GDPE0793ICR- India Power Market Outlook Sample …INDIA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE Executive Summary Power

REFERENCE CODE GDPE0793ICR | PUBLICATION DATE JULY 2015

INDIA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND

COMPETITIVE LANDSCAPE

India Power Market Outlook to 2025, Update 2015 – Market Trends, Regulations, and Competitive Landscape 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.

INDIA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE

Executive Summary

Power Sector Outlook

India’s burgeoning economy and increasing

military strength have made it a regional leader in

South Asia. Reforms initiated in the early 1990s

allowed the country to develop into a trillion-dollar

economy, having grown at a Compound Annual

Growth Rate (CAGR) of XX% from 2000 to 2014.

However, economic progress has been erratic,

largely due to sub-optimal policymaking and lax

program implementation.

India’s economic progress has mainly been driven

by the performance of the manufacturing and

services sectors, especially the latter. In line with

this, electricity consumption increased at a CAGR

of XX% during the 2000–2014 period. On a year-

on-year basis, consumption increased XX% in

2010 but dropped to an average of XX% during the

2012–2014 period. This can be attributed to the

business sector’s high share of electricity

consumption.

Power Market, India, Gross Domestic Product ($tn) and Annual Power Consumption (TWh), 2000–2014

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Ann

ual p

ower

con

sum

ptio

n (T

Wh)

GD

P ($

tn)

GDP (constant prices) Annual power consumption Source: GlobalData; IMF, 2015 TWh: Terawatt hour

Electricity generation also increased between 2000

and 2014, as illustrated in the following figure.

Power Market, India, Annual Power Consumption and Generation (TWh), 2000–2014

2000 2007 2014

Annu

al p

ower

con

sum

ptio

n an

d ge

nera

tion

(TW

h)

Annual power consumption Annual power generation Source: GlobalData, Power Database [Accessed on June 5, 2015]


Table of Contents


1 Table of Contents

1 Table of Contents ....................................................................................................................... 4

1.1 List of Tables ...................................................................................................................... 7

1.2 List of Figures ..................................................................................................................... 9

2 Introduction ............................................................................................................................... 10

2.1 GlobalData Report Guidance ............................................................................................ 11

3 India Power Market, Snapshot .................................................................................................. 12

3.1 Macro-economic Factors ................................................................................................... 12

3.2 Supply Security ................................................................................................................. 14

3.3 Opportunities .................................................................................................................... 15

3.4 Challenges ........................................................................................................................ 16

4 India, Power Market, Market Analysis ....................................................................................... 17

4.1 India, Power Market, Market Structure .............................................................................. 17

4.2 India, Power Market, Key Market Players .......................................................................... 18

4.3 India, Power Market, Financial Deals ................................................................................ 19

4.3.1 Deal Value and Volume Analysis, 2004–May 2015 ....................................................... 19

4.3.2 Deals by Type, 2014 ..................................................................................................... 20

4.4 India, Power Market, Demand Structure............................................................................ 22

4.4.1 Power Consumption by Sector, 2014 ............................................................................ 23

5 India, Power Market, Regulatory Scenario ................................................................................ 25

5.1 India, Power Market, Key Policies ..................................................................................... 25

5.1.1 Electricity Act, 2003 ....................................................................................................... 25

5.2 National Electricity Policy, 2005 ........................................................................................ 26

5.2.1 12th and 13th Five-Year Plan Targets ............................................................................. 26

5.2.2 National Tariff Policy, 2006............................................................................................ 26

5.2.3 Integrated Energy Policy ............................................................................................... 27

5.2.4 Extension of Power for All by 2012 Plan ........................................................................ 28


Table of Contents


5.2.5 Rural Electrification Program ......................................................................................... 29

5.2.6 Coal Linkage Policy for 12th Five-Year Plan................................................................... 29

5.2.7 Renewable Portfolio Standards ..................................................................................... 30

5.2.8 Renewable Energy Certificates ..................................................................................... 31

