Hydro power in Nepal Bishal Thapa Nepal Power Summit 2013
|
|
- Charla Richards
- 5 years ago
- Views:
Transcription
1 Hydro power in Nepal Bishal Thapa
2 PRE REQUISITES: OPENING MARKETS, POWER TRADING 2
3 Outline Reflections on Indian Power Markets Nepal Diagnosis of the paralysis Managed Competition A model for Nepal s hydro power sector 3
4 REFLECTIONS ON INDIAN POWER MARKETS 4
5 At the ten year mark, Indian Electricity Act 2003 reveals a mixed record Electricity Act - Unbundling - Open access - Trading - Regulator Merchant capacity National tariff policy Power exchange approved Trading margin cap PE deals Gas pricing regime Captive coal liberalization Two Power exchanges established Mandatory competitive bids for power purchases Trading margin cap revised INR 3.5 lakh crore at risk of default Highest ever Coalgate capacity additions 30,000 MW stranded capacity 5
6 Short-term Electricity Transactions (Billion Units) Source: Central Electricity Regulatory Commission, Report on Short Term Power Market in India, Short-term electricity markets have grown % of total generation 10% of total generation 11% of total generation Traders Power Exchange Unscheduled Interchange Distribution Utilities 6
7 Structural & Regulatory Reform Energy markets are moving at different speeds LOW LOW De-regulation Coal Dist. HIGH Trans. Gas Gen. HIGH RE Dist. Distribution, Trans.- Transmission, Gen. Generation, RE. Renewable Energy 7
8 Deregulation is only as strong as the weakest links Fuels Generation & Trading Transmission Distribution Arbitrage between fuels and power trading markets was the biggest drivers of growth in the Indian power sector over the last 5 years 8
9 Source: Central Electricity Regulatory Commission, Report on Short Term Power Market in India, A mature trading environment has yet to emerge Power trading is also marked by considerable market power top 5 traders control 75% of the short term bilateral transactions 9
10 Deregulated energy markets need a supporting environment Power trading will remain limited to brokerage without supplementary financial instruments Capital maturity with non-physical deliverable contracts Structural certainty not possible without utility obligation to serve Transmission must be genuinely neutral 10
11 NEPAL DIAGNOSIS OF THE PARALYSIS 11
12 Political & regulatory uncertainty isn t the biggest constraint High degree of political, regulatory and structural uncertainty will remain Functional corruption will remain Businesses have adapted to this environment No point in having complex, competitive power market mechanism in the absence of a supporting environment Capital market maturity, critical mass of players, contract sanctity, legal protection 12
13 Need mechanisms that get things done in the environment we have What is the risk appetite How does it vary across the players What are the specific areas where economic rent is sought Can those be tackled with competition Where is competition feasible 13
14 Identification Hydro business has different stages Hydro business is not merely about profits from selling electricity from hydro-power plants Development Evolution of a Hydro Power Plant Construction Operation 3 5 years 4 6 years years 14
15 Identification Developers must be allowed to cash out at different stages Development Construction Operation 3 5 years 4 6 years years These stages have different risks, different financing needs, different expertise, different business models 15
16 MANAGED COMPETITION A MODEL FOR NEPAL HYDRO POWER SECTOR 16
17 Separate out who plays in what market segment Layered Ocean Model of Hydro Development for Nepal Big guys should play in big ponds, little guys should play in little ponds No vertical integration 17
18 Top segment closed to competition > 500 MW MW < 100 MW Top 5 Nepali firms Guaranteed concession rights of 2,500 MW (each > 500 MW) over 15 years Firms partner with government Leverages government balance sheet 18
19 Mid segment mixed competition > 500 MW MW Open to firms with capitalization greater than x Some preferential tariff < 100 MW 19
20 Small segment competitive > 500 MW MW < 100 MW Open to all firms High preferential tariffs 20
21 For mid and small segment, end exclusive rights at identification stage Development Construction Operation Don t grant exclusive license at this point Exclusive right to construct and operate plant on a first come first served basis, if: - Environmental clearance met - Finance closure - Supplies bank guarantee equivalent to 5-10% of project cost, which government returns upon commissioning for free equity 21
22 End hydro speculation Development Construction Operation No FDI until the point the plant is ready to break ground 22
23 Thank you Bishal Thapa T: T:
Regional Power Market Challenges and Opportunities from Nepalese perspective
Regional Power Market Challenges and Opportunities from Nepalese perspective Hitendra Dev Shakya Director, Power Trade Department, Nepal Electricity Authority Outline of the Presentation 1. Energy sector
More informationRole of Power Market and Market Intermediaries in Facilitating Investments in South Asian Region
Role of Power Market and Market Intermediaries in Facilitating Investments in South Asian Region Harish Saran Executive Director PTC India Ltd. harishsaran@ptcindia.com Existing Regional Cooperation in
More informationSecurities Lending Overview. January 25, 2007
January 25, 2007 1 Securities lending is an investment strategy in which institutional investors can generate incremental revenue from their investment portfolios by making short-term collateralized loans.
