Jaiprakash Power Ventures Limited · NSE:JPPOWER

Jaiprakash Power Ventures — Investor Presentation (January 2011)

39 slides from Jaiprakash Power Ventures's investor presentation, January 2011

  1. Slide 1: Jaiprakash Power Ventures Limited Investor Presentation

    CONFIDENTIAL Jaiprakash Power Ventures Limited Investor Presentation JANUARY 2011 1

  2. Slide 2: Disclaimer

    CONFIDENTIAL Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted in whole or in part, by any medium or in any form for any purpose. The information in this presentation is being provided by the Jaiprakash Power Ventures Limited (the “Com

  3. Slide 3: Overview of Jaypee Group

    CONFIDENTIAL Overview of Jaypee Group 3

  4. Slide 4: Corporate Structure

    CONFIDENTIAL Corporate Structure Jaiprakash Associates Limited (JAL) E&C Cement – 33.25 MTPA Real Estate & Hospitality BOO Power Cement Infrastructure 76.3% Jaiprakash Power Ventures Limited (JPVL) Jaypee Infratech Limited Cement JVs 83.1% 300 MW Baspa – II HEP (In Operation) (Yamuna Expwy) (6.3 MTP

  5. Slide 5: Demonstrated Execution Capability of JAL

    CONFIDENTIAL Demonstrated Execution Capability of JAL – Completed HEPs Generating 8840 MW between 2002-2009 JAL is the leader in the construction of multi-purpose river valley and hydropower projects and has been involved in construction of major engineering projects over the last 4 decades Baghalih

  6. Slide 6: JPVL's Business Overview

    CONFIDENTIAL JPVL’s Business Overview 6

  7. Slide 7: JHPL & erstwhile JPVL Merger

    CONFIDENTIAL JHPL & erstwhile JPVL Merger Pre-Amalgamation Post-Amalgamation Jaiprakash Associates Ltd. Jaiprakash Associates Ltd. 76.3% 63.3% 80.6% Jaiprakash Hydro- Jaiprakash Power Ventures Jaiprakash Power Ventures Ltd. Power Ltd. (JHPL) Ltd. (JPVL) Baspa II – 300 MW Baspa II – 300 MW Vishnupray

  8. Slide 8: Power Business at a Glance

    CONFIDENTIAL Power Business at a Glance Merchant Capacity Regulated VERs/ S.N. Project Fuel Power COD (MW) Tariff (MW) CERs (MW) 1. Baspa-II Hydro 300 300 - 1.00 Mn VERs 2003 2. Vishnuprayag Hydro 400 400 - 1.32 Mn.VERs 2006 3. Karcham Wangtoo Hydro 1,000 800 200 3.35 Mn. CERs* 2011* 4. Bina Power T

  9. Slide 9: Power Capacity in Operation/Under Advanced Stages of Implementation

    CONFIDENTIAL Power Capacity in Operation/ Under Advanced Stages of Implementation S.N. Project Location Capacity (MW) Fuel Financial Closure Current Capacity 1. Baspa-II H.P. 300 Hydro  (Operational) 2. Vishnuprayag U.K. 400 Hydro  (Operational) Cumulative Total 700 By October 2011 3. Karcham Wang

  10. Slide 10: Stages of Power Assets

    CONFIDENTIAL Stages of Power Assets STAGE 9 O&M Baspa, Vishnuprayag STAGE 8 Commissioning STAGE 7 Erection, Testing Karcham Wangtoo STAGE 6 Construction Bina , Nigrie, Bara, Karchana STAGE 5 Project Funding Lower Siang STAGE 4 Design & Engineering STAGE 3 Environment Clearance Lower Siang, Hirong ST

  11. Slide 11: Optimal Hydro – Thermal Mix

    CONFIDENTIAL Optimal Hydro – Thermal Mix Power capacity addition (MW) Largest Private Sector Hydro Power 16,000 generator in the country 13,720 14,000 Hydro projects are glacier fed and not 11,800 12,000 11,300 necessarily dependent on monsoons – generating substantial secondary energy 10,000 7,820

  12. Slide 12: Optimal Off-take Arrangements

    CONFIDENTIAL Optimal Off-take Arrangements Merchant vs. PPA Merchant Power Units (MU)* CY 2012 1,841 63% 61% 74% 76% 84% CY 2013 4,036 100% CY 2014 7,847 37% 39% 16% 26% 24% CY 2015 15,873 CY10 CY12 CY13 CY14 CY16 CY19 PPA Merchant Optimal off-take arrangements to ensure balance between steady locke

  13. Slide 13: Quality Equipment from Reputed Manufacturers

    CONFIDENTIAL Quality Equipment from Reputed Manufacturers S.No Name of Item Country of Origin/Company Baspa-II Hydro 1. Turbine and Generating System VA Tech (Austria), Voith (Germany) 2. GIS Alstom (France) Vishnuprayag Hydro 1. Turbine and Generating System Alstom (France) 2. GIS Alstom (France) K

