 Milk Producers Federa- 11-09-2019 12-04-2019 16250(EMD) lubricants on arc basis IND7508 2. Servomesh Sp 680 Or Equivalent 680 tion Limited Grade Oil, 3. Servo Super Or Equivalent Servo Super Multigrade 15 W 40 Oil, 4. Servo Friz 68 Or Equivalent Freeze Oil 68 Grade Oil, 5. Castrol Alpha Sp Castrol A 150 Oil,”

Procurement Of Cutting Oil Tenders are invited for Procurement Or Coolant For Anca Mx7 of cutting oil or coolant for anca mx7 10 Department Of De- M/c (01 Item) I.e, Cutting Oil 37302956 fence Production 11-08-2019 12-06-2019 3,73,314 m/c (01 item) i.e, cutting oil or coolant, Or Coolant, Grade- Blasogri- grade- blasogrind hc5 or equivalent nd Hc5 Or Equivalent

Work contract for decanting Tenders are invited forWork Contract 11 of oil ( hfo and ldo ) from Madhya Pradesh For Decanting Of Oil ( Hfo And railway oil wagons at 2x660 WT-945 Power Generating 11-07-2019 12-04-2019 2,74,000 Ldo ) From Railway Oil Wagons At mw , sstpp , ph-ii , mppgcl , Company Limited 2X660 Mw , Sstpp , Ph-Ii , Mppgcl , khandwa Khandwa

Tenders are invited for Transportation of Transportation of liquid CCNW/Stores/ Steel Authority Of propane gas in tankers from liquid propane gas in tankers from haldia 12 PR1130016205/ India Limited-Bhilai 17-11-2019 12-04-2019 500000(EMD) to bsp, bhilai by road on door delivery haldia to bsp, bhilai by road on Steel Plant door delivery basis OT- 1186/3530 basis Delivery Period:24 months

Oil machinery/general purpose Tenders are invited for Oil machinery/ machinery to is:493-81 part 1 general purpose machinery to is:493- reaffirmed 2004 with rust pre- 81 part 1 Reaffirmed 2004 With Rust 13 East Central ventive characteristics test as per 11171113B 11-08-2019 12-09-2019 307940 Preventive Characteristics Test As Per is:1448-p-96 method a grade Railway Is:1448-P-96 Method A Grade Vg-150. vg-150.withrdso additional Withrdso Additional Requirement As requirement as slip no.1 issued Slip No.1 Issued On August 2016. on august 2016.

Tenders are invited fotSupply Of Antiwear Hydraulic Oil, Antiwear Hydraulic Oil, Gr.Vg 32 Confirming To Is:10522-83 / Reaffirmed 2004 ( Antiwear ) With Aniline Point 90 Degree C, Min. In Place Of Seal 14 Antiwear Antiwear hydraulic oil 24192549 Hydraulic Oil 11-06-2019 12-02-2019 14880 Compatibility Test And Min.Pass Load Of 9Th Stage In Fzg Niemann Test With Rdso Additional Requirement As Slip No.1 Issued By Rdso On August 2016

Procurement Of Lubri- Tenders are invited for Procurement of cating Turbine Oil Servo Punjab State Power Lubricating Turbine Oil Servo Prime-57 15 Prime-57 Or Equivalent 02/SE/MH- or equivalent grade for Mukerian Corporation Limited 31/10/2019 11-04-2019 1,22,200 Grade For Mukerian Hydel P/2019-20/P-399 (Pspcl) Hydel Project, PSPCL, Talwara, Project, Pspcl, Talwara, Distt-Hoshiarpur, Punjab. Distt-hoshiarpur, Punjab.

NOTE* Tender value is the approximate amount in which, the purchaser think they can procure the tendered item. EMD - Earnest Money Deposit. The purchasers takes this amount to check the earnestness/seriousness of the bidders in case they are selected as winners. The EMD amount the bidder has to pay along with the bid response Bid submission start and end date column also include time “

Infraline.com | December 2019 71 Oil & Gas // top companies

SR No Company Name SR No Company Name

1 Oil and Natural Gas Corporation 21 Mahanagar Gas Ltd 2 Indian Oil Corporation 22 Panama Petrochem Ltd 3 Bharat Petroleum 23 Tide Water Oil Company India Ltd ( Veedol ) 4 Hindustan Petroleum 24 Aban Offshore Ltd 5 Gail India Limited 25 Adani Gas Ltd 6 Oil India Limited 26 Bharat Oman Refineries Ltd 7 Reliance Petroleum 27 Numaligarh Refinery Ltd 8 Cairn India 28 Savita Oil Technologies Ltd 9 TATA Petrodyne Limited 29 ExxonMobil Lubricants Pvt Ltd 10 Nayara Energy (Essar Oil) 30 GP Global India Pvt Ltd 11 Indraprastha Gas Ltd ( IGL ) 31 GS Caltex India Pvt Ltd 12 Gujarat Gas Ltd 32 Petronas Lubricants India Pvt Ltd 13 Gujarat State Petroleum Corporation Limited 33 schlumberger 14 Petronet LNG Ltd 34 Shell India 15 Apar Industries Ltd 35 Total Oil India Pvt ltd 16 Castrol India Ltd 36 Trafigura India Pvt Ltd 17 BGR Energy Systems Ltd 37 Aavantika Gas Ltd 18 Chennai Petroleum Corp. Ltd 38 Focus Energy Ltd. 19 Gulf Oil Lubricants India Ltd 39 SKN- Haryana City Gas Distribution Pvt. Ltd. 20 Mangalore Refinery And Petrochemicals Ltd 40 Hindustan Oil Exploration Co Ltd

72 Infraline.com | December 2019 SR No Company Name SR No Company Name

41 John Energy Ltd 71 Oilex Ltd 42 Nandan Petrochem Ltd 72 Petrofac Engineering India Pvt Ltd 43 Sabarmati Gas Ltd 73 Porocel India Ltd 44 Raychem RPG Private Limited 74 Praxair India Pvt. Ltd. 45 Sun Petrochemicals Private Limited 75 SHV Energy Pvt. Ltd/ Super Gas 46 GE Oil and Gas india 76 Transocean Ltd 47 Deep Industries Ltd. 77 UOP India Private Limited 48 Jindal Drilling & Industries Limited (JDIL) 78 Vinmar International India Pvt Ltd 49 Asian Oilfield Service Limited 79 Idemitsu Lube India Private Limited 50 Selan Exploration Technology Limited 80 Interflon India Pvt Ltd 51 Nagarjuna Oil Refinery Limited 81 Aker Powergas Pvt Ltd 52 Indo – Bright Petroleum Private Limited 82 Air Liquide Global E&C Solutions Pvt Ltd 53 Energivo 83 Bijur Delimon India Pvt Ltd 54 Mantra Energy International 84 Chemie Tech Projects Ltd 55 IRM Energy Pvt Ltd 85 Ellenbarrie Industrial Gases Ltd 56 H-Energy 86 Energy Infrastructure(India) Ltd 57 Halliburton India 87 Future Fibre Technologies 58 Supreme Petrochem Ltd 88 Forbes Bumi Armada Offshore Ltd 59 Confidence Petroleum India Ltd 89 FUCHS Lubricants (India) Pvt. Ltd. 60 Kundan International Pvt. Ltd. 90 Fugro Geotech India Pvt Ltd 61 Manali Petrochemicals Limited 91 Torrent Gas 62 Tamilnadu Petroproducts Limited (TPL) 92 G+H Insulation India Pvt Ltd” 63 Veritas India Ltd 93 Niko Resources Ltd 64 Bauer Kompressoren India Pvt Ltd 94 NOV India Pvt Ltd 65 BG Exploration & Production India Ltd (BGEPIL) 95 Nynas Naphthenics Pvt Ltd 66 Carl BechemLubricants India Pvt Ltd 96 GeoGlobal Resources Barbados Ind. 67 Gazprom EP International 97 Oceaneering International Services Pvt Ltd 68 GCE India Pvt Ltd 98 Petrogas India Pvt Ltd 69 Hardy Exploration & Production India Inc 99 Proserv India Oil & Gas Solutions 70 ITECO Oilfield Supply 100 Pyramid Engineering & Consulting Pvt Ltd

Infraline.com | December 2019 73 Oil & Gas // Sector Statistics

Consumption of Petroleum Products (As on September, 2019) PRODUCTS 19-Apr 19-May 19-Jun 19-Jul 19-Aug 19-Sep TOTAL (000 Metric Tonnes) LPG 1900 2054 1793 2215 2396 2183 12541 Naphtha 889 735 990 1216 1149 844 5823 MS 2458 2735 2636 2519 2574 2372 15294 ATF 645 678 666 674 681 666 4010 SKO 254 268 260 195 231 176 1384 HSD 7316 7779 7447 6826 6116 5830 41314 LDO 45 49 53 52 63 60 322 Lubricants & Greases 255 354 315 322 316 333 1895 FO & LSHS 499 515 504 547 497 525 3087 Bitumen 691 726 498 390 260 343 2908 Petroleum coke 2254 2135 1545 1552 1786 1736 11008 Others 1043 979 977 1075 976 943 5993 TOTAL 18248 19008 17684 17581 17044 16011 105576 Domestic Crude Oil Production (September, 2019) September April-September Details 2017-18 2018-19 2018-19 2019-20 2019-20 (P) 2019-20 2019-20 (P) (Target)* (Target)*

ONGC 20.8 19.6 1.6 1.8 1.6 10.5 9.5 Oil India Limited (OIL) 3.4 3.3 0.3 0.3 0.3 1.7 1.6 Private / Joint Ventures (JVs) 9.9 9.6 0.8 0.8 0.7 4.9 4.4 Total Crude Oil 34 32.5 2.7 2.8 2.5 17.1 15.5 ONGC condensate 1.5 1.5 0.1 0.1 0.7 PSC condensate 0.2 0.2 0.02 0.02 0.1 Total condensate 1.6 1.7 0.1 0.1 0.8 Total (Crude + Condensate) (MMT) 35.7 34.2 2.8 2.8 2.6 17.1 16.4 Total (Crude + Condensate) (Million Bbl) 261.6 250.7 20.5 20.9 19.4 125.7 120

74 Infraline.com | December 2019 ATF Prices for Domestic Airlines at Major Cities (As on November, 2019)

Month Delhi Kolkata Mumbai Chennai Rs./KL 01-Nov-19 62672.63 68770.99 62864.79 63758.48 01-Oct-19 64909.67 70790.35 64862.79 65833.04 01-Sep-19 62698.86 68667.48 62712.17 63642.23 01-Aug-19 63295.48 69208.6 63294.92 64214.99 01-Jul-19 61200.36 67153.85 61999.79 62174.78 01-Jun-19 65006.8 70421.41 64946.04 66096.55 01-May-19 65067.85 70726.66 65029.29 66298.65 01-Apr-19 63472.22 69242.21 63447.54 64,713.19 01-Mar-19 62,795.12 68,523.48 62,748.70 64,000.10 01-Feb-19 58,060.97 63,597.86 58,017.33 58,988.45 01-Jan-19 58,060.97 63,556.18 58,017.33 59,021.48 01-Dec-18 68,050.97 73,393.55 67,979.58 69,216.61 01-Nov-18 76,378.80 81,441.06 76,013.20 77,521.63 11-Oct-18 72,605.00 77,638.00 72,225.00 73,534.00 01-Oct-18 74,567.00 79,736.00 74,177.00 75,521.00 01-Sep-18 69,461.00 74,677.00 69,161.00 70,316.00 01-Aug-18 69,090.00 74,335.00 68,791.00 69,948.00 01-Jul-18 68,086.00 72,718.00 67,722.00 68,810.00 01-Jun-18 70,028.00 74,599.00 69,603.00 70,751.00 01-May-18 65,340.00 69,897.00 64,901.00 65,898.00 01-Apr-18 61,450.00 65,985.00 61,025.00 64,615.00

LPG Consumption (September, 2019) September April-September LPG category 2017-18 2018-19 2018-19 2019-20(P) Gr (%) 2018-19 2019-20(P) Gr (%)

1. PSU Sales : (TMT)

LPG-Packed Domestic 20,351.80 21,728.00 1,800.20 1,895.80 5.3 10,514.50 10,936.60 4 LPG-Packed Non-Domestic 2,085.80 2,364.40 190.4 219.1 15.1 1,117.10 1,234.60 10.5 LPG-Bulk 355.4 318.1 26 27.5 5.8 164.5 137.3 16.5 Auto LPG 184.4 180.3 14.9 14.2 -4.6 92.4 87.1 -5.8 Sub-Total (PSU Sales) 22,977.40 24,590.80 2,031.50 2,156.60 6.2 11,888.50 12,395.60 4.3 2. Direct Private Imports* 364.5 316 28.3 26.1 -7.9 168 150.8 10.2 Total (1+2) 23,341.80 24,906.80 2,059.80 2,182.70 6 12,056.50 12,546.30 4.1

Status of Existing LNG Terminals (September, 2019)

Capacity utilisation in % Location Promoters Capacity as on 01.09.2019 April-August 2019 (P)

Dahej Petronet LNG Ltd (PLL) 15 MMTPA 110.60% Hazira Shell Energy India Pvt. Ltd. 5 MMTPA 99.30% Dabhol RGPPL (GAIL - NTPC JV) 1.692 MMTPA* 3.30% Kochi Petronet LNG Ltd (PLL) 5 MMTPA 15.60% Ennore Indian Oil LNG Pvt Ltd 5 MMTPA 3.80% Total Capacity 31.7 MMTPA

Infraline.com | December 2019 75

Oil & Gas // Sectoral Reports

Inpower – An Infraline’s Monthly Stream INPOWER Which Highlights Information Related To Oil & Gas Sector And Aims To Provide Insights Of OIL & GAS SECTOR OUTLOOK Regulatory And Industrial Developments In Oil & Gas Sector Value Chain.

76 Infraline.com | December 2019 Sector Statistics Production Outlook

1. Crude Oil Production in India (September 2019)

Production & Consumption of Petro Products (MMT) Production & Consumption of Petro Products Production(MMT) & Consumption of Petro Products (MMT) 130.8 128.1 3. Production & Consumption of Petroleum Products 130.8 128.1 105.7 (September 2019) 104.2 130.8 128.1 105.7 104.2

105.7

Production & Consumption of Petro Products104.2 (MMT) 21.3 16.1 19.9 16.0 Prod Cons Prod Cons Prod Cons Prod Cons 21.3 16.1 19.9 Sep-18 Sep-1916.0 (April-September) (April-September) 130.8 Crude oil production during September 2019 was 2.64 MMT which is Prod Cons Prod Cons Prod Cons2018 Prod 128.1 Cons2019 21.3 16.1 19.9

16.0 Sep-18 Sep-19 (April-September) (April-September) 105.7 7.09% lower than target and 5.41% lower when compared with Sep- Prod Cons Prod Cons Prod104.2 Cons Prod Cons 2018 2019 tember 2018. Cumulative crude oil production during April-September Sep-18 Sep-19 (April-September) (April-September) 2018 2019 2019 was 16.37 MMT which is 4.52% and 5.96% lower than target for the period and production during corresponding period of last year 21.3

respectively. 16.1 19.9 16.0 Prod Cons Prod Cons Prod Cons Prod Cons 2.International FOB Prices in India (September 2019) Sep-18 Sep-19 (April-September) (April-September) 2018 2019 Refinery production during September 2018 was 21.3 MMT which International FOB Price ($/BBL) is 7.03% higher than the production for the month of September in FY 2019-20. Cumulative production of Petro-products from April to International FOB Price ($/BBL) 573.72 526 September in 2018 was around 130.8 MMT which is 2.06% higher 471.80 420.93 573.72

385.08 than the same tenure of year 2019-20. However, cumulative con-

International FOB526 Price ($/BBL) 356.00

471.80 sumption of Petro-Products till September 2019, shown the growth 420.93 385.08 573.72 356.00 of around 1.43% when compared with cumulative consumption till 526

471.80 September 2018. 82.51 82.24 75.90 75.80 75.58 69.88 69.50 61.73 420.93 385.08

356.00 4. Sector Wise Natural Gas Consumption 82.51 82.24 75.90 75.80 75.58 69.88 69.50 61.73 Crude oi l PetrolInternationalDiesel FOB PriceKerosene ($/BBL)LPG ($/ MT) FO ($/MT) Napht ha (September 2019) ($/MT) Natural Gas Consumption (MMSCMD)