More informationCross Border Electricity Trade
Cross Border Electricity Trade Afghanistan Pakistan Nepal Bhutan India First meeting of core team on South Asian Regional Power Exchange (SARPEX) Bangladesh 7 th - 9 th February, 2017 New Delhi, India
More informationCOMMENTS OF NV ENERGY LOCAL MARKET POWER MITIGATION ENHANCEMENTS DRAFT FINAL PROPOSAL DATED JANUARY 31, 2019 CAISO STAKEHOLDER PROCESS
COMMENTS OF NV ENERGY LOCAL MARKET POWER MITIGATION ENHANCEMENTS DRAFT FINAL PROPOSAL DATED JANUARY 31, 2019 CAISO STAKEHOLDER PROCESS February 8 th, 2019 NV Energy appreciates the opportunity to comment
More informationRole of Private Equity in Urban
Role of Private Equity in Urban Infrastructure July 18, 2013 Agenda Private Equity in India An overview Indian Infrastructure opportunity Key framework facilitating Infrastructure investment Uba Urban
More informationPTC India Financial Services Limited. July 2011
PTC India Financial Services Limited July 2011 PFS Unique Business Model PTC s lineage Across Energy Value Chain Debt Financing Fee Based Services Equity Financing Structured Products 2 Operational Highlights
More informationFinancing Renewable Energy in Developing Countries: A Global Perspective Dana R. Younger International Finance Corporation Japan Renewable Energy
Financing Renewable Energy in Developing Countries: A Global Perspective Dana R. Younger International Finance Corporation Japan Renewable Energy Foundation Experts Meeting on Renewable Energy Tokyo September
More informationPower Sector Reform India The Long Road Ahead
Power Sector Reform India The Long Road Ahead Rahul Tongia Department of Engineering & Public Policy/ School of Computer Science University February 19, 2003 2 Outline Overview of the Indian power sector
More informationIntroduction to Power Exchanges
For Public Use Introduction to Power Exchanges Presented by: Mr. S.K. Ray on behalf of IEX In this presentation Introduction to Indian Power Markets Power Exchange functioning and Market Snapshot International
More informationPOWER SECTOR REFORM AND SUBSIDIES. Budak Dilli ESMAP KNOWLEDGE EXCHANGE FORUM GENEVA October 2018
POWER SECTOR REFORM AND SUBSIDIES Budak Dilli ESMAP KNOWLEDGE EXCHANGE FORUM GENEVA October 2018 OVERVIEW OF TURKISH POWER SECTOR Population :80 Million, Geographic Area :780,500 km 2 Rapid demand growth:
More informationElectricity Market. August 18
Electricity Market August 18 In this presentation Introduction to Indian Power Market Product Portfolio Trading Mechanism Market snapshot Participation Volume Price Trade @ IEX Capacity (GW) Installed
More informationIndian Power Market: An Overview JULY 2018
Indian Power Market: An Overview JULY 2018 For Public Use 1 In this presentation Introduction to Indian Power Market Product Portfolio Trading Mechanism Market snapshot Participation Volume Price Trade
More informationDesigning Competitive Energy Markets. Overview. Energy Legislation. Power Industry Evolution
Designing Competitive Energy Markets Dr. Judith Cardell Office of Economic Policy Federal Energy Regulatory Commission October 14, 1999 judith.cardell@ferc.fed.us Overview Evolution of US electric power
More informationGuidelines For Rajasthan Infrastructure Project Development Fund (RIPDF)
Guidelines For Rajasthan Infrastructure Project Development Fund (RIPDF) PPP Cell Planning Department Government of Rajasthan Contents 1. The RIPDF and its Role 2 i. Background of the RIPDF ---------------------------
More informationRole of Private Sector in the growth of Power Infrastructure in South Asia. Mukunda Paudyal, Joint Secretary, Investment Board, Government of Nepal
