Energy and Power share price target

The Cabinet Committee on Economic Affairs (CCEA) on 17th May 2017 cleared the New Coal Linkage Policy which would provide coal linkages to power plants which lacks fuel supply agreements (FSAs). The new coal linkage policy for power plants will help producers ensure fuel supplies in an organised manner. CCEA has has approved the signing of Fuel Supply Agreement (FSA) with the Letter of Assurance (LoA) holders. Allocation of linkages for power sector shall be based on auction of linkages or through Power Purchase Agreement (PPA) based on competitive bidding of tariffs except for the State and the Central Power Generating companies. The move is likely to benefit...

A year after launch, the Power Ministrys UDAY scheme has covered 17 states, representing ~68% of Indias cumulative Discom debt and ~70% of Indias power consumption footprint. We analysed the 17 MoUs to understand whether Discoms plans to turn profitable by FY20E are feasible.

The past five years have been grueling for electric utilities in India owing to (1) Shortage of domestic coal, (2) Higher international coal prices, (3) Unviable DISCOMs hampering demand growth, (4) Depreciating rupee, (5) Aggressive bidding rendering many PPAs unviable, and (6) Delay in clearances leading to time and cost overruns.

Power: 4QFY16E Results Preview

Our Investor Forum on Renewables featured 9 companies, of which three are listed and six are unlisted. We are buyers on the three listed companies ? Suzlon, Inox Wind and Sanghvi Movers ? that participated in the conference.

We attended ELECRAMA 2016, a world electricity forum at Bangalore, in which more than 10,000 companies (including about 700 Indian manufacturers) participated. The Indian power sector is seeing significant changes, particularly in power transmission and...

ICICI Securities Ltd | Retail Equity Research Kalpataru Power (KPTL) reported disappointing revenue execution trends in Q3FY16 at | 868 crore, down 24.3% YoY. The...