Crude oi l Petrol Diesel Kerosene2018-19LPG ($/ MT)Sep-19FO ($/MT) Napht573.72 ha 526 82.51 82.24 75.90 75.80 75.58 69.88 69.50 ($/MT)

61.73 Natural Gas Consumption (MMSCMD) 471.80

2018-19 Sep-19 420.93 385.08 26.13 InternationalCrude oi l FOBPetrol prices ofDiesel variousKerosene Petro 356.00 productsLPG ($/ MT) andFO crude ($/MT) oil Naphtin the ha ($/MT) Natural10.7 Gas Consumption (MMSCMD) 14.1 FY 2018-19 and September 2019 are mentioned in the chart. The FOB 26.13 2018-19 Sep-19 price of crude oil in September 2019 is lower by US$ 8.15 per barrel 10.7 9.33 82.51 82.24 75.90 75.80 75.58 69.88 69.50

61.73 14.1 19.13 19.93 15.87 from the average crude oil price of US$ 69.88 per barrel prevailing 15.93 10.3 8 .4 9.33 26.13 2.93 Crude oi l Petrol Diesel Kerosene LPG ($/ MT) FO ($/MT) Napht ha 1.73 in FY 2018-19 owing to current geopolitical tensions and demand & 19.13 19.93 15.87 ($/MT) 15.93 Natural Gas Consumption10.7 (MMSCMD) 8 .4 supply prevailing in international market. Low price of crude oil in in- 14.1 10.3 2018-19 Sep-19 2.93 1.73 ternational market has also affected the prices of Petro products in 9.33 19.13 19.93 15.87 September 2019 which are also lower than the average FOB price pre- 15.93 26.13 Domestic gas consumption R-LNG consumption10.3 8 .4 2.93 1.73 vailed in FY 2018-19. 10.7 14.1 Domestic gas consumption R-LNG consumption 9.33 19.13 19.93 15.87 15.93 Infraline.com10.3 | December8 .4 2019 77 2.93 1.73 Domestic gas consumption R-LNG consumption

Domestic gas consumption R-LNG consumption

Oil & Gas // Sectoral Reports

Power and fertilizer sectors continue to be the biggest consumer of put exceeds the prorated refinery capacity for the month of September natural gas followed by city gas. Share of imported LNG continues to 2019 by 503.48 TMT which is the result of lower utilization rate when Gross Productiongrow &in Consumptionthe domestic consumption of Natural of natural gas while more of the compared with the month of September 2018. Private sector mostly Gas-SeptemberLNG imported 2019 gas (MMSCMD) has been consumed by fertilizer sector and refinery dominated by RIL also showed higher utilization of refining capacity sector in India. Share168.35 of imported LNG168.35 in total consumption of natural compared with prorated refinery capacity in September 2019 owing to gas has reached to 54.71% in September 2019 when compared with higher production output initiation from upgraded units. 53.14 in September 2018. 7. Import Dependency of Crude Oil (September 2019)

86.58 82.835. Gross Production & Consumption of Natural Gas (September 2019) Import Dependency of Crude Oil on Gross Production & Consumption of Natural Consumption Basis Gas-September 2019 (MMSCMD) Gross Production & Consumption of Natural 83.70% Gas-September 2019168.35 (MMSCMD) 168.35

168.35 168.35 Sep-18 Sep-19 Sep-18 Sep-19 Production Consumption 86.58 82.83 83.20% Import Dependency of83.10% Crude Oil on 86.58 82.83 Consumption Basis 82.90% Import Dependency of Crude Oil on Consumption83.70% Basis 83.70% Sep-18 Sep-19 Sep-18 Sep-19

Sep-18 Production Sep-19 Sep-18ConsumptionSep-19 83.20% Production Consumption 83.10% 83.20% 2017-18 2018-19 September82.90% 2018-19 September 2019-2083.10% Gross production for the month of September 2019 was 82.83 MMSC- 82.90% MD (decrease of 4.3% over the corresponding month of the previous India is mostly dependent on crude oil imports from crude oil supplier year). Consumption of natural gas has registered similar in the month countries owing to low domestic production and highly demand from of Sep 2018 and September 2019. various industries and transportation sector. which is also declining Refinery Crude Throughput & Capacity year-on-year basis. The2017-18 average2018-19 importSeptember dependency 2018-19 on Septemberconsumption 2019-20

Utilization (September6. Refinery 2019)('000Crude Throughput Tons) & Capacity Utilization basis of crude oil in FY2017-18 2017-182018-19 was 82.9%September which 2018-19 increasedSeptember to 83.7% 2019-20

8000 (September 2019) 120.00% in 2018-19. The same trend was observed in monthly statistics, show- 7000 100.00% ing the increase of 1.8% in crude oil import dependency when com- 6000 Refinery Crude Throughput & Capacity pared with same month of corresponding year September 2018-19. 5000 80.00% Utilization (September 2019)('000 Tons) 4000 Refinery Crude Throughput60.00% & Capacity Utilization (September 2019)('000 Tons) 3000 8000 120.00% 7000 40.00% 2000 8000 120.00%100.00% 6000 7000 20.00% 1000 5000 100.00%80.00% 6000 0 4000 0.00% 60.00% 5000 80.00% IOCL BPCL HPCL3000 CPCL Joint Private 4000 60.00%40.00% 2000 Vent ure Sector 3000 1000 Refineries Re fine ries 40.00%20.00% 2000 0 20.00%0.00% Prorated Installed Capacity1000 Actual Crude Throughput IOCL BPCL HPCL CPCL Joint Private 0 0.00% % Utilization of Installed Capacity Vent ure Sector IOCL BPCL HPCL CPCL RefineriesJoint RePrivate fine ries Vent ure Sector Prorated Installed Capacity ActualRefineries Crude ThroughputRe fine ries Prorated% Utilization Installed of Installed Capacity Capacity Actual Crude Throughput

% Utilization of Installed Capacity

Public sector Refineries’ crude throughput during September 2019 was 10743.37 TMT which is 12% lower than in September 2018. HPCL Capacity utilization is higher than as compared to other PSU Capacity utilization and crude throughput of CPCL declined in September 2019 when compared with corresponding month of 2018. Crude through-

78 Infraline.com | December 2019 8. Total number of connections of released under PMUY Scheme till September 2019 Government of India launched Pradhan Mantri Ujjwala Yojana (PMUY) to provide 8 crore deposit free LPG connections to poor households in the country. Three State owned Oil Marketing Companies such as IOCL, BPCL and HPCL have implemented the Scheme in all the States/UTs of the country in a mission mode and achieved the target of 8 crore connections, seven months ahead of the timelines set March 2020. The States of Uttar Pradesh (1.46 crore), West Bengal (88 lakh), Bihar (85 lakh), Madhya Pradesh (71 lakh) and Rajasthan (63 lakh) have topped the list with highest number of beneficiaries under the PMUY.

S.No. States / Union Territories Number of connections- 2019 1 Andaman & Nicobar Islands 13,103 2 Andhra Pradesh 3,90,998 3 Arunachal Pradesh 44,668 4 Assam 34,93,730 5 Bihar 85,71,668 6 Chandigarh 88 7 Chhattisgarh 29,98,629 8 Dadra and Nagar Haveli 14,438 9 Daman and Diu 427 10 Delhi 77,051 11 Goa 1,082 12 Gujarat 29,07,682 13 Haryana 7,30,702 14 Himachal Pradesh 1,36,084 15 Jammu and Kashmir 12,03,246 16 Jharkhand 32,93,035 17 Karnataka 31,51,238 18 Kerala 2,56,303 19 Lakshadweep 292 20 Madhya Pradesh 71,79,224 21 Maharashtra 44,37,624 22 Manipur 1,56,195 23 Meghalaya 1,50,664 24 Mizoram 28,123 25 Nagaland 55,143 26 Odisha 47,50,478 27 Puducherry 13,566 28 Punjab 12,25,067 29 Rajasthan 63,92,482 30 Sikkim 8,747 31 Tamil Nadu 32,43,190 32 Telangana 10,75,202 33 Tripura 2,72,323 34 Uttar Pradesh 1,47,86,745 35 Uttarakhand 4,04,703 36 West Bengal 88,76,053 Grand Total 8,03,39,993

Infraline.com | December 2019 79 Oil & Gas // Sectoral Reports

9. Details of Production and Consumption of Petroleum Products (MMT) (September 2019)

2018-19 (P) September 2018 (P) September 2019 (P) April-September 2018 (P) April-September 2019 (P) Products Prod Cons Prod Cons Prod Cons Prod Cons Prod Cons LPG 12.8 24.9 1 2.1 1 2.2 6.3 12.1 6.1 12.5 MS 38 28.3 3.1 2.2 3 2.4 19.1 14 19.2 15.3 NAPHTHA 19.6 14.1 1.7 1.1 1.6 0.8 9.8 6.8 9.3 6.1 ATF 15.5 8.3 1.2 0.7 1.3 0.7 7.7 4.1 7.4 4 SKO 4.1 3.5 0.4 0.3 0.2 0.2 2.1 1.8 1.6 1.4 HSD 110.6 83.5 8.7 6 8.2 5.8 55 40.9 54.8 41.3 LDO 0.7 0.6 0.06 0.04 0.07 0.06 0.3 0.3 0.3 0.3 LUBES 0.9 3.7 0.1 0.3 0.1 0.3 0.5 1.7 0.5 1.8 FO/LSHS 10 6.6 0.8 0.5 1 0.5 4.9 3.3 4.9 3.1 BITUMEN 5.6 6.7 0.3 0.3 0.3 0.3 2.5 2.8 2.3 3 PET COKE 13.7 21.3 1.2 1.5 1.1 1.7 7.1 10.9 6.8 10.9 OTHERS 31 11.7 2.7 0.9 2.2 0.9 15.4 5.6 14.9 6 ALL INDIA 262.4 213.2 21.3 16.1 19.9 16 130.8 104.2 128.1 105.7 Growth (%) 3.20% 3.40% 2.60% (1.80%) (6.70%) (0.30%) 6.60% 3.50% (2.00%) 1.40%

10. CBM at a Glance in India (September 2019)

Prognosticated CBM resources 92 TCF Established CBM resources 9.9 TCF Total available coal bearing areas 26,000 Sq. KM Exploration initiated 16,613 Sq. KM Blocks awarded 33 Nos. Production of CBM gas September 2019 (P) 52.3 MMSCM Production of CBM gas April-September 2019 (P) 326.4 MMSCM

CBM produced from domestic fields decreased by 3.63% in September • The price of ethanol from sugarcane juice/sugar/sugar syrup route be 2019 when compared with the CBM produced in the corresponding fixed at Rs.59.48 per litre, month of last year September 2018, the available coal bearing area being Additionally, GST and transportation charges will also be payable. Oil mar- constant, the cumulative CBM produced from it got decreased by around keting companies have been advised to fix realistic transportation charges 26.4 MMSCM so that long distance transportation of ethanol is not disincentivised, OMCs 11. Government approves Mechanism revision of ethanol are advised to continue according priority of ethanol from 1) sugarcane price for supply to Public Sector Oil Marketing Compa- juice/sugar/sugar syrup, 2) B heavy molasses 3) C heavy molasses and 4) nies for procurement of ethanol (September 2019) Damaged Food grains/other sources, in that order, Government has approved revised ethanol price, which is derived from different raw materials under the EBP Programme for the forthcoming sugar All distilleries will be able to take benefit of the scheme and large number season 2019-20 during ethanol supply year from 1st December 2019 to of them are expected to supply ethanol for the EBP programme. Remunera- 30th November 2020: tive price to ethanol suppliers will help in reduction of cane farmer’s arrears, • The price of ethanol from C heavy molasses route be increased from in the process contributing to minimizing difficulty of sugarcane farmers. Rs.43.46 per lit to Rs.43.75 per litre, Ethanol availability for EBP Programme is expected to increase significantly • The price of ethanol from B heavy molasses route be increased from due to higher price being offered for procurement of ethanol from all the Rs.52.43 per lit to Rs.54.27 per litre, sugarcane-based routes. Increased ethanol blending in petrol has many benefits including reduction in import dependency, support to agricultural

80 Infraline.com | December 2019 12. Key Highlights: • ONGC to invest Rs 13,000 crore in Assam to drill over 220 wells Oil and Natural Gas Corporation announced it will invest more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the next five years. The company has signed an MoU with the Assam government for enhancing its exploration and production activities in the state. This investment is being made for drilling more than 220 oil and gas wells across the state. ONGC is giving impetus to its activities in alignment with the prime minister’s call for reducing import by 10% by 2022 and Northeast Hydrocarbon Vision 2030.

• India, Nepal PMs launch cross-border oil pipeline; linking Motihari with Amlekhgunj India launched South Asia’s first cross border petroleum products pipeline that will help in regional connectivity among Pakistan’s intransigence on approving Saarc connectivity pact. Prime Minister Narendra Modi and Ne- pal PM KP Sharma Oli on 03/09/2019 inaugurated South Asia’s first cross border petroleum products pipeline from Motihari in India to Amlekhgunj in Nepal via video conference. This will reduce retail oil prices in Nepal by Rs 2. India is already supplying diesel to Bangladesh through cross border train and plans to build pipeline to supply petroleum products to its eastern neighbour. Speaking on the occasion, Nepal’s Prime Minister expressed appreciation for the early implementation of the project. The 69-km Mo- tihari-Amlekhgunj pipeline, having a capacity of 2 million metric ton per annum, will provide cleaner petroleum products at affordable rates to the people of Nepal.

• Govt nominates ONGC to operate Panna-Mukta fields The government has nominated Oil and Natural Gas Corporation to operate the Panna-Mukta oilfields after the contract with Reliance Industries and Shell runs out in December. Reliance and Shell each own a 30% participating interest in Panna, Mukta and Tapti (PMT) fields, while ONGC holds the balance 40%. Tapti stopped production three years ago while was 10.7% lower than the crude oil and condensate production during the other two fields have been sharply declining, prompting Reliance and April - September 2018 Shell to decide on exiting the fields at the end of the 25-year lease in De- cember. The government has, therefore, directed ONGC to operate Panna Natural gas production from ONGC, OIL, and JV fields also declined by 4.3% and Mukta fields after the two private companies exit on December. ONGC in September 2019-20 when compared with the corresponding month of is preparing to take over facilities of the two fields and put in place teams FY 2018-19. Total import of RLNG during the month of September 2019 that will operate the fields. Once it takes over, ONGC will reassess the fields was 2728 MMSCM and increased of 4.9% over the corresponding month and figure out their investment needs. of the previous year. Natural gas available for sale during September 2019 was 4754 MMSCM and increased of 0.7% over the corresponding month 13. Conclusion: of the previous yea. Total consumption during September 2019 was 4636 Crude oil production by ONGC, OIL, and PVT/JV in the month of Septem- MMSCM. Major consumers were fertilizer 29%, power 20, CGD 19%, ber 2019-20 declined to 5.4% as compared to September 2018. Total refinery 12%, and petrochemicals 7%. Total crude oil processed by Indi- indigenous production during April - September 2019 (16372 TMT) was an refineries was 19.4 MMT during September 2019.Crude oil processed a 6% degrowth over the corresponding period of the previous year. Indig- was lower by 6.9% and 2.3% respectively during September 2019 and enous crude oil and condensate production under PSC fields decreased cumulative April – September 2019 over the corresponding period of the by 11.4% during September 2019 as compared to September 2018. On previous year. Refineries processed 73.4% of high Sulphur crudes during cumulative basis production from PSC fields during April - September 2019 September 2019 as compared to 75.9% in September 2018 © Infraline Technologies (I) Pvt. Ltd. | All rights reserved Infraline.com | December 2019 81 Oil & Gas // Sectoral Reports

14. Tender Information:

Bid Published Bid Submission Sl. No Tender Name Organization Date End Date

1 Engine Coolant Hp Power Kool Rr Nov 08, 2019 Dec 18, 2019 Southern Railway (Friday) (Wednesday)

Liquefied Petroleum Gas Type: Commercial Butane-pro- NORTH Nov 11, 2019 Dec 17, 2019 2 pane Mixture. Confirming To Is: 4576 / 1999 Rev-2 WESTERN RAILWAY (Monday) (Tuesday)

Supply Of Biodiesel Produced From UCO To Oil Market- INDIAN OIL CORPO- Nov 11, 2019 Dec 12, 2019 3 ing Companies Across India RATION LIMITED (Monday) (Thursday)

Expression Of Interest (EOI) For Supply Of Bio-diesel BHARAT PETROLEUM CORPO- Nov 11, 2019 Dec 12, 2019 4 Produced From Used Cooking Oil (UCO) RATION LIMITED (BPCL) (Monday) (Thursday)

