1. Ministry of New and Renewable Energy Government of India
First Renewable Energy Global Investment Promotion Meet & Expo, New Delhi, India (RE-INVEST )
Ministry of New and Renewable Energy
Government of India
15th-17th February 2015

2. Salient features of the Indian Economy - 2013
GDP Composition by Industry
Largest Democracy
Population of 1.24 bn.*
GDP:
USD 1, bn.**
Ranked 10th globally
Growth rate of 5%
A per capita GNI of USD 1,571
Ranked 3rd globally in terms of PPP*
A liberal foreign investment regime
FDI of USD bn. in 2013
Abundance of natural resources, a rich mineral base & self-sufficiency in agriculture
Fifth highest investment in infrastructure projects in energy that have reached financial closure and serve the public
Sources:
*Source: **Source:

3. Indian energy scenario
Indian Power Sector
Power Installed Capacity = GW
As of 31st August 2014
Thermal
176,118.6 MW
Hydro
40,798.8 MW
Nuclear
4,780 MW
Renewable
32,307.71
Total
254,005.1 MW
Indian energy scenario
India’s energy usage has been rapidly increasing as a result of economic growth in the last decade and the large population;
Per capita consumption of electricity in India (2.02kWh) is very low compared to Canada (51.5kWh), USA (39.25kWh) and other developed countries.
India is one of the major coal importing nations in the world
More than 25% of primary energy needs being met by imports mainly in the form of crude oil and gas
India is endowed with vast renewable energy resources including wind, solar, biomass and small hydro.
India needs to develop the available renewable energy to meet its growing power needs and ensure energy security

4. Renewable Power Capacity4
Renewable Power Capacity
Power Installed Capacity = GW
As of 31st August, 2014
Wind
21, MW
Small Hydro
3, MW
Solar
2,743 MW
Biomass
4, MW
Total
32,307.71
Renewable Power Projects Potential
Resource
Potential (MW)
Cumulative achievement
Wind
49,500(50m hub height)
102,800(80m hub height)
21,692.98
Small Hydro(up to 25MW)
19,700
3,826.18
Biomass including bagasse cogeneration
22,500
4,045.55
Solar
50MWp/km2
2,743MW

5. India’s Energy Challenge
In next 12 years India’s electricity requirement to grow 2.5 times
Peak shortage of 2% and energy shortage of 5.1% is expected( ) **
Shortage
Access
Security
Climate Change
Demand
300 Million people did not have access to electricity as per the 2011 census *
Climate Change is also an important issue
A general introduction to Indian Energy Scenario. Self explanatory in nature.
Introduce the viewer to the energy gap prevalent in India, all areas of Shortage, Access, Security, Need for action for Climate Change and also Demand Management
India was dependent on oil imports for 71% of its demand in 2012*
*Source: **Source:

6. Renewable Energy: Historic Trends and Growth Enablers
Power restructuring and national guidelines on tariff, inter-connection and third party sales
Electricity Act 2003
NEP, 2005
SERC to determine preferential tariff
Promote private sector participation in RE
Tariff Policy,2006
Discom shall fix RPO
Discom to procure RE power through competitive bidding
NAPCC guidelines
CERC RE Tariff Regulation and JNNSM guidelines
REC Regulation
JNNSM Phase II guidelines

7. Clean Energy Investment so far…
Clean energy investment, 2013, $billion
Asset
finance
Public
Market
VC/PE
Total
Solar
0.9 -
0.01
1.0
Bio-fuels
0.03
SHP
0.7
Biomass
0.5
0.02
0.6
Wind
3.2
0.1
3.3
Source: Bloomberg Finance Report, 2014
Source: Bloomberg Finance Report, 2014
Indian clean energy market is largely driven by asset-based finance to the extent of 94% of the total investment in the sector.
A variety of investors finance renewable energy projects in India, including institutions, banks, and registered companies
Development Banks-IREDA, continue to represent a key source of funds for RE investments, particularly in project finance , over the medium term.
Institutional investors are either state-owned or bilateral and multilateral institutions
The estimated investment in Indian market will be about 100 billion USD in coming 4 years as per government estimates.

