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Sankaran Subramaniam's picture
Renewables evangelist Self employed

Experienced in Power sector with special focus on Renewables & Storage .  Share the sustainability story and be inspired

  • Member since 2019
  • 9 items added with 2,956 views
  • Sep 3, 2020

The power market has remained largely unsophisticated,driven by pure volumes in the absence of ancillary services. The renewables have acquired sizable presence to disrupt the markets. The thermal power plants have not developed the capabilities as yet for flexible operation.

The power companies are thus looking at 

a)decreasing revenues with cheaper options of renewables to customers

b) increasing costs to support flexible operations and ageing assets 

c) absence of long term lending for capital expenditure 

d) high cost of short term and working capital financing needs

Sankaran Subramaniam's picture
Thank Sankaran for the Post!
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Matt Chester's picture
Matt Chester on Sep 3, 2020

The return of power companies on total capital is expected to be high as the assets age and debt is retired. However for Indian power companies the return remains low.

Is there indication of that trend reversing for Indian power companies in the near-term future?

Sankaran Subramaniam's picture
Sankaran Subramaniam on Sep 3, 2020

Not yet. The capital requirements continue to be high for these large power companies and their access to capital is constrained. The consumer is unwilling to pay. The market is asking for more renewables instead

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