HINDUSTAN PETROLEUM Procurement Of Bio-diesel Produced From Used Nov 11, 2019 Dec 12, 2019 5 CORPORATION LIMITED Cooking Oil (Monday) (Thursday) (HPCL))

Stage-2 Fuel Oil Filter To CIL Part No. 2881458 For South Central Nov 11, 2019 Dec 12, 2019 6 1600 Hp Demu. Railway (Monday) (Thursday)

Primary Oils conforming to relevant IS specifications for the following products: Light Diesel Oil (LDO) confirming to IS: 1460? 2000 (4th revision), Amdt.No.2, May 2003). Nov 11, 2019 Dec 10, 2019 7 INDIAN RAILWAYS Furnace Oil (FO) confirming to IS: 1593 / 82 (2nd (Monday) (Tuesday) revision) & Amdt. No. 2 Nov. 1993. Superior Kerosene Oil (SKO)- Non-Domestic, confirming to IS: 1459? 1974 (Re-affirmed 1996)

8 Oil Machinery/general Purpose Machinery To Is:493- EAST CENTRAL Nov 08, 2019 Dec 09, 2019 81 Part 1 RAILWAY (Friday) (Monday)

Procurement Of Cutting Oil Or Coolant For Anca Mx7 DEPARTMENT OF Nov 08, 2019 Dec 06, 2019 9 M/c (01 Item) I.e., Cutting Oil Or Coolant, Grade- DEFENCE PRODUCTION (Friday) (Friday) Blasogrind Hc5 Or Equivalent

KARNATAKA CO-OPERA- Nov 09, 2019 Dec 04, 2019 Supply Of Industrial Oils & Lubricants On Arc Basis TIVE MILK PRODUCERS 10 (Saturday) (Wednesday) FEDERATION LTD

Procurement Of Fuel Water Separator Element URANIUM CORPORATION Nov 11, 2019 Dec 04, 2019 11 Pt. No. 5580012785 (atlas Copco / Epiro Mining) / Fs19766 (fleet guard) For U/g Diesel Equipment OF INDIA LIMITED (UCIL) (Monday) (Wednesday)

Supply Of 14.2 Kg Capacity Domestic LPG Cylin- BHARAT PETROLEUM Nov 08, 2019 Nov 28, 2019 12 ders Fitted With Sc Valves CORPORATION LIMITED (Friday) (Thursday) (BPCL)

82 Infraline.com | December 2019 Research Report

Solar Power Outlook 2030 Marching Towards Grid-Parity

Key Highlights Executive Summary Identification of Solar Energy Potential Amidst the depleting hydrocarbon resources and looming threat of global warming, in the country along with detail moving towards renewable energy seems an obvious choice. Considering the assessment of Policies and Mechanism growing share of the renewable energy in the world’s total energy basket, it would for Solar Power be a misnomer to call renewable energy an ‘alternate source of energy”. The rapidly expanding economy of India (World’s fastest) is witnessing demand for energy Analysis of Tariff and CAPEX for setting outstripping supply. As India is mostly dependent on imports for its energy needs, up Solar Projects in India the increasing prices of hydrocarbons are impacting industries across the sectors. Snapshot of Countries leading Solar Endowed with an average solar insolation of 4-7 kwh/m2 and more than 300 sunny Energy Installations days in a year, India has potential to shine in solar power generation. A number of Forecast for Grid Connected and factors like, zero fuel cost and wide-range of utility coupled with no direct impact on environment provide solar power generation technology an edge over others. Off-Grid Solar Energy with respect to Targets Growth Drivers for Solar energy industry in India

Key Questions Answered Demand Supply Gap When will Solar Energy reach Grid

Parity? Rural Electrification Policy Intervention Potential Challenges ahead in Achieving Growth 2022 target of 100 GW Solar? Drivers

What are the Trends for Tariff and Enviornment CAPEX for setting up Solar Project in State Level Policies Concerns India?

Solar Purchase A must buy for JNNSM Obligations (RPO's) Government Bodies Investors “Government may not achieve even half of 2022 solar rooftop energy Policy Makers & Academia target of 40 GW” The Indian government has a huge target installing 40 GW of energy through solar Solar PV Manufacturers rooftop by 2022, but is not expected to achieve even half of it by December 2021. Consultants The infographic report, India Solar Rooftop Map, said the country’s rooftop solar capacity had reached crossed 2 GW as and is expected to cross the 4GW-mark at the For Priority Business end of 2019. Indian rooftop solar market is finally beginning to realise its potential. Rajesh Singh Panwar Industrial and commercial customers remain the biggest market segment. These customers can make excellent savings from cheaper solar energy and also reduce [email protected] their carbon footprint. Public sector segment is also expected to show robust growth Mob: +91 9711786999 in the coming years because of strong government push combined with 25-30% Ph: +91 120 6799125,160 capital subsidies. renewaBlE NEWS // Domestic

Tata Signs PPA for a 250 MW Solar Project at Gujarat Dhol- era Solar Park

The renewable arm of Tata Power, Tata Power Renewable Energy Ltd. (TPREL), has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd. (GUVNL) for a 250 MW grid-connected solar project to be set up at the Dholera Solar Park in Gujarat. The Dholera solar park is estimated to cover an area of more than 27,000 acres upon completion. GUVNL had floated a tender on January 16, 2019, for the purchase of power from 1,000 MW of grid-connected solar PV power projects to be set at Dholera Solar Park. Even after four bid extensions, the tender ended up being undersubscribed by 700 MW. TPREL was awarded the Letter of Award (LoA) for the development of the 250 MW project.

Germany ready to provide 1 billion euros to India for green urban mobility India and Germany on Friday agreed to provide financial support to climate initiatives aimed at reducing greenhouse gas emissions, with the latter expressing its readiness to provide one billion Euros to India ReNew Power becomes 11th firm globally to reach 5,000-Mw for green urban mobility. The two countries signed a joint declaration green capacity on the matter after Prime Minister Narendra Modi met German Chan- ReNew Power has joined the global club of top renewable power cellor Angela Merkel, who was on a two-day visit to the country for generation companies by becoming the eleventh firm to reach 5,000 the 5th Indo-German Inter-Governmental Consultations to strengthen megawatt (Mw) of installed capacity. Of this, 3,100 Mw is wind and bilateral ties. Both leaders expressed grave concerns over the currently 1,900 Mw is solar. India’s largest renewable power company on Sun- inadequate global level of climate action and called on all countries day commissioned a 250 Mw plant in Rajasthan’s Bikaner. The plant to step up on their efforts. A joint statement issued after the meet- with robotic cleaning technology is the second-largest solar firm of ing said both the countries concurred that providing low-carbon and ReNew — the first being in Maharashtra. Power from the Bikaner plant sustainable mobility solutions that serve the needs of all citizens is a would be supplied at Rs 2.72 a kilowatt per hour (unit) to Maharashtra. key challenge for both emerging and industralized economies. “Both “There are 10 other companies globally that have crossed this mark. sides agreed to foster cooperation on low-carbon mobility solutions When we started off eight years back, the largest portfolio was just and welcomed the signing of the new Joint Declaration of Intent on 150 Mw. The whole scale of the industry has changed dramatically,” the Indo-German Partnership on Green Urban Mobility wherein the Sumant Sinha, chairman and managing director, ReNew Power, told German side expressed its readiness to provide additional finance of Business Standard. Sinha said crossing the 5,000-Mw mark was a big 1 billion euros to support improvements in green urban mobility infra- achievement, which was made possible because of opportunities, size structure and services, and strengthen capacities of national, state and of the market, and the government’s push. ReNew’s capacity in India local institutions to design and implement sustainable, inclusive and is followed by 3,700 Mw of Greenko, 2,700 Mw of Tatas, 2,300 Mw smart mobility solutions in Indian cities,” it said. The countries also of Adani, and 2,000 Mw of ACME. The company would be achieving agreed to dedicate a part of the 35 million euros under the framework 8,000 Mw capacity in another eight months, with additional 3,000 Mw of the bilateral call of the International Climate Initiative to grid ex- coming largely from tenders of NTPC and Solar Energy Corporation of pansion and storage systems for renewable energy and a part to forest India (SECI). landscape restoration.

84 Infraline.com | December 2019 Masdar’s $150 mn investment values Hero Future at $750 mn Masdar, also known as the Abu Dhabi Future Energy Co., has acquired around 20% in Hero Future Energies Pvt. Ltd (HFE) for $150 million, establishing the value of the Indian renewable firm at $750 million. “The strategic investment of $150 million by Masdar will help facilitate the further expansion of HFE in India and other key growth markets,” Hero Future Energies said. Masdar is owned by the UAE government’s sovereign wealth fund, Mubadala Investment Co. Sovereign wealth funds are preferred investors for their so-called patient capital, which seeks modest yields over time. The investment in the renewable energy firm comes against the backdrop of India’s growing strategic engagement with the UAE. Also, the UAE has supported India’s position over the issue of New Delhi revoking a provision in its Constitution that gave special status to Jammu and Kashmir. Annual bilateral trade between India and the UAE stood at about $60 billion in 2018-19 and the UAE was India’s third-largest trade partner. The UAE is also a key source of energy for India, being the fourth-largest exporter of crude oil for India. The Indian renewable energy sector is going through a rough phase, with delayed payments to generation utilities. The payment delays by state-run power distribution companies range from two months to 15 months. Besides, there are problems with non-allocation of land to wind power projects, as well as transmission and connectivity challenges.

Allocate 60,000 hectares for solar & wind park on priority, Centre tells state The central government on Wednesday directed the state government NRI offers help in generating power from stubble in Punjab to hasten the allocation of 60,000 hectares of land for the solar and wind park project in Kutch district. The project is expected to attract an To address the problem of the stubble burning, an India-born NRI busi- investment of about Rs 1.35 lakh crore. The proposed solar and wind nessman has proposed to set up 1,000 MW biomass energy generating park is one of the projects of national importance that are reviewed plants in his home state Punjab. The US-based Chiranjeev Kathuria told every month under the PRAGATI (Pro-Active Governance and Timely IANS here on Friday that his company New Generation Power Interna- tional has plans to invest in 4,000 MW in power projects in Punjab. Out Implementation) programme. The PRAGATI programme is monitored of these projects, 3,000 MW would be generated by the solar power and by Prime Minister Narendra Modi himself. A top state government the remaining by using the biomass made from the stubble of both paddy source said that the PM wanted to know the reasons for the slow and wheat crops. According to him, the crop residue would be purchased pace of some key projects. “He specifically reviewed the land allocation from the farmers and this would help counter environment pollution, a process of 60,000 hectares which is close to the border with Paki- serious problem in Northern India. The plan is to set up 200 plants, each stan,” the source stated. “Unlike private land, of which acquisition is having 5 MW capacity, which will use the stubble as raw material. This both challenging and expensive, this land is completely owned by the will help in solving the stubble burning issue. Each plant will be located government. The PM has directed that the process of land allocation strategically near a major sub-station and will cater to 10-15 villages, he be completed quickly and a report on the action taken be sent within said. State Revenue Minister Gurpreet Kangar said the power produced a week.” Gujarat Industries Power Company Limited (GIPCL), a state by the plants set up would be fed directly into the main grid. The Punjab government undertaking, is the nodal agency for the implementation State Power Corp Ltd will get the benefit of this additional power. This of the project. Around 30,000MW of solar and wind power is expected initiative will cost about Rs 25,000 crore and will be set up by Kathuria to be generated at the park on build-operate-and-transfer (BOT) format, the Minister said.

Infraline.com | December 2019 85 renewaBlE NEWS // world

US annual wind operations and maintenance spending to decline to $7.5 billion Annual spending on wind energy operations and maintenance is expected to reach $7.5 billion by 2030. The study, 2019 Wind Power Plant Benchmarking in North America: Technological Advancements for Operations and Maintenance, states that: The increase in spending is owing to the race amongst stakeholders to leverage the soon to expire federal tax credit for wind energy. The tax credit has previously driven massive growth in wind energy spending. 2018 capital spending reached $12 billion and is expected to average at $14 billion per year, between 2019 and 2021. Texas far outpaced other states and provinc- es in 2018 spending ($1.3 billion) and employment, the report said. California followed with more than $400 million in spending. Spending and employment growth will be stronger in the Great Plains and upper Midwestern states, such as Iowa, Oklahoma, Kansas, Illinois, Colorado and Minnesota. By 2030, these six states will increase annual O&M spending by $1.3 billion. Employment opportunities from construction to O&M jobs are however expected to increase in the early 2020s.

Financial closure for 42MW Swedish wind build Swiss energy company Fu-Gen and UK asset manager Abraxas Capital Management have reached financial closure on the 42MW China Solar Power Dims Under Reduced State Support Fjallboheden wind farm in Sweden. The €56m project, which is lo- The addition of solar power to China’s grid plunged 54% in the first cated in Vasterbotten county, northwest of Skelleftea, will feature nine months of the year compared with the previous year, as develop- 10 Vestas 4.2MW turbines. Installation of the grid connection lines ers cooled to the renewable energy source under a strict, less lucrative will be initiated this month, with access roads and foundations to new program that’s part of Beijing’s plan to wean the sector from state be built during the summer of 2020. Fjallboheden will be built support. Installation of new solar energy totaled 16 gigawatts (GW) in under the direction of Cameus and Topwind Consultancy and will the nine months through September, including just 4.6 GW installed start producing energy in the summer of 2021. Fu-Gen and Abrax- in the third quarter, according to data released by the National Energy as acquired the project from Engie in July. Fu-Gen chief executive Administration (NEA) on Tuesday. In July the NEA had forecast that Yaron Feingers said: “This project is in line with the company’s new solar power installation in China would reach about 40 GW to 45 vision and strategy. “Our local team is well established in the re- GW this year. “Solar power installation in the first three quarters of the gion and we are excited to expand our portfolio in Northern Swe- year wasn’t ideal,” said Wang Bohua, secretary general of the China den with Fjallboheden and other projects in the future.” Abraxas’s Photovoltaic Industry Association, at an industry event last week. Wang Balthazar Cazac said: “We have identified Sweden as an optimal said the lower-than-expected installations are related to a new system core market for our Sustainable Investment Fund’s growth and di- announced in May and effective July 1. Under that system, solar plants versification strategy. “We are excited about the cooperation with no longer sell electricity to the grid at fixed prices that historically were Fu-Gen and the construction of Fjallboheden. “We look forward (often) higher than those for traditional fossil fuel-generated power so to opportunities for investments in more wind power projects, to- that the higher cost of generating renewable energy can be compen- gether with Fu-Gen in Sweden.” sated for. Instead, such plants must now compete against each other in a bidding system designed to win the grid operator at the lowest rates.

86 Infraline.com | December 2019 5% of Israel’s electricity now produced from solar energy

The amount of electricity produced from solar energy in Israel exceeded 5% of the total electricity consumption this year, for the first time as stated by Israel Electric Cor- poration (IEC) senior VP operations and logistics, Itzhak Balmas at the annual conference of the Association of Electrical and Electronics Engineers in Israel.

Canadian Solar Won 190.5 MWp Solar Power Projects in Brazil Canadian Solar Inc. (the “Company”, or “Canadian Solar”), one of the world’s largest solar power companies, announced that it has been Engie breaks ground on Texas mega-solar awarded two solar photovoltaic (PV) projects totaling 190.5 MWp in the 7th Brazilian Federal Auction held in October 2019. This was the Engie North America has started construction of the 225MW Long first time that Solar participated in an A-6 energy auction. The Brazilian Draw solar farm in Texas.The project, located in Borden County, is slat- government allocated a total of 2,979 MW of generation capacity, of ed to come online in the summer of 2020. It will deliver electricity to which 530 MW was solar. Canadian Solar will develop and build the four Texan municipalities – New Braunfels, Denton, Garland, and Ker- 152.4 MWp Gameleira project in the State of Ceará and the 38.1 MWp rville – and their electric utilities via a 15-year power purchase agree- Luiz Gonzaga Project located in the State of Pernambuco. The construc- ment (PPA) for the project’s full capacity. Long Draw will comprise over tion is expected to start in Q3 2021 and Q1 2022 respectively, and the 800,000 solar panels, employ some 150 people during peak construc- projects will both reach commercial operation before January 2023, tion, and generate total estimated tax payments of more than $10 two years earlier than the date required by the government. Once in million to Borden County and the Borden County Independent School operation, the two solar power plants will generate (approximately) District over the life of the project, Engie said. It added that the PPA 433 GWh of electricity annually. 30% of the electricity generated by stemmed from an original request for solar energy proposals issued by the plants will be purchased by a pool of distribution companies under New Braunfels Utilities, which in turn partnered with Denton Municipal two 20-year power purchase agreements (PPAs), with an average con- Electric, Garland Power & Light and Kerrville Public Utility Board on the tracted price of 84.38 BRL/MWh, or approximately US$22.32/MWh. purchase. New Braunfels Utilities has contracted 100MW out of which The rest of the electricity will be purchased under long-term private Denton will purchase 75MW and Garland and Kerrville 25MW each. PPAs which are under negotiation.

