India - Politics, Industrials, IT and Large Caps, EMAlpha

Pankaj Sharma

India - Politics, Industrials, IT and Large Caps

Thematic (Sector/Industry)

<p><strong>Spot market is small but it is a barometer for Power Sector's health in India</strong></p><p>Spot market is only a minuscule portion of total electricity market in India as more than 95% of power demand in India is met through medium to long term power purchase agreements (PPAs) between power generation companies (GENCOs) and power distribution companies (DISCOMs). However, pricing and volumes in spot market reflect the demand supply situation on a real-time basis and hence, they are important to draw…</p>

Spot market is small but it is a barometer for Power Sector's health in IndiaSpot market is only a minuscule portion of total electricity market in India as more than 95% of power demand in India is met through medium to long term power purchase agreements (PPAs) between power generation companies (GENCOs) and power distribution companies (DISCOMs). However, pricing and volumes in spot market reflect the demand supply situation on a real-time basis and hence, they are important to draw…

India's Spot Market for Electricity: Decline in Prices and Volumes in July

<h2>Spot market is a barometer for Power Sector's health in India</h2><p>The Spot market is only a miniscule portion of the total electricity market in India as more than 95% of power demand in India is met through medium/long term power purchase agreements (PPAs) between generation companies (GENCOs) and distribution companies (DISCOMs). However, pricing and volumes in the spot market reflect the supply/demand situation on a real-time basis and hence, they are important to draw implications for the…</p>

Spot market is a barometer for Power Sector's health in IndiaThe Spot market is only a miniscule portion of the total electricity market in India as more than 95% of power demand in India is met through medium/long term power purchase agreements (PPAs) between generation companies (GENCOs) and distribution companies (DISCOMs). However, pricing and volumes in the spot market reflect the supply/demand situation on a real-time basis and hence, they are important to draw implications for the…

Sharp Decline in Spot Market During June/July: Bad Sign for Revival Hopes in Indian Power Sector

<h2>Renewable tariffs are falling and there is huge interest from companies</h2><p>In the recent auctions, India’s solar power tariffs have consistently fallen below Rs 3 per unit. In addition, the renewables are generating huge interest among bidders. For example, in the auction of a 250 MW capacity plant in Rajasthan happened in early May, the lowest bids were Rs2.62 per unit and Rs2.63 per unit. Also, a total of 27 bids aggregating 3,250MW were received for the 250 MW. Among the 14 firms which were…</p>

Renewable tariffs are falling and there is huge interest from companiesIn the recent auctions, India’s solar power tariffs have consistently fallen below Rs 3 per unit. In addition, the renewables are generating huge interest among bidders. For example, in the auction of a 250 MW capacity plant in Rajasthan happened in early May, the lowest bids were Rs2.62 per unit and Rs2.63 per unit. Also, a total of 27 bids aggregating 3,250MW were received for the 250 MW. Among the 14 firms which were…

Payment Troubles from DISCOMs and Transmission Issues, Could This Derail India's Renewable Story?

Asia-Focused Industry Research, Speeda Research

Speeda

Asia-Focused Industry Research

Speeda Research

Speeda Research analysts cover China, Japan, India and SEA on the latest trends and topics. We have analysts of diverse nationalities who are able to access information in their respective local languages to provide customers with comprehensive reports. With access to private company data in these regions, Speeda Research is also able to provide insights into niche sectors which are not usually covered by other parties. We are also able to undertake ad hoc company and industry research reports.

<p>In July 2015, the Indian government set a target of 10 million PNG (piped natural gas) connections to be made within two years. But as of September 2016, the government was 7 million short of its goal with the odds of achieving it in less than a year seeming very low. Increasing PNG and CNG (compressed natural gas) connections are part of the government’s wider plan to more than double the share of natural gas in India’s energy mix to 20% by 2025. To achieve this goal, the government needs to ramp up transmission infrastructure and increase capacity of import infrastructure to cater to the expected surge in natural gas imports, apart from introducing key policies with regards to pricing, taxation and regulation. Based on past evidence and the information provided within this report, we think the government will fall short of its energy mix targets, just like it did in the PNG segment.</p>

In July 2015, the Indian government set a target of 10 million PNG (piped natural gas) connections to be made within two years. But as of September 2016, the government was 7 million short of its goal with the odds of achieving it in less than a year seeming very low. Increasing PNG and CNG (compressed natural gas) connections are part of the government’s wider plan to more than double the share of natural gas in India’s energy mix to 20% by 2025. To achieve this goal, the government needs to ramp up transmission infrastructure and increase capacity of import infrastructure to cater to the expected surge in natural gas imports, apart from introducing key policies with regards to pricing, taxation and regulation. Based on past evidence and the information provided within this report, we think the government will fall short of its energy mix targets, just like it did in the PNG segment.

Falling Natural Gas Production and Poor Import Infra Make PNG a Distant Dream for Most Indians

Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

<p>Expectations on economic reforms from Modi government are running high after the big win in Uttar Pradesh. Political analysts are expecting this win to ease Modi's chances for another term at national elections in 2019 and that would give him total 7 year period to push for reforms (In his victory speech Modi himself said he is now looking for delivering by 2022 - the 75th year of Indian Independence). Amidst the euphoria of Modi's victory, we would like to highlight some of the ground realities…</p>

Expectations on economic reforms from Modi government are running high after the big win in Uttar Pradesh. Political analysts are expecting this win to ease Modi's chances for another term at national elections in 2019 and that would give him total 7 year period to push for reforms (In his victory speech Modi himself said he is now looking for delivering by 2022 - the 75th year of Indian Independence). Amidst the euphoria of Modi's victory, we would like to highlight some of the ground realities…

Investors Need To Be Patient With Reform Momentum Even As Modi Win Ensures Policy Continuity

India

Reliance Power Limited develops, constructs, and operates power projects both domestically and internationally.

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Reliance Power (RPWR IN)

India's Spot Market for Electricity: Decline in Prices and Volumes in July

Spot market is small but it is a barometer for Power Sector's health in IndiaSpot market is only a minuscule portion of total electricity market in...

Pankaj Sharma

Sharp Decline in Spot Market During June/July: Bad Sign for Revival Hopes in Indian Power Sector

Spot market is a barometer for Power Sector's health in IndiaThe Spot market is only a miniscule portion of the total electricity market in India...

Pankaj Sharma

Payment Troubles from DISCOMs and Transmission Issues, Could This Derail India's Renewable Story?

Renewable tariffs are falling and there is huge interest from companiesIn the recent auctions, India’s solar power tariffs have consistently fallen...

Pankaj Sharma

Falling Natural Gas Production and Poor Import Infra Make PNG a Distant Dream for Most Indians

In July 2015, the Indian government set a target of 10 million PNG (piped natural gas) connections to be made within two years. But as of September...

Speeda Research

Investors Need To Be Patient With Reform Momentum Even As Modi Win Ensures Policy Continuity

Expectations on economic reforms from Modi government are running high after the big win in Uttar Pradesh. Political analysts are expecting this...

Asia Advisors

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