5.2.9 National Action Plan on Climate Change ....................................................................... 32

5.3 Foreign Investment Laws and Regulations ........................................................................ 33

5.3.1 Policies for Foreign Investment in the Power Market ..................................................... 33

5.3.2 Investment Laws and Regulations Affecting Private Players ......................................... 33

6 India Power Market, Capacity and Generation Overview .......................................................... 35

6.1 India, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2025 .................................................................................................................................. 35

6.1.1 Installed Capacity by Fuel Type, 2014 ........................................................................... 35

6.1.2 Cumulative Installed Capacity and Annual Power Generation, 2000–2025 ................... 36

6.1.3 Cumulative Installed Thermal Power Capacity and Annual Thermal Power Generation, 2000–2025 ................................................................................................................... 39

6.1.4 Cumulative Installed Hydropower Capacity and Annual Hydropower Generation, 2000–2025 ............................................................................................................................. 42

6.1.5 Cumulative Nuclear Power Installed Capacity and Annual Nuclear Generation, 2000–2025 ............................................................................................................................. 46

6.1.6 Cumulative Installed Renewable Power Capacity and Annual Renewable Power Generation, 2000–2025 ................................................................................................ 50

7 India, Power Market, Transmission and Distribution Overview .................................................. 55

7.1 India, Power Market, Transmission Network Overview ...................................................... 55

7.2 India, Power Market, Distribution Network Overview ......................................................... 58

7.3 India, Power Market, Smart Grid Development ................................................................. 59

7.4 India, Power Market, Grid Interconnection ........................................................................ 60

7.4.1 Electricity Import and Export Trends, 2000–2014 .......................................................... 60

7.5 India, Power Market, Electricity Trading ............................................................................ 63


Table of Contents


8 India, Power Market, Competitive Landscape: Snapshot of Leading Power Generating Companies ............................................................................................................................... 64

8.1 Key Company in the Indian Power Market: NTPC Limited ................................................ 64

8.1.1 NTPC Limited, Company Overview ............................................................................... 64

8.1.2 NTPC Limited, Business Description ............................................................................. 64

8.1.3 NTPC Limited, SWOT Analysis ..................................................................................... 65

8.2 Key Company in the Indian Power Market: Maharashtra State Power Generation Co. Ltd. ... ....................................................................................................................................... 69

8.2.1 Maharashtra State Power Generation Co. Ltd., Company Overview ............................. 69

8.2.2 Maharashtra State Power Generation Co. Ltd., Business Description ........................... 70

8.2.3 Maharashtra State Power Generation Co. Ltd., SWOT Analysis ................................... 71

8.3 Key Company in the Indian Power Market: National Hydroelectric Power Corporation Ltd. ... ....................................................................................................................................... 74

8.3.1 National Hydroelectric Power Corporation Ltd., Company Overview ............................. 74

8.3.2 National Hydroelectric Power Corporation Ltd., Business Description ........................... 75

8.3.3 National Hydroelectric Power Corporation Ltd., SWOT Analysis ................................... 76

8.4 Key Company in the Indian Power Market: Nuclear Power Corporation of India Limited ... 80

8.4.1 Nuclear Power Corporation of India Limited, Company Overview .................................. 80

8.4.2 Nuclear Power Corporation of India Limited, Business Description ............................... 80

8.4.3 Nuclear Power Corporation of India Limited, SWOT Analysis ........................................ 81

8.5 Key Company in the Indian Power Market: Gujarat State Electricity Corporation Limited .. 84

8.5.1 Gujarat State Electricity Corporation Limited, Company Overview ................................ 84

8.5.2 Gujarat State Electricity Corporation Limited, Business Description .............................. 85

8.5.3 Gujarat State Electricity Corporation Limited, SWOT Analysis ...................................... 85

9 Appendix................................................................................................................................... 89

9.1 Market Definitions ............................................................................................................. 89

9.1.1 Power ............................................................................................................................ 89

9.1.2 Installed Capacity .......................................................................................................... 89