Infraline.com | December 2019 87 renewaBlE // Tenders

Tenders

Published Issuer Tender Close Open Value State Tender Date Name Name Date Date (Rs. Info Crore)

O&M of 2x3.3 MW grid con- “ Bids were invited for operation & maintenance (O&M) of 2x3.3 MW BLDE nected ground mounted solar NA grid connected ground mounted solar power plant located at BLDE 13-11-2019 Association & power plant located at BLDE 27-11-2019 Karnataka University Association (New Campus), Association (New Campus), Solhapur Road in Vijayapura district of Solhapur Road Karnataka.“

Life Insurance SITC of grid interactive roof “ Bids were invited for supply, installation, testing & commissioning top solar PV in Raichur, NA Multi States 14-11-2019 Corpn. of Belgavi, Bangalore, Machili- 05-12-2019 (SITC) of grid interactive roof top solar PV in Raichur, Belgavi, Bangalore, India patnam & Tirupati Machilipatnam & Tirupati.“

Design, engineering, supply, Rajasthan electrical work including “ Bids were invited for design, engineering, supply, electrical work in- Electronics & NA cluding laying of transmission line, packing and transportation, storage, 07-11-2019 laying of transmission line 21-11-2019 22-11-2019 Rajasthan Instruments of 2 MWp solar power plant installation and commissioning of 2 MWp solar power plant with AMC Ltd. at Jalipa period of 5 years at Jalipa in Barmer district of Rajasthan“

Engaging third party inspection agency for the work of design, “ Bids were invited for engaging third party inspection agency for the Kolkata Port construction of 1 MW (AC) Solar NA West work of design, engineering, supply, construction, erection, testing and 06-11-2019 Trust PV Power Plant at Haldia Dock 27-11-2019 Bengal commissioning of 1 MW (AC) Solar PV Power Plant at Haldia Dock Complex, KoPT (BC) Complex, Kolkata Port Trust in Midnapore district of West Bengal.“

Procurement of energy from Damodar renewable (solar & non solar) “ EoI was invited for procurement of energy from renewable (solar & 06-11-2019 Valley or cogeneration sources with- 06-12-2019 NA Multi States non solar) or cogeneration sources withing West Bengal or outside the Corpn. ing West Bengal or outside state.“ the state (EoI)

Turnkey design, supply, installa- Hindustan tion of 260 kWp grid connect- “ Bids were invited for turnkey design, supply, installation & commission- NA ing of 260 kWp grid connected solar photovoltaic power generating 04-11-2019 Petroleum ed solar photovoltaic power 25-11-2019 25-11-2019 Maharashtra Corpn. Ltd. generating power generating power generating plant under net metering at MPSPL, Talegaon in Pune plant at MPSPL, Talegaon district of Maharashtra.“

88 Infraline.com | December 2019 Published Issuer Tender Close Open Value State Tender Date Name Name Date Date (Rs. Info Crore)

Supply, installation & commissioning of grid connected “ Bids were invited for supply, installation & commissioning of grid Punjab Energy rooftop solar power plants NA 06-11-2019 Devp. Agency through RESCO model of 04-12-2019 06-12-2019 Punjab connected rooftop solar power plants with net metering facility through cumulative capacity 10 MW RESCO model of cumulative capacity 10 MW in Punjab.“ in Punjab

Engagement of solar power developer & operator to set “ EoI was invited for engagement of solar power developer & operator NA Chhattis- 06-11-2019 Coal India Ltd. up 100 MWp capacity solar to set up 100 MWp capacity solar power project for captive consump- power project in Chhattisgarh garh tion purpose in Chhattisgarh“ (EoI)

Design, supply, installation, testing & commissioning “ Bids were invited for design, supply, installation, testing & commission- CIAL Infra- of 12 MWp grid connected NA 02-11-2019 structures Ltd. solar PV power system at 04-12-2019 Kerala ing of 12 MWp grid connected solar PV power system at Etukuduk- Etukudukka ka, Payyannur in Kannur district of Kerala.“

Ajmer Design, survey, SITC of distri- “ Bids were invited for design, survey, supply, installation, testing, bution grid connected solar commissioning (SITC) and 5 years comprehensive maintenance of Electricity NA 02-11-2019 Distribution PV systems for solarization Rajasthan distribution grid connected solar PV systems for solarization of grid con- Corpn. Ltd. of grid connected agriculture nected agriculture consumers in Rajasthan under Kusum scheme-com- consumers in Rajasthan ponent-C.“

Uttarakhand Empanelment of firm for “ Bids were invited fot rate contract & empanelment of firm for grid grid connected rooftop solar connected rooftop solar power plants for design, supply, erection, testing Power Corpn. 50 03-11-2019 Ltd. power plants for design, SETC 29-11-2019 30-11-2019 Uttarakhand & commissioning (SETC) including 5 years comprehensive warranty of 1 to 25 kWP of MNRE maintenance of 1 kWP to 25 kWP under grid interactive rooftop solar Phase-II in various places of power plants of MNRE Phase-II & the solar power policy in various Uttarakhand places of Uttarakhand.“

Power block package of 600 NTPC Ltd. TPD (2x300) integrated waste “ Bids were invited for power block package of 600 TPD (2x300) inte- 29-10-2019 to energy project at Ghonda 29-11-2019 29-11-2019 NA Delhi grated waste to energy project at Ghonda Gujran in Delhi.“ Gujran in Delhi

Design, engineering, procure- “ Bids were invited for design, engineering, procurement & supply, Assam Power ment & supply, const. & erec- construction & erection, testing, commissioning, associated transmission 25-10-2019 Generation tion, testing, commissioning NA Assam system & comprehensive operation & maintenance for 5 years of 25 Corpn. Ltd. of 25 MWp solar PV power MWp solar photovoltaic (PV) power plant at Namrup Thermal Power plant at Namrup TPS Station (TPS) in Dibrugarh district of Assam.“

“ Bids were invited for establishment & comprehensive operation & Balance of system package maintenance of ocean thermal energy conversion powered desalination 21-10-2019 NTPC Ltd. for Anta solar power project 21-11-2019 22-11-2019 NA Rajasthan plant of 100 m3/day capacity of process equipment such as turbine, in Rajasthan tunneling and submarine HDPE pipe at Kavaratti at Kavaratti Island in Lakshadweep.“ 17-10-2019 National Insti- Establishment & comprehensive “ Bids were invited for establishment & comprehensive operation & tute of Ocean O&M of ocean thermal energy maintenance of ocean thermal energy conversion powered desalination Technology conversion powered desali- 27-12-2019 27-12-2019 NA Lakshadweep plant of 100 m3/day capacity of process equipment such as turbine, nation plant of 100 m3/day tunneling and submarine HDPE pipe at Kavaratti at Kavaratti Island in capacity at Kavaratti Island Lakshadweep.“

Some other Tender

Tender brief Closing date Issued By

SECI Selection Of Consultancy Firm For Owners Engineer (Oe) Services For 160 Mw Solar Wind Hybrid Project With Bess At Ramagiri District In Andhra Pradesh During Design, Construction, Commissioning And Operations 06-Dec-19

SECI Request for Selection (RfS) Document For Selection of RE Power Developer for “Round-the-Clock” Supply of 400 MW RE Power to NDMC, New 03-Dec-19 Delhi, and Dadra & Nagar Haveli under Tariff-based Competitive Bidding (RTC-I) SECI For Setting Up Of 1200 Mw Ists-Connected Wind Power Projects (Tranche-Ix) 20-Nov-19

SECI Tender For Design, Engineering, Supply, Construction, Erection, Testing & Commissioning of cumulative 1.95 MW (AC) Solar PV Power Plant 25-Nov-19 with 2.15 MWh BESS having 10 years Plant O&M at 04 Different Islands of Union Territory, Lakshadweep, India

SECI Tender for Selection of Project Developers for setting up of 1200 MW ISTS-Connected RE Projects with assured Peak Power Supply in India (ISTS-VII) 29-Nov-19

SECI Selection of Solar Power Developers for Setting up of 500 MW Grid Connected Solar Photovoltaic Power Projects in TAMIL NADU PHASE-I 09-Dec-19

SECI RfS for 7500 MW Ultra-Mega Solar Power Projects in Leh-Kargil Districts, Jammu & Kashmir 29-Nov-19

SECI RfS for Selection of Project Developers for setting up of 1200 MW ISTS-Connected RE Projects with assured Peak Power Supply in India (ISTS-VII) 29-Nov-19

Infraline.com | December 2019 89 renewaBlE // top companies

SR No Company Name SR No Company Name

1 Acme Solar 21 EDEN Renewable 2 Adani Green 22 EDF Renewable 3 Aditya Birla Renewable 23 Engie Solar 4 Alfanar 24 Equis Energy 5 Alpex Solar 25 Essel Green Energy 6 Amplus Solar 26 First Solar 7 Atha group 27 Fortum Solar 8 Atria Solar 28 FRV Solar Holdings 9 Avaada power 29 General Electric 10 Ayana Renewable 30 Gensol Solar 11 Azure Power 31 Goldi Solar 12 Banga solar 32 Greenko 13 Betam Wind Energy 33 GRT Jewellers (India) Pvt Ltd 14 BHEL 34 GSE Renewables 15 BLP Energy 35 Hartek 16 Canadian Solar 36 Hero future energies 17 CETC Renewable Energy 37 Hindustan clean energy 18 cleanmax Solar 38 Inox Wind 19 Cleantech Solar 39 Jakson Power 20 Delta Electronics ( FOR Electric Vehicle) 40 Jinko Solar

90 Infraline.com | December 2019 SR No Company Name

41 Karvy Solar 42 KCT renewable Energy 43 krannich Solar Pvt Ltd 44 L&T 45 Lanco Solar Energy 46 Longi Solar 47 Loom Solar 48 Mahindra Susten 49 Mytrah Energy 50 NLC india 51 NTPC 52 OPG Power 53 Orange renewables 54 ORB energy 55 Ornate solar 56 ostro Energy 57 Patanjali renewables 58 Premier Solar 59 Rattan India 60 Rays power Infra 61 ReGen Wind 62 Renesola 63 ReNeW Power SR No Company Name 64 Rhine Solar 65 Rising Sun Private Limited 83 Sunsure Energy 66 Sanelite Solar 84 Suzlon 67 SB Energy 85 Tata Power Renewable energy 68 Sembcorp 86 Thermax 69 Shapoorji Pallonji Solar PV Private Limited 87 Think Energy 70 Siemens Gamesa 88 Topsun Energy Ltd 71 Skypower 89 Torrent Power 72 Solairedirect 90 Trina Solar 73 Solar arise 91 ujaas Solar 74 Solarmaxx 92 UTL 75 Solex Energy Limited 93 Vena Energy 76 Solis inverters 94 Vestas India 77 Sprng Energy 95 Vikram solar 78 Sterling and wilson 96 Vivaan Solar 79 Sukam Solar 97 VRG energy 80 Sukhbir Agro 98 Waare Solar 81 Sunedison Solar 99 Welspun Renewable Energy Pvt Ltd 82 Sunsource energy 100 Wind World

Infraline.com | December 2019 91 renewaBlE // Sector Statistics

State-wise installed capacity of Renewable Power as on 31.10.2019. State-wise Grid connected Solar Rooftop Installed capacity As on 31.10.2019.

Sl. No. States Total Capacity (MW) Sl. No. State /ut Capacity (MW)

1 Andhra Pradesh 8071.72 1 Andhra Pradesh 86.08 2 Arunachal Pradesh 136.72 2 Arunachal Pradesh 4.34 3 Assam 75.34 3 Assam 30.56 4 Bihar 341.25 4 Bihar 10.42 5 Chhatisgarh 537.85 5 Chhattisgarh 15.52 6 Goa 4.83 6 Goa 3.83 7 Gujarat 10030.99 7 Gujarat 405.08 8 Haryana 526.68 8 Haryana 116.72 9 Himachal Pradesh 943.34 9 Himachal Pradesh 12.63 10 Jammu & Kashmir 199.16 10 Jammu & Kashmir 10.64 11 Jharkhand 46.75 11 Jharkhand 19.35 12 Karnataka 14335.35 12 Karnataka 221.26 13 Kerala 426.63 13 Kerala 41.39 14 Madhya Pradesh 4852.63 14 Madhya Pradesh 48.3 15 Maharashtra 9363.73 15 Maharashtra 214.03 16 Manipur 9.75 16 Manipur 4.3 17 Meghalaya 46.45 17 Meghalaya 0.12 18 Mizoram 37.89 18 Mizoram 1.32 19 Nagaland 31.67 19 Nagaland 1 20 Odisha 521.13 20 Odisha 13.72 21 Punjab 1448.50 21 Punjab 118.52 22 Rajasthan 9182.50 22 Rajasthan 201.15 23 Sikkim 52.18 23 Sikkim 0.07 24 Tamil Nadu 13456.73 24 Tamil Nadu 153.33 25 Telangana 4017.32 25 Telangana 90.46 26 Tripura 25.42 26 Tripura 4.41 27 Uttar Pradesh 3185.71 27 Uttar Pradesh 146.1 28 Uttarakhand 659.81 28 Uttarakhand 75.21 29 West Bengal 526.91 29 West Bengal 42.24 30 Andaman & Nicobar 17.44 30 Andaman & Nicobar 4.59 31 Chandigarh 36.99 31 Chandigarh 30.65 32 Dadar & Nagar Haveli 5.46 32 Dadra & Nagar Haveli 2.97 33 Daman & Diu 16.02 33 Daman & Diu 5.87 34 Delhi 200.41 34 Delhi 139.45 35 Lakshwadeep 0.75 35 Lakshwadeep 0 36 Pondicherry 3.20 36 Puducherry 3.17 37 Others 4.30 37 Others 0 Total 83379.50 Total 2278.8

92 Infraline.com | December 2019 REC Trading Volume & Price at IEX for Oct’2019 REC Type Buy Bid (REC) Sell Bid (REC) Total Volume Traded (REC) Equlibrium Price (INR/REC) No. of Participants Solar 659128 59944 59944 2400 290 Non-Solar 703274 515874 388821 1650 343

REC Trading Volume & Price at PXIL for Oct’2019 REC Type Buy Bid (REC) Sell Bid (REC) Equlibrium Price (INR/REC) Total Volume Traded (REC) Solar 254763 39636 2400 39636 Non-Solar 259433 198874 1650 177509

Renewable Energy Sector investment Deals, IPO, M&A, Green Bonds and PE Month of Stake Announcement Company name Deal type Sector Acquirer/ Investor Deal value acquired

19-Sep Bajaj Energy IPO NA NA INR 54500 Million NA 19-Sep ReNew Bonds Renewable HSBC, JP Morgan and Barclays $300 Million NA 19-Sep Vestas PE Wind IKEA (Ingka Group) $151 Million 80% 19-Sep Gensol IPO Solar NA INR 170 Million NA 19-Oct Orb Energy M&A Solar Shell NA 20% 19-Oct Adani Green Energy Green Bonds Solar NA $362.5 million NA 19-Oct SunEdison M&A Solar Avyan Renewable NA 31%

Programme/Scheme wise Physical Progress in 2019-20 & Cumulative upto Oct, 2019 FY- 2019-20 Sector Cumulative Achievements Achievements (as on 30.10.2019) Target (April-October 2019) I. GRID-INTERACTIVE POWER (CAPACITIES IN MWp)

Wind Power 3000 1464.06 37090.02 Solar Power - Ground Mounted 7500 3033.14 29417.44 Solar Power - Roof Top 1000 482.45 2278.8 Small Hydro Power 50 53.95 4647.1 Biomass (Bagasse) Cogeneration) 150 28 9131.5 Biomass (non-bagasse) Cogenera- 100 0 674.81 tion)/Captive Power Waste to Power 2 1.5 139.8 Total 11802 5063.1 83379.47 II. OFF-GRID/ CAPTIVE POWER (CAPACITIES IN MWEQ) Waste to Energy 10 10.91 189.63 Biomass Gasifiers 1 2.8 166.17 SPV Systems 400 20.86 936.47 Total 411 34.57 1292.27

Infraline.com | December 2019 93

renewaBlE // Sectoral Reports

Inpower – An Infraline’s Monthly Stream Which INPOWER Highlights Information Related To Renewable Energy Sector And Aims To Provide Insights Of RE SECTOR OUTLOOK Regulatory And Industrial Developments In RE Value Chain.

