Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Investor Presentation (March 2010)
39 slides from Tata Power's investor presentation, March 2010
Slide 1: The Tata Power Company Ltd Analyst Presentation Meet
Presentation Title The Tata Power Company Ltd Analyst Presentation Meet Subtitle March 2010 1
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited’s general business plans and strategy, its future outlook and growth prospects, and future d
Slide 3: Agenda
Agenda Part A: Overview of Tata Power Part B: Projects Under Implementation Part C: Generation Outlook Part D: Renewable Thrust Part E: Other Opportunities Part F: Growth Intent 3
Slide 4: Part A: Overview of Tata Power
Part A: Overview of Tata Power
Slide 5: Tata Power Group – Major Investments
Tata Power Group – Major Investments Tata Power Subsidiaries Joint Ventures Investments & Associates Coastal Gujarat Power TECHNOLOGY 100% 30% KPC Ltd. (Mundra UMPP) Trust Energy Resources 5% Exergen 100% 30% Arutmin Pte. Ltd 10% Geodynamics Maithon Power Ltd. 30% Indocoal 74% 40% Tubed Coal 74% Ind
Slide 6: Existing Presence
Existing Presence Mumbai 2027 MW Other Projects: 1. Indonesian Coal Mines: 30% stake Mumbai License Area 2. Australia: Geodynamics, 10% stake Generation 3. Australia: Exergen, 5% stake Thermal 1480 MW Powerlinks NDPL Hydro 447 MW Distribution Transmission Gujarat 50 MW Jojobera 428 MW Jamshedpur (IE
Slide 7: Current Operations – Key Updates
Current Operations – Key Updates Area of Operation Capacity Remarks / Updates Generation Mumbai 1927 MW • MYT for 5-yr control period proposed from FY12 - FY17 (150 MW Standby) • 1527 MW contracted to BEST (1000MW) and TPC-D (527MW) • 400 MW available for sale from April 1, 2010 Captive 548 MW • Add
Slide 8: Scenario Post April 1, 2010
Scenario Post April 1, 2010 Licensee Before April 1, 2010 Post April 1, 2010 Unit 4 Allocation1 BEST 900 1000 68 TPC – D 527 527 40 R Infra 500 - - Trading2 - 400 42 Total 1927 1927 150 1. Unit 4 on standby; allocation post April 1, 2010 2. Traded through Tata Power Trading • 160 MW (out of 400 MW)
Slide 9: Our Customer Growth and Capex in Mumbai
Our Customer Growth and Capex in Mumbai Customer Base (Lakhs) Energy (BU) and Peak Demand (MW) Regular Changeover 4.2 ~800MW 3.4 ~4.0 ~570MW 2.5 ~2.5 0.8 FY10 FY11 FY12 FY13 FY10 FY11 FY12 FY13 Capex (Rs. Cr) FY11 FY12 FY13 Generation 361 336 327 T&D 887 1109 709 9
Slide 10: Customer Focus
Customer Focus Bill payment Kiosk Tata Power Customer Care Center started at Borivli. GIS used for quick & efficient planning for our new connection Power Supply. 10
Slide 11: The Change Over Process
The Change Over Process Fill up the Application form up and submit to any of the Tata Power Centers The application form to be accompanied by: Proof of Ownership Proof of Identity Photocopy of latest paid R-Infra energy bill Fees and Charges: Application Registration & Processing fees I Phase
Slide 12: The Indonesian Coal Mines
The Indonesian Coal Mines The coal mines continue to be profitable and a viable proposition in the long term We expect the sales volume and realizations to remain firm in the backdrop of the recent strengthening of coal prices compared to the low levels seen earlier this year Going forward, we
Slide 13: Part B: Projects Under Implementation
Part B: Projects Under Implementation
Slide 14: Mundra UMPP