8. 12th Plan Targets (up to March 2017)
Technology
Target*
Investment required
Wind Power Projects
15000 MW
US$15 billion
Small Hydro Projects
2100MW
US$2.1 billion
Biomass based power projects
2700 MW
US$2.7 billion
Grid connected Solar power projects
10000MW
US$12 billion
Off grid solar power projects
1000MW
US$1.8 billion
Aggregate
US$33.6 billion
* These are now being up-scaled to 100GW capacity addition in next five years (about MW every year ) requiring about US$ 20 billion every year excluding power evacuation facility.

9. Renewable Energy Policy Initiatives in India
National Solar Mission
Government specified targets for capacity addition in both grid /off-grid solar
Biggest demand pull program globally
High quantum availability reduces tariff
3 rounds of bidding for solar projects have happened since its inception
Payment security increases investor confidence
Scaling up solar energy
Government to scale up solar through 3 key measures
Large scale deployment of rooftop projects
Increased pace of grid connected projects.
Thrust on large scale projects (100 MW min.)
Government ambitions for 100 GW in 6-8 years
National wind mission & offshore policy (draft)
Defined targets with aggressive frameworks for On/off shore wind; small wind; hybrid and other technologies
Thrust on increased local manufacturing
Resource allocation for faster deployment
Repowering of old wind machines
Single window clearance
Sea Bed Lease Arrangement.
Grid connectivity and evacuation of power
Solar park scheme (draft)
Government support for large scale solar parks
Offer pre-existing infrastructure facilities
Competitive advantage of plugging in projects
SECI is the nodal agency for central support
Biomass & Cogeneration
Specified targets to be achieved within a time frame
Support for fuel security
Robust mechanism to define fuel prices
Command area specifying a minimum radius for every power plant
Industrial cogeneration has high potential and is relatively untapped on an organized scale
Strengthening of transmission infrastructure
Development of network specifically for wheeling of RE power.
Integration of existing grid with green corridor.
Strengthening of infrastructure will assist developers in accurate forecasting of generation

10. Transmission Infrastructure
Existing evacuation infrastructure is not capable of evacuating proposed capacity additions
A need to integrate of RE based generation to the existing system
Proposed high capacity transmission systems (Green energy corridor)
Green Energy Corridor
Will evacuate renewable power from RE rich states to load centres
Make pockets of RE generation grid interactive
Reduce evacuation losses
Foster reliable forecasting of renewable energy based generation
Allow Grid scale energy storage & its management
Require a capital outlay of around INR 425 billion(USD billion)

11. Tax & Regulatory Incentives
Details
Income tax Holiday
100% for 10 consecutive years - 20% to apply
Accelerated depreciation
Accelerated 80% on solar assets
Additional 20% on new plant/machinery in the 1st year
Deemed export benefits
Available to specified goods manufactured and not actually exported
Advance authorization from Directorate General of Foreign Trade
Deemed export drawbacks
Exemption/return of Terminal Excise Duty
Service tax based on negative list
Certain services are exempted from service tax
Services of transmission or distribution of electricity by an electricity utility
Customs and Excise Laws
Various duty concessions and exemptions to RE Sector
Reduced VAT
Certain States allow reduced VAT rates (5%) on RE projects
Additional one-time allowance
in Budget 2014 on new plant and machinery
Tax-free Grants
Grants received from the holding company engaged in generation, distribution or transmission of power

12. Non-Tax Incentives Incentive Details Feed-in-tariffs
When renewable generators sell to state utilities under the MoU route
Rates decided by the CERC and the SERC
Rebates
Available on the manufacturing of solar and wind components
Targeted at specific types of renewable energy technology
Include subsidies and rebates on capital expenditures
Favourable land policies
By various state governments for renewable development
Reduce capital costs and favour ease of land allocation
Government R&D programmes
Improve renewable energy technologies
Lead to growing performance, importance and reducing costs

13. FDI: Foreign Direct Investment
Foreign Investment
FDI: Foreign Direct Investment
100% FDI under the Automatic Route
Does not require approval from the Government of India
The Indian Company receiving FDI is required to:
Report to the Reserve Bank of India the receipt of FDI within 30 days
File form FC-GPR within 30 days of issue of shares
Shares are issued to the Investor within 180 days of receipt of FDI
Financial and fiscal advantages, such as preferential tariff or payment security mechanism
Government encourages transfer of foreign technology
JV: Joint Venture
Automatic approval for up to 74% foreign equity participation in a JV
Liberalized foreign investment approval regime
100% foreign investment as equity is permissible with the approval of Foreign Investment Promotion Board (FIPB)
Various chambers of commerce and industry associations in India provide guidance to investors in finding appropriate Partners
Investors can set up a liaison office in India
Foreign Investors are encouraged to set up RE-based power generation projects on build-own-operate basis

