The document discusses power distribution in India, focusing on distribution franchisees. It provides an overview of the current state of power distribution, noting high AT&C losses around 27% on average. Distribution franchisees are presented as a form of public-private partnership that provides flexibility. The types of franchise models are described, including management contracts, franchise models, and private licensee models. Recent deals involving distribution franchisees are listed. Key issues related to franchisee area structuring, contract period, qualification criteria, and reserve pricing are identified. Benefits to utilities, franchisees, and consumers are outlined.
Webinar: Market & Customer Intelligence on Gwalior for Distribution Franchise...pManifold
The revised MP Distribution Franchisee (DF) RFPs for Gwalior, Ujjain and Sagar has brought down on average coverage area by 100%, number of consumers and electricity sales by 60% and number of DTCs by 77%, with move from district level to city level. There is now mandated capex of Rs. 170 cr for Gwalior, Rs. 70 cr. for Ujjain and Rs. 30 cr. for Sagar and target ATC reductions to 15% in 2 years.
With 30+ companies in the race, already 3 RFP revisions with wider stakeholder engagement, and removal of stringent cash accrual qualification criterion, the bids will likely be more competitive and also volatile. It has become more important now to integrate various perspectives and data sets of information to validate assumptions and prepare informed bidding numbers.
Electric utility primer john chowdhury 2012 finalJohn Chowdhury
A comprehensive analysis of US electric utility industry. Understand US Electric Industry
Regulatory Landscape
Key Utility Processes
How Smart Grid can Benefit the Industry
Example Components
Webinar: Market & Customer Intelligence on Gwalior for Distribution Franchise...pManifold
The revised MP Distribution Franchisee (DF) RFPs for Gwalior, Ujjain and Sagar has brought down on average coverage area by 100%, number of consumers and electricity sales by 60% and number of DTCs by 77%, with move from district level to city level. There is now mandated capex of Rs. 170 cr for Gwalior, Rs. 70 cr. for Ujjain and Rs. 30 cr. for Sagar and target ATC reductions to 15% in 2 years.
With 30+ companies in the race, already 3 RFP revisions with wider stakeholder engagement, and removal of stringent cash accrual qualification criterion, the bids will likely be more competitive and also volatile. It has become more important now to integrate various perspectives and data sets of information to validate assumptions and prepare informed bidding numbers.
Electric utility primer john chowdhury 2012 finalJohn Chowdhury
A comprehensive analysis of US electric utility industry. Understand US Electric Industry
Regulatory Landscape
Key Utility Processes
How Smart Grid can Benefit the Industry
Example Components
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n effort to provide you best content to our readers, the IndianPowerSector.com team has prepared a short report on Indian Power Distribution sector. The report gives an overview of present condition of Distribution sector and landmark steps of privatization. With more than INR 1.6 trillion of losses the Distribution sector is the leaking bucket which needs to be repaired.
The report is first in series of Distribution , we will bring to you the Report Card of each State and Private DisComs with IPS.com analysis. We invite all to be part of these reports as content sponsors.
BRIEFING NOTE: IMPACT OF ROOFTOP SOLAR BY C&I CONSUMERS ON TANGEDCO’S FINANCESAurovilleConsulting
The Tamil Nadu Solar Energy Policy 2019 excludes HT consumers from availing the net feed-in metering mechanism. This discourages a large segment of industrial, commercial, and institutional consumers from installing consumer category solar PV plants.
The only option available for these HT consumers for generating solar energy on their premises is to operate the plant under paralleling, in which any excess generation has to be either curtailed or stored. One key driver for excluding HT consumers from the net feed-in mechanism was a perceived revenue loss in the case of HT consumers installing rooftop solar energy systems. Under the existing cross-subsidy scheme higher tariff paying consumers are cross-subsidizing lower tariff paying consumers.
The Tamil Nadu Solar Energy Policy sets a consumer category solar energy target of 3,600 MW by 2023. As of December 2020, 6.87% of this target has been achieved. If the target of 3,600 MW is achieved by 2023 the solar energy from consumer category solar energy will represent an approximate 4% of the total electricity consumption in Tamil Nadu only.
If the solar net feed-in mechanism with the current net feed-in tariff of 2.28 INR/kWh were made available for all C&I consumers including the HT consumer categories, then TANGEDCO will benefit from consumer category solar energy systems installed on the premises of C&I consumers by reducing its Average Cost of Supply and by increasing its net billing revenue.