Table of Contents


9.1.3 Electricity Generation .................................................................................................... 89

9.1.4 Electricity Consumption ................................................................................................. 89

9.1.5 Thermal Power Plant ..................................................................................................... 89

9.1.6 Hydropower Plant .......................................................................................................... 89

9.1.7 Nuclear Power............................................................................................................... 89

9.1.8 Renewable Energy Resources ...................................................................................... 90

9.2 Abbreviations .................................................................................................................... 90

9.3 Bibliography ...................................................................................................................... 91

9.4 GlobalData’s Methodology ................................................................................................ 93

9.4.1 Coverage ...................................................................................................................... 93

9.4.2 Secondary Research and Analysis ................................................................................ 93

9.4.3 Primary Research and Analysis..................................................................................... 94

9.5 Disclaimer ......................................................................................................................... 95

1.1 List of Tables

Table 1: Power Market, India, Gross Domestic Product ($tn), Population (billion), and Annual Power

Consumption (TWh), 2000–2020 ................................................................................................. 14

Table 2: Power Market, India, Market Share of Power Generation Utilities (%),2014 .................................. 18

Table 3: Power Market, India, Deal Value ($bn) and Number of Deals, 2004–May 2015 ............................ 20

Table 4: Power Market, India, Deals by Type (%), 2014 ............................................................................ 21

Table 5: Power Market, India, Annual Power Consumption (TWh), 2000–2025.......................................... 23

Table 6: Power Market, India, Power Consumption by Sector (%), 2014.................................................... 24

Table 7: Power Market, India, Renewable Portfolio Standards Specified by State Electricity Regulatory

Commissions (%), 2010–2013 ..................................................................................................... 31

Table 8: Power Market, India, Cumulative Installed Capacity by Fuel Type (%), 2014 ................................ 36

Table 9: Power Market, India, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),

2000–2025 .................................................................................................................................. 38


Table of Contents


Table 10: Power Market, India, Leading Thermal Power Plants, 2015 ......................................................... 40

Table 11: Power Market, India, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal

Power Generation (TWh), 2000–2025 ......................................................................................... 42

Table 12: Power Market, India, Leading Hydropower Plants, 2015 .............................................................. 43

Table 13: Power Market, India, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower

Generation (TWh), 2000–2025 .................................................................................................... 45

Table 14: Power Market, India, Three-Stage Strategy for Nuclear Power Potential Based on Domestic

Reserves, 2012 ........................................................................................................................... 46

Table 15: Power Market, India, Leading Nuclear Power Reactors, 2015 ...................................................... 47

Table 16: Power Market, India, Cumulative Installed Nuclear Power Capacity (GW) and Annual Nuclear


Table 17: Power Market, India, Jawaharlal Nehru National Solar Mission Capacity Addition Target, 2010–

2022............................................................................................................................................ 51

Table 18: Power Market, India, Leading Renewable Power Plants, 2015 ..................................................... 52

Table 19: Power Market, India, Cumulative Installed Renewable Power Capacity (GW) and Annual

Renewable Power Generation (TWh), 2000–2025 ....................................................................... 54

Table 20: Power Market, India, Scope of Electricity Grids ............................................................................ 56

Table 21: Power Market, India, Transmission Line Lengths (Ckm), 2000–2020 ........................................... 57

Table 22: Power Market, India, Number of Transmission Substations, 2000–2020 ...................................... 58

Table 23: Power Market, India, Distribution Line Lengths (Ckm), 2000–2020 ............................................... 59

Table 24: Power Market, India, Imports and Exports (TWh), 2000–2014...................................................... 62

Table 25: Power Market, India, NTPC Limited, SWOT Analysis ................................................................... 66

Table 26: Power Market, India, Maharashtra State Power Generation Co. Ltd., SWOT Analysis .................. 71

Table 27: Power Market, India, National Hydroelectric Power Corporation Ltd., SWOT Analysis .................. 76

Table 28: Power Market, India, Nuclear Power Corporation of India Limited, SWOT Analysis ...................... 81