14. Making India the New Investment Destination for Renewable Energy
A Government of India Initiative

15. The Event
Encourage ‘Make in India’ – for manufacturing and generating energy
Central theme - to attract large scale investments for renewable energy sector in India
First major event for investment promotion in RE sector by Government of India, with active participation from the States
Provide a platform to global investment community to connect with stakeholders in RE sector in India: central and state government officials of India, leading business leaders and top executives from the industry, academics and experts from around the world

16. Objectives
To project India as an attractive investment destination for RE
To bring foreign investment to new areas of RE such as small hydro, offshore wind, hydrogen, bio-fuels and geothermal while further strengthening solar and wind energy sectors
To demonstrate India’s commitment towards development and up-scaling of RE to meet its energy requirement while taking care of the environment

17. Conference Plenary session: Technical & breakout sessions
Inauguration by Hon’ble Prime Minister of India
Addresses by high level national and international dignitaries
Technical & breakout sessions
Policy sessions by central and state governments
Pre-arranged one-to-one business meetings
Working panels and networking opportunities

18. Exhibition Trade show with 300 – 350 companies Showcase of:
Manufacturing capabilities
Latest technologies
Innovative financing options
Investment opportunities
Representation from domestic and international manufacturers, project developers, investors, service providers

19. Agenda Interactions on key drivers of RE production and use including:
Grid interactive renewable power
Policy and technical issues
Decentralized and distributed RE generation
Up-scaling global effort for technology development and transfer
Financing and investment
Sector-specific granulated discussions on policies, incentives, compliance norms, timelines and other practical requirements
(contd…)

20. Agenda Current investment landscape from different perspectives
Status of the RE development, with focus on equity and credit financing, established and emerging commercial technologies, and renewable power generation
Expo to showcase the industry’s manufacturing capabilities and latest technologies to investors

21. Market
Favorable policy frameworks set by central and state governments to facilitate RE projects, such as:
FDI up to 100% permitted in RE generation and distribution projects under the automatic route
Transfer of foreign technologies encouraged
Incentives offered:
Capital subsidies, including for biomass and small hydro projects
Viability Gap Funding (VGF) for solar projects
Preferential tariffs, Feed-in-Tariffs (FiTs)
Generation-based incentives and tax benefits
Payment security mechanisms

22. Participants
Over 200 Indian and international large investors are expected from:
Renewable power project developers and manufacturers
Bilateral and multilateral financial institutions
Indian Banks and non-banking financial companies (NBFCs)
Institutional investment companies
State government departments and renewable energy nodal agencies
Public Sector Units
Utility representatives and equipment suppliers
Other related stakeholders from the renewable energy sector
Over 1,000 delegates expected from across the world

23. Organizers
Ministry of New and Renewable Energy (MNRE), Government of India
The Indian Renewable Energy Development Agency (IREDA)
Confederation of Indian Industry (CII)
Federation of India Chambers of Commerce and Industry (FICCI)
Knowledge Partner: PricewaterhouseCoopers (PwC)
Supported by leading industrial and sector-specific organisations including ASSOCHAM and PHD Chamber of Commerce and Industry
More information:
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Event website:

24. Venue & Registration Rent for exhibitors Bare space :-
Venue:- Ashok Hotel, Niti Marg, Chanakyapuri, New Delhi (India)
Conference Registration Fee:-
Indian Nationals - Rs. 7000/- per delegate
Foreign delegates- US$ 200/- per delegate
Exhibition Registration Fee:-
Rent for exhibitors Bare space :-
Indian Exhibitors Rs.13000/- per sq m % Service Tax
Foreign Exhibitors US $ 300-per sq m % Service Tax
Rent for exhibitors shell space :-
Indian Exhibitors Rs.15000/- per sq m % Service Tax
Foreign Exhibitors US $ 350-per sq m % Service Tax

25. THANK YOU
| Presentation Title | Presenter Name | Date | Subject | Business Use Only