Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — Q1 FY2016 Earnings Presentation
28 slides from Power Grid Corporation Of India's earnings presentation, Aug 11, 2015
Slide 1: Q1 FY 2015-16 Press & Analysts' Meet
Q1 FY 2015-16 Press & Analysts’ Meet Mumbai August 11, 2015
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 3: POWERGRID Today / Agenda
POWERGRID Today Financial Highlights Project Execution Operations Highlights Other Businesses Highlights – Consultancy, Telecom New Initiatives- Updates Investment & Funding Programme 3
Slide 4: Thank You for making POWERGRID
Thank You for making POWERGRID (only Indian Company) ‘One of the Best Three Asian Companies which host most constructive Analyst Days that professionals find most beneficial’ Source: Institutional Investor Award: The 2015 All-Asia Best Analyst Day 4
Slide 5: POWERGRID Today
POWERGRID Today CENTRAL LISTED GOVT. PAYING Market A ‘NAVRATNA’ SHAREHOLDING TRANSMISSION COMPANY DIVIDEND SINCE Capitalization ENTERPRISE UTILITY since 2007 57.90% 1993-94 ₹ 72,248 crore1 Vision World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Markets
Slide 6: Financial Highlights Q1 FY16
Financial Highlights Q1 FY16 (₹ in crore) Year ended Quarter ended Description 31.03.2015 30.06.2014 30.06.2015 Income - Transmission Charges 16521 3816 4541 - Consultancy – Services 381 61 89 -Telecom 275 65 88 - Other Income 603 133 70 Total Income 17780 4075 4788 Operating Expenses (including pri
Slide 7: Financial Highlights Q1FY16
Financial Highlights Q1FY16 (₹ in crore) Description As on 31.03.2015 As on 30.06.2014 As on 30.06.2015 Gross Fixed Assets 118264 101382 122811 Capital Work-in-Progress 56292 53345 56878 Debt 93845 84685 99412 Net Worth 38037 35526 39404 Earning Per Share (₹) 9.52 2.17# 2.61# Book Value per Share (₹
Slide 8: Billing & Realization- Q1FY16
Billing & Realization- Q1FY16 Avg. Monthly Billing: ₹ 1,305 Crore => 2months (60 days) billing = ₹ 2,610 crore Dues as on 31.07.2015 Balance due but not outstanding (<60 days allowed as per CERC) = ₹ 1,809 crore Description ₹ in Crore Outstanding > 60 days 347 Outstanding equivalent to ~8 days billi
Slide 9: Project Execution- Q1FY16
Project Execution- Q1FY16 Capex Capitalization (₹ in crore) (₹ in crore) 22,456 21,760 5,073 5,844 6,412 4,878 2,950 4,547 FY15 Q1FY14 Q1FY15 Q1FY16 FY15 Q1FY14 Q1FY15 Q1FY16 Till Till date ~ Jul’15 ₹ 8,080 ₹7,000 FY16 FY16 crore crore Physical Performance Q1FY16 (Till date) Tr. Line (GW-ckm): 2,209
Slide 10: Project Execution
Project Execution (₹ in crore) 42,337 CWIP 39,882 (Installed) 31,851 21,037 17,701 21,479 13,661 19,115 15,574 16,409 Const. Stores 14,541 & Advances 12,964 FY11 FY12 FY13 FY14 FY15 Q1FY15 10
Slide 11: Interconnections: Projects in FY16
Projects in FY16 Transmission Lines Sub-Stations Inter-Regional Capacity 20,500 GW-ckm 20 Nos. 16,700 MW Major Lines Sub-stations Inter-Regional • Bareilly-Kashipur, Kashipur-Roorkee •Vindhyachal PS • V’chal – Satna, V’chal-Satna (2nd line) •New Melli (GIS) •Champa PS •Barh – Gorakhpur • Meerut – Mo
Slide 12: Operations Highlights – Q1FY16
Operations Highlights – Q1FY16 Assets under Management (as on 30-Jun-2015) 963 Nos. 765kV(*): 19% Lines 117,323 ckm 400kV: 71% (*) ckm incl. HVDC & 765kV chgd at 400kV 196 Nos. 765kV(#): 23% Sub-Stations 237,709 MVA 400kV: 65% (#) S/S incl. HVDC NTAMC Operational 82 nos. S/S - remotely operated 36 n
Slide 13: Grid Management Highlights (POSOCO) – Q1FY16
Grid Management Highlights (POSOCO1)– Q1FY16 24.37 I-R Transfer (BU) 22.24 18.54 Short Term Open Access (Q1FY16) 16.32 13.39 Transactions Energy Transacted • 11,115 Nos. • 22.83 BUs • 25% increase over Q1FY15 • 17% increase over Q1FY15 Q1FY12 Q1FY13 Q1FY14 Q1FY15 Q1FY16 REC Trading: Update (Jun’15)
Slide 14: Consultancy- Q1FY16 Highlights
Consultancy- Q1FY16 Highlights Domestic International Proposals submitted in Q1FY15 • 6 EoIs submitted Q1 Orders: 6 (All Govt.) • Shortlisted in 2 EoIs for submitting proposal • 3 new countries approached • Armenia, Rwanda, Mali ~ 120 Assignments Under execution Under execution (as on Jun-15) Projec