94 Infraline.com | December 2019 SHP, Waste to Bagasse, 11.9% Energy, 2.1% 0.2% SHP, Waste to Energy, INPOWER RE SECTOR OUTLOOK BagasseBiomass, ,11.9% Waste0.2% to Installed Capacity As on 31.10.2019 2.1%1.9% SHP, Waste to Bagasse, SHP11.9%, Energy, BagasseBiomass, ,11.9% Energy0.2%, Sector Capacity (MW) 2.1% Wind, Installed Capacity As on 31.10.2019 2.1%1.9% 0.2% WindSector Power Statistics 37090.02 Solar, 50.6% Production Outlook Biomass33.3%, InstalledSector Capacity As on 3Capacity1.10.2019 (MW) Biomass1.9%, InstalledSolar Capacity As on 31.10.2019 29417.44 Wind, 1.9%Solar, SolarWind PowerRoof Top 370922780.0.82 50.6% SectorInstalled Capacity As onCapacity 31.10.2019 (MW) 33.3% Wind, Solar Sector Capacity (MW)29417 .44 Small Hydro 4647.1 Solar, Wind50.6%, Wind Power 37090.02 Solar, WindSolar SectorPowerRoof Top Capacity 3(MW)709220.780.28 33.3% 50.6% BioSolar Energy 9806.3129417.44 33.3%

SolarSmall Wind Hydro Power 37090.02294174647.44.1 WasteSolar toRoof Power Top 139.82278. 8 Solar SolarRoof Top 29417.44 2278.8 TotalBio Energy 83379.479806.31 SmallSolar Hydro Roof Top 2278.8 4647.1 SmallWaste Hydroto Power 46139.847.1 Bio EnergySmall Hydro 4647.1 9806.31 Renewable Energy Certificates Trading BioTotal EnergyBio Energy 9806.3183379.479806.31 Waste to Power 139.8 REC Trading in IEX for October’2019 WasteWaste to Power to Power 139.8 139.8 Non-Solar REC trading in IEX during October decreased with respect to Total 83379.47 TotalT otal 83379.4783379.47 previous month. On the other hand,474837 the Solar REC trading is showing increasing trend. 388821 474837 Generation Outlook 388821 236801 Renewable Energy Share in energy Mix 474837 474837 During Sep’2019, RE sources contributed 9.1% in the total generation. 388821 Renewable energy sector generated 10.8 Bu in Sep’2019. RE genera- 59944388821 58919 56809236801 Bhutan tion was 15.09 Bu in previousRenewable month. RE ,generation decreased due to change in season.Import, 9.1% 236801 Hydro, 59944 58919 56809236801 Bhutan0.7% Oct Sep Aug 14.6% Renewable, Import, 9.1% 59944 Solar58919Non-Solar 56809 Hydro, Bhutan 59944Oct 58919Sep 56809Aug Bhutan0.7% Renewable, 14.6% Import, Renewable, Import, 9.1%Thermal, NuclearHydro, , 0.7% 9.1% Oct Solar SepNon-Solar Aug Hydro, 73.3% 2.2%14.6% 0.7% Oct Sep Aug 14.6% Thermal, Solar Non-Solar Nuclear, Solar Non-Solar 73.3% REC Trading in PXIL for October’2019 2.2% Thermal, Non-Solar REC trading in PXIL during October decreased with re- Nuclear, Thermal, Nuclear, 73.3% spect to previous month. On the other hand, the Solar REC trading 2.2% 73.3% 2.2% is showing increasing trend.

243195

177509 243195 124865 Technology Wise share breakup in generation during August’19 177509 243195 243195 39636 23484 124865 177509 12038 During September’2019, Wind energy had the highest share in and 177509 contribute around 50% of total RE generation. Solar and Small hydro 39636 124865 Oct 23484Sep Aug124865 contributed 33.3% and 11.9% respectively. Wind energy share de- 12038 creased due to season change. 39636 Solar23484Non- Solar 39636Oct Sep 12038Aug 23484 12038 Oct Solar SepNon- Solar Aug Oct Sep Aug Solar Non- Solar Solar Non- Infraline.comSolar | December 2019 95

renewaBlE // Sectoral Reports

REC Price for October’19 in PXIL & IEX • 100% banking of energy shall be permitted for all captive and open Price for Solar REC hit the INR 2400/REC and for non-solar INR 1650/ access consumers @2% banking charges. REC in both the exchanges. This is the record highest price for Solar • Minimum size of distributed renewable energy system that can be set REC till date. up under this arrangement shall be 500 kW

3000 MNRE Guidelines for Tariff Based Competitive Bidding Pro- 2400 2400 cess for Procurement of Power from Grid Connected Wind 2500 Solar Hybrid Projects 2000 1650 1650 The objective of issuing the guidelines is to provide a framework 1500 for procurement of electricity from wind solar hybrid power project 1000 through a transparent process of bidding including standardization of 500 the process and defining of roles and responsibilities of various stakeholders. Key highlights include: 0 • The applicability of the guidelines for long term power procurement IEX PXIL is from Wind-solar hybrid project of 5 MW and above at one site with Solar Non-Solar minimum bid capacity of 25 MW for intrastate projects. For inter-state projects, individual size of 50 MW and above at one site with minimum bid capacity of 50 MW. Solar Projects Commissioned in Oct 2019 • To reduce the variability of output power from wind solar hybrid project, storage may be added to the hybrid project. • The procurer is provided payment security to the generator through Projects commissioned in October letter of credit, payment security fund and state government guaran- Project Capacity State tees. Developer Technology (MW) Projects commissioned in October • Earnest Money Deposit to be fixed by the procurer not more than 2% Adani Green Energy Wind 50 Gujarat and Performance Bank Guarantee (PBG) to be fixed at not more than AdityaProject Birla Group Solar Capacity24 Odisha Technology State 5% of the estimated capital cost for hybrid project. developerReNew Power Solar 250(MW) Rajasthan • Financial closure shall be attained within 7 months from the date of AdaniReNew Green Power Solar 3 Rajasthan Wind 50 Gujarat execution of the PPA. Energy ReNew Power Wind 64 Gujarat • On account of grid unavailability or in the eventuality of a back- Aditya Birla Solar 24 Odisha down, Hybrid power generator should be compensated for the gen- Group eration loss. ReNew Solar 250 Rajasthan • Change in Law shall not include any change in (a) taxes on corporate RegulatoryPower & Policy Update income or any change in any withholding tax on income or dividends; ReNew Solar 3 Rajasthan and (b) Custom duty on imported equipment. ChhattisgarhPower Grid Interactive Distributed RE Source Regula- tions,2019ReNew Wind 64 Gujarat MPERC First Amendment to (Forecasting, Scheduling, DSM ChhattisgarhPower issued regulations specifying the terms and conditions for and related matters of Wind and Solar generation Stations) grid interactive distributed RE sources. The distribution licensee shall Regulations,2018. implement a web-based application processing system for processing • Regulations applicable to all wind power generators having 10 MW the applications for distributed renewable energy systems within three and above capacity and solar power generators having 5 MW and months from the date of notification of these Regulations. Matters re- above capacity. These are also applicable to power selling through lated to subsidy application shall be dealt by the State Nodal Agency. open access outside the state having installed capacity of 1 MW and The distribution licensee shall every year submit information related to above. the capacity added and energy procured from DRE systems within one • Its mandatory to appoint a common qualified coordinating agencies month from the end of financial year (QCAs) within two months from the date of issue of notice by the State Load Dispatch Center (SLDC), else the concerned licensee will be asked Some of its salient features are: to disconnect the defaulting generators. • A consumer can set up solar plant on its own location or on the • MPERC has asked QCA’s to submit payment security in the form of premises of a third-party owner under a contractual agreement. Bank Guarantee towards the settlement of Deviation settlement mech- • Under net metering arrangement, distribution licensee shall pro- anism (DSM) charges. Payment security has to be provided for Solar at cure excess energy generated at lowest rooftop solar tariff discovered INR 10,000/MW and for Wind at INR 40,000/ MW. through competitive bidding in the last financial year.

96 Infraline.com | December 2019 • Intra-day revisions are to be restricted to 16 revisions in a day at an Union Ministry of Environment, Forest, and Climate Change.Gujarat interval of 1.5 hrs (in line with CERC guidelines). Earlier, there was no recently announced it will not give permission to build new coal power restriction on the number of revisions. plants. National Thermal Power Corp Ltd (NTPC), India’s largest power Punjab Draft New Renewable Source of Energy Policy, 2019 generating company, is also focusing more on building new renewable • To generate 21% power through renewable energy in the total en- capacity. ergy mix by 2030. • Target of setting up 3,000 MW of solar projects by 2030, which In June 2018, the NTPC decided to drop its 4,000 MW green field will include utility-scale, canal-top, rooftop, floating, and hybrid solar coal-fired Pudimadaka Ultra Mega Power Project (UMPP). The plant projects. was planned in 2011 with a power purchase agreement signed with • To attain non-solar power generation capacity of 1,500 MW, the the Andhra Pradesh government.A month later, the Maharatna utility state would include biomass, biomass and bagasse co-generation, and confirmed it had no intention to pursue two other planned coal power small hydro. plant developments — the 1,980 MW Nabinagar-2 and 1,600 MW • To develop 500 MW equivalent bio-fuels (CBG, Bio-Ethanol, Bio- Katwa thermal power generating units in Bihar and West Bengal.Many Coal, Bio Pellets) projects based on biomass as main feedstock other companies are shifting their ambitions away from installing new • Other objectives include development of energy storage technology coal power stations with falling renewable energy costs. These com- based Renewable energy projects, promoting development and usage panies include including Tata Power, Chhattisgarh State Power Gener- of Electric Vehicles and Solar Charging Stations in the state ation Company, Punjab State Power Generation Company, and Bihar Amendments to the Guidelines for Tariff Based Competitive Bidding State Power Generation Company Process for Procurement of Power from Grid Connected Solar PV Power Projects • Solar Power Generator may be required either to aggregate the solar power purchased from different Solar Power Generators and sell it to the distribution licensee, or to enhance the credit profile. In this, the Intermediary Procurer shall enter into a PPA with the Solar Power Gen- erator and also enter into a Power Sale Agreement (PSA) with the End Procurer. The trading margin, of Rs. 0.07/kWh, shall be payable by the end procurer to the intermediary procurer. • In case of aggregation of power purchased from different Solar Pow- er Generators, the intermediary procurer may sell the solar power to end procurer at the weighted average of tariffs discovered and finalized for different bids over a period of (1st January to 30th June) or (1st July to 31st December) of any year. • The Intermediary Procurer shall provide payment security to the So- lar Power Generator through LC (of amount not less than 1 month’s average billing) and Payment Security Fund (not less than 3 month’s average billing). • Upon occurrence of a Non-Natural Force Majeure Event, the Genera- tor have the right to terminate the PPA forthwith after the completion of the period of 180 days from the date of the Force Majeure Notice. Industry Update Renewable capacity additions exceed new coal in India Coal power station capacity addition is seeing a declining trend in In- dia. Between financial years 2012 and 2016, 10-20 gigawatt (GW) new coal-power station capacity was added every year to the grid. But, in the last three years, this dropped to 5 GW and is further declining.

According to the recent National Electricity plan by the Central Elec- tricity Authority, India needs no extra coal power stations until at least 2027. Only three projects have got environmental clearance under thermal category since the beginning of this year, according to the

Infraline.com | December 2019 97 renewaBlE // Sectoral Reports

Renewable energy sector adds 4,273 MW in H1 Renewable energy sector has added 4,273 MW of new capacity to the grid during the first half of this fiscal, which is one of the highest additions in a first-half year period in the last several years. However, the addition to capacity during the April-September 2019 is only 36 per cent of the target (11,802 MW) set for the fiscal. The major contributor is Solar power with 2,921 MW (includes 2,479 MW ground mounted and 442 MW rooftop) capacity during April-September 2019, according to the Union Ministry of New and Renewable Energy (MNRE). Wind sector continues to show progress and it added about 1,304 MW of new capacity. During the last fiscal, this segment added 1,481 MW and this year it is expected to add more capacity. As on September 30, 2019, total grid-connected installed renewable power capacity in India stood at 82,589 MW.

Madhya Pradesh government plans floating solar power plant on Indira Sagar Dam In a bid to produce green energy, the Madhya Pradesh government has decided to set up a 1,000 MW floating solar power plant on the Indira Sagar Dam in Khandwa district. As of September 2019, the state produced 2,071 MW using solar power, 2,444 MW from wind power, 117 MW from biomass power and 96 MW from small hydro power plants, the official added. considering renewable energy sources are only intermittently available and are weather dependent, according to a new study. BHEL to commence work on floating solar plant at NTPC This will be the largest of its kind in the State. State-owned engineering The study titled “Accelerating electric mobility in India” by World Re- firm Bharat Heavy Electricals Limited (BHEL) is all set to commence sources Institute (WRI) done for Shakti Sustainable Energy Foundation construction of the 25MW floating solar power plant at NTPC Simhadri added that the boost in EV industry would mean an increase in the Super Thermal Power Station in Deepanjalinagar, 40 km from the city. availability of rechargeable batteries which could serve as electricity Once completed, the floating solar power plant would be the largest storage devices allowing steady use of power even when generation in Andhra Pradesh. is intermittent. This also marks the second largest initiative taken by NTPC towards adopting renewable energy, after the 100MW floatng solar photovol- It further added that grid operators can store renewable energy in bat- taic power plant at Ramagundam in Telangana. teries and supply it back to the grid in case of unstable power supply.

“We are keen on commissioning the INR 100 crore project on a fast- “As the cost of battery packs fall with the boost of EVs, using batteries track mode,” a senior official of NTPC told The Hindu on Tuesday. NTPC for electricity storage will become a viable proposition for grid opera- Simhadri has four units — each with a capacity of 500 MW at the tors. In addition to this, as the generation of renewable energy goes shore-based power plant at Deepanjalingar — where water from the up in India, more batteries will be needed to store this electricity,” said Bay of Bengal is drawn and used to cool the turbines and the con- the study. denser. Financing cost accounts for largest component of renewable The deadline for receiving bids for the flotation platform is October 30. energy tariffs in India For the geotechnical investigation of the site, techno-commercial bids Mobilising finance for investment and innovation in low-carbon energy will be opened and finalised on November 6. solutions remains a critical challenge for global energy transition, according to a policy brief issued by Council on Energy, Environment and Large-scale adoption of electric mobility will spur renewable Water (CEEW), a Delhi-based non-governmental organisation. energy growth: Study An increase in the number of electric vehicles (EVs) will be instrumental “Financing costs account for the largest component – between 50 and in increasing the share of solar and wind energy in the energy mix, 65 per cent – of present day renewable energy tariffs in India, and even

98 Infraline.com | December 2019 higher shares in other developing countries where the risk premium is as slowdown in tendering projects, issues in raising capital and fin- higher,” said the brief. ishing projects ans state utilities demanding reworking of power purchase agreements have affected investor confidence over the past few Although developed countries were the first to embrace renewables, months, say sources. the sharpest increases in electricity demand are taking place in developing countries. In the third quarter, Shapoorji Pallonji-backed Sterling & Wilson Solar, a provider of solar EPC solution, went for an initial public offer (IPO) The study found that developing economies now use a majority of the to raise about $406 million to debut on the BSE. Renewable energy world’s energy to support local consumption and they are looking at company SunEdison Infrastructure had acquired Megamic Electronics, even significantly larger levels of energy use to power further economic a solar monitoring solutions provider for around 10 million. Similarly, and social development. Nocca Robotics, which makes water-less solar project cleaning robot for utility scale solar projects, could raise $1.67 million from the ear- Currently, there are over six billion energy consumers in the developing ly-stage IAN Fund, with participation from angel investors of Indian world whose demand is projected to grow by 30 per cent over the next Angel Network (IAN). India’s largest wind and solar power company 15 years. ReNew Power had raised about $300 million through a rights issue in June, and another $350 million from debt funding early this year. India fails to figure among top global solar deals; invest- In September, Adani Transmission had acquired a special purpose ve- ments drying hicle of Bikaner-Khetri Transmission Limited (BKTL) in Rajasthan from While global corporate funding in the global solar market witnessed a PFC Consulting through a bidding process. In October, Adani Green En- 34 per cent year-on-year increase at $9 billion in the first nine months ergy’s two subsidiaries raised about $362.5 million from green bonds of 2019 against $6.7 billion during the same period in 2018, invest- to repay their foreign currency loans and rupee borrowings. Major ments in the Indian solar sector is witnessing a slowdown. deals in the sector have also dried up this year in India, except acqui-

sitions, for example, Adani Green Energy’s acquisition of Essel Group’s The global VC funding (venture capital, private equity, and corpo- 205 MW solar assets worth over Rs 1200 crore. rate venture capital) in the solar sector was 13 per cent higher at $1 billion in the first nine months of 2019 compared to $889 million raised during the same period in 2018. Global VC/PE funding alone “In Q3 2019, over $100 million in venture funding went to technology in Q3 2019 totaled $208 million in 11 deals, said a recent report of and manufacturing-focussed companies, which is rare. Five IPOs and Mercom Capital Group, a global clean energy communications and over billion dollars in securitization deals so far this year have been consulting firm. the highlights.