Role of Private Sector in the growth of Power Infrastructure in South Asia Mukunda Paudyal, Joint Secretary, Investment Board, Government of Nepal Outline of Presentation 1. The case for Private Investment
More informationPower Procurement Strategy
Power Procurement Strategy 01.03.16 IIT-Kanpur For Public Use POWER SECTOR OVERVIEW Source: Executive Summary of October 2015, CEA *including renewable generation Installed Capacity (All) Category Installed
More informationCurrency Derivatives
Currency Derivatives Objectives How to the read the quotes Evolution of Foreign Exchange Market Factors affecting the Currency Market Current scenario Currency Futures Opportunities & Advantages Currency
More informationPress Release Q JSW ENERGY LTD
Press Release Q3 12-13 23.01.2013 JSW ENERGY LTD The Board of JSW Energy Ltd., at its meeting held today at Mumbai, approved the results for the quarter and nine months ended December 31, 2012. Key highlights
More informationINVESTMENT IQ INDONESIA
INVESTMENT IQ INDONESIA Exploring Infrastructure Investment in Indonesia By Dr Scott Younger OBE PhD FICE President Commissioner Glendale Partners & Nusantara Infrastructure Tbk INVESTMENT IQ INDONESIA
More informationOECD-India Investment Roundtable. India s Investment Policies and Outlook
OECD-India Investment Roundtable India s Investment Policies and Outlook Umesh Kumar Joint Secretary Ministry of Commerce & Industry Department of Industrial Policy & Promotion New Delhi October 19, 2004
More informationJSW Energy Limited Acquisition of 1,000 MW Tamnar Power Plant
JSW Energy Limited Acquisition of 1,000 MW Tamnar Power Plant May 04, 2016 Agenda Acquisition Rationale Target Overview Acquisition Overview 2 Acquisition Rationale for JSWEL Enhances Operational Capacity
More informationRole of Derivatives in Indian Power Market. Akhilesh Awasthy Director (Market Operations)
Role of Derivatives in Indian Power Market Akhilesh Awasthy Director (Market Operations) In this presentation Fundamentals of Markets Electricity Market Indian Electricity Market Derivative Market i. Markets
More information41 st Annual Report MANAGEMENT DISCUSSION AND ANALYSIS. Management Discussion and Analysis Annexure - I to Directors Report
ECONOMIC AND SECTOR OUTLOOK MANAGEMENT DISCUSSION AND ANALYSIS A Maharatna Company Annexure-I to Directors Report Existing Installed Capacity Total Capacity (MW) % share 32 24 44 Total* 326848.54 100 INDUSTRY
More informationFortum in Russia. Tapio Kuula. Senior Vice President Fortum Corporation. Capital Markets Day
Fortum in Russia Tapio Kuula Senior Vice President Fortum Corporation Capital Markets Day Stockholm, 4 June 2007 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe
More informationORISSA PUBLIC PRIVATE PARTNERSHIP POLICY-2007
ORISSA PUBLIC PRIVATE PARTNERSHIP POLICY-2007 PLANNING & CO-ORDINATION DEPARTMENT RESOLUTION No.12711 / PPP 38/2006 Dated 07 th August 2007 Sub: - ORISSA PUBLIC PRIVATE PARTNERSHIP (PPP) POLICY- 2007 1
More informationReforming Power Markets: Lessons from Five Developing Countries presented at: World Forum on Energy Regulation Rome, 6 October 2003
Reforming Power Markets: Lessons from Five Developing Countries presented at: World Forum on Energy Regulation Rome, 6 October 2003 David G. Victor Program on Energy and Sustainable Development Stanford
More informationMinutes of Pre-bid meeting held on 29th June 2017 at GETRI, Vadodara with prospective bidders for Solar and Wind power tenders floated by GUVNL.
Minutes of Pre-bid meeting held on 29th June 2017 at GETRI, Vadodara with prospective bidders for Solar and Wind power tenders floated by GUVNL. GUVNL has floated two tenders for procurement of power from
More informationPPP in Coal: The Next Big Thing!