Under the current schedule of tariffs, the adaptation of consumer category solar energy systems by C&I consumers presents an opportunity rather than a threat to TANGEDCO to reduce its cost of supply and improve its billing revenue.
ARTIFICIAL INTELLIGENCE TO SUPPORT THE INTEGRATION OF VARIABLE RENEWABLE ENER...MURALIDHAR R
With advancements in technologies, domains like AI and machine learning have come into existence. They have the capability of transforming the renewable energy industry. By leveraging the power of AI, power companies can get better forecasts, manage their grids and schedule maintenance.
Destination Bihar : Opportunities in Bihar State’s Transmission and Distribut...pManifold
The prime objective of the presentation is to create an awareness, amongst investors, of the substantial opportunity present in the State as well as the support provided by the State to private players participating in the Sector
GIS Based Power Distribution System: A Case study for the Junagadh Cityijsrd.com
In this paper power distribution data (poles, transformers and transmission lines) have been mapped using GPS and high resolution remote sensing images. These details have been put in GIS using ArcGIS 9.1 software. Various things like road network and land use are also superimposed on the power distribution system GIS layer. Various types of analysis like finding a pole or circuit of specific transformer can be done using GIS tools.
Economy and Energy Security for Pakistan -What lies ahead
The Economic Survey of Pakistan recognizes that during 2012 around 2 percent of gross domestic product (GDP) was lost due to the power sector outages.
The petroleum crude and products contributed to a third of total imports of Pakistan during 2012
The transmission and distribution (T&D) losses were valued at PKR 140 billion in 2012
Issues being currently faced can be categorised into policy, governance, technical and cost issues
Open Access in Indian Power Sector - Opportunity Assessment and ImplementationIndianPowerSector .com
"NTPC, the country's largest generation utility, reported a drop in plant load factor (PLF)
due to idling of nearly 5,000 MW capacity (including 2,000 MW of gas-based and 3,000
MW ofthennal power)."
Business Line
"Country's peak power deficit in the month of January, 2014 is 5,378 MW"
Central Electricity Authority
The two statements when observed in isolation, are mutually contradicting to each olher in evaluating the
power scenario of the country. But the scenario is not completely assessed. The poor financial health of
the distribution utilities is not allowing them to buy power from the ge nerating utilities, resulting in load
shedding and power cuts for all its users. The users include domestic, commercial and industri al. The unavailability
of power to the industries not only affects the production of the speci fic industry but also
results in poor GDP, which is an index of the financial co ndi tion of the country. This poor financial health
of the co untry is again leading to the in-abil ity of the consumers to pay electricity bills and the vicious
circle forms.
The best antidote for the problem is Open Access of electricity for the industries (Bulk Consumers). This
helps the industries to procure power un -interruptedly, resulting in beuer production and thus leading to
increase in the financial health of the country. Open Access in electricity is not only a reliability for
the industries but also a commercially benefitt ing tool.
Open Access consumers can save al least 7 paisa and up 10 Rs. l.72 per unit and opportunity cost of not
having power is totally eliminated. This report is a guide for bulk consumers in assessing the cost benefit
analysis of Open Access and also discusses the issues in the implementation of Open Access.
A brief comprehensive handbook for developers
and investors to maximize their returns.
How much can you expect as returns from your investment into solar.
Choose the best alternative ,
Know your Policy
Know your Business Model
Know your Open Access state
The states covered in the report have their own pros and cons and will require in detail analysis for their viability
and priority for a particular project developers. For more information on the techno-commercialviability and future of Indian Solar market contact us at
info@indianpowersector.com.
The parliament passed the historic Companies Bill on 8th August 2013. The Rajya Sabha passed the bill which was earlier passed by Lok Sabha last year.
The new companies bill mandates large-sized corporations to spend 2% of their net profits on Corporate Social Responsibility (CSR) activities.
A large part of this potential fund can be channelized for sustainable development; Sustainable development forms one of the nine verticals which qualify under CSR.
The tone was set right a month ago;at the Green Energy CSR - “Evolving Thought Leadership on Green CSR Interventions” which was organised by an NGO : Sharp Developments.
