Power Grid Corporation Of India Limited · NSE:POWERGRID

Power Grid Corporation Of India — Q3 FY2017 Earnings Presentation

40 slides from Power Grid Corporation Of India's earnings presentation, Feb 10, 2017

  1. Slide 1: Q3 FY 2016-17 Analyst Meet

    Q3 FY 2016-17 Analyst Meet Mumbai February 10, 2017

  2. 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

  3. Slide 3: Agenda

    Recent Highlights Power Transmission Opportunities in India POWERGRID Today Performance (Q3FY17)  Transmission Performance (Q3FY17)  Consultancy  Telecom XII Plan Performance Investment Outlook 3

  4. Slide 4: Recent Highlights

    recent Highlights

  5. Slide 5: ±800kV HVDC Champa-Kurukshetra Pole-I

    ±800kV HVDC Champa-Kurukshetra Pole-I Power Flow Test Charged – Commissioning targeted in Feb’17  Power Transfer: 3000MW  Between Champa in WR and Kurukshetra in NR  Being implemented in Phases  Phase-I, Pole-I: 1500 MW (~₹ 6,000 crore)  Phase-I, Pole-II: 1500 MW (~₹ 3,200 crore)  Line Length:

  6. Slide 6: -400/+600MVAr SVC - Commissioned at Ludhiana

    -400/+600MVAr SVC - Commissioned at Ludhiana  One of the Largest Range Swing SVCs in the World  Envisaged to improves Power Quality & Grid Stability  Project included a high degree of local engineering & local production (Make-in-India) Thyristor Valves, Protection & Control Systems manufactured

  7. Slide 7: Project Execution

    Project Execution Major Elements Completed since Oct’16 • ER-SR Interconnection • Angul-Srikakulam-Vemagiri • Strengthening in SR • Nagapattinam PS – Salem – Dharmapuri; Tuticorin-Dharmapuri • Strengthening in Western UP • Dehradun-Baghpat-Saharanpur; Dehradun-Roorkee 7

  8. Slide 8: Commissioning/ Capitalization

    Commissioning/ Capitalization Completed/ Commissioned in FY17 (Apr’16-Jan’17)  ~ ₹ 26,700 crore:  Completed (including Champa- Kurukshetra HVDC & TBCB)  ~ ₹ 20,700 crore:  Commissioned/ Capitalized (incl. TBCB) 8

  9. Slide 9: Special Highlight: Market Capitalization crosses ₹1 lakh crore

    Special Highlight POWERGRID Market Capitalization crosses ₹ 1 lakh crore POWERGRID Stock crosses ₹ 200 mark ₹ 200 Snapshot: BSE 01.02.17 9

  10. Slide 10: Power Transmission Opportunities in India

    power lransmission Opportunities in India ONEe | 10

  11. Slide 11: Glimpse of Indian Power System

    Glimpse of Indian Power System Broad Capacity (GW): Parameters Source-wise Segmentation (%) Total Installed Diesel, 1, Capacity 0% Nuclear, 6, ~ 310 GW 2% CAGR (Mar12-Dec16): 9.7% Hydro, 43, 14% Gas, 25, Annual Consumption 8% 1200 BU Wind, 28, Growth: 5.64% (y-o-y) 9% RES, 46, 15% Peak Demand Met: S

  12. Slide 12: Indian Power System - Changing Paradigm

    Indian Power System- Changing Paradigm Renewable: 46 GW CAGR (Mar12-Dec16): 14.1% Wind Solar Total RE Wind Solar Total RE 32.7% 175.0 RE Installed Capacity (GW) RE/Total Installed Capacity (%) 18.7% 100.0 14.1% 12.5% 12.6% 12.9% 12.6% 60.0 11.2% 8.7% 8.5% 8.6% 8.3% 8.9% 42.6 31.7 34.2 25.0 28.1 26.9

  13. Slide 13: Indian Power Sector - Outlook

    Indian Power Sector - Outlook • 24x7 Affordable Power for All by 2019 • Renewable Integration : 175 GW by 2022 • Per Capita Consumption : about 4000 units by 2030; CAGR:10% • Seamless SAARC Power Grid 13