As against this global trend, big investments in India’s solar sector Although India’s solar power generation grew to 23.7 billion units (BU) is drying up with no Indian deal figuring among the top transactions in the first half of 2019, the growth rate of solar power generation had during the year, say industry sources. In 2018, investments in the In- declined to 32 per cent, compared to 86 per cent growth recorded in dian solar sector stood at $9.8 billion, a decline of 15 per cent com- the first half of 2018. This was due to the decreased pace of solar ca- pared to $11.5 billion in 2017 as the sector was grappling with issues pacity addition in the first half of 2019 to 3.2 GW, compared to over 5 such as GST, imposition of safeguard duty on solar cells and modules GW capacity added during the same period of 2018. India is the third from China and Malaysia and delay in solar auctions. Concerns such largest solar energy market in the world after the US and China. © Infraline Technologies (I) Pvt. Ltd. | All rights reserved Infraline.com | December 2019 99 Research Report Table of Contents

Key Highlights Executive Summary Growth and Investment Opportunity For financial year FY19 total constructed length was 10855 kms (less award due to land acquisition), 2018-19 where delays in acquiring land affected project costs as the NHAI Roads Award Mix average cost of land has escalated from Rs. 0.80 crore per hectare during 2012-13 to PAN India Top Players in the Sector Rs. 3.20 crore per hectare .Currently 839 Projects on monitor where Delayed Projects Financial Trends w.r.t original schedule are 219. Significant Policy Amendments to Revive Growth NHAI Projects Worth 30,000km (Rs 5tn) Likely To Be Awarded Over FY20E-FY24E Key Questions Answered under the government’s Bharatmala and NHDP programmes, NHAI to bid out 6,000km (worth Rs 1tn) for development during FY20 What are the key catalysts for increasing the demand? What are the major risks and Massive Pipeline Of Opportunities Over Next Five Years (NHAI) challenges? What is the Experience and Bharatmala nHDP Others Opportunities under Hybrid Annuity Length (in kms) 18763 4667 6570 Mode? Investment 3 tn 770 bn 1.1 tn How new Funding Sources and Time Period Award Over 5Yrs Award Over 15-18 Award Over 5Yrs Financing Strategies are impacting the Months sector?

Bharatmala62 A must buy for NHDP 16 % Share in kms Road Projects Developers Others 22 Heavy Equipment Manufactures 22% Financial Institutions Bharatmala Consultants NHDP 16% 62% Others Toll Operators Regulatory Bodies Government Agencies New Market Entrants For Priority Business The report will provide a sector outlook with untapped investment opportunity under Bharatmala Pariyojna , which will help to understand how NHDP was the biggest road Rajesh Singh Panwar development plan in India before Bharatmala. Further report will explore the window [email protected] of investment in different states, it will explain the rise of hybrid annuity model over Mob: +91 9711786999 EPC and did it really help to get more private participation in the sector? The report is priced at INR `1,25,000|USD $1,811. We are offering a pre-publication discount of 10%. The price after discount is INR `1,12,500|USD $1,630. This offer is valid for orders and payments received on or before December 31, 2019. Ph: +91 120 6799125, 160 This report will explain future target and award of road length by different nodal agencies and projects in pipeline. (GST will be charged as applicable) Table of Contents

1. Roads Connecting Growth to Investment 5. Road Development under NHDP, NHIDCL and Bharatmala i. Growth and Investment Opportunity in National Highway Sector Pariyojna ii. Project monitoring and progress during FY20* i. Road development under north east states iii. Policy and Regulatory Framework ii. Progress report of NHDP Projects 2019 iv. Major Issues and Challenges iii. Bharatmala projects success so far v. Future Prospect (Total Vehicle Growth Trend) iv. New Opportunity and scope vi. Key catalyst and drivers of Investment 6. Toll-Operate-Transfer (TOT) Model vii. Investment Projection of National Highways Authority of India i. Overview and recent development 2. Target Vs Achievement ii. Key Features and investment scenario i. Target and Achievement Last Five Year by NHAI and MoRTH iii. List stretches offered under Bundle-II ii. Current Completed Length and Project Cost for Roads Project 7. Finance Mechanism and Budget Allocation 2019-20* i. Fund Allocation and Expenditure under different states iii. Future Target FY20 ii. PMGSY funding trend for last five years iv. Per day constructed length trend analysis iii. Year wise Budgetary Allocation and Progress 3. NHAI Road Award Mix iv. Comparative Analysis of Top Players i. EPC/BOT/HAM Trend Analysis Last Five Years ii. Number of Projects Awarded (2012-19) 8. Projects Approval and Clearances iii. Total Investment and Balance to invest by NHAI for BOT/EPC and HAM Projects i. An Overview of Clearance requirement 4. Projects under Implementation ii. Land acquisition status, approach and challenges i. State wise roads projects under Implementation iii. Land Compensation & Projects pending till FY19 ii. Top 10 states by National Highways Constructed in FY19 iv. Environmental and Forest clearance report iii. Special focus on Maharashtra and Karnataka 9. Conclusion iv. Target of Roads under EPC/BOT/HAM Annexure

Pulled up by Modi, UP officials start sorting out land issues of Delhi-Meerut Expressway The National Highways Authority of India (NHAI) said that all land issues pertaining to four villages, which are holding up the work on Phase 4 of the Delhi-Meerut Expressway (DME), will be taken up in one week.

The Phase 4 of the 32km six-lane access-controlled highway is meant to ease connectivity between Dasna and Meerut. The NHAI officials said a review meeting was held in Lucknow and was presided over by senior officials of the project monitoring group from the Prime Minister’s Office (PMO).

The work on Phase 4 has been held up on account of land issues at two points. The first is the issue of about 19 hectares in four villages of Dasna, Rasoolpur Sikrod, Kushaliya and Nahal. The second pertains to land near Bhojpur and farmers from Jainuddinpur, Moradabad (near Modinagar) and Bhojpur villages have raised certain claims.

Ashoka Buildcon Q2FY20 EPC Revenue at Rs. 862 Crores Total order book of the Company as on 30th September 2019 stands at Rs 7,486 crores (excluding orders worth Rs. 2,262 crores which Budget 2020: Highway ministry asks for 83 percent hike in includes LOA received from HAM Tumkur-Shivamoga Phase IV, L-1 budget outlay for FY21 for Bundelkhand Expressway and order received from SRIT, smart Budget 2020: Looking to build highways at a greater pace, the city). Of the total Order Book, contribution from Roads BOT and ministry of road transport and highways (MoRTH) has sought a 83% Roads EPC is 51.0% and 24.2%, respectively, Power T&D is 9.6% year-on-year hike in budgetary allocation for the 2020-21 fiscal, and Railways is 14.3%. along with lowering of the debt-raising limit for National Highways Authority of India (NHAI) by Rs. 10,000 crore to Rs. 65,000 crore. During the quarter, Company has emerged as an L-1 for project worth Rs. 1,080 crores on EPC basis from ‘’Uttar Pradesh Sources said MoRTH has put forth its wishlist in a budget-related Expressways Industrial Development Authority (UPEIDA)’’. Project meeting held recently with its finance counterpart. Against the entails development of Bundelkhand Expressway Project (“Package- budget estimate (BE) of Rs. 71,000 crore, MoRTH has actually got Ill”) from Kaohari (Dist. Mahoba) to Baroli Kharka (Dist. Hamirpur) (revised estimate) of Rs. 78,625 crore in 2018-19 fiscal. For the (Km 100+000 to Km 149+000) in the State of Uttar Pradesh. current fiscal, the BE stands at Rs. 83,016 crore.

102 Infraline.com | December 2019 NHAI land acquisition: 2 revenue officials, 3 ‘fake beneficiaries’ booked

The Ludhiana deputy commissioner said a case of fraud related to ‘fake’ beneficiaries getting compensated for land acquired by the National Highways Authority of India (NHAI) at Samrala and Ghulal village for a project has been unearthed in Ludhiana district.

Ludhiana Deputy Commissioner (DC) Pardeep Kumar Aggarwal said that an amount of Rs 1.23 crore was allegedly paid ‘fraudulently’ to fake beneficiaries and another sum of Rs 1.11 crore was about to be released, but was stopped in time when the matter came to the notice of Sub-Divisional Magistrate (Ludhiana west) cum Land Acquisition Officer Amarinder Singh Malhi.

No HAM award so far, yet NHAI ‘hopeful’ of awarding NHAI scraps Rs 4,929 crore road projects in Tamil Nadu 2,000 kms in rest of the fiscal The National Highways Authority of India (NHAI) has issued No highway project was awarded under the hybrid annuity model termination orders for four road projects in Tamil Nadu citing delay (HAM) so far, this fiscal, but the National Highways Authority in land acquisition by the state government. The total cost of the of India (NHAI) may award around 2,000 km through the HAM projects is 4,929 crore. route in the remaining period of 2019-20. The authority has a total awards target in all categories of Former Active Chairman of NHAI, Nagendra Nath Sinha has issued 6,000 km in the current fiscal. Last fiscal, 834-km projects were termination orders for four-laning of Villupuram-Puducherry section awarded under HAM out of the total awards of 2,222 km. Crisil ( 998.7 crore), Puducherry-Poondiyankuppam section ( 1,294.5 has said NHAI could award around 4,000 km highway projects in crore) and Poondiankuppam-Sattanathapuram section of NH 45 A ( the current fiscal. 2,153.4crore), according to reliable sources in NHAI.

Infraline.com | December 2019 103 roads // Tenders Tenders

SR No Publish Date Short Description Est. Cost Submission Date Country

1 Nov 11, 2019 (Monday) Construction Of Four Lane Elevated Road For An Exclusive Connectivity From Pmch To Under 20-01-2020 India Construction Ganga Path At Ch. 7- 400 Km.at Patna In The State Of Bihar On Epc Mode 1460000000 INR

Construction Of 2-lane Road Of Potin To Pangin Section Of Nh-13 From Km 117.56to Km 2 Nov 09, 2019 (Saturday) 163.59 (package-4) On Epc Mode In The State Of Arunachal Pradesh Under Arunachal Pradesh 4669400000 INR 09-12-2019 India Package Of Roads And Highway

Construction Of 2-lane Road Of Potin To Pangin Section Of Nh-13 From Km 206.66 To Km 08-11-2019 3 Nov 09, 2019 (Saturday) 247.05 (package-6) On Epc Mode In The State Of Arunachal Pradesh Under Arunachal Pradesh 1908700000 INR India Package Of Roads And Highway

Construction Of 2-lane Road Of Potin To Pangin Section Of Nh-13 From Km 77.95 To Km 09-12-2019 4 Nov 09, 2019 (Saturday) 117.56 (package-3) On Epc Mode In The State Of Arunachal Pradesh Under Arunachal Pradesh 3624100000 INR India Package Of Roads And Highway

5 Nov 09, 2019 (Saturday) Construction Of 2-lane Road Of Potin To Pangin Section Of Nh-13 From Km 163.59 To Km 3874900000 INR India 206.66 (package-5) On Epc Mode In The State Of Arunachal Pradesh Under Arunachal Pradesh 09-12-2019 Package Of Roads And Highway

Construction Of 1400 Tenements (g+4 Storeyed) With Minimum 400 Sq.ft Of Plinth Area / Unit 05-12-2019 India 6 Nov 07, 2019 (Thursday) Using Conventional Technology 1034012000 INR

Construction Of Underpass Road And Flyover Bridge Between Matkuria To Ara More Under 03-12-2019 7 Nov 06, 2019 (Wednesday) Dhanbad Nagar Nigam. (length 3.27 Km ) 1215000000 INR India

20-12-2019 Balance Work Of Rehabilitation And Up-gradation Of Akola Akot Section Of Nh-161a (34.766 2221486150 INR India 8 Nov 05, 2019 (Tuesday) Km) Two Lane With Paved Shoulders Configuration On Epc Mode In The State Of Maharashtra.

9 Nov 02, 2019 (Saturday) Construction Of Underpass Road And Flyover Bridge Between Matkuria To Ara More Under 1215000000 INR 03-12-2019 India Dhanbad Nagar

10 Oct 24, 2019 (Thursday) Bid For Balance Work Of Construciton Of Ring Road For Raebareli City On Eastern Side Of 1140500000 INR 09-12-2019 India Nh-24b(phase-i) In The State Of Uttar Pradesh On Epc Basis.

11 Oct 18, 2019 (Friday) Four Laning Of Katni-bypass Of Nh-7 Old From Km 359.500 To Km 378.500 Length 20 Km In 2137300000 INR 02-12-2019 India The State Of Madhya Pradesh On Epc Mode

12 Oct 16, 2019 (Wednesday) Introduction Of Continuous Miner Package At Kumardih-b Underground Mine Of Bankola Area 4761620100 INR 16-12-2019 India Of Ecl On Hiring Basis.

13 Oct 16, 2019 (Wednesday) Construction Of Left Out Work Of 4 Laning Of Gandhidham Kandla-mundra Port Section Of 1349500000 INR 02-12-2019 India Nh-8a Between Km 0.00 To Km 71.400 In The State Of Gujarat On Item Rate Basis.

14 Oct 16, 2019 (Wednesday) Introduction Of Continuous Miner Package At Kumardih-b Underground Mine Of Bankola 4761620100 INR 16-12-2019 India Area Of Ecl On Hiring Basis.