Table 29: Power Market, India, Gujarat State Electricity Corporation Limited, SWOT Analysis ..................... 86


Table of Contents


Table 30: Abbreviations .............................................................................................................................. 90

1.2 List of Figures

Figure 1: Power Market, India, Gross Domestic Product ($tn), Population (billion), and Annual Power

Consumption (TWh), 2000–2020 ................................................................................................. 13

Figure 2: Power Market, India, Market Share of Power Generation Utilities (%), 2014 ................................. 18

Figure 3: Power Market, India, Deal Value ($bn) and Number of Deals, 2004–May 2015 ............................ 19

Figure 4: Power Market, India, Deals by Type (%), 2014 ............................................................................ 21

Figure 5: Power Market, India, Annual Power Consumption (TWh), 2000–2025.......................................... 22

Figure 6: Power Market, India, Power Consumption by Sector (%), 2014.................................................... 24

Figure 7: Power Market, India, Cumulative Installed Capacity by Fuel Type (%), 2014 ................................ 35

Figure 8: Power Market, India, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),

2000–2025 .................................................................................................................................. 37

Figure 9: Power Market, India, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal


Figure 10: Power Market, India, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower

Generation (TWh), 2000–2025 .................................................................................................... 44

Figure 11: Power Market, India, Cumulative Installed Nuclear Power Capacity (GW) and Annual Nuclear


Figure 12: Power Market, India, Cumulative Installed Renewable Power Capacity (GW) and Annual

Renewable Power Generation (TWh), 2000–2025 ....................................................................... 53

Figure 13: Power Market, India, Imports and Exports (TWh), 2000–2014...................................................... 62



Introduction

2 Introduction

India is a developing nation, having undergone various economic reforms over the past two

decades that have enabled it to achieve a growth rate of XX%. Market liberalization started in the

early 1990s, when economic reforms designed to transform it from a socialist-structured economy

into a free-market economy began to be implemented. Thereafter, the country experienced rapid

economic growth due to increased investment and participation by international market players.

However, in 2011 there was a decline in the rate of economic growth due to prevailing high inflation

and interest rates, coupled with slow progress in the implementation of economic reforms.

In 2000, India’s Gross Domestic Product (GDP) at current prices was $XX billion, increasing at a

Compound Annual Growth Rate (CAGR) of XX% to $XX trillion in 2014. According to International

Monetary Fund (IMF) forecasts, India’s GDP at constant prices is expected to grow at a CAGR of

XX% during the 2015–2020 period (IMF, 2015).

India’s increasing population, industrialization, standard of living, and robust GDP growth are all

pushing up its electricity demand, thereby increasing overall consumption. In 2000, India’s

electricity consumption amounted to XX Terawatt hours (TWh), and this increased at a CAGR of

XX% to XX TWh in 2014. Its annual power consumption is expected to grow to XX TWh by 2025.

The regulatory structure of the power market is multi-layered, and is organized into federal and

state levels. While there is a ministry of power operating at the federal level, each state also has its

own individual ministry of power. The Central Electricity Regulatory Commission (CERC) is India’s

primary electricity regulator at the federal level, and is responsible for issuing licenses, and

regulating and determining tariffs for inter-state transmission. The State Electricity Regulatory

Commissions (SERC), act as electricity regulators for individual states. This multi-layering has

been implemented in response to India’s large and diverse population and enormous geographic

area.



Introduction

2.1 GlobalData Report Guidance

The executive summary gives an overview of the key growth trends in India’s power market.

Chapter three provides a snapshot of the key parameters that impact India’s power sector, as

well as key points about the power market.

Chapter four provides an analysis of the Indian power market.

Chapter five details the regulatory scenario of the power market and the inward foreign

investment scenario in India.

Chapter six provides information on India’s cumulative installed capacity and annual generation

trends, by individual generation source.

Chapter seven describes the power transmission and distribution infrastructure in India and

provides information on interconnectors. This section also covers upcoming grid-related

projects in India.

Note: All 2014 market numbers provided in the report are estimates, except where actual data were

available.



Capacity and Generation Overview

6 India Power Market, Capacity and Generation Overview

6.1 India, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2025

6.1.1 Installed Capacity by Fuel Type, 2014

Thermal power from coal was the dominant source of electricity in India in 2013, accounting for

XX% of the total installed capacity. This was followed by hydropower plants, which made up XX%.

Onshore wind power contributed XX% of installed capacity, while thermal power from gas

contributed XX%. India does not have any offshore wind power capacity. Other renewables such

as solar PV, concentrating solar power, biomass, and biogas contributed to XX% of the total

capacity, while nuclear power contributed to XX%. Oil-based thermal power accounted for the

remaining XX% share of capacity in 2014.

Figure 7: Power Market, India, Cumulative Installed Capacity by Fuel Type (%), 2014

Coal (thermal)Hydropower

Wind (onshore)

Gas (thermal)

Other renewables

NuclearOil (thermal)

Source: GlobalData, Power Database [Accessed on June 3, 2015]




Table 8: Power Market, India, Cumulative Installed Capacity by Fuel Type (%), 2014

Fuel type Share

Coal (thermal)

Hydropower

Wind (onshore)

Gas (thermal)

Other renewables

Nuclear

Oil (thermal)


6.1.2 Cumulative Installed Capacity and Annual Power Generation, 2000–2025

Cumulative installed capacity in India increased from XX GW in 2000 to XX GW in 2014 at a CAGR

of XX%. Renewable installed capacity showed the highest growth rate during this period, at XX%.

Thermal power recorded the second highest growth at XX%, while nuclear and hydropower

installed capacities increased at XX% and XX% respectively.

During the 2015–2025 forecast period, the cumulative installed capacity is expected to grow at a

CAGR of XX%. Nuclear power installed capacity is expected to show a greater growth rate than

other technologies, at XX%, closely followed by renewable power capacity at XX%. Thermal and

hydropower capacities are expected to show growth rates of XX % and XX% respectively during

this period.

Annual generation increased from XX TWh in 2000 to XX TWh in 2014 at a CAGR of XX%. As with

the respective installed capacities, renewable power generation showed the highest growth rate, at

XX%, growing to XX TWh in 2014 from XX TWh in 2000. Nuclear power generation increased from

XX TWh in 2000 to XX TWh in 2014 at a CAGR of XX%, due to higher capacity factors. Thermal

power generation and hydropower generation grew at XX% and XX% respectively during this

period. Annual generation is expected to grow at a CAGR of XX% between 2015 and 2025.




Figure 8: Power Market, India, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Ann

ual p

ower

gen

erat

ion

(TW

h)

Cum

ulat

ive

inst

alle

d ca

paci

ty (G

W)

Cumulative installed capacity Annual power generation Source: GlobalData, Power Database [Accessed on June 3, 2015]




Table 9: Power Market, India, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025

Year Cumulative installed capacity Annual power generation

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025



Appendix


9 Appendix

9.1 Market Definitions

9.1.1 Power

Power refers to the rate of production, transfer or energy use, usually related to electricity. It is

measured in Watts (W) and often expressed in kilowatts (kW) or Megawatts (MW). It is also known

as real power or active power.

9.1.2 Installed Capacity

Installed capacity refers to the generator’s nameplate capacity as stated by the manufacturer, or

the maximum rated output of a generator under given conditions. It is given in MW on a nameplate

affixed to the generator.

9.1.3 Electricity Generation

Electricity generation refers to the process of generating electricity from other forms of energy. It

also refers to the amount of electricity produced, expressed in Gigawatt-hours (GWh).

9.1.4 Electricity Consumption

Electricity consumption is the sum of electricity generated, plus imports, minus exports and

transmission and distribution losses. It is measured in GWh.

9.1.5 Thermal Power Plant

A thermal power plant is a plant in which turbine generators are driven by burning fossil fuels.

9.1.6 Hydropower Plant

A hydropower plant is a plant in which the turbine generators are driven by falling water.