Supported by the Ministry of New and Renewable Energy; Government of India the event emphasized the need of a proper institutional framework for the utilization of CSR funds both through corporate sector and Central Public Sector Enterprises.With a call to the industry to step up innovations and leverage the multiple investment opportunities being created by the government through the New Companies Bill-2012, the conference played a catalyst role in creating a common forum for Government, corporates, NGOs and funding agencies. Dedicated interactive panels were hub for knowledge exchange that widened the market insights on sustainable financing models, cutting-edge technologies and leading business practices. The conference witnessed 25 eminent speakers and more than 120 delegates from across the sector.
The Conference, while trying to identify boundaries of Green CSR – highlighted three verticals through which green CSR could be implemented. These are Renewable Energy based CSR interventions,Energy Efficiency and Renewable Energy Certificates. For more detailed coverage of the Conference, please log on to www.icfild.org
‘ Among the high points of the Conference was the launch of first of its kind comprehensive Report on the status and potential of Green CSR.IndianPowerSector.com in conjunction with Sharp developments launched an “Industry Handbook “during the event. The report titled “The Way Forward” covers the existing guidelines, amalgamation of CSR and Green Energy at various levels and recommendations suggesting a greener approach to be followed to fulfill CSR goals.
Shri. Alok Srivastava, Joint Secretary, MNRE was the Guest of Honour and in the session on Evolving Thought Leadership - Institutional Framework – Role of Government in promoting corporate social responsibility (CSR), addressed the audience by stressing on the linkage between both CSR and Renewables and remarked on the importance of Renewable energy based interventions as a win-win solution in CSR domain by being economically beneficial for the society as well as corporates.
The report provides and enlightening vision and a completely green approach for companies to fulfill their CSR mandate.
1. Power Power
Power
PLusPLus PLus
Distribution
February Edition www.indianpowersector.com
Power Distribution power sector (IPPs and mega power projects) are nothing
but ways of pouring more water into the bucket so that the
Sector in India
consistency and quantity of leaks are assured...”
Twenty years after reforms were introduced in the Indian electricity
sector, the above remark still holds good. The ‘bucket’ in the
Snapshot above remark is the Indian electricity distribution sector, which
consumes no matter how much is generated, without adequately
Distribution and Retail Supply is the most critical link compensating the producers of electricity for the same.
in the electricity market, which interfaces with the end-
customers and provides revenue for the entire value chain. Lack of focus has resulted in poor operational and financial
Indian electricity distribution caters to nearly 200 million performance of the sector, thereby creating greater need of
consumers with a connected load of about 400 GW that sector transformation, with high calls for private participation in
places the country among the largest electricity consumer terms of private franchising, public-private-partnership (ppp),
bases in the world. The consumers are served by around equipment suppliers. As a result, tremendous opportunities
73 distribution utilities – 13 electricity departments, lie on fore in the sector, for various stakeholders. Thus, this
17 private distribution companies, 41 corporatised paper establishes the current scenario of power distribution
distribution companies and 2 State Electricity Boards. franchisee in urban power distribution network.
It owes to the fact of sustenance of other elements in
the sector such as generation, transmission, equipment
manufacturing; which depends on its operational
Operational & Financial
performance and commercial viability. However, despite
of its critical importance, generation segment has always
Performance
been on the agenda of the government, in light of high
AT&C Losses
energy deficit, necessitating need of huge capacity
addition. Not long back, the Government of India had The average AT&C losses in the country are hovering
constituted a committee, headed by Mr. Deepak Parekh, around 27% and these losses are higher on both
erstwhile Chairman of IDFC, to study the electricity sector technical and commercial heads. While higher technical
in India and suggest for improvements. The report, losses are due to old and dilapidated conductors, longer
among other suggestions, remarked the following: lines serving distant and remote loads, old and inefficient
distribution transformers and incorrect configuration
“India’s power sector is a leaking bucket; the holes deliberately leading to load imbalances, higher commercial losses
crafted and the leaks carefully collected as economic rents by are due to stealing of power, poor billing, low collection
various stakeholders that control the system. The logical thing efficiency and faulty metering.
