07-04-2012, 04:25 PM
NATIONAL THERMAL POWER CORPORATION LTD
ntpc.ppt (Size: 374 KB / Downloads: 157)
Capacity Addition & Resources
Rs 9,00,000 crores investment required in generation, transmission, distribution etc.
Assuming 30:70 ratio 2,70,000 crores of equity and 6,30,000 crore debt needed in next 8-9 years
In the present climate, CPSUs, State Utilities and private sector put together are not in position to make required investments
Meager investments after private Power Policy in 1991 and outlook pessimistic
Merely 5476 MW* capacity addition by IPPs in VIII and IX Plans
Only 2024 MW+ under construction presently
During last 2-3 years many IPPs (Hirma, Co-gentrix, Bhadravati, Hinduja, Videocon, Rosa, AES etc) have abandoned the projects
Many International players like National Power, Powergen, CL&P, Southern Electric, PESG etc appear to have lost interest in Indian Power sector.
Tariff on Normative Basis
In the current tariff norms there are many components which are provided on actual basis. This leads to micro management by the regulator and scrutiny of various details for due diligence.
Following provisions in the present tariff are on actual basis:
Rate of interest on loan
Repayment of loans (normative or actual whichever is higher)
O&M cost
Station operating parameters (for new stations norm or actual whichever is lower)
Interest on Loan
Commission in its Order dated 21.12.2000 at clause 2.10 had said that :
“It is necessary to stick to the original loans as per approved project cost and the original schedule of repayment. The contracted interest rate shall be applied on the schedule outstanding loan amount for the ensuing tariff period. ……………………………. Thus any bullet payments or extension of the tenor of the loan shall be exclusively to the account of the utilities concerned.”
Above provision implies that original loans along with original repayment schedules and original interest rate shall be considered for the purpose of tariff and any benefit of swapping / bullet payment shall be allowed to the utilities.
Plant Operating Norms
Options :
Based on actual performance
Based on norms
For new stations, operating norms have been provided on actual or norm whichever is lower.
Actual operating parameters for the purpose of recovery of fuel charges will not provide any incentive to the utility for improving their performance.