Four Laning Of Dhillon Nagar (moga) To Bajakhana (lambwali) Section Of Nh-105b (greenfield 15 Nov 11, 2019 (Monday) Alignment) From Design Chainage Km 0.000 To Km 38.440 Under Bharatmala Pariyojana In 4938400000 INR 04-12-2019 India The State Of Punjab On H

104 Infraline.com | December 2019 SR No Publish Date Short Description Est. Cost Submission Date Country

Laning Of Channarayanpatna Bypass From Km 140 449 To Km 149 596 And Providing Grade 16 Oct 30, 2019 (Wednesday) Separator Structures Service Road And Other Safety Measures In Devihalli To Channarayan- 4123100000 INR 04-10-2019 India patna (km 150 000) Section

4 Lanning of Hassan Bypass from Km 175 935 to Km 185 684 and providing Grade Separator, 17 Oct 30, 2019 (Wednesday) Structures, Service Road and other Road Safety Measures in Channarayanapatna To Hassan 3409900000 INR 04-12-2019 India section of NH75 (Old NH-4

Improvement And Up Gradation To Two Lane With Paved Shoulder/four Lane Configuration 18 Nov 11, 2019 (Monday) Of Nh No 321 G Section From Agra To Jalesar Design Chainage From Km 0.00 To 36.00 In 2129300000 INR 09-12-2019 India Up On Engineering Procurement

Construction Of Four Lane Elevated Road As Part Of Under Construction Ganga Path Digha 19 Nov 11, 2019 (Monday) To Deedarganj From Dulli Ghat Ch 13-525.79 Km To Nuruddin Ghat Ch 16- 975.79km, From 5930000000 INR 02-01-2020 India Dharamshala Ghat Ch 19-890 K

4 Lane With Paved Shoulder Configuration Of Pathrapali-kathghora Km. 53.300 To Km. 20 Nov 08, 2019 (Friday) 92.600 Pkg Ii Of Bilaspur-kathghora Section Of Nh-111 New Nh-130 In The State Of Chhat- 5751000000 INR 23-12-2019 India tisgarh Under Bharatmala On Hyb

4 Laning From Km. 42.000 To Km. 80.00 Of Dodaballapur Bypass To Hoskote Section Of 21 Nov 07, 2019 (Thursday) Nh-648 (old Nh-207) On Hybrid Annuity Mode Under Bharatmala Pariyojna In The State Of 8905800000 INR 23-12-2019 India Karnataka (package-ii)

Four Laning Of Nh-363 From Repallewada (design Km 42.000-existing Km 288.510) To 22 Oct 25, 2019 (Friday) Telangana-maharashtra Border (design Km 94.602 Existing Km 342.000) (design Length 9031000000 INR 10-12-2019 India 52.602 Km) In The State Of Telangana

Construction Of 6-lane Access Controlled Gh From Km4.888 To Km35.000 Of Rajasthan-gu- 23 Nov 04, 2019 (Monday) jarat Border To Santalpur Section Of Nh-754k As A Part Of Amritsar-jamnagar Economic 5165700000 INR 09-12-2019 India Corridor In The State Of Gujara

24 Nov 05, 2019 (Tuesday) Construction Of 6-lane Access Controlled Gh From Km67.000-km 99.000 Of Rajasthan-gujarat Border To Santalpur Section Of Nh-754k As A Part Of Amritsar-jamnagar Economic 5952700000 INR 09-12-2019 India Corridor In The State Of Gujarat

Construction Of 6-lane Access Controlled Gh From Km35.000 To Km67.000 Of Rajas- 25 Nov 04, 2019 (Monday) than-gujarat Border To Santalpur Section Of Nh-754k As A Part Of Amritsar-jamnagar 5668000000 INR 09-12-2019 India Economic Corridor In The State Of Gujar

Construction Of 6-lane Access Controlled Gh From Km99.000-km130.073 Of Rajasthan-gu- 26 Nov 04, 2019 (Monday) jarat Border To Santalpur Section Of Nh-754k As A Part Of Amritsar-jamnagar Economic 6197800000 INR 09-12-2019 India Corridor In The State Of Gujarat

Construction Of 8 Lane Access-controlled Expressway From Junction Near Baletiya To 27 Oct 18, 2019 (Friday) Junction With Sh-63 Near Pratap Nagar (ch.803.420 To 824.920 Design Ch.351.000 To 8261300000 INR 19-12-2019 India Ch.372.500) Section Of Delhi-vadoda

Construction Of Eight Lane Expressway Starting From Junction With Nh-47 Near Bhamaiya 28 Oct 18, 2019 (Friday) Village And Ending At Junction With Sh-175 In Baletiya Village Of Delhi-vadodara Greenfield 7810800000 INR 19-12-2019 India Alignment On Epc Mode

Infraline.com | December 2019 105 roads // Tenders

Tenders

SR No Publish Date Short Description Est. Cost Submission Date Country

Construction Of 8 Lane Access Controlled Expressway Starting From Junction With Sh63 29 Oct 18, 2019 (Friday) Pratap Nagar Village Ending Junction With Ne1 Near Dodka Of Vadodara District Section Delhi 8018000000 INR 19-12-2019 India Vadodara Greenfield Ali

Construction Of Eight Lane Carriageway Starting From Major Bridge Over Takli River Near 30 Oct 17, 2019 (Thursday) Nayagaon Jageer Village To Rajasthan-mp Border (ch.427.300 To Ch.452.425) Section Of 6502400000 INR 19-12-2019 India Delhi-vadodara (nh-148n) Un

Construction Of 8 Lane Carriageway Starting Near Junction With Nh-76 To Junction With Nh- 31 Oct 17, 2019 (Thursday) 12 Near Village Ummedpura (ch. 388.420 To Ch. 419.000) Section Of Delhi-vadodara Access 7945100000 INR 19-12-2019 India Controlled Green Field

Construction Of 8 Lane Carriageway Start At Interchange On Nh-116 At Village Mui And End 19-12-2019 32 Sep 21, 2019 (Saturday) At Hardevganj Village Near Indergarh(ch.292.950- 319.400)section Of Delhi-vadodara Access 9164600000 INR India Controlled Green Fiel

Development Of Road Link (from Km 0 To 29.900) Between Bawana Industrial Area Delhi 33 Oct 31, 2019 (Thursday) (from Km7.750 Of Uer 2) Till Bypass Of Nh-352a At Village Barwasani Sonipat In Haryana As 7648900000 INR 23-12-2019 India Spur Of Urban Extension Ro

Construction Of 4 Lane Access Controlled Greenfield Highway Section Of Khammam-de- 34 Oct 30, 2019 (Wednesday) varapalle Nh From Telangana-ap Border To Borrampalem Village Design Chainage 89.874 To 1034012000 INR 05-12-2019 India 126.000 Under Inter Corridor Rou

Construction Of 4 Lane Access Controlled Greenfield Highway Section Of Khammam-devarapal- 35 Oct 30, 2019 (Wednesday) le Nh From Borrampalem Village To Devarapalle Village Design Chainage 126.000 To 162.126 8484300000 INR 04-12-2019 India Under Inter Corridor Ro

Construction Of 4 Lane Access Controlled Greenfield Highway Section Of Khammam-devara- 36 Oct 30, 2019 (Wednesday) palle Nh Of Length 44.937 Km From Ramanujavaram To Ts/ap Border Design Ch 44.937 To 8985400000 INR 04-12-2019 India 89.874 Under Icr Under Bharatma

Construction Of Eight Lane Access Controlled Expressway Starting Near Start Of Rob 37 Oct 30, 2019 (Wednesday) (ch.214.260-247.310) Section Of Delhi-vadodara Green Field Alignment On Epc Mode Under 9034200000 INR 05-12-2019 India Bharatmala Pariyojana In The S

106 Infraline.com | December 2019 SR No Publish Date Short Description Est. Cost Submission Date Country

Construction Of Eight Lane Access Controlled Expressway Starting Near Major Bridge On Mej 38 Sep 11, 2019 (Wednesday) River To Junction With Sh-37a (ch.331.030-359.170) Section Of Delhi-vadodara (nh-148n) On 8863600000 INR 19-12-2019 India Epc Mode Under Bhara

Six Laning Of Chengala To Neeleshwaram Section Of Nh-17 (new Nh66) From Ch. 56.200 39 Nov 12, 2019 (Tuesday) (existing Km 57.200) To Ch. 93.468 (existing Km 95.650) (total Length 37.268 Km) In The 12435700000 INR 26-12-2019 India State Of Kerala On Ham Under

Six Laning Of Thalapady To Chengala Section Of Nh-17 New Nh-66 From Ch. 17.200 Existing 40 Nov 11, 2019 (Monday) Km 17.200 To Ch. 56.200 Existing Km 57.200 Total Length 39.00km In The State Of Kerala On 12814500000 INR 26-12-2019 India Ham Under Bmp In The C

4 Laning From Km 0.00 To Km 42.00 Of Dobaspet To Dodaballapur Bypass Section Of Nh-648 41 Nov 07, 2019 (Thursday) ( Old Nh-207) On Hybrid Annuity Mode Under Bharatmala Pariyojna In The State Of Karnataka 10172300000 INR 23-12-2019 India (package-i)

Rfp For Projects Comprising Of 7 National Highway Stretches Bundle 4 On Toll Operate 42 Nov 11, 2019 (Monday) Transfer Tot Mode 41703100000 INR 14-01-2020 India

Construction Of Tunnels, Bridges And Formation Works From Chainage 91 Plus 228 To 101 43 Sep 30, 2019 (Monday) Plus 339 Under Package-7b In Connection With New Bg Line Between Rishikesh And Karan- 15835100000 INR 06-12-2019 India prayag In State Of Uttarakhand

Construction Of 8 Lane Access Controlled Expressway From Hardeoganj Village Near Inder- 44 Nov 05, 2019 (Tuesday) garh To Major Bridge On Mej River (ch. 319.400 - Ch. 331.030) Section Of Delhi - Vadodara 12465800000 INR 19-12-2019 India Green Field Alignment (n

Construction Of 8 Lane Carriageway Start Near Junction With Mdr-1 To End Of Interchange 45 Oct 31, 2019 (Thursday) On Nh-166 Near Village Mui (ch. 247.310 To 292.950) Section Of Delhi - Vadodara Access 11989300000 INR 05-12-2019 India Controlled Green Field Al

Construction Of 8 Lane Access-controlled Expressway Carriageway From Kandarwasa Village 46 Sep 11, 2019 (Wednesday) To Bawadi Village Of Ratlam District Section Of Delhi- Vadodara Greenfield Alignment (nh- 10375300000 INR 19-12-2019 India 148-n) Under Bharatmala

Development Of Six Lane Access Controlled In Uttar Pradesh Portion Of Delhi Saharanpur 47 Nov 11, 2019 (Monday) Highway From Delhi/up Border To Epe Junction (ch.14.750 To Ch. 31.200) In Uttar Pradesh 17030400000 INR 05-12-2019 India On Epc Mode Under Economi

Development Of 6-lane Access Controlled In Delhi Portion Of Delhi-saharanpur Highway 48 Nov 11, 2019 (Monday) From Akshardham Nh-9 Junction To Delhi-up Border(ch.0.00 To Ch.14.750)in The State Of 11120400000 INR 05-12-2019 India Delhi On Epc Mode Under Econo

Six Laning Of Nh 71 From Renigunta (design Km 0.000/existing Km 124.600 Of Nh 71) To 49 Oct 30, 2019 (Wednesday) Naidupeta (design Km 53.400 Existing Km 179.050 Of Nh 71) (design Length 53.4 Km) On 14178900000 INR 04-12-2019 India Ham In Ap Under Bharatmala Par

Construction Of 4 Lane Access Controlled Greenfield Section Of Khammam-devarapalle Nh 50 Oct 30, 2019 (Wednesday) Of Length 44.937 Km From Thallampadu To Ramanujavaram Design Ch. 0.00 To 44.937 10198500000 INR 04-12-2019 India Under Inter Corridor Route Under B

Rehabilitation And Upgradation To 4-lane Configuration And Strengthening Of Punjab/hp 51 Oct 30, 2019 (Wednesday) Border To Sihuni From Km 10.808 To Km 47.950 (design Length 37.142 Km) Of Nh-20 (new 10822100000 INR 09-12-2019 India Nh-154) Of Pathankot Mandi Se

Four Lanning Of Jagdishpur-faizabad Section From Km 47.930 (design Chainage 47.800) To 52 Nov 11, 2019 (Monday) Km 107.680 (design Chainage 108.020) Of Nh-330a In The State Of Uttar Pradesh On Ham 12407100000 INR 04-12-2019 India Mode Under Bharatmala Pariyo

Infraline.com | December 2019 107 roads // top companies

SR No Company Name SR No Company Name

1 Dilip Buildcon Ltd 21 Terra Infra Development Limited (TIDL) 2 Ashoka Buildcon Ltd 22 S. S. Civil Construction Private Limited 3 J. K. Infraprojects Private Limited 23 Khurana Engineering Limited 4 Shapoorji Pallonji Infrastructure Capital Company Ltd. 24 Ushatech Projects Private Limited 5 Bridge & Building Construction Co Private Limited 25 Anil Kumar Construction Company 6 ABCI Infrastructures Private Limited 26 Desai Contractors & Engineers Private Limited 7 Hanwha Engineering & Construction Corporation 27 Mapex Infrastructure Private Limited 8 ASB Infrastructure Private Limited 28 Abhishek Infraventures Limited 9 Vijai Infrastructure Limited. ( VIL) 29 A.L. Sudershan Construction Company Limited 10 S L M I Infra Projects Private Limited 30 SMS Limited 11 Amberg Engineering India 31 Birla Gtm Entrepose Private Limited 12 GVR Infra Projects Limited 32 Sadbhav Engineering Limited 13 Infinite Civil Solutions Private Limited 33 Navayuga Engineering Company Limited (NECL) 14 R.G Buildwell Engineers Limited 34 HCC infrastructure Company Limited 15 Priyanka Constructions (Baroda) Private Limited 35 CH2M HILL Companies Limited 16 Montecarlo Limited (MCL) 36 Sunway Construction India Limited 17 Pari Road Contractor 37 Progressive Constructions Limited 18 Sairaj Infrastructure & Builders Private Limited 38 Centrodorstroy (India) Private Limited 19 Manisha Infrastructure Private Limited 39 Oriental Structural Engineers Private Limited 20 Vetrivel Construction Private Limited 40 Fluor Daniel India Private Limited

108 Infraline.com | December 2019 SR No Company Name

61 Modern Construction Co. ( Delhi) 62 Canter Engineering Private Limited 63 Aquarrest Systems 64 AK Construction Contractors & Engineers 65 Aakar Civil Engineer Private Limited 66 Lalit Construction 67 Paresh Constructions And Foundations Private Limited 68 Renjin Construction 69 M.Devang Construction Company 70 Royal Infraconstru Limited 71 D.S. Construction 72 Gondwana Engineers Private Limited 73 Thakur Infraprojects Private Limited 74 Shantilal B.Patel 75 Asphalt India Corporation 76 Reliance Roads 77 NCC Infrastructure Holdings Limited (NCC INFRA) 78 Advance Constuction Company Private Limited 79 B.G. Shirke Construction. Tech. Private Limited SR No Company Name 80 Uttar Pradesh Rajkiya Nirman Nigam Ltd.

41 OPBK Constructions Private Limited 81 L&T Construction 42 Millenium Road Construction Private Limited 82 Virender Singh & Company 43 D. K. Project Private Limited 83 SriGro Interactive Private Limited 44 KK Gupta Constructions Private Limited 84 Shivansh Realtors 45 Dhingra Construction Company 85 Hari Shanker Constructions 46 C.P. Arora Engineers Contractors Private Limited 86 Amity Contractors Private Limited 47 Akash Infra Projects Private Limited 87 HT Techno Solutions Private Limited 48 R.K. Mishra & Sons 88 Vivan Enterprises Private Limited 49 Vastu Kiriti Construction Private Limited 89 Antrix Financial Engineers Private Limited 50 Gemini Construction 90 GKC Projects Limited 51 Upama Construction Private Limited 91 ARG Infra Projects 52 Unique Construction 92 GHV (India) Private Limited 53 Shetusha Engineering & Construction Private Limited 93 L&T IDPL 54 Ray Construction Limited 94 Bronze Infra Tech Private Limited 55 Ravi Infrabuild Projects Private Limited 95 Shelter Infra Projects Limited 56 Monarch India Infracon Private Limited 96 Kaushalya Infrastructure 57 Likproof India Private Limited 97 Jitendra Singh Engineers and Contractors 58 KRIS CONS Design & Management Private Limited 98 Raunaq EPC International limited 59 Dynasoure Concrete Treatment Private Limited 99 PVV Infra Limited 60 Development & Consultants Private Limited 100 MEP Infrastructure

Infraline.com | December 2019 109 roads // Sector Statistics

Bharatmala Port-Road Connectivity Projects Balance for Award

SR Stretch PIU Mode Length Scheme No (in kms)

Haveri - Yakumbi - Sirsi Road Bharatmala- Coastal & Port 1 PIU-Dharwad To Be Determined 75 Connectivity Roads

2 Gopalpur-Ratanpur (Pkg-I) Bharatmala- Coastal & Port PIU-Bhubaneshwar EPC 30.15 Connectivity Roads Bharatmala- Coastal & Port 3 Gopalpur-Ratanpur (Pkg-II) PIU-Bhubaneshwar EPC 31.15 Connectivity Roads Bharatmala- Coastal & Port 4 Gopalpur-Ratanpur (Pkg-III) PIU-Bhubaneshwar EPC 10.18 Connectivity Roads Bharatmala- Coastal & Port 5 Gopalpur-Ratanpur (Pkg-IV) PIU-Bhubaneshwar EPC 43.23 Connectivity Roads Bharatmala- Coastal & Port 6 Gopalpur-Ratanpur (Pkg-V) PIU-Bhubaneshwar EPC 45.02 Connectivity Roads

Construction of flyover-under-pass at Vizag airport Bharatmala- Coastal & Port 7 junction to ensure flow of container trailers to-from PIU-Visakhapatnam To Be Determined 5 Connectivity Roads MMLP setup at NH-16

8 4 to 6 laning of NH-45B and NH-7A PIU-Tuticorin Bharatmala- Coastal & Port To Be Determined 12.25 Connectivity Roads Road Connectivity From Outer Harbour To Port Connectivity Junction -B at Vizag Bharatmala- Coastal & Port 9 PIU-Visakhapatnam To Be Determined 5 port -4 Lane road from existing East Break Connectivity Roads Waters upto Convent Junction