  14. Slide 14: Summary of Project Status: Hydro

    CONFIDENTIAL Power Business – Summary of Project Status: Hydro Project Land Water Environment DPR/EPC Fuel PPA Equity Clearance Order Investments till date (Rs mn) Baspa II – 300 4,910 MW PROJECT IN OPERATION Vishnuprayag 5,090 – 400MW PROJECT IN OPERATION Karcham 18,900 Wangtoo – 20% 1000 MW   

  15. Slide 15: Summary of Project Status: Thermal

    CONFIDENTIAL Power Business – Summary of Project Status: Thermal Project Land Water Environment DPR/EPC Fuel PPA Equity Clearance Order Investments till Date (Rs mn) GoMP- 5,991 Bina Power – 70% (1) 30 % 1500 MW      Merchant(1) GoMP – 7,950 Nigrie 37.5% Thermal – 50% 1320 MW      Merchant

  16. Slide 16: Summary

    CONFIDENTIAL Summary 16

  17. Slide 17: JPVL – Financial Performance

    CONFIDENTIAL JPVL – Financial Performance Rs mn (US$ mn) Particulars JHPL Erstwhile JPVL (post merger) 300 MW JPVL 700 MW Baspa – II 400 MW Vishnuprayag FY 2009 FY 2009 FY 2010 9M FY 2010 9M FY2011 Revenue 3,179 (68) 4,187 (89) 7,178 (153) 5,333 (113) 6,717 (143) EBIDTA 2,945 (63) 3,790 (81) 6,349 (

  18. Slide 18: Selected financial information

    CONFIDENTIAL Selected financial information Balance Sheet Rs mn (US$ mn) JPVL Particulars JHPL Erstwhile JPVL (post merger) FY 2009 FY 2009 FY 2010 9M FY 2011 Networth 10,752 (229) 10,883 (232) 24,150 (514) 25,632 (545) Secured & 9,113 (194) 11,449 (244) 53,746 (1,144) 65,535 (1,394) Unsecured Debt

  19. Slide 19: Integrated Solution Provider to Control Key Aspects of Project Execution

    CONFIDENTIAL Integrated Solution Provider to Control Key Aspects of Project Execution JAL has the unique ability to undertake the most challenging projects successfully given its abilities as the only Integrated Solution Provider for Hydropower Projects in the country  Expected to derive substantia

  20. Slide 20: Project Details

    CONFIDENTIAL Project Details 20

  21. Slide 21: Baspa-II HEP - 3x100 MW

    CONFIDENTIAL Baspa-II HEP - 3x100 MW Project Detail Description Location & size 300 MW Hydro Power Project in Himachal Pradesh Concession Period 40 + 20 Years Total project cost Rs. 1,667 Crores Means of finance Debt – Rs. 1,089 Crores Equity – Rs. 491 Crores Internal Accruals – Rs. 87 Crores Curren

  22. Slide 22: Vishnuprayag HEP - 4x100 MW

    CONFIDENTIAL Vishnuprayag HEP - 4x100 MW Project Detail Description Location & size 400 MW Hydro Power Project in Uttrakhand Concession Period 30 + 20 Years Total project cost Rs. 1,694 Crores Means of finance Debt – Rs. 1,185 Crores Equity – Rs. 509 Crores Current status In operation since Oct 2006

  23. Slide 23: Karcham Wangtoo HEP - 4x250 MW

    CONFIDENTIAL Karcham Wangtoo HEP - 4x250 MW Project Detail Description Location & size 1,000 MW Hydro Power project in Himachal Pradesh Concession Period 35+20 Years Total project cost Rs. 7,150 Crores Means of finance Debt – Rs. 5,005 Crores Equity – Rs. 2,145 Crores Equity holding JAL – 43.13% JPV

  24. Slide 24: Jaypee Powergrid Limited - 217 KM Power Transmission Project

    CONFIDENTIAL Jaypee Powergrid Limited - 217 KM Power Transmission Project Project Detail Description Location & size 217 km transmission project to evacuate power from 1,000 MW Karcham-Wangtoo project Concession Period Owned Total project cost Rs. 1,000 Crores Means of finance Debt – Rs. 700 Crores

  25. Slide 25: Bina TPP – 1,500 MW

    CONFIDENTIAL Bina TPP – 1,500 MW Project Detail Description Location & size 1500 MW (In 2 phases) Thermal Power Plant in Dist. Bina in Madhya Pradesh, Phase-I consisting of 2x250 MW Concession Period Owned Total project cost Rs. 2,754 Crores for Phase – I Means of finance Debt – Rs. 1,928 Crores (Ph

  26. Slide 26: Nigrie TPP - 2X660 MW

    CONFIDENTIAL Nigrie TPP - 2X660 MW Project Detail Description Location & size 1320 MW super critical technology boiler, pit head based Thermal Power Plant at Dist Sidhi in Madhya Pradesh Coal Blocks Coal from Mines at Amelia (North) & Dongri Tal-II Total project cost Rs. 8,100 Crores Means of financ