9.1.7 Nuclear Power

Nuclear power is the energy released from the fission of nuclear fuel in a reactor.


Appendix


9.1.8 Renewable Energy Resources

Renewable energy resources are those that provide energy that is naturally replenished but limited

in the amount of energy available per unit of time. Biomass, geothermal, solar, small hydropower

and wind are examples of renewable resources.

9.2 Abbreviations

Table 30: Abbreviations AREP Accelerated Rural Electrification Program

BWR Boiling Water Reactor

CAGR Compound Annual Growth Rate

CEA Central Electricity Authority

CERC Central Electricity Regulatory Commission

CIL Coal India Limited

Ckm Circuit kilometer

DPR Detailed Project Report

FDI Foreign Direct Investment

FIIA Foreign Investment Implementation Authority

FIPB Foreign Investment Promotion Board

FiT Feed-in-Tariff

FYP Five-Year Plan

GDP Gross Domestic Product

GSECL Gujarat State Electricity Corporation Limited

GW Gigawatt

GWh Gigawatt-hour

HVDC High Voltage Direct Current

IEX Indian Energy Exchange

IMF International Monetary Fund

IPP Independent Power Producer

IREDA Indian Renewable Energy Development Agency

ISGTF India Smart Grid Task Force

JNNSM Jawaharlal Nehru National Solar Mission

kV kilovolt

kVA kilovolt Ampere

kW kilowatt

kWh kilowatt hour

LHP Large Hydropower Project

MNP Minimum Needs Program


Appendix


MNRE Ministry of New and Renewable Energies

MoF Ministry of Finance

MSPGCL Maharashtra State Power Generation Company Limited

MVA Megavolt-Ampere

MW Megawatt

NAPCC National Action Plan on Climate Change

NEP National Electricity Policy

NHPC National Hydroelectric Power Corporation Limited

NOWA National Offshore Wind Energy Authority

NPCIL Nuclear Power Corporation of India Limited

NPEX National Power Exchange

NTPC National Thermal Power Corporation

PFBR Prototype Fast Breeder Reactor

PHWR Pressurized Heavy Water Reactors

PPA Power Purchase Agreement

PV Photovoltaic

PWR Pressurized Water Reactor

PXIL Power Exchange of India

R-APDRP Restructured Accelerated Power Development and Reforms Program

REC Renewable Energy Certificates

RGGVY Rajiv Gandhi Grameen Vidyutikaran Yojana

RPS Renewable Portfolio Standards

SERC State Electricity Regulatory Commission

SHP Small Hydropower Project

TANGEDCO Tamil Nadu Generation and Distribution Corporation

T&D Transmission and Distribution

TWh Terawatt-hour

Source: GlobalData

9.3 Bibliography

CEA (2012). National Electricity Plan (Volume 1) Generation. Central Electricity Authority.

Available from: http://www.cea.nic.in/reports/powersystems/nep2012/generation_12.pdf

CEA (2014). Load Generation Balance Report 2014–2015. Central Electricity Authority.

Available from: http://www.cea.nic.in/reports/yearly/lgbr_report.pdf


Appendix


CEA (2015). Executive Summary, Power Sector. Central Electricity Authority. Available from:

http://www.cea.nic.in/reports/monthly/executive_rep/jan15.pdf

CERC (2014). Report on Short-term Power Market in India: 2012–2013. Central Electricity

Regulatory Commission. Available from: http://www.cercind.gov.in/2014/MMC/AR1314.pdf

CSO (2015). Energy Statistics 2015. Central Statistics Office. Available from:

http://mospi.nic.in/Mospi_New/upload/Energy_stats_2015_26mar15.pdf

ET (2013). India faced peak power deficit of over 12,000 MW in 2012-13. The Economic

Times. Available from: http://articles.economictimes.indiatimes.com/2013-04-

14/news/38529356_1_peak-power-deficit-power-shortage-central-electricity-authority

[Accessed on June 4, 2015].

