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.
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.
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.
Renewable energy is vital for our Climate Vision 2050 targets
Jasraj Virdi, Head of Public Affairs and CSR at CLP India, speaks on the company´s latest initiatives and how renewable energy projects can give a fillip to CSR activities. Can you give us a detailed update on the various activities and collaborations that CLP India has initiated for the sustainable development of communities?
Community development is an integral part of the three core values that guide our business conduct and receives a very high level of commitment from the board and the man
No green clearance yet for Odisha mega power project
The Ministry of Environment and Forests has deferred the grant of environmental clearance to the 4,000-MW ultra mega power project (UMPP) at Bhedabahal in Odisha. The delay in environmental nod would delay the commissioning of the power plant and development of the attached mine to source coal. Nine power developers-ùJindal Steel and Power Ltd (JSPL), Tata Power, NTPC, Adani Power, JSW, Sterlite Inventure, CLP India, Larsen & Toubro and NHPC-ùhave bid for the project.
Previous SBD norms were better than new ones
The only good thing that has been added to the new SBD norms is the clarity on what will happen in case of coal shortage, otherwise, in all the other respects, previous documents were better, says Rajiv Mishra, MD CLP India, also Chairman of Association of Power Producers, in an exclusive interaction with Pradeep Pandey.