Weekly newsletter #Energy sector

1. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015 1
Policy
News
❑ Government
to
achieve
solar
energy
target
by
2022
The
union
government
is
committed
to
realize
the
target
of
1,75,000
MW
renewable
energy
by
2022
comprising
1,00,000
MW
of
solar
energy.
Global
agencies
have
shown
commitment
to
offer
huge
soft
loans
to
India
for
the
mission.
However,
since
the
target
for
solar
power
capacity
has
been
increased
to
1,00,000
MW
from
20,000
MW,
it
is
expected
to
damage
the
“Make
in
India"
plans
by
disrupting
technically
the
entire
electricity
grid,
and
increasing
the
cost
of
critical
manufacturing
input
electricity.
As
long
as
solar
power
was
a
small
fraction
of
total
power
supply,
its
national
impact
was
marginal.
Industry
News
❑ More
than
3
billion
units
of
power
wasted
in
a
year
Over
3
billion
units
of
electricity
were
lost
in
2014-­‐15
due
to
congestion
in
transmission
lines
which
jammed
trading
between
surplus
and
deficit
regions.
Various
power
exchanges
have
shown
a
higher
wastage
in
2013-­‐14
standing
at
5.3
billion
units.
Southern
part
of
India
is
one
of
the
sufferers
and
network
congestion
cost
stood
at
INR
5,000
crore
in
the
last
three
years.
Reservation
of
transmission
capacity
is
the
need
of
the
hour
for
growth
of
a
healthy
power
market.
❑ China
Petroleum
Pipeline,
JSIW
and
ILFS
are
the
top
purchasers
for
Jagdishpur-­‐Haldia
project
China
Petroleum
Pipeline
Bureau
(CPPB),
JSIW
Infrastructure
and
Infrastructure
Leasing
&
Financial
Services
will
be
laying
the
2,050-­‐km
pipeline
in
the
first
phase
of
the
Jagdishpur-­‐Haldia
pipeline
project.
The
pipeline
will
supply
imported
liquefied
natural
gas
to
the
customers.
The
main
reasons
postponing
the
setting
up
of
the
Jagdishpur-­‐Haldia
pipeline
was
the
unavailability
of
locally
produced
gas
after
the
decline
in
the
output
from
Reliance
Industries'
KG-­‐D6
field.
❑ Aditya
Birla
Nuvo
to
foray
into
solar
power
business
Aditya
Birla
Nuvo
(ABNL)
plans
to
venture
into
solar
power
business
and
is
likely
to
participate
in
auction
of
such
projects
in
Telangana.
The
decision
to
foray
into
solar
power
business
was
taken
because
of
the
renewed
focus
of
the
Indian
government
on
clean
energy
and
with
the
interest
of
the
company
to
invest
in
the
sector.
Investment
News
❑ JSW
Energy
inks
pacts
with
Monnet
for
acquisition
of
power
arm
JSW
Energy
has
entered
into
a
non-­‐binding
pact
with
Monnet
Ispat
&
Energy
Limited
(MIEL)
for
acquisition
of
its
power
arm
at
an
investment
of
about
INR
3,000
crore.
MIEL
is
setting
up
a
1,050
MW
(2
x
525
MW)
thermal
power
plant
in
Odisha.
Energy
News
July
4,
2015
–
July
10,
2015

2. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015
❑ Andhra
Pradesh
to
invest
INR
30,000
crore
for
T&D
networks
in
the
next
4
years
Andhra
Pradesh
government
decided
to
accelerate
the
current
projects
by
investing
around
INR
30,000
crore
in
order
to
meet
the
energy
requirements
and
peak
demand.
It
has
also
proposed
to
strengthen
the
transmission
and
distribution
(T&D)
network
in
the
coming
four
years.
In
order
to
improve
the
voltage
profile
in
certain
areas
and
also
deliver
quality
power
to
consumers,
the
utilities
have
proposed
to
the
government
to
install
400
kV
sub-­‐stations
in
each
district.
❑ MRPL
to
acquire
INR
6,400-­‐crore
petrochemical
plant
in
Karnataka
Mangalore
Refinery
and
Petrochemicals
Limited
(MRPL)
is
planning
to
take
over
a
USD
1
billion
petrochemical
plant
in
Karnataka,
adjacent
to
its
refinery
in
an
all
share
deal.
MRPL
had
recently
raised
its
stake
in
ONGC
Mangalore
Petrochemicals
Limited
(OMPL),
a
greenfield
petrochemical
project
at
the
Mangaluru
Special
Economic
Zone
comprising
an
aromatic
complex
for
production
of
Para-­‐xylene
and
Benzene.
❑ Hilliard
Energy
to
set
up
solar
and
wind
projects
in
Andhra
Pradesh
Hilliard
Energy,
US-­‐based
power
producer
has
proposed
to
invest
USD
650
million
to
set
up
solar
and
wind-­‐
based
projects
in
Andhra
Pradesh.
Already,
500
MW
solar
and
150
MW
wind
capacity
has
been
installed
in
the
state
in
a
phased
manner.
The
company
officials
have
plans
to
visit
the
state
soon
to
collect
information
regarding
possible
location
and
power
purchase
agreement.
❑ Adani
Group
to
set
up
solar
park
in
Tamil
Nadu
for
INR
4,536
crore
Adani
Group
has
planned
to
set
up
a
solar
park
in
Tamil
Nadu
at
an
outlay
of
INR
4,536
crore.
The
government
will
purchase
the
power
generated
from
the
plant
at
a
price
of
INR
7.01
per
unit.
The
Tamil
Nadu
Transmission
Corporation
Limited
has
signed
power
purchase
agreements
to
procure
436
MW
solar
power
with
31
private
players.
Apart
from
this
agreement,
107
private
solar
power
companies
have
registered
with
the
TANDGEDCO
for
setting
up
of
2,722.50
MW
of
solar
power.
2
Energy
News
July
4,
2015
–
July
10,
2015

3. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015 3
Energy
News
July
4,
2015
–
July
10,
2015
Source:
Petroleum
Planning
&
Analysis
Cell
Weekly
Snapshot
Crude
Oil
Price
for
Indian
Basket
(USD/
barrel)
Year April May June July August Septembe
r
October November December January Februar
y
March Average
2000-01 22.51 26.60 28.49 27.26 28.46 31.34 30.50 30.92 23.25 24.02 25.92 23.82 26.92
2001-02 24.82 26.95 26.63 23.99 25.01 24.79 20.05 18.24 18.24 18.92 19.55 23.31 22.54
2002-03 25.03 25.00 24.05 25.18 25.86 27.49 26.90 23.68 27.11 29.59 31.26 28.83 26.65
2003-04 24.21 25.00 26.42 27.46 28.66 26.27 28.45 28.20 28.97 30.01 29.61 32.21 27.97
2004-05 32.36 36.09 34.22 36.35 40.53 39.15 43.37 38.82 36.85 41.00 42.58 49.27 39.21
2005-06 49.43 47.02 52.72 55.01 60.03 59.74 56.28 53.31 55.05 60.61 58.95 60.01 55.72
2006-07 67.06 67.33 66.90 71.29 70.87 60.94 57.26 57.80 60.34 52.62 56.49 60.26 62.46
2007-08 65.48 65.76 68.10 72.58 68.97 74.78 79.33 89.15 87.92 89.52 92.16 99.76 79.25
2008-09 105.77 120.91 129.72 132.47 113.05 96.81 69.12 50.91 40.61 43.99 43.22 46.02 83.57
2009-10 50.14 58.00 69.12 64.82 71.98 67.70 73.06 77.39 75.02 76.61 73.69 78.02 69.76
2010-11 84.08 76.16 74.33 73.54 75.13 76.09 81.11 84.26 89.77 93.87 101.62 110.71 85.09
2011-12 118.64 110.80 109.99 112.53 106.94 108.79 106.11 109.62 107.19 110.47 117.67 123.61 111.89
2012-13 117.97 108.05 94.51 100.34 110.07 111.77 109.79 107.87 107.28 109.55 112.68 106.45 107.97
2013-14 101.57 101.10 101.11 104.86 108.45 109.47 107.37 106.55 108.72 105.29 106.19 105.30 105.52
2014-15 105.56 106.85 109.05 106.30 101.89 96.96 86.83 77.58 61.21 46.59 56.43 55.18 84.16
2015-16 59.07 63.82 61.75 - - - - - - - - - 61.55

4. ©
Gyan
Research
and
Analytics
Pvt.
Ltd.,
2015 4
GYAN
RESEARCH
AND
ANALYTICS
PVT.
LTD.
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Website:
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4,
2015
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July
10,
2015
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