  14. Slide 14: Towards 24x7 Power For All by 2019

    Towards 24x7 Power For All by 2019 One Nation – One Grid – One Price Power Market Bringing Efficiency Into the Sector 20 Dec’16 at 9:45 pm Snapshot 14

  15. Slide 15: National Grid Augmentation

    National Grid Augmentation  Creation of Energy Highways based on envisaged load growth - 11 high capacity corridors - each capacity of about 4000 MW - 3 high capacity HVDC system (6000 MW each)  Wide Area Measurement System (WAMS) - Making Smart Grid 11 nos. High Capacity Transmission Corridors 15

  16. Slide 16: Remedial Measures: Renewable Integration

    Renewable Integration Remedial Challenges Measures • Intermittency • Green Energy Corridors • Variability • Green Energy Corridors-II (Solar Park Integration) • Matching Transmission • Dynamic Compensation Development • Renewable Energy • Load- Generation Management Centres balance • Storage Renewab

  17. Slide 17: Development of Green Energy Corridors

    Development of Green Energy Corridors Green Energy Corridors for Renewables (Inter-State Transmission Systems) 17

  18. Slide 18: Green Energy Corridors-II: Solar Parks Integration

    Green Energy Corridors-II: Solar Parks Integration 34 Solar Parks 20 GW Locations of Ultra Mega  Inter-State transmission Solar parks  13 solar parks  ~ 9,220 MW capacity  Intra-State transmission  21 solar parks  ~ 10,780 MW capacity 18

  19. Slide 19: Dynamic Compensation

    Dynamic Compensation • Maintaining Grid Parameters • Hybrid STATCOMs  14 Nos.  400 – 600 MVAR • SVCs  4 Nos.  500 - 1000 MVAR 19

  20. Slide 20: Renewable Energy Management Center

    Renewable Energy Management Center REMC – Co-located with RLDC/SLDC – RE Forecasting & Scheduling – Real Time tracking of RE Generation 11 no. of REMC : 7 States + 3 Regions + 1 National level 20

  21. Slide 21: SAARC Interconnections

    SAARC Interconnections  Geographically widely spread Indian Grid can facilitate interconnections with Neighboring countries  India can provide a good demand market to harness energy resources of other countries  Optimal utilization of energy resources 21

  22. Slide 22: Sectoral Investment Envisaged (2017-2022)

    Sectoral Investment Envisaged (2017-2022)  Investment Envisaged:  ~ ₹ 2,60,000 cr. (includes ₹ 30,000 crore for investments in Trans. Systems below 220kV levels)  Physical Additions Planned:  106,000 ckm of Transmission lines  292,000 MVA Transformation Capacity  14,000 MW HVDC Bipole line Sou

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  24. Slide 24: POWERGRID Today

    POWERGRID Today  >90% ISTS Transmission Network owned by POWERGRID  POWERGRID’s Transmission Assets:  Trans. Lines: 134,750 ckm 400kV & above: >90%  Sub-stations: 217 Nos. - 280,362 MVA  Availability: 99.76% (Apr16-Dec16)  >45% power generated in India transmitted through POWERGRID  POSOCO, P

  25. Slide 25: Performance in FY17 (Q3 & 9 months): Transmission

    formance in Fy7> °° (03 & 9 months) Transmission ONEe | 25

  26. Slide 26: Performance- Financial (Q3 & 9mths FY17)

    Performance- Financial (Q3 & 9mths FY17) (₹ in crore) Quarter ended Nine Months ended Description 31.12.2015 31.12.2016 % 31.12.2015 31.12.2016 % As per Ind AS As per Ind AS change As per Ind AS As per Ind AS change Revenue - Transmission Charges 5,153 6,336 23% 14,335 18,196 27% - Consultancy Incom

  27. Slide 27: Performance – Financial (Q3 & 9mthsFY17)

    Performance – Financial (Q3 & 9mthsFY17) (₹ in crore) As on 30.09.2016 As on 31.12.2016 As on 31.12.2015 As per Ind AS As per Ind AS As per Ind AS Gross Fixed Assets 1,58,937 1,65,757 1,44,795 Capital Work-in-Progress 46,335 45,991 46,000 Debt 1,12,284 1,15,924 1,05,387 Net Worth 46,391 48,290 42,59

