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Key features of EPC contract
EPC or turnkey construction contracts enable construction works of large-scale and complex infrastructure projects, where a contractor is obliged to deliver the complete facility to a developer who needs to only turn a key to start operating the facility.
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Remove Pitfalls on Way to Targets
Despite the Centre's thrust to renewable energy, state governments are not an active party to the renewable energy wave. If the Centre and states collaborate, things would be easier for achieving targets.
Renewable Energy, National Action Plan, Solar Energy, Solar PV Equipment, PPA, Infrastructural Development, Solar Equipment, ICRA, DISCOM, RPO, Power Purchase Agreements, GST, Rooftop Solar, Sanjeev Aggarwal, Amplus Solar
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Green Shoots Visible
The Indian power sector is one of the most widespread in the world. Power is one of the most crucial components of infrastructure. It is vital for economic growth.
BTG Stakeholders, Infrastructure, Crucial Components, Wind, Solar, Agricultural And Domestic Waste, Saubhagya Scheme, Kameswara Rao, Power Generation, Power, Transport, Renewable Energy, IBEF, Ministry Of Commerce And Industry, Government Of India
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No clear roadmap
The outlook for thermal power generation market is not negative as India is still hugely underserved on electricity. The current limbo is caused by a sudden addition of about 100 GW in a five year period, driven by a policy of coal block allocation i.e., a rush encouraged by the premium from fuel shortages.
Kameswara Rao, Thermal Power Generation, Pwc, Coal Block Allocation, Coal-Fired Plants, Renewable Energy, Electrification, Transport, Power Equipment, BTG Market, Saubhagya Scheme
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Not in the race yet
India has embarked on an ambitious programme to add 9,000 MW of nuclear power capacity in the next few years, mostly riding on the new indigenously developed 700 MWe (mega watt electric) pressurised heavy water reactors (PHWRs) as part of its clean energy thrust.
PHWR, KKNPS, NSG, Nuclear Equipment, Component Manufacturers, NPCIL, NPP, AREVA, BS Srinivasalu Reddy, Instruments, Nuclear Race, Nuclear Power
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Sprinting on a Growth Track
The World Bank recently has put out a report in which the demand for electricity in India is growing at the same rate as in France or Germany as millions of people in rural or impoverished areas seek access to power in their homes and workplaces.
World Bank, Electricity, Power, Discoms, Ministry Of Power, Distribution Network, Switchgear, Ujwal DISCOM Assurance Yojana, DDUGJY, IPDS, Goi, T&D Network, CAGR, High Voltage Switchgear Market, UHV
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Warming Up to the Idea
Besides being a zero carbon emitting source of energy, costs of geothermal has significantly reduced over the years, making it an available option for India - one that the government too is contemplating.
Geothermal Energy, Goi, GSI, Electricity Generation, Puga Valley, FDI, Equipment, Machinery, NCEF, MNRE, State Nodal Agencies, Geothermal Power Plants, World Energy Council, OECD, FTE
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The Powernomics of GST
Finally, Goods and Services Tax (GST) has arrived on July 1, 2017, and the first batch of filing of monthly returns is underway in August 2017. Like any other changeover, GST is also facing its initial pangs.
GST, One Nation, One Tax And One Market, Index Of Industrial Production, Aditi Nayar, Mining, GST Council, Power Generation, Central Electricity Authority, ICRA, Coal India Limited, FMCG, Bop, Wind Generator, Components
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Positive for coal, marginally negative for solar, wind
In terms of impact of GST on the power sector, it is a mixed bag with the effect being positive for some and marginally negative for others. The reduction in tax rate on domestic coal will provide a relief to coal based power plants in the cost of power generation even after accounting for an increase in capital cost (due to higher tax rates in boiler, turbine, generator segment).
GST, Power Sector, Coal, Power Generation, BCD, GST, EPC Contractors, ICRA Limited, Plant Equipment, BTG, Component, Solar Power
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