POWER DISTRIBUTION IN INDIA 2016

Transcription

1 Now Available POWER DISTRIBUTION IN INDIA 2016 Trends, Development and Sector Outlook Report (PDF) Data-set (Excel) India Infrastructure Research

2 Table of Contents SECTION A: SECTOR ANALYSIS AND OUTLOOK 1. Executive Summary 2. Sector Size and Growth Growth in Line Length (by voltage) Growth in Transformer Capacity (by voltage) Trends in Energy Sales and Consumer Base Trends in AT&C Losses Performance of Reliability Indices Growth Drivers 3. Key Recent Developments Update on UDAY Update on IPDS Update on DDUGJY DEEP Guidelines for Short-term Power Procurement Discom Rankings as per Annual Ratings National Tariff Policy Amendments Proposed Amendments in the Electricity Act, 2003 Update on Compensatory Tariffs Recent Franchisee Appointments Tariff Revisions ( ) Recent Case I and Case II Bids 4. Inter-discom Comparison Line Length Transformer Capacity AT&C Losses Metering Status Number of Consumers Power Purchase Costs Revenues and Expenditure Net Profit/Losses 5. Future Outlook and Projections Projected Network Additions Projected Power Procurement Costs Metering Requirements Projected Capex Tariff Outlook Outlook on Discom Finances 6. Discom Finances and UDAY Scheme Key Trends - Revenue - Expenditure - Profits/Losses - Subsidies Analysis of Key ratios UDAY - Overview - Objectives, Coverage and Components - Debt Takeover Mechanism - Current Status - Impact Future Outlook 7. Integrated Power Development Scheme (IPDS) Restructured Accelerated Power Development and Reforms Programme (R-APDRP) Introduction to IPDS Components of IPDS Coverage of IPDS Outlay and Funding AT&C Loss Reduction Trajectory under IPDS Status of IPDS Recent Initiatives under IPDS IT-Enablement of Additional Towns Impact of IPDS 8. Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) Background of Rural Electrification in India Trends in Rural Electrification Till Date Status of Rural Electrification So Far DDUGJY - Overview - Components and Physical Infrastructure Plans - Implementation and Funding Mechanism - Scheme Outlay Status of Electrification under DDUGJY Funding Status State-wise Project Cost and Funds Released 9. Capital Expenditure Key Capex Trends Discom-wise Capex Trends State-wise Capex Trends Key Elements of Capex Planned Capex ( to ) Discom-wise Planned Capex for Funding Sources 10. Trends in Power Purchase Cost and Competitive Bidding Factors Impacting Power Purchase Costs Trends in Power Purchase Costs Source-wise Power Purchase Costs Long-term and Short-term Power Purchase Capacity and Tariff Trends under Competitive Bidding Short-term Power Procurement Trends Case-I and Case-II Bids Recent DEEP Bidding Results Outlook 11. Tariff Trends Introduction Factors Affecting Tariff Tariff Revisions Agricultural Tariff Trend Domestic Tariff Trend Commercial Tariff Trend LT Industrial Tariff Trend HT Industrial Tariff Trend Fuel and Power Purchase Cost Adjustment Tariff Outlook

3 12. Distribution Franchises Experience So Far - History - DF Models - Operational Franchisee - Terminated Franchisee Profiles of Operational Franchises Recent Awards Key Success Factors Future Outlook 13. Smart Grids Introduction Update on National Smart Grid Mission Update on Pilot Projects Key Technologies/Functionalities AMI Initiatives Smart Energy for Smart Cities Implementation Issues 14. Metering Current Metering Coverage Discom-wise Comparison Smart Metering Initiatives Prepaid Metering Experience Status of Net Metering Future Metering Requirements SECTION B: DISCOM PROFILES Discom Summary Slides (Detailed Profiles in Excel Spreadsheet) Andhra Pradesh Assam Bihar Chhattisgarh Delhi Gujarat Haryana Himachal Pradesh Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Meghalaya Odisha Punjab Rajasthan Tamil Nadu Telangana Tripura Uttarakhand Uttar Pradesh West Bengal About Us India Infrastructure Research is a division of India Infrastructure Publishing Private Limited, a company dedicated to providing information on infrastructure sectors through magazines, conferences, newsletters and research reports. It publishes five magazines - Indian