Current Status • Overall 49% work completed; 10,500 people on site Construction • Unit 1: TG and Auxiliaries received on site; TG Stator placed on TG Deck Activities • Unit 2: TG deck has been cast • Unit 3, 4, 5: Progress on track • All packages have been issued to bidders and over 92% of hard cost
Slide 15: Maithon
Overall Progress Over 76% of work completed Construction DM water plant commissioned Activity Boiler for Unit 1 getting ready for hydro test 100% of coal source identified, Fuel Sales Agreement is under finalization In-principle approval of the DPR received from Railways; railway land acqu
Slide 16: Captive Coal Blocks
Captive Coal Blocks Mandakini Coal Block • 7.5 MTPA (jointly allotted with Jindal Photo Film and Monnet Ispat & Energy - each JV Partner having a share of 2.5 MTPA) at Dist. Angul, Orissa • Mining plan approved by MoC • Public hearing completed; Land acquisition expected to complete by Q2 FY 12 • En
Slide 17: Generation Capacity (Tata Power Group)
Generation Capacity (Tata Power Group) Excludes Projects Under Planning 10000 8242 Added in the Year 2400 8000 Total Capacity at Year End 5842 6000 1600 Capacity 4242 Mundra 2400 1138 4000 3104 2786 Mundra 1600 318 421 Maithon 1050 Unit5 120 2000 Wind 88 2365 Unit 8 250 PH6 120 Wind 81 Wind 48 Haldi
Slide 18: Generation Capacity by Business Models
Generation Capacity by Business Models Business Capacity (MW) Capacity (MW) Our Projects Model Today FY13 E Regulated Mumbai, Maithon, 2122 2873 - 3073 Wind Captive Power Jamshedpur (PH6), 548 668 Plant Jojobera Merchant Haldia, Unit 8, 200 200 - 400 Mumbai Case 1 Haldia (MoU) 20 20 (For Supply) Cas
Slide 19: Funding Position till March 2012
Funding Position till March 2012 Own Funds Debt (Rs.5,500 Crores) (Rs.18,100 Crores) • Internal accruals: Rs.2800 Crores • Domestic loans through domestic • GDR proceeds: Rs. 1600 Crores financial institutions, banks and • FCCB proceeds: $ 300 mn capital markets (equivalent to Rs. 1400 Crores) • For
Slide 20: Part C: Generation Outlook
Id TATA Part C: Generation Outlook Lighting up Lives! aye *
Slide 21: Capacity (GW) Requirement - India
Capacity (GW) Requirement - India Efficiency Assumptions With no reduction in PLF - 70% in 2009 to 75% in T&D losses 2017 Increase in capacity from the current 28% reqd. to meet the T&D loss - 28% in 2009 to demand 18% in 2017 Due to GDP growth @ 8% Unmet capacity 143 requirement GW 350 24 313 (14%
Slide 22: Capacity (GW) Requirement - India
Capacity (GW) Requirement - India (25% % of reqd.) 300 (8.5 % of reqd.) 40 77 18 1 200 313 273 100 211 193 212 236 0 Installed Capacity Base Case - Likely Aggressive Case - Installed Capacity Base Case - Likely Aggressive Case - Req. to meet base Capacity Available to Likely Capacity Req. to meet Pe
Slide 23: Key Challenges Remain
Key Challenges Remain Land acquisition will remain a key challenge to overcome We look at land acquisition with a view to enhance the community Our principles of engagement also help avoid / minimize the challenge Land of using Acquisition Agricultural land Land for dwelling Forest land
Slide 24: Domestic Coal Requirement
Domestic Coal Requirement 780 Import requirement 730 could go 680 from 50 MT to 160 MT 620 496 430 FY07 FY08 FY09 FY10 FY11 FY12 Demand CIL Low Production Aggressive Demand CIL Plan • Difficulties of access to captive coal blocks remain a concern • Wide range of coal import need can impact both impo
Slide 25: Other Fuels – Gas, Hydro, Nuclear
Other Fuels – Gas, Hydro, Nuclear Gas will remain a supply side story in the near future We will commit to gas based generation based on firm allocation Gas We are increasing the use of RLNG in Trombay Our focus on production gas based plants will continue We expect ~10% of our generation
