CLP India eyes transmission assets
Making its entry into the space of transmission, CLP India Pvt Ltd is looking at acquisitions, according to sources, in the backdrop of low green energy tariffs that threaten profitability.
In the past five years, coal power made up over two-thirds of capacity additions in India's generation, and currently accounts for more than 60 per cent of India's power capacity. According to the International Energy Agency (IEA), India's coal demand will see the biggest growth over the next five years, despite a global slowdown.
Bonds create cash reserves and have stable interest rates
If you look at CLP’s Jhajjar thermal power plant, we started with raising debt in Rupee and subsequently raised foreign currency borrowing. As the operational performance of Jhajjar improved over a period of time, we looked at the debt capital markets.
Gurdeep Singh, 51 years, joined as CMD, NTPC in New Delhi. A Mechanical Engineer by profession he has over 28 years of experience in power generation sector.
Given the fact that a significant quantity of coal will continue to dominate India´s energy generation, energy efficiency becomes vital. As per the thumb rule: higher efficiency in the generation of electricity means, lower consumption of coal per unit of electricity generated.
Economy of scale is a must to make supercritical viable
Since the last few years, government policy and the environmental framework that grants concessions to operate a power plant have been clearly favouring supercritical or efficient and cleaner technology.
State governments need to focus on supplying quality power
Our sector is one where you have long gestation periods and one can´t see results overnight. The last year has been a mixed bag; as they say, ´you win some, you lose some!´ Clearly, there have been positive initiatives from the new government, such as improvement in coal production, efforts to partially mitigate the problem of stranded gas-based generation, proposed changes in the Electricity Act, etc.
Our bonds have been fully subscribed on day one
The asset-specific bonds, that we have issued recently is indeed an innovative way to re-finance projects. Most importantly, this bond has been issued after completion of the project.
Power 20:20 - Profiles | CLP India Wind Farms
Mishra has been MD of CLP India since 2004, where he is responsible for asset management and business development of the company´s investments in India. He joined the CLP Group