Infrastructure, Renewable Watch, Power Line, tele.net and Gujarat Infrastructure. India Infrastructure Research publishes research reports in the areas of power, oil & gas, ports & shipping, roads & bridges, telecommunications, aviation, and water. Our reports are acknowledged as high-quality, user-friendly, up-to-date, accurate and comprehensive sources of information. Our clients include most organisations involved in the infrastructure sectors multinationals, top Indian corporates, commercial and investment banks, consulting companies, public sector companies, government agencies, multilateral agencies, and legal firms. Release Date: December 1, 2016 No. of slides: 343 India Infrastructure Research

4 List of Tables and Figures List of Tables Reliability Indices for Discoms for March 2016 IPDS Status (As of September 2016) R-APDRP Status (As of September 2016) DDUGJY Status Discom-wise Annual Rating List for Case I Bidding Results in Recent Past Tariff Revisions Discom-wise Line Length across Voltages ('000 ct km) ( ) Discom-wise Transformer Capacity across Voltage Levels ( ) (in MVA) AT&C Loss Range ( ) Top 10 Discoms in terms of AT&C Losses ( ) Bottom 10 Discoms in terms of AT&C Losses ( ) Utility-wise Metering Coverage (%) Discom-wise Net Profits/(Losses) for (Rs million) Top 10 Distribution Utilities in terms of Consumer Base Top 10 Distribution Utilities in terms of Energy Sales ( ) Projected Power Procurement Costs of Select Discoms Utility-wise Total Income (Rs million) Utility-wise Total Expenditure (Rs million) Trend in Profits/Losses of Distribution Utilities (Rs billion) Utility-wise Gross Profits/Losses (Rs million) Utility-wise Net Profits/Losses (Rs million) Subsidy Booked by Distribution Utilities (Rs million) Utility-wise RoE (%) Utility-wise RoNW (%) Utility-wise RoCE (%) Utility-wise D/E Ratio Utility-wise AT&C Loss Reduction Trajectory under UDAY Utility-wise Proposed Tariff Revisions under UDAY (%) Pre-UDAY state-wise losses and debt (Rs billion) Estimated Benefits from Implementation of UDAY as per the MoUs signed between MoP, GoI and respective state governments (Rs billion) Estimated ACS-ARR gap (Rs per unit) R-APDRP Progress so far (As of September 2016) State-wise No. of Towns, Sanctioned Costs and Disbursements under R-APDRP (Rs billion) State-wise Progress under R-APDRP Part A (SCADA) State-wise Progress under R-APDRP Part B Detailed Outlay for Proposed Work under IPDS Agency-wise Funding Available under IPDS Gross Budgetary Support Available under IPDS (Rs billion) State-wise AT&C Loss Reduction Trajectory by 2022 (%) State-wise Sanctions and Disbursements under IPDS Agency-wise Funding Available under DDUGJY Gross Budgetary Support under DDUGJY (Rs billion) Outlay under DDUGJY (Excluding RGGVY component) State-wise Progress and Status of Village Electrification (no.) Details of Grid Projects Sanctioned under DDUGJY Details of Off-grid Projects Sanctioned under DDUGJY State-wise Project Cost and Funds Released for Grid-connected Projects (Rs billion) Capital Expenditure Incurred by Discoms during to (Rs billion) Capex on other Projects (Rs million) Year-wise Power Purchase Cost Trend (Rs million) Trend in Per Unit Power Purchase Cost (Rs/kWh) Source-wise Power Purchase Cost for discoms for (Rs/kWh) Average retail supply tariff hikes by states for and Mechanism and Frequency of Adjustment in Some States Distribution Franchise Models Distribution Franchises - Operational Distribution Franchises - Terminated ENZEN for Kendarapara I & II, Jagatsinghpur, Dhenkanal, Angul, and Talcher, Odisha - Performance Trend ENZEN for Kendarapara I & II, Jagatsinghpur, Dhenkanal, Angul, and Talcher, Odisha-Key indicators ( ) Essel Vidyut Vitaran for Muzaffarpur, Bihar - Key indicators prior to takeover ( ) FEDCO for Puri, Nayagarh, Khurda and Balugaon, Odisha - Key indicators ( ) FEDCO for Puri, Nayagarh, Khurda and Balugaon, Odisha - Performance Trend IPCL for Gaya, Bihar - Key indicators prior to takeover Performance of Bhagalpur DF vis-à-vis SBPDCL in Performance of Muzaffarpur DF vis-à-vis NBPDCL in Recent Awards - Kota and