PPP in Coal: The Next Big Thing! Naresh Nautiyal Introduction In the wake of the recent announcement by Ministry of Coal for allocation under rule 4(3) of the Auction by Competitive Bidding of Coal Mines
More informationGOVERNMENT OF PUNJAB DEPARTMENT OF POWER (Power Reforms Wing) NOTIFICATION The 21 st June, 2010
GOVERNMENT OF PUNJAB DEPARTMENT OF POWER (Power Reforms Wing) NOTIFICATION The 21 st June, 2010 No. 1/17/09-EB(PR)/450.- Whereas the State of Punjab is presently facing acute power shortages. And therefore,
More informationElectric Industry Privatization and Restructuring: Lessons from Brazil
Electric Industry Privatization and Restructuring: Lessons from Brazil New England Chapter International Association for Energy Economics Massachusetts Institute of Technology Cambridge, MA March 27, 2002
More informationTitle: Technological Innovations in Indian Banking Sector Ms. Aruna R. Shet, Asst Professor, New Horizon College id:
ABSTRACT Title: Technological Innovations in Indian Banking Sector Ms. Aruna R. Shet, Asst Professor, New Horizon College Email id: arunavshet582012@gmail.com The banking sector in India has seen a number
More informationUSAID/SARI/EI Task Force-3 meeting. Bhutan s experience in Power Trading
USAID/SARI/EI Task Force-3 meeting Bhutan s experience in Power Trading 29 th -30 th April, 2014, Mumbai Dasho Yeshi Wangdi Director General Department of Hydropower and Power Systems, BHUTAN Presentation
More informationMarket structure in Saudi Arabia
Market structure in Saudi Arabia ERRA Tariff / Pricing Committee meeting 19 October 2016, Bratislava, Slovakia Engr. Zaid Rajeh Al-Zaid Economic & Tariff Affairs, ECRA 1 Outline Introduction 2015 Facts
More informationGUJARAT ELECTRICITY REGULATORY COMMISSION. Notification No. 13 of 2005
GUJARAT ELECTRICITY REGULATORY COMMISSION OPEN ACCESS REGULATION Notification No. 13 of 2005 In exercise of the powers conferred on it by Section 181 read with Sections 39(2)(d), 40(c), 42 (2)(3)(4), 86(1)(c)
More informationSpanish Legal Framework on Renewable Energies. Madrid Energy Meeting June, 2003 Raimundo Ortega Bueno
Spanish Legal Framework on Renewable Energies Madrid Energy Meeting June, 2003 Raimundo Ortega Bueno The Special Regime Framework The Act 54/97, developed by the Royal Decree 2818/98, established a special
More informationElectricity Sector Regulatory Developments, Opportunities and Challenges
Indonesian Energy and Infrastructure Seminar Electricity Sector Regulatory Developments, Luke Devine Hadiputranto, Hadinoto & Partners is a member of Baker & McKenzie International, a Swiss Verein with
More informationTHE ELECTRIC HONEYPOT: THE PROFITABILITY OF DEREGULATED ELECTRIC GENERATION COMPANIES By Edward Bodmer
THE ELECTRIC HONEYPOT: THE PROFITABILITY OF DEREGULATED ELECTRIC GENERATION COMPANIES By Edward Bodmer EXECUTIVE SUMMARY Purpose and Conclusions of the Study This report presents the results of an investigative
More informationSupply Adequacy Mechanisms and Cross-Border Contracts in the Central American Regional Electricity Market
Supply Adequacy Mechanisms and Cross-Border Contracts in the Central American Regional Electricity Market PES, 18-22 June 2006, Montréal Manuel Tinoco SNC-Lavalin Fernando Montoya-SNC-Lavalin, Jorge Karacsonyi-
More informationGOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF PLANNING
GOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF PLANNING No. PD (PPP) 3/2010-11 Dated Itanagar, the 12th April, 2011 To. The Principal Secretaryl Commissioner/Secretary, GOVT. OF ARUNACHAL PRADESH. Sub:
More informationPower Contracts in Florida. Eduardo Balbis, P.E. Commissioner Florida Public Service Commission
Power Contracts in Florida Interconnection Rules, Policies and their Impact on Electricity Pricing Eduardo Balbis, P.E. Commissioner Florida Public Service Commission USAID/ARE/ECREEE/ERERA/NARUC Integrating
More informationGST IMPACT ON TEXTILE INDUSTRY
GST IMPACT ON TEXTILE INDUSTRY Published on March 6, 2017 - By CA Madhukar N Hiregange & Adv Naveen Kumar K S Background: The textiles and apparel industry in India accounts for about 10% of manufacture
More informationSolving India s Renewable Energy Financing Challenge: Which Federal Policies can be Most Effective?
