11.07.2015 Views

Download Complete PDF - apctt

Download Complete PDF - apctt

Download Complete PDF - apctt

SHOW MORE
SHOW LESS
  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

ANNEX XII:FINANCING OF THE POWER SECTORByMr. S.V. PrasadVice PresidentProject Advisory & Structured FinanceSBI Capital Markets LimitedNew Delhi, IndiaA. IntroductionSBI Capital Markets Limited (SBICaps), a wholly owned subsidiary of State Bank ofIndia (SBI), was incorporated in 1986. It is a member of a Working Group Sub-committeecreated by the Planning Commission on financing issues for the 11 th and 12 th Five-YearPlans, and a member of the Inter-Institutional Group set up by the Ministry of Power foradvising on broad policy issues and financing aspects for the power sector. It is also anominee on various committees of the Government of India, including the high-powered‘Expert Group’ chaired by the Planning Commission to suggest ways and means tosettle the dues of State Electricity Boards, as a precursor to their privatization.SBICaps arranged aggregate debt of around Rs 1,393 billion (more than US$27 billion)for India's power sector, accounting for about 24-25 GW generation capacity, in financialyear 2010-2011. Its clientele include major names in the country’s power sector – TataPower, Reliance Power, Adani Power, Bajaj Group, Jaypee Group and India Bulls Power.B. India’s power sectorIndia has been witnessing energy deficit of more than 7 per cent, with a peak deficitexceeding 10 per cent, for the last seven years (Figures 3-29 and 3-30).Figure 3-29: Energy demand vs. supply in IndiaBillion units9008508007507006506005505008628307897747397466916896666326245915795482004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11Financial yearsEnergy requirementEnergy supplied120

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!