  27. Slide 27: Karchana TPP – 3x660 MW

    CONFIDENTIAL Karchana TPP – 3x660 MW Project Detail Description Location & size 1,980 MW super critical technology boiler based Project in Karchana, Allahabad, Uttar Pradesh Concession Period Owned Total project cost Rs. 10,800 Crores Means of finance Debt – Rs. 8,100 Crores Equity – Rs. 2,700 Crore

  28. Slide 28: Bara TPP – 5x660 MW

    CONFIDENTIAL Bara TPP – 5x660 MW Project Detail Description Location & size 3,300 MW (in 2 Phases) super critical technology boiler based Project in Bara, Allahabad, Uttar Pradesh; Phase-I consisting of 3x660 MW Concession Period Owned Total project cost Rs. 10,780 Crores for Phase - I Means of fina

  29. Slide 29: Lower Siang HEP - 2,700 MW

    CONFIDENTIAL Lower Siang HEP - 2,700 MW Project Detail Description Location & size 2,700 MW (in 2 Phases) Hydro Power project in Arunachal Pradesh; Phase-1 consisting of 1500 MW Concession Period 40 Years Total project cost Rs. 19,991 Crores Expected Equity holding JPVL - 89% Government of Arunachal

  30. Slide 30: Hirong HEP - 500 MW

    CONFIDENTIAL Hirong HEP- 500 MW Project Detail Description Location & size 500 MW Hydro Power project in Arunachal Pradesh Lease Period 40 Years Expected Equity holding JPVL – 89% Government of Arunachal Pradesh - 11% Expected commissioning 2018 Offtake arrangement Free Power – 12% (First 10 years)

  31. Slide 31: Kynshi Stage – II HEP - 450 MW

    CONFIDENTIAL Kynshi Stage – II HEP - 450 MW Project Detail Description Location & size 450 MW Hydro Power project in Meghalaya Concession Period 40 Years Expected Equity holding JPVL – 74% Government of Meghalaya - 26% Expected commissioning 2019 Offtake arrangement Free Power – 12% + 1% additional

  32. Slide 32: Umngot Stage – I HEP - 270 MW

    CONFIDENTIAL Umngot Stage – I HEP - 270 MW Project Detail Description Location & size 270 MW Hydro Power project in Meghalaya Concession Period 40 Years Expected Equity holding JPVL – 74% Government of Meghalaya - 26% Expected commissioning 2019 Offtake arrangement Free Power – 12% + 1% additional f

  33. Slide 33: Indian Power Sector

    CONFIDENTIAL Indian Power Sector 33

  34. Slide 34: Capacity addition has underachieved the targets

    CONFIDENTIAL Capacity addition has underachieved the targets Capacity Addition Targets and Achievements Growth Lower than GDP Growth 45 (1,000MW) 120% 12% Installed Capacity Growth (%) 40 96% 100% GDP Growth (%) 9.0% 35 85% 10% 82% 54% 30 72% 80% 8.1% 57% 8% 7.1% 64% 64% 25 52% 48% 60% 6% 50% 20 4.0

  35. Slide 35: Shortage of Power in India

    CONFIDENTIAL Shortage of Power in India Low per capita consumption of Electric energy Electricity demand and supply (KWhr per capita) 800 Energy Requirement Energy Available 774 739 8,795 691 689 700 632 666 Billion Units 591 600 559 624 546 523 579 2,701 2,043 2,227 548 1,841 1,684 500 519 618 478

  36. Slide 36: Indian Power Sector: Driving significant investments

    CONFIDENTIAL Indian Power Sector: Driving significant investments Long-term outlook Installed capacity (GW) required, at 8% GDP growth 11th plan 778 Capacity addition = 78,700MW 575 425 306 220 2012 2017 2022 2027 2032 Source: Government of India Integrated Energy Policy, Report of the Expert Commit

  37. Slide 37: Indian Power Sector – Merchant Power potential

    CONFIDENTIAL Indian Power Sector – Merchant Power potential Trend Towards Rise in Traded Volumes & Tariffs Increasing Volumes of Power Traded1… …Coupled with Rising Merchant Power Prices2 (mm units) (Rs/kwh) 7.31 24,154 20,965 4.51 4.52 15,023 14,188 11,847 3.23 11,029 2.32 FY04 FY05 FY06 FY07 FY08

  38. Slide 38: Increasing Role of Private Sector

    CONFIDENTIAL Increasing Role of Private Sector Jaypee Group Hydro – 1,000 MW contribution JPVL contribution Thermal – 500 MW during 11th plan period- 2,200 MW* 3,491 11,552 90,000 80,000 Public 70,000 Hydro – 700 MW 15,043 Capacity Addition (MW) 60,000 Private 50,000 700 A Actual 40,000 HYDRO 86 63,

  39. Slide 39: Thank You

    CONFIDENTIAL THANK YOU 39

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