Solving India s Renewable Energy Financing Challenge: Which Federal Policies can be Most Effective? 1 Which federal policy would be the most cost-effective? India aims to double existing renewable energy
More informationThe Role of Risk Allocation in Transaction Design: The Case of Power Distribution
The Role of Risk Allocation in Transaction Design: The Case of Power Distribution Allen Eisendrath & Fraser Morrison Deloitte Emerging Markets February 26, 2003 Agenda Investors View of Electricity Distribution
More informationPerspective on Financing Wind Energy Projects. June 16, 2016
Perspective on Financing Wind Energy Projects June 16, 2016 Agenda 2 1 Risk Matrix 3 Context Setting Way Forward KEY SEGMENTS IN THIS PRESENTATION 3 Indian Energy Sector Landscape Bank Lending Sector wise
More informationGST Impact on Textiles & Apparels
GST Impact on Textiles & Apparels DISCLAIMER: The views expressed in this article are of the author(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views expressed
More informationElectricity trading and risk management in liberalised market
www.pwc.com/jp Electricity trading and risk management in liberalised market PricewaterhouseCoopers Agenda Page 1 Current electricity trading in Japan 1 2 Evolution of trading in a deregulated market 5
More informationCost of social banking
Cost of social banking The traditional self-centered, profit-oriented banking concept is fading, and a modern socio-economic role is emerging for the. The social control imposed over for the first time
More informationCompendium of State Government Policies on Renewable Energy Sector in India ARUNACHAL PRADESH
85 ARUNACHAL PRADESH Small Hydro Power Policy- 2007 Dated 24 th January, 2008 & Amendment Dated 13 th Oct. 2008 1. Order PWRS/HPD/W-1305/2005 dated 24 th January, 2008. And Amendment order No: PWRS/W-1305/2005/
More informationPress Release Q
Press Release Q3 11-12 21.01.2012 JSW ENERGY LTD ACHIEVES COD OF 4 TH UNIT AT BARMER The Board of JSW Energy Ltd at its meeting held today at Mumbai approved the Results for the quarter ended and nine
More informationBuying Energy in Today s Market - Maximizing Effective Risk Management. Glenn Barrett SUPERVALU, Director of Energy Management
Buying Energy in Today s Market - Maximizing Effective Risk Management Glenn Barrett SUPERVALU, Director of Energy Management Energy Market Dynamics Natural gas costs drive electricity prices US - 20%
More informationTransmission Congestion Contacts
Transmission Congestion Contacts Horace Horton Senior Market Trainer, Market Training, NYISO New York Market Orientation Course (NYMOC) March 20-23, 2018 Rensselaer, NY 12144 1 Transmission Congestion
More informationA study on liquidity and profitability position of national thermal power corporation limited New Delhi
International Journal of Commerce and Management Research ISSN: 2455-627, Impact Factor: RJIF 5.22 www.managejournal.com Volume 3; Issue 2; February 207; Page No. 2-6 A study on liquidity and profitability
More informationUSAID-Funded Nepal Hydropower Development Project (NHDP)
USAID-Funded Nepal Hydropower Development Project (NHDP) Electricity Regulatory Commission and the Emerging Legal, Policy, and Regulatory Framework for Hydropower in Nepal Arun Anandan Regulatory Advisor
More informationComments of PacifiCorp on the Consolidated EIM Initiatives
Comments of PacifiCorp on the Consolidated EIM Initiatives Submitted by Company Date Submitted Christine Kirsten christine.kirsten@pacificorp.com 916-207-4693 PacifiCorp June 30, 2017 Introduction PacifiCorp
More informationM&A IN INDIA LEGAL CHALLENGES. Somasekhar Sundaresan. Mumbai June 28, J. Sagar Associates. New Delhi Mumbai Bangalore Hyderabad
M&A IN INDIA LEGAL CHALLENGES Somasekhar Sundaresan Mumbai June 28, 2007 J. Sagar Associates New Delhi Mumbai Bangalore Hyderabad 1 INDIAN M&A ENVIRONMENT Cross-border deals outsize domestic M&A Foreign
More informationCENTRE FOR DISTANCE EDUCATION ACHARYA NAGARJUNA UNIVERSITY :: NAGARJUNANAGAR , A.P., INDIA.