Fly over bridge from Sea-horses junction Bharatmala- Coastal & Port PIU-Visakhapatnam To Be Determined 3 10 area to dock area at Vizag Port Connectivity Roads 2 to 4 laning of port road connectivity to Bharatmala- Coastal & Port 11 PIU-Visakhapatnam To Be Determined 8 NH – 5 -Phase II Connectivity Roads 4 to 6 laning of road connecting VPT East Bharatmala- Coastal & Port 12 PIU-Visakhapatnam To Be Determined 12.47 breakwater to Sheela Nagar Junction Connectivity Roads

Construction of flyover bridge - FOB at Bharatmala- Coastal & Port 13 PIU-Visakhapatnam To Be Determined 3 Nathayyapalem - Mindi on NH-16 Connectivity Roads

Four lane coastal road from Gangavaram Bharatmala- Coastal & Port 14 PIU-Visakhapatnam To Be Determined 30 Port to Vizag Port Connectivity Roads

4-laning of Tiruchendur - Kanniyakumari Bharatmala- Coastal & Port 15 PIU-Nagarcoil EPC 69.54 section of SH-176 Connectivity Roads

Road Connectivity from NH-66 to Kasarkod Bharatmala- Coastal & Port 16 PIU-Mangalore EPC 4 side of Honnavar Port Connectivity Roads Road connecting Vizag Port from Sheela Bharatmala- Coastal & Port 17 Nagar junction to Anakapalli-Sabbavar- PIU-Visakhapatnam BOT Hybrid Annuity 12.7 Connectivity Roads am-Pendurti - Anandapuram road

Greenfield bypass road connecting Gan- Bharatmala- Coastal & Port 18 gavaram port in Visakhapatnam District PIU-Visakhapatnam To Be Determined 11.5 Connectivity Roads -Lanes to be specified Four lane Beach Road connecting PIU-Visakhapatnam Bharatmala- Coastal & Port 19 Gangavaram Port to the SEZ proposed at To Be Determined 30 Connectivity Roads Achuthapuram in Visakhapatnam District Four lane Beach Road connecting Bharatmala- Coastal & Port 20 Gangavaram Port to the SEZ proposed at PIU-Visakhapatnam To Be Determined 14.4 Connectivity Roads Achuthapuram in Visakhapatnam District Bharatmala- Coastal & Port 21 Bharatmala- Coastal & Port Connectivity Roads PIU-Bhubaneshwar EPC 80.4 Connectivity Roads Bharatmala- Coastal & Port 22 Ratanpur to Dhamra (Pkg-I) PIU-Bhubaneshwar EPC 56.94 Connectivity Roads Bharatmala- Coastal & Port 23 Basudevpur to Chandipur (Pkg-II) PIU-Bhubaneshwar EPC 50.68 Connectivity Roads Bharatmala- Coastal & Port 24 Chandipur to Digha (Pkg-III) PIU-Bhubaneshwar EPC 57.98 Connectivity Roads Bharatmala- Coastal & Port 25 Jamujhadi to Dhamra (Pkg-I) PIU-Bhubaneshwar EPC 30 Connectivity Roads Bharatmala- Coastal & Port 26 Jamujhadi to Dhamra (Pkg-II) PIU-Bhubaneshwar EPC 31.66 Connectivity Roads

110 Infraline.com | December 2019 State Wise Project Status Under NHIDCL As on 1st October 2019 Total Civil works in progress Total DPR works in progress

s. NO State Name Length (in Km ) Cost (Rs in Cr) Length (in Km ) Cost (Rs in Cr)

1 Andaman & Nicobar Island 321 2076 138 1314 2 Arunachal Pradesh 712 9418 342 3306 3 Assam 434 9022 3061 51507 4 Himachal Pradesh 0 0 198 3254 5 Jammu & Kashmir 162 10430 453 0 6 Manipur 510 2661 1567 19921 7 Meghalaya 85 860 1152 16390 8 Mizoram 351 6168 502 6931 9 Nagaland 343 5937 496 6472 10 Sikkim 88 1600 446 6312 11 Tripura 124 1693 400 5998 12 Uttarakhand 104 2804 313 6851 13 West Bengal 41 1101 53 2065 Grand Total 3274 53768 9120.62 130321.34

State Wise Maintenance & Repair Works of Road Under NHIDCL As on 1st October 2019 s. NO State Name Total Nos. Works under progress Length (in Km ) Cost (Rs in Cr)

1 Andaman & Nicobar Island 4 312 14.81 2 Jammu & Kashmir 8 343 70.3 2 Manipur 19 675 134 3 Sikkim 3 34 80 4 Uttarakhand 2 100 7.35 Grand Total 36 1464 307

Infraline.com | December 2019 111

roads // Sectoral Reports

Infraline Inhouse Monthly Stream Specially Focused on Day to Day Industry Developments to Help Different Stakeholders Make Bold Decisions in Infrastructure Roads Sector Outlook Sector.

“15 lakh crore projects are under bidding stage and 83k budget already taken”

112 Infraline.com | December 2019 ROAD PROJECTS GRAPHICAL Sector Statistics PRESENTATION Project Status with respect to Original Schedule: Out of 839 projects, Investment Scenario 7 projects are ahead of schedule, 150 projects are on schedule 219 Total Projects Projects on Schedule Total original cost of implementation of 839 projects when sanc- projects are delayed. 372 projects do not have fixed dates of com- tioned, wasProjects of the orderDelayed of Rs. 493493.25Without crore but ODC this DOCwas subse- missioning. 91projects were sanctioned without any commissioning quently anticipated to Rs. 510239.55 crore implying a cost overrun date but subsequently dates of completion were finalized. Projects Ahead of Schedule of 3.4%. The expenditure incurred on these projects till July, 2019 839 831 810

is Rs. 239800.48652 crore, which is 47% of the anticipated cost of the 469 463 431 projects 417 227 219 216 169 165 150 126 50 8 8 HAM Losing Charm7 7

12% YearAPR- 19 NumberMAY- 19 of ProjectJUN-Length19 (in JULkms)- 19 2015-16 8 343 31% 2016-17 31 2059 2017-18 60 3236 2018-19 18 834 28% 2019-20 (Apr-Sep) 0 0

HAM Project Status 29% 2019-20 (Apr-Sep)

1-12 Months 13-24 Months 2018-19 25-60 Months 60 and Above Months 2017-18 2016-17 In India 40 percent of traffic ply of 2-3 percent of road and 70 percent of project cost of any project is land acquisition cost which needs at- 2015-16 tention. Currently 17lakh crore project is underway under port/road connectivity. 0 1000 2000 3000 4000

In the Budget for 2019-20, the ministry of road transport and high- Length (in kms) Number of Project ways (MoRTH) was allocated Rs. 83,016 crore for highway construction, up from Rs. 78,626 crore in 2018-19 and Rs. 61,015 crore in 2017-18. Of the total budgetary support for the current fiscal, MoRTH has already spent Rs. 51,798

ROAD PROJECTS GRAPHICAL PRESENTATION

Total Projects Projects on Schedule Projects Delayed Without ODC DOC Projects Ahead of Schedule 839 831 810 652 469 463 431 417 227 219 216 169 165 150 126 50 8 8 7 7

APR- 19 MAY- 19 JUN- 19 JUL- 19 12%

31% Infraline.com | December 2019 113

28%

29%

1-12 Months 13-24 Months 25-60 Months 60 and Above Months

roads // Sectoral Reports

Key Takeaways in recent time Finance ministry turns down MoRTH’s demand for Rs 43,000 • DPR Preparation through drone monitoring crore hike in outlay • Focusing on skilled man power Despite the apparent thrust being given to infrastructure spend- • Ministry assuring to monetize maximum number of ing, the finance ministry has rejected the road transport and high- projects through highway village, petrol station, way ministry’s demand for hiking the budget outlay for it by Rs. restaurant, rest room 43,000 crore or 51% over the budget estimate. • More greenfield projects to save time and cost • No construction till 80 percent of land acquisition In the Budget for 2019-20, the ministry of road transport and • Long term planning for infra to assure long success highways (MoRTH) was allocated Rs. 83,016 crore for highway • Maximum Use of new technology in construction construction, up from Rs. 78,626 crore in 2018-19 and Rs. 61,015 • Fast dispute resolution crore in 2017-18. Of the total budgetary support for the current fiscal, MoRTH has already spent Rs. 51,798 crore or 62% by Sep- tember end, as per the Controller General of Accounts data. Industry Update Just 3 companies show up for NHAI’s toll-operate-trans- Cash payment to be a thing of past, FASTag at NH toll pla- fer-3 auctions zas from Dec 1 The highways ministry’s third round of auctions for monetisation Payments at all the toll plazas on national highways will be of toll roads has received bids from only three players, officials through FASTag only from December 1. Cash payments will no aware of the matter said. The turnout is strikingly low especially longer be accepted. FASTag is a prepaid tag that enables automat- after 27 players had evinced interest during the pre-bid meetings. ic deduction of toll fee and allows the vehicle to pass through the plaza without stopping for cash transaction. The National Highways Authority of India (NHAI) had in June this year invited bids for the third bundle of toll-operate transfer (TOT) Currently, the National Highways Authority of India (NHAI) has 19 auctions, looking to raise a minimum of Rs 4,995 crore. While the permanent and two temporary toll plazas across Nagpur region names of the companies that have submitted bids due are not yet and daily collection from these plazas is around Rs2.30 crore. known, officials said leading infrastructure players such as Adani, Cube Highways, IRB Infrastructure and Larsen & Toubro could be Revenue growth for EPC highway projects may get halved among the bidders. in FY20, FY21 Revenue growth for highway developers in the engineering, pro- UP Cabinet approves contracts for two expressway projects curement and construction (EPC) segment could get halved in The state cabinet on Monday approved contracts to construction both 2019-20 and 2020-21 fiscals to around 15% against 30% companies that the Uttar Pradesh Expressways Industrial Devel- logged in FY19. “The decline would be largely due to slower opment Authority had selected through competitive bidding for awarding of projects and delayed receipt of appointed date — the 296-km Bundelkhand Expressway and the 91.35 km Gorakh- which is the zero date or kick-off date for start of a project — pur Link Expressway. from the National Highways Authority of India (NHAI),” rating

114 Infraline.com | December 2019 agency Crisil said in a report. NHAI awarded around 7,400 km in FY18. It fell to about 2,200 km in FY19

Rs 457cr released for highway maintenance Thiruvananthapuram: National Highways Authority of India (NHAI) has released Rs 457 crore for the maintenance of national highways in state. PWD minister G Sudhakaran said that the decision came following relentless demand from the state over the delay in releasing funds. The sum will be utilized for immediate renovation of roads and bridges, especially Cheruthoni bridge, which was damaged during the 2018 floods.

Earlier, NHAI had allotted Rs 203.5 crore for renovation works. In total, Rs 898 crore for maintenance of 595km national highway has been allotted by NHAI. The amount has been allotted for maintenance of 60 roads in Kasaragod, Kannur, Kozhikode, Wayanad, Palakkad, Malappuram, Ernakulam, Alappuzha, Kotta- yam, Idukki, Kollam and Thiruvananthapuram.

Rs350-cr projects for ‘smart’ Shimla As many as 28 projects worth Rs350 crore, including construction of three flyovers, five roundabouts, five escalators and three smart parking lots, were today approved by the Board of Directors of Shimla Smart City Mission Limited.

ICICI Bank surpasses milestone of 2 million FASTag issuance, aims to double it in next 6 months Private sector lender ICICI Bank said it has crossed a milestone of issuing two million FASTag till date. It aims to double the number to 4 million in the next six months. Company Update NHAI terminates 2 concession agreements of IRB Infra road projects The company informed that the NHAI has terminated the concession agreements of two Special Purpose Vehicles (SPVs) of highways infrastructure developer IRB Infrastructure. The SPVs had received Hybrid Annuity Model projects for 4-laning of Puducherry-Poondiyankuppam and Poondiyankuppam-Sattana- thapuram highways. Road Ahead Sadbhav Infrastructure Projects gets appointed date from Infrastructure in India should adopt long term view to achieve NHAI for construction of Vadodara Kim Expressway continuous success, china has got stride in infra because they National Highways Authority of India (“NHAI”) has declared No- think and plan for next 50 years. Some places revenue officer for vember 1, 2019 as appointed date vide its letter dated November land acquisition hike the rate or giving less compensation there 11, 2019, for Sadbhav Kim Expressway Private Limited (“SKEPL”), should be proper monitoring. We are still stuck to traditional DPR a wholly owned subsidiary of Sadbhav Infrastructure Project, in method use of new technology will help to get accurate projection accordance with the concession agreement dated May 10, 2018. and planning before commissioning of any project. Construction of eight lane Vadodara Kim Expressway from 254.43km to 279.00km (Kim to Ankleshwar Section of Vadodara On Infra project, funding and government spending are limited so Mumbai Expressway) in the state of Gujarat under NHDP Phase role of FDI is very important as any outside investor look for ease -VI (Phase IA - Package V) on Hybrid Annuity Mode of doing business index of the country.

Infraline.com | December 2019 115 Research Report Table of Contents

Executive Summary vi Capacity addition Trends by Source & by State 1. Introduction vii Key Issues & Outlook i History of Captive Power in India 4. Trading Options ii Regulatory & Policy Framework for Captive Generation i Power Exchanges iIi Trends in Installed Capacity ii Bilateral Trading 2. Trends, Market Size & Outlook iii Key issues & Outlook i Analysis on Installed Capacity 5. Project Pipeline for Captive Plants Trends & Market Outlook ii Captive Power Economics i Coal Based iii Grid Power Tariffs ii Oil & Gas Based iv Fuel Wise Outlook for Captive Power in India 2019 iii Renewable Based v Outlook & Projections 6. Conclusion Key Highlights Executive Summary 3. Renewable Energy Sources Captive power plants have been growing at an aggressive pace in India. As of now, i Regulatory & Policy Framework for Renewable Annexure Current Scenario of Captive Power in India the installed capacity of Captive power plants in India is estimated around 82.3 GW Energy Contains all Commissioned & Upcoming Captive Policy Framework for Captive Plants as on March 2018. In 2008, the total installed capacity of captive plants in India, ii Incentives & Policy Measures Power Plants in India where plants are greater than 1MW in size, was about 25 GW; these constitute Location Wise Information Trends in Captive Installations around 17 per cent of the total installed capacity in India. Studies have also inferred iii Growth & Size Captive Power Forecast that it would be beneficial to encourage captive growth in India as this can add the iv REC Trading Fuel Wise Information much-needed capacity while increasing competition in the power market. Thus, by v Tariffs & Cost Economics Developer & Owner Wise Information Captive Power Pricing in India encouraging captive capacity addition so far to overcome the power crisis affecting economic productivity, policy makers have in fact devised a way to add the needed Trading Options for Captive Producers generating capacity. The phenomenal growth of captive power plants over the years has created a dual track in the power sector. Key Questions Answered India is also faced with the daunting task of balancing its growth and development Captive Power Trends & Prices objectives with the challenge of ameliorating environmental damage and the threat of climate change. The complexity arises from the fact that India’s energy Portfolio for Upcoming Captive Plants use comprises mostly of fossil fuels, making the energy sector one of the greatest Captive Power Pricing in India contributors to global emissions in the country.

Captive Power Outlook for India India's Growth in Installed Captive Power Capacity (MW) A must buy for 85000 82310 Investors 80230 80000 77960 Government Bodies & Agencies 75120 75000 72400 Policy Makers & Academia 69520 70000 Captive Power Producers

Consultants 65000

60000 For Priority Business 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18*

Rajesh Singh Panwar The report will cover the entire Indian Captive Power Market which will give an insight [email protected] on the market movement for Captive Power Producers. It will also highlight the tariffs Mob: +91 9711786999 and trading options for such producers and everyone across the entire value chain. The report is priced at INR 125,000 or USD $1811. We are offering a pre-publication discount of 10%. The price after The report will also come with data sets for all commissioned as well as planned discount is INR 1,12,500 or USD $1630. This offer is valid for orders and payments received on or before December 31, 2019. Ph: +91 120 6799125, 160 projects for Captive generation in India. (GST will be charged as applicable) Table of Contents

The report is priced at INR 125,000 or USD $1811. We are offering a pre-publication discount of 10%. The price after discount is INR 1,12,500 or USD $1630. This offer is valid for orders and payments received on or before December 31, 2019. (GST will be charged as applicable) Feedback

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