Slide 26: Part D: Renewable Thrust
Id TATA Part D: Renewable Thrust Lighting up Lives! ye *
Slide 27: The Renewable Imperative
The Renewable Imperative NASA, IPCC and many other organizations are This is leading to regulatory interventions like now advocating 350 ppm as the safe level carbon tax and Renewable purchase given the current data on global warming obligations India currently 5 UK by 2015 15.4 Australia by 2017 20
Slide 28: Focus on Cleaner Energy
Focus on Cleaner Energy • Wind: Exploring newer technologies and development options • Solar: National Solar Mission Opportunity • Geothermal: Opportunities in Australia, Indonesia and India • Hydro Power: Identification and development of hydro projects • 26% stake in Dagachhu Hydro Project in Bhut
Slide 29: Renewable sources have huge potential
Renewable sources have huge potential Energy resources of the World Technically accessible today We plan to focus on the Top 3 technologies 29
Slide 30: Renewable Potential in India
Renewable Potential in India Capacity in GW Solar Wind Small Hydros Bio-mass Potential 20 48.5 15 16 Installed 0.14 10.6 2.5 1.9 Under Development 0.5 10 0.5 3.1 … We believe Geothermal will also emerge as a viable technology in India Source: MNRE 30
Slide 31: The National Solar Mission
The National Solar Mission TARGET Grid-parity for solar power by 2022, and coal-based parity by 2030 ROADMAP Installed Capacity Phase I Phase II Phase III (in MW) 2009 - 2013 2013 - 2017 2017 - 2022 Grid-connected 1000 - 2000 4000 – 10,000 20,000 Off-grid 200 1000 2000 POLICY INCENTIVES - HIGHLIGHTS
Slide 32: Our Thrust Areas
Our Thrust Areas Leading private utility with 200 MW of installed wind capacity India’s first 2 MW turbine installed at Visapur Wind Plans to add 500 MW over the next 3 years We aspire to have a 2 GW installed wind capacity by 2017 Huge boost with MNRE’s Jawaharlal Nehru National Solar Mis
Slide 33: Part E: Other Opportunities
Id TATA Part E: Other Opportunities Lighting up Lives! aye *
Slide 34: Conventional
Conventional Upcoming UMPP bids – Chattisgarh & Orissa Thermal PPP opportunities with NMDC, MCL, GMDC and CIL Generation Upcoming bid for domestic captive coal mines (end use - power generation) HP – Rebid for Hydro Projects Hydro Generation Exploring opportunities in Himalayas such as Nep
Slide 35: Renewables
Renewables All India expected capacity addition of about 2000 MW in next 2 years Wind In addition to planned additions, exploring potential 350 MW projects in wind across Maharashtra, Tamil Nadu and Rajasthan 3 MW grid connected pilot plant at Mulshi in progress Solar Opportunity of 300 MW b
Slide 36: Part F: Growth Intent
Id TATA Part F: Growth Intent Lighting up Lives!
Slide 37: Our Growth Intent
Our Growth Intent Installed Capacity (MW) 9x 25000 Renewable 13% Hydro10% 3x PG 4% Fuel Mix LNG/Natl Gas 8242 7% 3x Coal + Oil 66% 2786 2007 2013E 2017E 37
Slide 38: Projects in Pipeline
Projects in Pipeline Generation Project Fuel Source Capacity (MW) Corus (Tata Steel) Production Gases (Corus) 525 Coastal Maharashtra (Dehrand) Imported Coal 1600 + 800 Naraj Marthapur IPP Captive Coal - Mandakini 1200 Captive Coal – Tubed + Tiruldih IPP / CPP 1200 Coal from Tata Steel Tama Koshi, N
Slide 39: Thank you
kd TATA Thank you We take pride in Lighting up Lives! Lighting up Lives! TATA POWER :; 3K
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