  28. Slide 28: Performance - Financial (Billing & Realization)

    Performance - Financial (Billing & Realization) As on 31.12.2016 ~ ₹ 3,749 crore Total Outstanding (53 days billing#) Transmission Outstanding ~ ₹ 792 crore (beyond 60 days) (11 days billing#) Billed but not outstanding ~ ₹ 2,958 crore (<60 days allowed as per CERC) (42 days billing#) # Avg. Monthly

  29. Slide 29: Performance: Projects- Q3 & 9mths FY17

    Performance: Projects- Q3 & 9mths FY17 Chart Title Till Jan’17 Capitalization ~ ₹ 20,700 cr. (*) 2,462 6,688 6,820 15,970 (Commissioning) Capex 5,585 5,291 5,170 16,046 ~ ₹ 17,908 cr. (*) excluding Champa- Kurukshetra ±800kV HVDC Q1FY17 Q2FY17 Q3FY17 FY16 FY17 (Apr-Dec) (Apr-Dec) Investment Approval

  30. Slide 30: Performance - Physical

    Performance - Physical Apr-Dec16 Targeted for (9mths) Q4FY17 Tr. Line: Tr. Line: ~ 4,650 ckm ~ 4,750 ckm S/S: S/S: 7 Nos.; ~24,000 MVA 7 Nos.; 14,000 MVA Inter-Regional Capacity: Inter-Regional Capacity: 3,600MW 11,400MW 30

  31. Slide 31: Performance- Operations: FY17 (till Dec-16)

    Performance- Operations: FY17 (till Dec-16) 1062 Nos. Trans. Lines: ~ 134,000 ckm Assets (Dec’16) 214 Nos. Sub-stations: ~ 278,860 MVA Performance Availability: Reliability: (Apr-Dec’16) 99.76% 0.57* * Trippings per line 31

  32. Slide 32: Performance (Q3FY17): Consultancy & Telecom

    Performance (Q3FY17) consultancy & Telecon, ONEe | 32

  33. Slide 33: Consultancy – Q3FY17

    Consultancy – Q3FY17 Overall Consultancy Income ↑ 44% (over Q3FY16) Domestic: 8 Nos. (Project Cost: ~ ₹ 1300 crore) New Orders in Q3FY17 International: 3 Nos. (Project Cost: ~USD 3.3 mn) Domestic: 105 Nos. (~₹ 16,700 crore) Assignments in Hand (Dec’16) International: 17 Nos. 33 33

  34. Slide 34: Telecom – Q3FY17

    Telecom – Q3FY17 Increase in Income 26% w.r.t Q3FY16  Infrastructure:  Fiber Optic Network : ~ 36,500km  Points of Presence : 595  Backbone Availability : 100%  Major Projects:  National Knowledge Network (NKN): Project completed & Under Operation  National Optic Fiber Backbone (NOFN): Work i

  35. Slide 35: XII Plan Performance

    Say Plan Performance

  36. Slide 36: XII Plan Performance

    XII Plan Performance Annual Capex Plan Planned Capital Outlay FY12-13: FY13-14: FY14-15: FY15-16: FY16-17: ₹ 110,000 ₹20,037 ₹23,158 ₹ 22,456 ₹ 22,584 ₹22,550 crore cr. cr. cr. cr. cr. (Achieved) (Achieved) (Achieved) (Achieved) [Achieved ₹ 17,908 cr.] ~ ₹ 106,143 crore achieved in XII Plan (Apr12 t

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  38. Slide 38: POWERGRID Outlook (as on Dec’16)

    POWERGRID Outlook (as on Dec’16) Ongoing Projects approx. ₹ 1,10,000 crore New Projects approx. ₹ 13,000 crore TBCB Projects approx. ₹ 16,000 crore (as per Empowered Committee Estimate) Total Works in Hand approx. ₹ 1,39,000 crore 38

  39. Slide 39: Investment Potential

    Investment Potential Inter-State: ₹ 8,697 crore - 7 projects Transmission (TBCB)- ₹ 14,000 crore under various stages of bidding Intra-State: ₹ 5,265 crore - 10 projects in 4 States Railways’ Target to achieve electrification of 90% tracks in next 5 years from current levels (<50%) Thrust of Railway

  40. Slide 40: Thank You

    Lpank Vfou

Power Grid Corporation of India — Q3 FY2017 Earnings Presentation on 6ix