Second Year (DEMB 11) Paper XI BUSINESS POLICY AND STRATEGIC MANAGEMENT 1. Answer all the questions (a) (b) (c) (d) (e) (f) Middle level executives. Corporate level strategies. SWOT analysis. Contingency
More informationTransmission Congestion Contracts (TCCs) Provide Transmission Price Certainty
Transmission Congestion Contracts (TCCs) Provide Transmission Price Certainty Arthur L. Desell Manager Resource Reliability New York Power Pool 1999 PICA Conference Santa Clara May 20, 1999 Locational
More informationSolving India s Renewable Energy Financing Challenge: Which Federal Policies can be Most Effective?
Solving India s Renewable Energy Financing Challenge: Which Federal Policies can be Most Effective? BRAZIL CHINA EUROPE INDIA INDONESIA UNITED STATES 235 Montgomery St. 13th Floor San Francisco, CA 94104,
More informationPAPER 2 : MANAGEMENT ACCOUNTING AND FINANCIAL ANALYSIS Attempt all questions. Working notes should form part of the answer.
Question 1 PAPER 2 : MANAGEMENT ACCOUNTING AND FINANCIAL ANALYSIS Attempt all questions. Working notes should form part of the answer. (a) Alfa Ltd. desires to acquire a diesel generating set costing Rs.
More informationF. No. 53/15/2016 -WE Ministry of New & Renewable Energy. Evaluation of Generation Based Incentives Scheme for Wind Power Projects
F. No. 53/15/2016 -WE Ministry of New & Renewable Energy Evaluation of Generation Based Incentives Scheme for Wind Power Projects The GBI scheme was initially introduced in 11th Plan on 17.12.2009 with
More informationPower Market, Power Trading and Power Exchange
Power Market, Power Trading and Power Exchange National Seminar Challenges & Opportunities in Power Generation, Transmission & Distribution 23-03-12 Power System Operation Corporation Ltd. Eastern Regional
More informationBrazilian Power Sector: Lessons from the Past, Challenges Going Forward
Brazilian Power Sector: Lessons from the Past, Challenges Going Forward Johns Hopkins University School of Advanced International Studies Washington, D.C. October 5, 2011 Ashley C. Brown Executive Director,
More informationMMC Norilsk Nickel: OGK-3 3 Acquisition Building the Leading Russian Power Company. Investor Presentation. Moscow, Russia.
MMC Norilsk Nickel: OGK-3 3 Acquisition Building the Leading Russian Power Company Investor Presentation Moscow, Russia 26 March 2007 Disclaimer The information contained herein has been prepared using
More informationENERGY COMMODITIES C O N F E R E N C E
ENERGY COMMODITIES C O N F E R E N C E 2 0 1 8 Thursday May10th gazarte Live, Athens Greek Electricity Market : Current status and transition to the EU Target Model Dr. Christoforos Zoumas Director, Electricity
More informationTHE JHARKHAND GAZETTE EXTRAORDINARY PUBLISHED BY AUTHORITY
THE JHARKHAND GAZETTE EXTRAORDINARY PUBLISHED BY AUTHORITY No. 419 9 Shrawan, 1932(s) Ranchi, Saturday 31th July, 2010 JHARKHAND STATE ELECTRICITY REGULATORY COMMISSION, RANCHI (RENEWABLE PURCHASE OBLIGATION
More informationBASICS OF COMPETITIVE MARKETS FOR ELECTRICITY AUCTIONS - INTENT AUCTIONS - COMPONENTS. Basic Definitions Transactions Futures
BASICS OF COMPETITIVE MARKETS FOR ELECTRICITY Basic Definitions Transactions Futures 3/6/2003 copyright 1996 Gerald B. Sheble' 1 AUCTIONS - INTENT Open Exchange on a Common Product Open Knowledge on Price
More informationC2-102 COMMON NORDIC BALANCE MANAGEMENT. K.LINDSTRÖM FINGRID (Finland)
21, rue d'artois, F-75008 Paris http://www.cigre.org C2-102 Session 2004 CIGRÉ COMMON NORDIC BALANCE MANAGEMENT O.GJERDE* STATNETT (Norway) F.WIBROE ELTRA (Denmark) J-E. FISCHER ELKRAFT (Denmark) K.LINDSTRÖM
More informationPTC India Limited. Corporate Presentation
PTC India Limited Corporate Presentation PTC: Strategic Intent Our Mission: Promote Power Trading to optimally utilize the existing resources Develop power market for market based investments into the
More informationPPAs and Tariff Design
RENEWABLE ENERGY TRAINING PROGRAM FINANCING RENEWABLE ENRGY PROJECTS PPAs and Tariff Design Bassem Abou Nehme Energy Finance Consultant TWI - Financial Solutions 1 Outline What is a PPA? Structure of PPA
More informationWORKSHOP ON TRANSMISSION SUPPORT AGREEMENTS
