India Power — Corporate Update (September 2013)

6 slides from India Power's corporate update, September 2013

Slide 1: India Power Corporation Ltd. Gaya Distribution Franchisee
India Power Corporation Ltd. Gaya Distribution Franchisee DPSC
Slide 2: Background
Background • South Bihar Power Distribution Company Limited (SBPDCL) issued Request for Proposal (RFP) for Appointment of Distribution Franchisee for Gaya Town and adjoining Areas on 8th April 2013; • M/s DPSC Ltd submitted its Bid before the due date of 18th May 2013; • Following Bidders submitted
Slide 3: About Gaya Franchisee area
About Gaya Franchisee area • Gaya Franchisee area includes: Gaya (Urban) • Largely Urban Division Bodh Gaya Sub- • Majorly Urban division & Commercial Manpur Sub- • Predominantly division Rural • Area of supply includes Bodhgaya – hub for Buddhist Pilgrimage • Catering electricity needs of ~ One Lak
Slide 4: How does a Franchisee Work?
How does a Franchisee Work? • 7th proviso to Section 14 of the Electricity Act, 2003 - allows any person to undertake the distribution of electricity for a specified area on behalf of the Distribution Licensee without obtaining separate license; • Business Model for Distribution Franchisee: Identifi
Slide 5: Way Forward
Way Forward… • Entering into Distribution Franchisee Agreement after payment of necessary collateral instruments (Letter of Credit, Bank Guarantees etc.) – expected by 3rd Week of Sept 2013; • Expected TakeOver Date- end of 2013 5
Slide 6: ae
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