to do would be to fix the bucket rather than to persistently
emphasize shortages of power and forever make exaggerated In the absence of a proper energy accounting and
estimates of future demands for power. Most initiatives in the auditing system in place for most of the utilities, the actual
Power Plus Counsultants 1
2. figures for the AT&C loss could be higher than what gets The aggregate book losses of these utilities increased
reported. Arresting the AT&C losses and reducing them from Rs.21,562 Crs. in the year 2008-09 to Rs.28,493
Source:PFC
year-on-year on a sustained pace will require disciplined Crs. in 2009-10.However, in the year 2010-11, the losses
approach by the utilities, mostly comprising behavioural decreased to Rs.26,921 Crs.
changes to the functioning of the field personnel
engaged in technical and commercial management of Profit on
the distribution network and the customers respectively. Profit before Profit after Profit without subsidy
tax tax subsidy received
basis
Income, Expenditure and Profitability (14,446) (14,303) (27,893) (15,057)
(14,586) (14,751) (34,137) (17,620)
The aggregate turnover (revenue from sale of power and
(21,862) (21,562) (50,441) (34,728)
other income but excluding subsidy booked) of the utilities
(28,182) (28,493) (62,508) (43,433)
reflected a YoY growth of 10.79% in the year 2009-10 and
19.40% in the year 2010-11.The aggregate expenditure of (26,107) (26,921) (59,200) (38,821)
Source:PFC
these utilities registered YoY growth of 13.47% in the year
2009-10 and 13.12% in 2010-11. The recovery of cost is The aggregate book losses of these utilities increased
shown in the figure given below:- from Rs.21,562 Crs. in the year 2008-09 to Rs.28,493
Crs. in 2009-10.However, in the year 2010-11, the losses
decreased to Rs.26,921 Crs.
ARR-ACS gap
The gap (without subsidy) increased from Rs.0.48/kilowatt-
hour (kwh) in 2006-07 to Rs.0.77/kwh in 2010-11.
The upward trajectory of gap per unit is explained by the fact
that while power procurement cost and wage bills - together
both these cost heads account for 82 per cent of the discoms
costs - were increasing, lack of political will to revise tariffs
resulted in growth rate of ACS outpacing the rate at which
ARR increased. Between 2006-07 and 2010-11, the cost of
procuring power and wage bills per unit increased by 10 per
Source:PFC cent each, resulting in ACS growth of 9 per cent.
2 Power Plus Counsultants
3. On the other hand, tariff hikes have been few and far franchisee model is key attraction, for instance, a franchisee
between and insufficient to meet the revenue gap in most arrangement can be limited to catering to small segment
cases; in some states no tariff revision has been implemented of distribution business such as managing a single feeder
for years, as evident from the ARR CAGR of only about 6 or distribution transformer, etc or taking care of all the
per cent between 2006-07 and 2010-11. distribution functions for a complete circle.
Steps taken to Privatization
■■ During the pre-reform era (1991), Power sector was
dominated by the state owned vertically integrated
entities called State Electricity Boards (SEBs), responsible
for all three functions viz. Generation, Transmission and
Distribution of electricity.
■■ Deteriorating financial health of most of the SEBs and
poor quality of supply and service led to reforms in the
power sector
■■ While Generation segment was the first one to be
opened up for private participation, the enactment of the
Electricity Act 2003 provided for mandatory unbundling
Power Distribution of the state electricity board into separate and
independent generation, transmission and distribution
Franchisee companies.
■■ In the Distribution sector, most of the SEBs have already
Definition unbundled (except for Kerala and Jharkhand). The
ownership still largely remains state owned. Private
Distribution Franchisee is the latest form of public-private Sector Participation is limited to 15 private sector
partnership in the distribution sector. The proviso to Section distribution licensees
14 of the Electricity Act 2003 states that:
▪▪ 3 in Delhi (Privatization)
“…in a case where a distribution licensee proposes to ▪▪ 4 in Orissa (Privatization)
undertake distribution of electricity for a specified area
▪▪ 2 in Gujarat
within his area of supply through another person, that
person shall not be required to obtain any separate license ▪▪ 4 in Maharashtra
from the concerned State Commission and such Distribution ▪▪ 1 in Uttar Pradesh
licensee shall be responsible for distribution of electricity in
his area of supply”. ▪▪ 1 in Jharkhand
▪▪ 1 in Madhya Pradesh
This provision provides a conducive framework in which
▪▪ 2 in West Bengal
franchisee can operate in many ways in the distribution
business. Electricity distribution franchisee is a classic
example of public private participation (PPP) and going ■■ In addition to the above, new initiatives like introduction
by the recent trends its acceptability in the private sector of various models of distribution franchisee have also
outweighs when compared to the overall privatization been introduced in the distribution segment, both at the
of distribution companies. Flexibility provided by the rural and urban level.