WORKSHOP ON TRANSMISSION SUPPORT AGREEMENTS Indo-Nepal Transmission Interconnection Project Kathmandu, Nepal July 2009 John W. Gulliver John W. Gulliver Pierce Atwood LLP One Monument Square Portland,
More informationLIFE WRITERS WORKSHOP: CONCEPT NOTE
LIFE WRITERS WORKSHOP: CONCEPT NOTE VILNIUS MAY 11, 2018 DIEGO MATTIOLI WHAT S THE MORNING PROGRAMME 9.15 9.45 Project Planning how to select the right funding line for your idea Spotlight on LIFE priority
More informationSummary and Conclusion
Chapter 7 Summary and Conclusion 7.1 Introduction The main objective of the study was to examine the investment scenario in SAARC countries. In addition to that the study has also analysed intra-regional
More informationCHAPTER I: PRELIMINARY Short title, commencement and interpretation
Notification dated 20.2.2009 Bhopal: dated 31 st January, 2009 No. 254-MPERC-2009. In exercise of the powers conferred by Section 181 read with Subsection (b) of Section 86 of the Electricity Act 2003
More informationOverview. Forward contracts in the Australian Electricity Market. Generators are paid the clearing price. Spot market
Overview Forward contracts in the Australian Electricity Market Eddie Anderson Joint work with Xinmin Hu and Don Winchester Fundamentals: forward and spot Interviews with participants in the NEM: A mix
More informationSECTOR UPDATE KEY HIGHLIGHTS: FY 2011 FINANCIAL RESULTS SITE PHOTOGRAPHS
FY 2011 SECTOR UPDATE KEY HIGHLIGHTS: FY 2011 FINANCIAL RESULTS PROJECT UPDATE STRATEGIC PRIORITIES SITE PHOTOGRAPHS 2 Capacity Build up (GW) Peak Demand/Supply (GW) FY 2011 India: World s 6 th largest
More informationAssistance to NERC: Regulatory Support Program
Assistance to NERC: Regulatory Support Program Regulatory framework for E-RES support in Ukraine Kiev, October 5th AF-MERCADOS ENERGY MARKETS INTERNATIONAL Finding new paths for energy markets AF-Mercados
More informationRenewable Energy Finance Summit
Annual Conference Renewable Energy Finance Summit Venue: Hyatt Regency, Mumbai 18 th April 2012 Solar Energy Hydro Energy Wind Energy Biomass and Waste to Energy 10% Discount on Early Bird Registrations
More informationElectricity Markets and Principle Market Design Models
Electricity Markets and Principle Market Design Models (prepared for the European Copper Institute) Dr. Konstantin Petrov KEMA Consulting GmbH Kurt-Schumacher-Straße 8 53113, Bonn Tel: + 49 228 4469000
More informationDevelopment of Power Markets and Market Monitoring
Department of Industrial and Management Engineering Indian Institute of Technology Kanpur 3 rd Capacity Building Programme for Officers of Electricity Regulatory Commissions 23 28 August, 2010 Development
More informationMANITOBA HYDRO. Corporate Risk Management Middle Office Report June 2009
MANITOBA HYDRO Corporate Risk Management Middle Office Report June 2009 A. Credit On-going review and advisory support is being provided to PS&O (Power Sales and Operations) credit function to assist in
More informationJSW Energy Limited. Q2 FY 2016 Results Presentation October 28, 2015
JSW Energy Limited Q2 FY 2016 Results Presentation October 28, 2015 Agenda Business Environment Operational and Financial Performance Status updates 2 Capacity profile and PLF s Sector-wise Installed Capacity
More informationRegional Transmission Organization Frequently Asked Questions
1. The CRA analysis showed greater trade benefits to the Entergy region from joining SPP rather than joining MISO. Did Entergy re-do the CRA analysis? No. The CRA analysis was a key component of the Entergy
More informationEgyptEra Regulatory Framework to Develop RES Projects in Egypt
Regulatory Framework to Develop RES Projects in Egypt Hatem Waheed Managing Director Egypt ERA Hatem.waheed@hotmail.com www.egyptera.org Contents Electricity Law RE Law and Regulations Current Situation
More informationReport and Recommendation of the President to the Board of Directors
Report and Recommendation of the President to the Board of Directors Project Number: 47926 April 2014 Proposed Equity Investment ReNew Power Ventures Private Limited ReNew Power Investment Project (India)
