September 10, 2013

India Bulls Power-View



  •  Plan
Developing 5,400 MW across India.Financial closure achieved for entire 5,400 MW.
  • Execution 
US $6.1 billion capex over next 4 years for 5,400 MW. Phase I (2,700 MW) – construction
in full swing (~5,000 workers on site)
  • No External Risk/No Quality Risk
As work given to reputed contractors/suppliers. Indiabulls Power is largest private sector
client of BHEL
  • Results
Annual run-rate 20 billion units of electricity generation to be achieved by March 13 and 40
billion units of annual run-rate to be achieved by March 14

Delivery – First unit to be commissioned by June 2013
  • Tariffs1200 MW already tied up on a long term 25 year Power Purchase Agreement with Maharashtra State utility at Rs 3.26/unit. Another 950 MW from Nashik plant approved by MSEDCL at Rs. 3.42/unit.
  • Cash flowsAssuming Rs 1/unit margin (difference between sales price and cost of generation), cash generation from average of 25 billion units produced in FY 13-14 would be US$ 600 million by March-2014.
Deal with BEST to sell 300 MW of power for 25 years

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