Bharatpur, Rajasthan- Baseline parameters ( ) RUPL and SUPL for Cuttack city, Athagarh, Salipur and Nimapara, Odisha - Performance Trend RUPL and SUPL for Cuttack city, Athagarh, Salipur and Nimapara, Odisha - Key indicators ( ) Spanco Nagpur Discom Limited for Nagpur, Maharashtra - Performance Trend SPML Infra Limited for Bhagalpur, Bihar - Key indicators prior to takeover ( ) Torrent Power Limited for Agra, Uttar Pradesh- Performance Trend Torrent Power Limited for Bhiwandi, Maharashtra - Performance Trend NSGM's Estimated Expenditure Outlay for Twelfth Plan Smart Grid Projects approved under NSGM Status of Smart Grid Pilot Projects (As of September 2016) Key Functionalities being Evaluated in Smart Grid Pilot Projects in India List of 20 Smart Cities Metering?Discom-wise Comparison Net metering regulations Snapshot of Net Metering Framework across States APEPDCL's Network Size (As of March 2016) APEPDCL's Operational Performance ( ) APEPDCL's Financial Performance ( ) APEPDCL's Future Plans ( to ) APSPDCL's Network Size (As of March 2016) APSPDCL's Operational Performance ( ) APSPDCL's Financial Performance ( ) APSPDCL's Future Plans ( to ) APDCL's Network Size (As of March 2016) APDCL's Operational Performance ( ) APDCL's Financial Performance ( ) APDCL's Future Plans ( to ) NBPDCL's Network Size (As of March 2015) NBPDCL's Operational Performance ( ) NBPDCL's Financial Performance ( ) NBPDCL's Future Plans (by 2019) SBPDCL's Network Size (As of March 2015) SBPDCL's Operational Performance ( ) SBPDCL's Financial Performance ( ) SBPDCL's Future Plans (by 2019) CSPDCL's Network Size (As of March 2016) CSPDCL's Operational Performance ( ) CSPDCL's Financial Performance ( ) CSPDCL's Future Plans ( to ) BRPL's Network Size (As of March 2016) BRPL's Operational Performance ( ) BRPL's Financial Performance ( ) BRPL's Future Plans ( to ) BYPL's Network Size (As of March 2016) BYPL's Operational Performance ( ) BYPL's Financial Performance ( ) BYPL's Future Plans ( to ) TPDDL's Network Size (As of March 2016) TPDDL's Operational Performance ( ) TPDDL's Financial Performance ( ) TPDDL's Future Plans ( to ) DGVCL's Network Size (As of March 2016) DGVCL's Operational Performance ( ) DGVCL's Financial Performance ( ) DGVCL's Future Plans ( to ) MGVCL's Network Size (As of March 2016) MGVCL's Operational Performance ( ) MGVCL's Financial Performance ( ) MGVCL's Future Plans ( to ) PGVCL's Network Size (As of March 2016) PGVCL's Operational Performance ( ) PGVCL's Financial Performance ( ) UGVCL's Network Size (As of March 2016) UGVCL's Operational Performance ( ) UGVCL's Financial Performance ( ) UGVCL's Future Plans ( to ) TPL's Financial Performance ( ) TPL's Operational Performance ( ) DHBVN's Network Size (As of March 2016) DHBVN's Operational Performance ( ) DHBVN's Financial Performance ( ) DHBVN's Future Plans ( to ) UHBVN's Network Size (As of March 2016) UHBVN's Operational Performance ( ) UHBVN's Financial Performance ( ) UHBVN's Future Plans ( to ) HPSEBL's Network Size (As of March 2016) HPSEBL's Operational Performance ( ) HPSEBL's Financial Performance ( ) HPSEBL's Future Plans ( to ) JKPDD's Network Size (As of March 2016) JKPDD's Operational Performance ( ) JKPDD's Financial Performance ( ) JKPDD's Future Plans ( to ) JBVNL's Network Size (As of March 2016) JBVNL's Operational Performance ( ) JBVNL's Financial Performance ( ) JBVNL's Future Plans ( to ) BESCOM's Network Size (As of March 2016) BESCOM's Operational Performance ( ) BESCOM's Financial Performance ( ) BESCOM's Future Plans ( to ) CESCOM's Network Size (As of March 2016) CESCOM's Operational Performance ( ) CESCOM's Financial Performance ( ) CESCOM's Future Plans ( to ) GESCOM's Network Size (As of March 2016) GESCOM's Operational Performance ( ) GESCOM's Financial Performance ( ) GESCOM's Future Plans ( to ) HESCOM's Network Size (As of March 2016) HESCOM's Operational Performance ( ) HESCOM's Financial Performance ( ) HESCOM's Future Plans ( to ) MESCOM's Network Size (As of March 2016) MESCOM's Operational Performance ( ) MESCOM's Financial Performance ( ) MESCOM's Future Plans ( to ) KSEBL's Network Size (As of March 2016) KSEBL's Operational Performance ( ) KSEBL's Financial Performance ( ) KSEBL's Future Plans ( to ) MP Madhya's Network Size (As of March 2016)

