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New & Renewable Energy. PRESENTATION By. Agenda – I . Energy Scenario Power Reforms RE Imperative RE Scenario RE Policy Enablers RE Targets RE Investments Attractiveness. Energy Scenario. Power Capacity – 156 GW Thermal - 100 GW Hydro - 37 GW Renewable - 15 GW

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new renewable energy

New & Renewable Energy

PRESENTATION By

agenda i
Agenda – I
  • Energy Scenario
  • Power Reforms
  • RE Imperative
  • RE Scenario
  • RE Policy Enablers
  • RE Targets
  • RE Investments
  • Attractiveness
energy scenario
Energy Scenario

Power Capacity – 156 GW

Thermal - 100 GW

Hydro - 37 GW

Renewable - 15 GW

Per Capita Consumption – 730 units

RE Share in Generation – 4%

Energy Served Population – 60%

Peak Deficit – 12%

Energy Deficit – 11%

AT&C Losses – 30%

power reforms
Power Reforms

Unbundling of utilities

De-licensing in Generation & Transmission

Mega schemes - UMPP & UMTP

Creation of National Grid

Franchisee in Distribution

Promoting merchant Power

Focused approach for Rural Areas

Promotion of Renewable Energy

Fiscal & Financial Incentives

RPO Targets

National Solar Mission

re imperative
RE Imperative
  • Enormous RE potential
  • Promotes Energy Security
  • Promotes Sustainable Growth
  • Bridges demand-supply gap
  • Reduced Losses as Generation near consumption
  • Provides lifeline energy (Heat, Light & Power) to rural masses
issues with re projects
Issues with RE Projects

Remote Locations

Infirm Power, difficult to schedule

Limited Generation period, requires storage

High Generation Cost due to

High up-front cost

Low Capacity Factor

Under-utilization of transmission facilities

Associated with Reactive Power

First Generation Entrepreneurs

Limited Public Sector Participation

Lack of Trained Work-force

re policy enablers
RE Policy Enablers

Dedicated Ministry – MNRE

Dedicated Financial Institution - IREDA

Comprehensive Resource Assessment

Wind Atlas

Solar Radiation Mapping

Identification of Hydro sites

Enabling Legislations

NAPCC

Purchase Obligations

Preferential Tariffs/ GBI/ RE Certificate

Guaranteed off-take, Must-Run status

fiscal financial incentives
Fiscal & Financial Incentives

Excise duty exemptions

Income Tax Holiday

Accelerated Depreciation

Electricity Duty exemption

Preferential Tariffs/ GBI/ RE Certificate

Interest & Capital subsidies

100% FDI permitted

Energy buy-back through long-term PPA

Captive, 3rd Party Sale & Trading

indian re scenario
Indian RE Scenario

Note: Grid connected capacity as on 31-Oct-2009

2012 re targets investments
2012 RE Targets & Investments

(*) After deducting for the commissioned capacity as on 31 Oct’09 from MNRE-RFD for Wind, SHP & Biomass

(**) Solar – JNNSM (Th-600 MW + PV-400 MW)

(^) Cost projections – Inline with CERC guidelines

indian economy
Indian Economy
  • Fastest growing free market democracy
  • 4th largest economy
  • GDP growth @ 8%
  • Infrastructure
    • 2nd largest Rail network
    • 334 airports
    • 12 major ports & 87 minor ports
    • 400 Million telephone connections
    • 5th largest power market
  • IT & Engineering Superpower
fdi in india
FDI in India

100% FDI allowed in power Generation, Transmission & Distribution

Government has set up Foreign Investment Implementation Authority

One-stop service to foreign investors

Obtaining necessary approvals

Sorting operational problems

www.investinginindia.in

slide16

INDIA: Ideal Destination

US$ 35 Billion FDI in

2008-09

Source: IBM-PLI – Global Investment Locations Database, GILD

agenda ii
Agenda – II
  • Introduction
  • Operational Areas
  • Financing Schemes
  • Resource Base
  • Performance Highlights
  • International Partnerships
  • Recognition
evolution
Evolution

INCEPTION

Incorporated under the Companies Act on 11th March, 1987 to promote, develop and extend financial assistance for Renewable Energy and Energy Efficiency/ Conservation Projects.

OBJECTIVE

Extend financial support to Renewable Energy, Energy Efficiency & Conservation projects

MOTTO

Energy For Ever

operational areas
OperationalAreas

Sectors being financed:

Wind

Small & Medium Hydro

Biomass Power & Cogeneration

Solar

Waste to Energy

EE & Conservation

Bio Fuels/ Alternate Fuels

Other Activities

  • Intermediary for providing financing facilities for various MNRE Schemes
  • Implementing Agency for GBI scheme
financing offerings
Financing Offerings

Schemes

Project Financing

Equipment Financing

Financing Through Intermediaries

Terms

Loan - 70% of Project Cost

Interest -11.25% to 12.15%

(based on credit rating)

Repayment - Upto 13 Years

New Initiatives

Securitization against future receivables

Structured repayment

Loan syndication under Consortium

Non-recourse financing

outreach
Outreach

Registered & Head office – New Delhi

Branch Offices – Chennai & Hyderabad

Camp Offices – Kolkata & Ahmedabad

Business Development Associates – 50 Nos

MoU with PFC, PTC, IIFCL for joint financing

Conducts Business Meets, Seminars, workshops

Publishes IREDA News & Bulletin on EE

cumulative performance
Cumulative Performance
  • No of Projects Sanctioned :1892
  • Total Loan Sanctions :Rs.10,356 Cr
  • Loan Disbursements :Rs. 5,754 Cr
  • Sanctioned Power Capacity :3616 MW
  • Commissioned Capacity :1902 MW
  • Conventional Fuel Replacement :13L MTCR/Yr

As on 31/03/2009

highlights
Highlights

Unique FI Dedicated for RE Financing

Specialized knowledge of RE & EE

High Brand Equity

Catalyzed market development leading to commercialization of RE

Assisting in policy formulation

Profit earning & dividend paying

ISO 9001:2000 Certified Company

Highest share in RE Financing - 13.5%

international partnerships
International Partnerships

Lines of Credit Availed

Govt of Netherlands, 1991 :18 Million Dutch Guilders

World Bank (1st LoC), 1993 :$ 145 Million

DANIDA, 1993 :$ 15 Million

Asian Development Bank, 1997 :$ 100 Million

KfW, Germany (1st LoC), 1999 :€ 61 Million

World Bank (2nd LoC), 2001 :$ 110 Million

KfW, Germany(2nd LoC), 2008 :€ 50 Million

KfW, Germany (3rd LoC) :€ 19.9 Million

Lines of Credit in Pipeline

AFD (France) :€ 70 Million

JICA (Japan) :$ 100 Million

lender s perceptions
Lender’s Perceptions

ADB - IREDA has satisfactorily performed the operational and institutional responsibilities in accordance with the diverse objectives for which it was created.

World Bank - IREDA is well motivated, active and has strong interest in incorporating environmental costs and benefits into economic analysis.

KFW - despite its fairly young age, IREDA is an able and competent financial institution and has retained its financial strength through years of very rapid growth and in sectors with considerable technological and financial risks.

recognition
Recognition
  • Second Prize in Water Globe Award Category of the Energy Award 2002 presented at Linz, Austria.
  • World Climate Technology Award for the year 1999 by Climate Technology Initiative (CTI), France.