More informationRevenue Administration Reforms in Anglophone Africa since the early 1990s
Revenue Administration Reforms in Anglophone Africa since the early 1990s Developments & Trends David Kloeden IMF Fiscal Affairs Department Anglophone Sub-Saharan Africa Grouping West Africa Southern Africa
More informationUttar Pradesh Electricity Regulatory Commission
Uttar Pradesh Electricity Regulatory Commission Notification no. UPERC / Secy / CNCE Regulation, 2009/ 696 Dated: 22.3.2010 In exercise of powers conferred under section 181 read with section 9, 61, 86
More informationCMD s Speech for 17 th AGM
Ladies and Gentlemen, CMD s Speech for 17 th AGM It is my privilege to welcome you all to the 17 th Annual General Meeting of PTC India Ltd. I express my sincere gratitude to all of you for your confidence
More informationResult Presentation Q1 FY11 13th August 2010
Suzlon Energy Limited Result Presentation Q1 FY11 13th August 2010 Disclaimer This presentation and the accompanying slides (the Presentation ), which have been prepared by Suzlon Energy Limited (the Company
More information1. Executive Summary Chairman s Message Steel Industry Overview Steel Industry Outlook Standalone Financial Performance 7
Table of Contents 1. Executive Summary 3 2. Chairman s Message 4 3. Steel Industry Overview 5 4. Steel Industry Outlook 6 5. Standalone Financial Performance 7 6. Quarterly Performance Trends 12 7. Graphite
More informationIntroduction to Mergers & Amalgamations
Introduction to Mergers & Amalgamations Amrish Shah ICAI WIRC Seminar February 2013 Content Modes of M&A in India Amalgamation and Merger Basic concept Type of mergers Key driver for mergers Domestic mergers
More informationPOLICY ON DEVELOPMENT OF HYDRO POWER PROJECT. Energy Department Government of Bihar
POLICY ON DEVELOPMENT OF HYDRO POWER PROJECT Energy Department Government of Bihar 2012 ( 1 ) Table of Content 1. Objective 2. Title and Enforcement 3. Scope and Coverage 4. Nodal Agency 5. Classification
More informationWholesale power market challenges:
EU Electricity Market Reform Seminar Dublin 13 March 2013 Wholesale power market challenges: from simplicity and efficiency to complexity and regulation Peter Styles European Federation of Energy Traders
More informationhydro thermal portfolio management
hydro thermal portfolio management presentation @ Schloss Leopoldskron 8 Sep 004 contents. thesis initiation. context 3. problem definition 4. main milestones of the thesis 5. milestones presentation 6.
More informationReviving the Financial Sector. Recommendations
Reviving the Financial Sector Recommendations October 2018 Background The Financial Sector in India over the last few years has become an integrated system with players like NBFCs, Banks, HFCs, Mutual
More informationPTC India Financial Services Limited. January 2012
PTC India Financial Services Limited January 2012 Our Vision and Mission Vision Be the most preferred financial services partner in the entire energy value chain. Mission To partner and forge strong relationships
More informationValue Pick. Neyveli Lignite (A GOI Enterprise) A.K.Prabhakar CMP 102 BUY Target 130
Neyveli Lignite (A GOI Enterprise) A.K.Prabhakar akprabhakar@rathi.com CA Vivek Gujrati vivekgujrati@rathi.com Shweta Prabhu shwetaprabhu@rathi.com CMP 102 BUY Target 130 Neyveli Lignite (NLC) possesses
More informationApril 22, Research Analyst
April 22, 2016 Quant Pick NTPC Research Analyst Amit Gupta amit.gup@icicisecurities.com Raj Deepak Singh rajdeepak.singh@icicisecurities.com Azeem Ahmad azeem.ahmad@icicisecurities.com i i iti Buy NTPC
More informationDeveloping a PPP market: Getting the fundamentals right
Developing a PPP market: Getting the fundamentals right Essentials for private sector participation 17 March 2016 Why does private sector care about PPP projects? PPP projects offers stable cash flows
More informationElectricity Market. July 15.
Electricity Market Email: info@iexindia.com July 15 www.iexindia.com In this presentation Introduction to Indian Power Market Product Portfolio Trading Mechanism Market Snapshot Participation Volume Price
More information