5 List of Tables and Figures MP Madhya's Operational Performance ( ) MP Madhya's Financial Performance ( ) MP Madhya's Future Plans ( to ) MP Paschim's Network Size (As of March 2016) MP Paschim's Operational Performance ( ) MP Paschim's Financial Performance ( ) MP Paschim's Future Plans ( to ) MP Poorv's Network Size (As of March 2016) MP Poorv's Operational Performance ( ) MP Poorv's Financial Performance ( ) MP Poorv's Future Plans ( to ) BEST's Network Size (As of March 2016) BEST's Operational Performance ( ) BEST's Financial Performance ( ) BEST's Future Plans ( to ) MSEDCL's Network Size (As of March 2016) MSEDCL's Operational Performance ( ) MSEDCL's Financial Performance ( ) MSEDCL's Future Plans ( to ) RInfra's Network Size (As of March 2015) RInfra's Operational Performance ( ) RInfra's Financial Performance ( ) Tata Power Company (Mumbai)'s Network Size (As of March 2015) Tata Power Company (Mumbai)'s Operational Performance ( ) Tata Power Company (Mumbai)'s Financial Performance ( ) MePDCL's Network Size (As of March 2016) MePDCL's Operational Performance ( ) MePDCL's Financial Performance ( ) MePDCL's Future Plans ( to ) CESU's Network Size (As of March 2016) CESU's Operational Performance ( ) CESU's Financial Performance ( ) CESU's Future Plans ( ) NESCO's Network Size (As of March 2016) NESCO's Operational Performance ( ) NESCO's Financial Performance ( ) NESCO's Future Plans ( to ) SOUTHCO's Network Size (As of March 2016) SOUTHCO's Operational Performance ( ) SOUTHCO's Financial Performance ( ) SOUTHCO's Future Plans ( to ) WESCO's Network Size (As of March 2016) WESCO's Operational Performance ( ) WESCO's Financial Performance ( ) WESCO's Future Plans ( to ) PSCPCL's Network Size (As of March 2016) PSCPCL's Operational Performance ( ) PSCPCL's Financial Performance ( ) PSCPCL's Future Plans ( to ) AVVNL's Network Size (As of March 2016) AVVNL's Operational Performance ( ) AVVNL's Financial Performance ( ) AVVNL's Future Plans ( to ) JVVNL's Network Size (As of March 2016) JVVNL's Operational Performance ( ) JVVNL's Financial Performance ( ) JVVNL's Future Plans ( to ) JdVVNL's Network Size (As of March 2016) JdVVNL's Operational Performance ( ) JdVVNL's Financial Performance ( ) JdVVNL's Future Plans ( ) TANGEDCO's Network Size (As of March 2015) TANGEDCO's Operational Performance ( ) TANGEDCO's Financial Performance ( ) TSNPDCL's Network Size (As of March 2016) TSNPDCL's Operational Performance ( ) TSNPDCL's Financial Performance ( ) TSNPDCL's Future Plans ( to ) TSSPDCL's Network Size (As of March 2016) TSSPDCL's Operational Performance ( ) TSSPDCL's Financial Performance ( ) TSSPDCL's Future Plans ( to ) TSECL's Network Size (As of March 2016) TSECL's Operational Performance ( ) TSECL's Financial Performance ( ) UPCL's Network Size (As of July 2015) UPCL's Operational Performance ( ) UPCL's Financial Performance ( ) UPCL's Future Plans ( to ) KESCO's Network Size (As of March 2016) KESCO's Operational Performance ( ) KESCO's Financial Performance ( ) KESCO's Future Plans ( to ) UPPCL's Network Size (As of March 2016) UPPCL's Operational Performance ( ) UPPCL's Financial Performance ( ) NPCL's Network Size (As of March 2013) NPCL's Operational Performance ( ) NPCL's Financial Performance ( ) NPCL's Future Plans ( to ) WBSEDCL's Network Size (As of March 2016) WBSEDCL's Operational Performance ( ) WBSEDCL's Financial Performance ( ) WBSEDCL's Future Plans ( to ) CESC Limited's Network Size (As of March 2016) CESC Limited's Operational Performance ( ) CESC Limited's Financial Performance ( ) India Power's Network Size (As of March 2016) India Power's Operational Performance ( ) India Power's Financial Performance ( ) India Power's Future Plans ( to ) List of Figures Year-wise Growth in Distribution Line Length ( to ) Year-wise Growth in Number of Substations ( to ) Year-wise Growth in Transformer Capacity ( to ) Year-wise Growth in Number of Consumers ( to ) Category-wise Consumer Mix (As of March 2016) Year-wise Growth in Energy Sales ( to ) Category-wise Energy Sales in Trend in AT&C Losses ( to ) Top 10 Discoms in terms of Line Length (ct km) Top 10 Discoms in terms of Transformer Capacity ( ) State-wise Total Consumer Base of Distribution Utilities ( ) Utilities with Power Purchase Costs over Rs 100 billion in (Rs billion) Total Income and Expenditure Details of Top 10 Utilities (by turnover) for (Rs million) Projected Growth in Line Length (million ct km) Projected Growth in Transformer Capacity ('000 MVA) Projected Metering Requirement Planned Capex ( to ) Year-wise Capex Break-up of Key Discoms State-wise Targeted Tariff Hikes under UDAY Trend in Income of Distribution Utilities Trend in Expenditure of Distribution Utilities Trend in Cost Structure of Distribution Utilities Cost Break-up of Distribution Utilities Trend in Subsidy Booked and Subsidy Received by Distribution Utilities Growth in losses of state discoms (Rs billion) Estimated reduction in ACS (Rs per unit) Metering status (%) State-wise UDAY bonds issued in (Rs billion) State-wise Progress under R-APDRP Part A (IT) State-wise Number of Towns Covered under IPDS State-wise Number of Project Areas under IPDS (Total areas) Component-wise Funds Earmarked under IPDS (Rs billion) Category-wise Share in Outlay for Proposed Work under IPDS State-wise Total Project Cost under IPDS States-wise Grant Approved and Grant Released under IPDS Year-wise Electrification of Villages Status of Village Electrification (as of March 2015) Status of Household Electrification (as of March 2015) No. of Unelectrified Villages (As of March 2015) State-wise Unelectrified Villages (As of March 2015) Component-wise Allocations under DDUGJY State-wise Allocations under DDUGJY Trend in Capital Expenditure of Discoms (Rs billion) Break-up of Capital Expenditure by Discoms across Major Areas in Discoms with Highest Capex on Distribution/System Strengthening Projects (Rs million) Discoms with Highest Capex on Rural Electrification Schemes (Rs million) Discoms with Highest Capex on R-APDRP/IPDS (Rs billion) Planned Capex for to (Rs billion) Discoms with Highest Planned Capex for (Rs billion) Trend in Source-wise Power Purchase Cost Source-wise breakup of Total Units Purchased ( ) Source-wise breakup of Cost of Power Purchase ( ) Long-term and Short-term Power Procurement Trend Trend in Case-I Bids Trend in Case-II Bids Recent Case-I bids released Segment-wise volume of short-term transactions ( ) Segment-wise variations in prices of electricity transacted through short-term market (Rs per unit) Summary of transactions completed through DEEP ACS vs. ARR Trend ( to ) State-wise Agricultural Tariff Trend ( and ) Average domestic tariff trend State-wise Trend of Average Domestic Tariffs State-wise Trend of Average Commercial Tariffs Average LT Industrial Tariff Trend State-wise Trend of Average LT Industrial Tariffs Average HT Industrial Tariff Trend State-wise Trend of Average HT Industrial Tariffs Metering Coverage in (%) - System Metering Metering Coverage in (%) - Metering by Consumer Category Metering Requirements ( to )

6 Format (PDF) Price Site Licence (Single Location) Rs 75,000 Service tax (15%) Rs 11,250 Total Rs 86,250 Enterprise Licence (Multiple Locations) Rs 112,500 Service tax (15%) Rs 16,875 Total Rs 129,375 I am enclosing a cheque/demand draft for Rs., vide cheque/demand draft no. drawn on dated in favour of India Infrastructure Publishing Pvt. Ltd. Signature Name (BLOCK LETTERS) Designation Company Mailing Address Telephone Mobile Fax Wire transfer details: Beneficiary : India Infrastructure Publishing Pvt. Ltd. Contact details: Bank Name : The Hongkong and Shanghai Banking Corporation Ltd Bank Address : R-47, Greater Kailash 1, New Delhi Account No. : Swift Code : HSBCINBB IFSC Code : HSBC Angad Gurtu General Manager-Information Products India Infrastructure Publishing Pvt. Ltd. B-17, Qutab Institutional Area, New Delhi , India Tel: , , ; Fax: Mobile: angad.gurtu@indiainfrastructure.com P O W E R D I S T R I B U T I O N I N I N D I A India Infrastructure Research