Power Plus Counsultants 3
4. Pre Reforms 1999 2002 2007 2010 2011
CESC, Orissa Delhi Privatisation Distribution Distribution Distribution
AECL,BSES,NPC, Privatisation – – Distribution Franchisee – Franchisee – Franchisee-
TPC (existing First State Utilities Bhiwandi Agra(operational) Nagpur,
private players) Kanpur(currently Aurangabad,
on hold) Jalgaon
Types of PPP Models
It is also apparent that distribution franchisee model is a
Major models identified in distribution sector under trade-off between privatization benefits and SEB driven
private sector participation or PPP model are Management reforms which is also politically accepted and yields good
Contract Model, Franchise Model and Licensee Model. The result at moderate pace. The franchisee model is thus a
allocation of responsibility in the three models is as under: right mix of progress, legislature and Acceptability.
Management Contract
Allocation of Responsibilities Franchise Model Private Licensee Model
Model
Operation & Maintenance Private Private Private
Capital Investment Public Private Private
Commercial Risk Public Private Private
Asset Ownership Public Public Private
Duration 3-5 years 10-15 years Indefinite
Reform Process Slowest Balanced Fastest
Political Acceptance Most Balanced Lowest
Source: PFC
@IndianPowerSector.com
Types of Franchisee Models
4 Power Plus Counsultants
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Power Plus Counsultants 5
6. Win-Win Situation for Utility
& Franchisee
Benefits to: Description
■■ Reduction in commercial and distribution losses
■■ Better collection efficiency
Distribution Utility
■■ Improved customer satisfaction
■■ Ability to serve larger area
■■ Possibility to earn high financial returns
Franchisee ■■ Customer lock in period
■■ Develop credentials to help in further bids
■■ Improvement in quality of services
Consumers
■■ Improved power availability
Recent Deals
Several of the recent bidding rounds for Distribution from the private sector players but also entry of several
Franchisee have not only witnessed increased participation non-Power players into the sector
Franchisee
Year Utility Winning Bidder Current Status
Area
Dakshinanchal Vidyut Vitran
2009 Agra Torrent Power Ongoing (Operations Taken over)
Nigam Limited (UP)
Kanpur Electricity Supply Com- Delayed due to Agitation from KESCO
2009 Kanpur Torrent Power
pany Limited (UP) employees
Spanco started the Operations but Essel
Maharashtra State Electricity Spanco Group-Essel
2010 Nagpur joined in by paying the dues worth Rs.
Distribution Company Ltd. Group
200 Cr for the area to MSEDCL
Maharashtra State Electricity
2010 Aurangabad GTL Ongoing (Operations Taken over)
Distribution Company Ltd.
Maharashtra State Electricity
2010 Jalgaon Crompton Greaves Ongoing (Operations Taken over)
Distribution Company Ltd.
Madhya Pradesh Madhya Smart Wireless, Essel
2012 Gwalior Operation to be taken over soon
Kshetra Vidyut Vitaran Co. Ltd. Group
Madhya Pradesh Poorv Kshetra Smart Wireless, Essel
2012 Sagar Operation to be taken over soon
Vidyut Vitaran Co. Ltd. Group
Madhya Pradesh Paschim Smart Wireless, Essel
2012 Ujjain Operation to be taken over soon
Kshetra Vidyut Vitaran Co. Ltd. Group
North Bihar Power Distribution Smart Wireless, Essel
2013 Muzaffarpur Operation to be taken over soon
Company Limited. Group
South Bihar Power Distribution
2013 Gaya Spanco Group Operation to be taken over soon
Company Limited
South Bihar Power Distribution
2013 Bhagalpur SPML Infra Operation to be taken over soon
Company Limited
6 Power Plus Counsultants
7. Key Issues
Sl. Parameters Remarks
Standardized selection process & terms of contractas in
1. Standard bidding document for DF
case of Generation and Transmission.
