India Power Report

Published 16 June 2015

  • 99 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
India Power Report

BMI View: Our view that power sector reforms would be a top priority for Modi's government is playing out. We are witnessing notable progress in the Indian power market with regards renewable energy expansion, reducing red tape for power projects and improving fuel availability for thermal generation. We believe the government will increasingly turn its attention to reforming the power distribution segment and boosting India's energy independence. Our long-term outlook for the sector is similarly positive as we believe that several fundamental drivers of growth for the sector are beginning to align in India's favour.

We forecast that electricity generation in India will grow by 6.5% in 2015, faster than 5.5% growth that we estimate the sector will have experienced in 2014. Our 2015 forecast can be attributed to the strengthening economic outlook and the reforms that Modi has started to initiate in the sector.

We have maintained our long-term forecasts for the Indian power sector, and forecast electricity generation to grow at an average of 6.2% per annum between 2016 and 2024. The outlook for the sector is extremely positive, and we believe that several fundamental drivers of growth are beginning to align in India's favour.

Key Trends And Developments

  • Coal stock shortages have been a persistent bottleneck for coal-fired power generation in the country over the last five years (causing widespread power shortages), as state-controlled Coal India has failed to meet its coal output and supply targets. However, the situation has improved over the last few months, as Modi's efforts to increase the availability of coal domestically - primarily by accelerating the bidding process for coal mines and implementing more stringent production oversight - are bearing fruit.

  • Since coming to power, the government has relaxed several environmental rules to make it easier for companies to develop new projects. Small and medium-sized coal miners can now expand production by...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
India Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (India 2014-2019)
10
Table: Country Snapshot: Economic and Demographic Data (India 2019-2024)
10
Table: Country Snapshot: Power Sector
10
India Power Forecast Scenario
11
Table: Total Electricity Generation Data And Forecasts (India 2013-2018)
11
Table: Total Electricity Generation Data And Forecasts (India 2019-2024)
12
Table: Electricity Generating Capacity Data And Forecasts (India 2013-2018)
14
Table: Electricity Generating Capacity Data And Forecasts (India 2019-2024)
14
Electricity Consumption
24
Table: Total Electricity Consumption Data And Forecasts (India 2013-2018)
24
Table: Total Electricity Consumption Data And Forecasts (India 2019-2024)
24
Transmission & Distribution, Imports & Exports
25
Table: Electric Power T&D Losses Data And Forecasts (India 2013-2018)
25
Table: Electric Power T&D Losses Data And Forecasts (India 2019-2024)
25
Table: Trade Data And Forecasts (India 2013-2018)
25
Table: Trade Data And Forecasts (India 2019-2024)
25
Power Risk/Reward Index
29
Asia Power Risk/Reward Index
29
Table: Asia Power Risk/Reward Index
34
India Power Risk/Reward Index
35
Rewards
35
Risks
35
Market Overview
37
Key Policies And Market Structure
37
Regulation And Competition
37
Sustainable Energy Policies
39
Pricing
41
India Power Projects Database
42
Table: India Power Projects Database
42
Competitive Landscape
71
Power Grid
71
National Thermal Power Corporation
72
National Hydroelectric Power Corporation
73
Nuclear Power Corporation Of India
73
Company Profile
74
National Thermal Power Corporation (NTPC)
74
National Hydroelectric Power Corporation (NHPC)
77
Regional Overview
80
Asia Regional Overview
80
Table: Fact Box: Result Of December 2014 Elections
83
Glossary
84
Table: Glossary Of Terms
84
Methodology
85
Industry Forecast Methodology
85
Sources
88
Risk/Reward Index Methodology
88
Table: Power Risk/Reward Index Indicators
89
Table: Weighting Of Indicators
90

The India Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The India Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for India to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks India's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in India.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector and within the broader political, economic and business environment.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc