Weekly newsletter for Energy sector highlights industry, investment and weekly snapshot

1. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015 1
Policy
News
❑ CERC
backlog
of
nearly
800
petitions
The
Central
Electricity
Regulatory
Commission
(CERC)
has
nearly
800
petitions
pending,
since
2007.
Some
of
the
country's
top
private
power
companies
are
already
financially
stressed
with
high
costs
and
interest
burden
of
their
projects.
The
other
major
cause
of
pending
petitions
is
shown
as
"awaiting
additional
information”.
Industry
News
❑ Rajasthan
government
approves
INR
1.56
lakh
crore
of
solar
projects
The
Rajasthan
government
has
cleared
solar
energy
projects
worth
INR
1.56
lakh
crore
with
the
aim
of
generating
26,000
MW
of
solar
energy.
The
solar
parks
will
be
set
up
under
the
Rajasthan
Solar
Energy
Policy
2014,
by
four
companies
in
the
state.
❑ Assam
and
Meghalaya
owe
NEEPCO
nearly
INR
1,000
crore
power
dues
Assam
and
Meghalaya
together
owe
the
state-­‐owned
North-­‐East
Electric
Power
Corporation
(NEEPCO)
nearly
INR
1,000
crore
in
outstanding
power
dues.
NEEPCO
is
to
receive
INR
536.64
crore
from
Assam
and
INR
429.4
crore
from
Meghalaya
against
the
sale
of
power.
The
other
north-­‐eastern
states
that
have
pending
power
dues
with
NEEPCO
include
Tripura
(INR
89.74
crore),
Manipur
(INR
68.14
crore)
and
Arunachal
Pradesh
(INR
26.16
crore).
❑ Oil
PSUs
initiate
process
to
procure
biodiesel
Indian
Oil
Corporation
(IOC),
Bharat
Petroleum
Corporation
and
Hindustan
Petroleum
Corporation
have
invited
tenders
from
local
manufacturers
for
the
procurement
of
850
million
litres
of
biodiesel.
IOC
is
likely
to
procure
about
40
percent
of
the
total
quantity,
while
the
balance
will
be
shared
between
the
other
two
firms.
The
biodiesel
will
be
delivered
at
multiple
locations
from
August
2015
to
March
2016.
❑ GAIL
to
install
corrosion
monitors
in
pipelines
GAIL
India
Limited
(GAIL)
plans
to
install
electronic
systems
to
monitor
corrosion,
leak
and
explosion
in
pipelines.
It
will
install
monitoring
systems
in
the
entire
KG
basin
pipeline
network
in
Andhra
Pradesh.
GAIL
has
floated
a
tender
for
the
supply,
installation,
testing
and
commissioning
of
internal
corrosion
monitoring
systems
using
electrical
resistance
probes
and
corrosion
coupons.
❑
India
imported
30
percent
less
volume
under
long-­‐term
Qatar
LNG
deal
Due
to
a
slide
in
spot
prices
and
lower
demand
from
local
buyers,
India
has
imported
30
percent
less
liquefied
natural
gas
(LNG)
than
earlier
agreed
under
a
long-­‐term
deal
with
Qatar.
This
year,
Petronet
LNG
has
cut
imports
by
30
percent.
The
company
has
a
25-­‐year
deal
with
Qatar's
RasGas
to
buy
7.5
million
tonnes
per
annum
(mmtpa)
of
LNG.
Energy
News
July
25,
2015
–
July
31,
2015

2. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015
❑ NTPC
and
Jharkhand
government
sign
MoU
to
scale
up
Patratu
power
plant
National
Thermal
Power
Corporation
(NTPC)
and
the
Jharkhand
government
signed
a
memorandum
of
understanding
(MoU)
for
the
development
of
the
Patratu
thermal
power
station
to
surge
power
production.
This
comes
three
months
after
the
two
sides
signed
a
pact
to
form
a
joint
venture.
As
per
the
earlier
agreement
signed
on
May
3,
2015,
the
capacity
expansion
would
be
completed
in
two
phases
-­‐
3x800
MW
and
2x800
MW.
The
project
is
expected
to
be
completed
by
2024-­‐25.
❑ Petronet
LNG
aims
to
rent
out
63
percent
of
Dahej
LNG's
capacity
Over
the
next
four
years,
Petronet
LNG
plans
to
lease
out
about
two-­‐thirds
capacity
at
its
Dahej
import
terminal
in
Gujarat
to
boost
revenue
and
prevent
the
facility
falling
into
negligence.
The
company,
which
imports
large
volumes
of
LNG
from
Qatar
for
Indian
companies,
is
to
lease
space
to
other
firms
as
domestic
demand
for
its
costly
Qatari
cargo
recedes.
Currently,
it
buys
7.5
mmtpa
of
LNG
from
RasGas
under
a
long-­‐term
deal
and
has
leased
1.25
mmtpa
of
capacity
to
Gujarat
State
Petroleum
Corporation.
❑ ONGC
to
invest
USD
8.8
billion
in
KG
oil
and
gas
finds
By
2018-­‐19,
Oil
and
Natural
Gas
Corporation
(ONGC)
will
invest
over
USD
8.8
billion
in
bringing
to
production
its
KG-­‐basin
oil
and
gas
discoveries.
ONGC
has
divided
12
oil
and
gas
finds
into
three
clusters
in
the
block
KG-­‐
DWN-­‐98/2
or
KG-­‐D5
and
gas
discovery
in
an
adjacent
G-­‐4
block.
It
plans
to
complete
first
gas
by
mid-­‐2018
and
first
oil
by
mid-­‐2019.
❑ Oil
imports
from
Saudi
Arabia
falls
8
percent
In
FY15
India
has
reduced
crude
oil
imports
by
over
8
percent
from
its
top
supplier
Saudi
Arabia
and
has
increased
purchases
from
Africa
and
Latin
America.
This
is
in
an
apparent
bid
to
cut
reliance
on
the
volatile
Middle
East.
Crude
oil
import
from
Saudi
Arabia
was
lower
by
38.18
mmt
in
2013-­‐14
and
34.99
mmt
in
2014-­‐15.
❑ Petrol
pumps
to
secure
cash
and
men
by
installing
ATM-­‐like
machines
Filling
stations
plan
to
use
the
services
of
cash
logistics
firms
to
handle
cash
worth
over
INR
1,000
crore
that
changes
hands
at
petrol
pumps
every
day.
ATMs
will
be
installed
at
fuel
outlets
so
that
the
collected
cash
is
immediately
absorbed
by
the
banks.
This
will
solve
the
need
for
a
risk-­‐fraught
transfer
of
cash
from
stations
to
bank
branches.
❑ Power
sector
loans
worth
INR
4
lakh
crore
may
be
at
risk
Power
sector
loans
worth
INR
4
lakh
crore
(USD
62.5
billion)
are
expected
to
be
at
risk
according
to
a
CRISIL
report.
Due
to
lack
of
long-­‐term
buyers
for
electricity,
inadequate
fuel
supply
and
aggressive
bidding
to
win
projects
and
coal
blocks,
about
a
fourth
of
the
existing
power
projects
with
46,000
MW
capacity
and
loans
of
INR
2,10,000
crore
are
facing
viability
issues.
2
Energy
News
July
25,
2015
–
July
31,
2015

3. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015
❑ Capacity
utilization
at
thermal
plants
touches
new
low
of
59
percent
In
June
2015,
India's
thermal
plants
touched
a
new
low
of
59
percent
in
capacity
utilization.
This
level
is
likely
to
make
it
difficult
for
commercial
plants
to
service
their
debt.
On
the
other
hand,
utilities
that
have
power
purchase
agreements
with
generators
could
observe
a
rise
in
power
cost.
Investment
News
❑ JSW
Energy
subsidiary
sells
26
percent
stake
in
South
African
firm
JSW
Energy
Natural
Resources
South
Africa,
a
subsidiary
of
JSW
Energy,
sold
26
percent
stake
in
South
African
Coal
Mining
Holdings
(SACMH)
to
meet
regulatory
norms.
After
the
sale,
its
stake
in
SACMH
will
fall
to
67.25
percent
from
the
current
93.27
percent.
SACMH
is
a
listed
entity
on
the
Johannesburg
Stock
Exchange.
❑ Nava
Bharat
Ventures
achieves
financial
closure
for
300
MW
coal
project
Maamba
Collieries
Limited
(MCL),
a
subsidiary
of
Nava
Bharat
Ventures,
has
announced
the
financial
closure
of
its
300
MW
coal-­‐fired
thermal
power
project
being
set
up
in
Zambia,
at
an
estimated
cost
of
USD
828
million.
The
project
has
already
achieved
80
percent
progress
in
all
facets
of
its
implementation.
The
power
plant
is
fully
integrated
with
coal
mining,
dedicated
water
supply
system
and
exclusive
330
kV
power
transmission
system.
The
project
is
being
funded
on
a
debt-­‐equity
ratio
of
70:30.
❑ ACME
Solar
to
commission
150
MW
solar
projects
in
Odisha
and
Rajasthan
ACME
Solar
plans
to
commission
solar
plants
of
150
MW
in
Rajasthan
and
Odisha,
under
the
Jawaharlal
Nehru
National
Solar
Mission
(JNNSM).
ACME
Solar
is
a
joint
venture
between
ACME
Cleantech
Solutions
and
EDF
Energies
Nouvelles
and
Luxembourg-­‐based
natural
resources
saving
group
EREN.
The
120
MW
project
(under
JNNSM)
in
Rajasthan’s
Thar
desert
is
a
combination
of
five
photovoltaic
plants
with
6,12,000
solar
panels.
The
30
MW
Odisha
solar
plant,
located
in
the
Sikuan
area,
comprises
1,17,000
photovoltaic
panels.
The
solar
plants
with
a
total
output
of
150
MW
are
likely
to
provide
energy
to
more
than
90,000
Indian
homes.
3
Energy
News
July
25,
2015
–
July
31,
2015

4. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015 4
Energy
News
July
25,
2015
–
July
31,
2015
Source:
Central
Electricity
Authority
Weekly
Snapshot
Region-­‐wise
Availability
above
25
MW
(As
on
July
27,
2015)
Regions Thermal
(Excluding
Gas
&
Diesel)
Nuclear Hydro
Stabilized
Capacity
(MW)
Capacity
Online
(MW)
Stabilized
Capacity
(MW)
Capacity
Online
(MW)
Stabilized
Capacity
(MW)
Capacity
Online
(MW)
Northern 34,573 24,980 1,620 1,520 17,870.27 15,579.07
(Percentage
of
Cap.) 100 72.25 100 93.83 -­‐
-­‐
Western 62,021 38,037 1,840 1,460 7,392 6,712
(Percentage
of
Cap.) 100 61.33 100 79.35 -­‐
-­‐
Southern 25,332.5 21,192.5 2,320 1,100 11,317.7 9,871
(Percentage
of
Cap.) 100 83.66 100 47.41 -­‐
-­‐
Eastern 29,955 2,1985 -­‐
0 4,193.45 3,556.95
(Percentage
of
Cap.) 100 73.39 -­‐
0 -­‐
-­‐
North
Eastern 60 0 -­‐
0 1,242 1,212
(Percentage
of
Cap.) 100 0 -­‐
0 -­‐
-­‐
All
India 1,51,941.5 1,06,194.5 5,780 4,080 42,015.42 36,931.02
(Percentage
of
Cap.) 100 69.89 100 70.59 -­‐
-­‐

5. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015 5
GYAN
RESEARCH
AND
ANALYTICS
PVT.
LTD.
Corporate
Office:
LG
37-­‐38,
Ansal
Fortune
Arcade,
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INDIA
Phone:
+91-­‐120-­‐4235181
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Office:
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Mayur
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E-­‐mail:
reports@gyananalytics.com
Website:
www.gyananalytics.com
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News,
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25,
2015
–
July
31,
2015
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