Large enough (Energy input) with defined technical
boundary
2. Structuring of Franchisee area
Revenue potential/ sales mix/ Revenue-loss matrix/ LT
loss level of the area;
3. Contract period Impact on depreciation/transfer value of assets
Participation of consortium allowed in recent bid process;
4. Qualification criteria
Optimizing Competence Vs. Competition
Key success factor for successfulbid process and benefits
5. Quality of base-line data
that shall accrue to the discom/ franchisee
Higher reserve price makesthe proposition non-lucrative,
6. Reserve price for bidderzzzzzzz tgg
may be left to market driven input rate;
Process for periodic joint auditing to be a part of contrac-
7. ABR
tual obligations
Regulatory approval for additional Power purchase,
8. Power sourcing option for DF
FORstudy recommends reliability charge
Loss trajectory and related incentive/ penaltymay lead to
9. Performance Improvement Target
limited participation;
Pass through of subsidy should be based on area profile/
10. Treatment of subsidy
viability of the projectwithout subsidy;
DF should have independence of capexdecision in the ini-
11. Capital expenditure
tial years in long term contract;
Regulator should recognize DF/ Input rate approval/ Util-
12. Role of regulator
ity ARR and DF revenue;
Way Forward
Distribution Franchisee in present form needs serious corrections
▪▪ Especially in provisions related to regulatory oversight, specify guidelines and
standard bidding documents for Distribution Franchisees, separately in Urban and
Rural areas, supply guarantees by the licensee and asset ownership and transfer
Distribution business model needs a complete rethink
▪▪ Unbundling of intrinsic services, viz. “Wires, Supply and Customer Services” would lead to value release
▪▪ Would allow for core specialization in all the activities
▪▪ Would also allow for Non-discriminatory Open Access to become a reality
▪▪ Addressing responsibility for emerging interventions –Smartgrid/ AMI, DSM initiatives
Power Plus Counsultants 7
8. 1. Power Plus Solar 2. Power Plus Smart Grid
Power Power
Power Power Power
Power
PLus PLus
PLus
sola r
PLus PLus
PLus
smart grid
www.indianpowersector.com www.indianpowersector.com
The complete Inside Out of Indian An introduction to Smart Grids
Solar Market a. hat world is doing
W
a. Project development challenges b. hat is smart grid
W
on sites c. Challenges and opportunity
b. The complete financials of d. ay ahead
W
different off-takes e. Investments requirement
c. Policy reviews and way ahead
d. Technology
About Authors
Shubham Gupta is a Power Ankit Varshney is an Electrical
Management Graduate from Engineer with 2 Yrs of Power
National Power Training Distribution Franchisee
Institute (NPTI), Faridabad experience at Torrent Power’s
with special interest and Agra Distribution Franchisee
prior experience in Power as an Executive-HV/EHV
Distribution Sector. During department. He has also seen
the course of his management the operational aspects of
studies he has worked with AF-Mercados Franchisee model from close.
EMI as a Research Intern and has also took He is currently pursuing his Power Management
up an assignment with Indian Smart Grid from National Power Training Institute (NPTI),
Forum (ISGF). Faridabad. He has also worked with Infraline
He has also worked with Torrent Power Ltd. Energy as a Management Intern. There he
as Engineer-Distribution at Agra Franchisee made a report based on Risk Profiling of
after completing his Electrical Engineering Distribution Utilities on the basis of financial
from Dr. KNMIET, Modinagar. and operational data.
8 Power Plus Counsultants
9. Power Plus Consultants.
We at Power Plus Consultants work consistently towards achieving excellence in the field of power. We are a young and dynamic
Delhi based company, and in a short span have formed several international tie-ups with major reputed organizations.
We provide our clients and members India’s largest forum in the sector for networking and lead generation at
IndianPowerSector.com
Complete in house expertise
Our services have contributed in the exceptional
growth of our clients.
Following are the array of services that we offer: Develop
Solar Projects
1. Market Research & Market Intelligence
2. Regulatory Advisory REC
Government
3. Research on Demand Registration Liasioning
4. Content Marketing
5. Local Strategic Partnerships Ride the
Solar Wave
6. International Media Tie-Ups
Solar Site Selection
Farm Leasing to EPC
Project
Financing
Soon to be published: Power Plus (Solar Industry India)
Contact us for Info and Content Branding
Power Plus Counsultants 9
Alok Tripathi, P: +91 97 17 100 223, E: alok.tripathi@indianpowersector.com