Harjani A (2012). India’s Power Crisis Puts Global Ambition on Back Foot. CNBC. Available

from:

http://www.cnbc.com/id/48433401/Indiarsquos_Power_Crisis_Puts_Global_Ambitions_on_Bac

k_Foot [Accessed on June 4, 2015]

IMF (2015). International Monetary Fund, World Economic Outlook Database, April 2015

[database]. International Monetary Fund. Available at:

http://www.imf.org/external/pubs/ft/weo/2015/01/weodata/weoselco.aspx?g=2001&sg=All+coun

tries [Accessed on June 4, 2015]

Korosec K (2012). India’s other power failure (and its opportunity). Smart Planet. Available

from: http://www.smartplanet.com/blog/intelligent-energy/indias-other-power-failure-and-its-

opportunity/18229 [Accessed on June 4, 2015]

PTI (2014). Policy for Coal Linkage Transfer to New Power Units on Anvil. Press Trust of India.

Available from: http://profit.ndtv.com/news/industries/article-policy-for-coal-linkage-transfer-to-

new-power-units-on-anvil-573972 [Accessed on June 3, 2015]

SECI (2015). JNNSM. Solar Energy Corporation of India. Available from:

http://seci.gov.in/content/innerinitiative/jnnsm.php [Accessed on June 3, 2015]

The World Bank (2015). Ease of Doing Business in India. The World Bank. Available from:

http://www.doingbusiness.org/data/exploreeconomies/india [Accessed on June 4, 2015]


Appendix


WNA (2015). Nuclear Power in India. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/Country-Profiles/Countries-G-N/India/ [Accessed on June 5,

2015]

9.4 GlobalData’s Methodology

GlobalData’s dedicated research and analysis teams consist of experienced professionals with

advanced statistical expertise and marketing, market research and consulting backgrounds in the

energy industry.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and

Strategic and Competitive Intelligence Professionals (www.scip.org).

All of GlobalData’s databases are continuously updated and revised. The following methodology

has been followed for the collection and analysis of data presented in this report.

9.4.1 Coverage

This report covers the Indian power market, examining the market structure and providing historical

generation and capacity and consumption forecasts until 2025. It also looks at the market’s

regulatory structure, import and export trends, competitive landscape and leading active and

upcoming power projects.

9.4.2 Secondary Research and Analysis

The capacity, generation and consumption data is collected and validated using a number of

secondary resources including but not limited to:

Government agencies, ministry websites, industry associations, the World Bank, IMF, and

statistical databases

Company websites, annual reports, financial reports, analyst reports and investor

presentations

Industry trade journals, market reports and other literature

GlobalData’s proprietary databases such as the Capacity and Generation Database, Power

Plant Database and Transmission and Distribution Database

Further to this, the following secondary information is collected and analyzed to project India’s

power market scenario to 2025:


Appendix


Macro-economic scenario

Government regulations, policies and targets

Government and private sector investment

Contract and deal announcements

Utility expansion plans

The sector’s historical track record

Other qualitative insights built through secondary research and analysis of company websites,

annual reports, investor presentations, industry and trade journals, and data from industry

associations

9.4.3 Primary Research and Analysis

Secondary research is further complemented through primary interviews with industry participants

to verify the market numbers obtained through secondary research and obtain first-hand

information on industry trends.

A typical research interview fulfills the following functions:

Obtains the interviewee’s perspective on the market size, growth trends, competitive landscape

and future outlook

Validates secondary research findings

Further develop the analysis team’s expertise and market understanding

The participants are drawn from a diverse set of backgrounds, including power producers,

equipment manufacturers, industry associations, government bodies, utilities, distributors, and

academia. The participants include but are not limited to C-level executives, industry consultants,

academic experts, business development and sales managers, purchasing managers, plant

managers, government officials and industry spokespersons.


Appendix


9.5 Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any

form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior

permission of the publisher, GlobalData.

Documents

GDPE0793ICR- India Power Market Outlook Sample …INDIA POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE Executive Summary Power