Slide 15: Telecom Highlights – Q1FY16
Telecom Highlights – Q1FY16 12 New Clients Backbone 7 new MPLS Revenue [(Pvt. (8), Availability clients ₹ 88 crore Govt(4)] 100% Notable Projects New Initiative- Peering MPLS NKN* NOFN# with content providers • 15 Clients – both • POWERGRID Scope: • Execution in 4 CPSUs & Pvt. (NTPC, ₹ 900 cr. State
Slide 16: New Initiatives- Updates
New Initiatives- Updates Implementation for Phase-I commenced Parts- A,B,C – Works commenced Green Energy (Inter-State portion: ₹ 13,000 crore) Part-D: Project approval under progress Corridors Green Energy Corridors – II Report submitted to GoI. Under discussion Ultra Mega Implementation commenced
Slide 17: Investment & Funding Programme
Investment & Funding Programme XII Plan Capital Outlay* Annual Capex Plan FY13: FY14: FY15: FY16: ₹110,000 FY17: ₹20,037 cr. ₹22,324 cr. ₹ 22,456 cr. ₹ 22,500 cr. crore ₹22,550 cr. (Achieved) (Achieved) (Achieved) (₹6,412 till Jun-15) *Projects Ongoing Projects; Tariff Based Bidding Projects; Projec
Slide 18: 18
18
Slide 19: ±800kV HVDC Biswanath Chariyali-Agra TL- An Overview
±800kV HVDC Biswanath Chariyali-Agra TL- An Overview World’s longest multi-terminal ±800kV HVDC Power Transfer capacity: 6000 MW Part of NE-N/W Interconnector Project Biswanath Line length of Biswanath Chariyali – Agra Chariyali Agra tr. Line: ~ 1750km 1750 km States covered enroute: Assam
Slide 20: ±800kV HVDC Biswanath Chariyali-Agra TL- An Overview
±800kV HVDC Biswanath Chariyali-Agra TL- An Overview 22 lakh cu.m. Excavation Station Details Converter X- Line length: ~ 1750 Line Details former: 60 1ɸ 2 km winding Xfrmrs - Conductor: ~ 18,000 MVA 22,000 km Capacitor: 7000 (Lapwing) MVAR Insulator Discs: ~ Thyristor Valves: ~ 20 lakh 10,000 20
Slide 21: Development of Vibrant Electricity Market
Development of Vibrant Electricity Market IR Trf (MU) 84368 Optimal Utilization of Resources both Generation & transmission Reduction in per unit energy charges 1015 1992-93 1994-95 1996-97 1998-99 2000-01 2002-03 2004-05 2006-07 2008-09 2010-11 2012-13 2014-15 ~ 8 p.u. STOA (Txn) STOA (Engy, MU
Slide 22: Congestion- Very minimal
Congestion- Very minimal Date: 8-Aug-2015 • Installed Capacity: 275,912 MW • Peak Met: 137,541 MW • Energy Met: 3,128 MU Purchase Bid Sell Bid Market Clearing Cleared Market Clearing Date (MW) (MW) Volume (MW) Volume (MW) Price (₹/MWh) 08-08- Total (MWh) 120552 156326 104619 94452 - 2015 Max (MW) 55
Slide 23: Price – Reason for Energy not transacted
Price – Reason for Energy not transacted Energy Transaction did not take place due to buyers not willing to buy > ~₹3.6-3.8 p.u. Source: IEX 23
Slide 24: Prices of Short Term Transactions
Prices of Short Term Transactions 2014 2015 Source: Monthly Market Monitoring reports of CERC on Short Term Transactions
Slide 25: Present Congestion in ISTS & its progressive removal
Present Congestion in ISTS & its progressive removal Generation addition of Generation delay Generation delay of ~16,300 MW in last 2 years of ~14,000MW ~ 10,000MW NR NER WR ER SR NEW-SR (Present Capacity: 4200MW) Time Addl. Trf. Cumu. Trf. With the Commissioning of Capacity Capacity WR-NR (Present
Slide 26: National Grid – Present and Envisaged
National Grid – Present and Envisaged Existing Present IR Capacity: 47,450 MW Planned IR Capacity by XII Plan end: 72,250 MW Envisaged by Mar’17 NR 17,930MW 16,920MW 2,860MW NER 8,720MW 15,830MW 10,690MW WR ER 12,790MW 5,720MW 3,630MW 7,920 MW 7,830MW SR Picture does not include various 132kV lines
Slide 27: Present Congestion: Market Forces
Present Congestion: Market Forces Skewed Power Flow due to Market forces CLP Jhajjar (1320MW), Aravali, Jhajjar(1500MW), Dadri (Thermal 1820 MW), Badarpur (705 MW), Kayankulam in Kerala, Gas projects etc. - Not in operation due on price considerations Congestion is dynamic and is a market phenomenon
Slide 28: Comparison of MCV and UMCV (2014 vs 2015)
Comparison of MCV and UMCV (2014 vs 2015) 28
Power Grid Corporation of India — Q1 FY2016 Earnings Presentation on 6ix