Monthly Highlights of Indian Power Sector – Nov 11

All India installed capacity at the end of November 2011 (1,85,497 MW):

• Thermal
  • Coal : 1,02,863 MW (56% of total)
  • Gas : 17742 MW (9.6% of total)
  • Diesel : 1200 MW (0.6% of total)
• Nuclear : 4780 MW (2.6% of total)
• Hydro: 38748.4 MW (11 % of total)
• Other Renewable: 20162 MW (11% of total) (Based on 30.06.2011)

Total Electricity Generation till November 2011.

• Thermal       : 4,53,837 MUs (Target – 7,12,234 MUs)
• Hydro           : 1,00,565 MUs (Target – 1,12,050 MUs)
• Nuclear        : 21,206 MUs (Target – 25130 MUs)

All India Thermal PLF: 71.58% (Till Nov 11)

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RPower commissions another 300 MW unit of Rosa Power Project…

According to  Sources, Reliance Power Ltd, has commissioned another 300 MW unit of its Rosa Power Project in Uttar Pradesh on 28th December 2011. With this the company’s total operating capacity has became 900 MW. According to RPower, companies total installed capacity will reach at 5000 MW by the end December 2012 which will include thermal, gas, wind and solar projects.

The total planned capacity of Rosa Power Project is 1200 MW, out of which 900 MW has been commissioned, the balance 300 MW will be commissioned in March 2012. With an investment outlay of over Rs. 6,000 crore, the Rosa project is the largest private sector investment in Uttar Pradesh. Once fully commissioned, electricity generated from the Rosa plant would meet about 15 per cent of Uttar Pradesh's power requirement.

Another projects in the planned 5000 MW of capacity to be installed by December 2012, first unit of 600 MW Butibori Project (Maharashtra), 2400 MW Samalkot Project (Andhra Pradesh) and 660 MW Sasan Project (First Unit).

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Adani Power hits 52-week low as expansion plans put on hold…

According to Sources, share prices of Adani Power Ltd (Gujarat based Power Generating company) have been slipped to their 52-week low of Rs 61.50.

This was due to the company’s announcement to put on hold its plans for capacity expansion of 6,500 megawatts because of a lack of clarity on coal supplies.

Adani Power, currently operates 3,300 MW of power projects and is waiting for the coal allocation by the Government for 3 of its planned projects. The combined coal requirements of these projects is about 25 Mn tonnes per year.

Adani Power’s shares were being traded 7.7% lower at Rs. 62.00. The stock has corrected over 50% so far in the year 2011.

Adani Power is in a downtrend and there are no signals suggesting that the stock is going to move higher immediately. Shares of the company are trading below their 13-day exponential moving average which is at Rs 70. So unless Adani Power crosses Rs 70 and stays above that level, until then the stock will remain under pressure. Adani Power has touched its lifetime lows in trade. The stock is trading at its lowest prices since listing and Hindustan Unilever has done exactly opposite, it is at a lifetime high. Adani Power is in a pretty serious downtrend. Spark  would not see much out of them until the market itself bottoms out finally.

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RPower in talks with U.S. and Chinese banks to raise debt…

According to Sources, Reliance Power Ltd (RPower), the Reliance Group (ADAG) company is currently approaching banks and financial institutions of United States and China to raise funds for its UMPPs Chitrangi and Tilaiya.

As found by Spark, some of the Chinese banks have already funded $1.1 Bn for the Sasan project. 

Overseas debt will be cheaper for RPower as the interest rates of Indian Lenders have been increased sharply due to the RBI’s 13 consecutive rate hikes in two yeas time.

As RPower, buys and will buy equipments from US and Chine, it will help in securing loans from these countries.

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