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Power 20:20 | August 2015

Most innovative power company (conventional power) (private sector) - CLP India

CLP India, a wholly owned subsidiary of CLP Holdings, is a leading investor-operator in the Asia Pacific. CLP entered the Indian market in 2002, with the acquisition of Paguthan CCPP (formerly Gujarat Paguthan Energy Corporation), a 655 MW gas-fired power station in Bharuch, Gujarat. Over the last decade, CLP India has built a responsible, technologically advanced and diversified portfolio of close to 3,000 MW.

It is the largest foreign investor in the Indian power sector, with total investment of over Rs 14,500 crore, spread across renewable energy, supercritical coal, and gas-fired generation. With more than 1,000 MW of committed wind power projects, CLP India is the largest investor in India´s wind power sector

Investment in the renewable energy sector is driven by the Group's strategy of reducing their carbon footprint by moving away from reliance on conventional coal fired generation and increasing the share of non-carbon emitting in its portfolio to 30 per cent by 2020 as prescribed in the Group's climate strategy. Besides, CLP is also reviewing prospects of investing in wind, solar, biomass and other renewable energy projects.

Key success factors:
Long-term generation capacity

CLP India also has one of the biggest Wind IPP with over 1,000 MW of committed investments. It has ~300 MW of wind projects under construction in Maharashtra, Rajasthan and Madhya Pradesh.

Innovative finance
With strong backing of its HK-based parent CLP Holdings, its subsidiary´Jhajjar Power Limited´has successfully raised Rs 476 crore to re-finance its Jhajjar Power project situated in Haryana. The company has closed the issue on the day it opened by raising the full amount of Rs 476 crore. The Jhajjar project, earlier, had a standalone rating of BBB, which gradually moved to A+ because of its sheer performance. At present, the rating stands at AA+ (SO), based on 50 per cent credit enhancement by the parent. So with the higher standalone ratings a 100 per cent guarantee is not required from the parent.

  • CLP Wind Farms (India) Private Limited (CLP WF) is part of the CLP Group (www.clpgroup.com) and is the largest investor in wind power in India.
  • CLP WF and its associate companies currently own more than 542 MW of operational wind farms and over 260 MW of wind farms are under construction in India.
  • CLP WF and its associated companies have more than 12 CDM projects, of which four are already CDM registered.

Awards and recognitions
Jhajjar Power Plant won the Ministry of Power´s ´Gold Shield Award for the Year 2011-12´ (Unit I, 660 MW) and 2012-13 (Unit II, 660 MW) in the category of ´Early Completion of Thermal Power Projects'.
CLP India won ´CFO 100 award for the year 2014´ in the category of ´Risk Management´ in recognition to exceptional contribution made in this category.
Jhajjar plant was awarded the ´D&B Infra Award´ under 'Projects' category.

Parameter Details
Company CLP India Pvt. Ltd
Ownership Private Limited Company
Industry Energy
Founded 2002
Headquarters Mumbai
Products Wind Energy
Revenue NA
Net Income NA
Employees NA

Major projects achieved in the past 12 months
Project Capacity (MW) Year
Chandgarh Wind Farms 24 Still to be decided
Bhakrani Wind Farms 101.6 Still to be decided
Mahidad Wind Farms 50.4 FY 2014-15
Tejuva Wind Farms 25.2 Still to be decided
Net Total 201.2 FY 2014-15
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