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Power Mech gets orders “Over €1,034 crore from Adani Group, others Group is of 2608 rote, it sad ‘Mech Projects (Power said. : A pieeteorad ope en ceo hhag bagged three Sone fr seing up of « ‘workshop at Seer oar pce Spiga Eig =| core ne his project has been | Tha fling the awarded "o, Power Meck “aks, soit vente com corder/letters of award penn | (OK) worth 8.03413 cre. fade Pehate The third. project of providing | | Asservice order for execs | ghtowating fe gs Pup ore proving | sitom the Adan Group ris and maint. | thermal powerplants located at vices at Dangote | Matin adhya Pradesh), Petroleum ‘Refiaere sou | Cited Stat agate Pr ab avast sfear ferfeies THDC INDIA LIMITED fra : 27/2 ]2022war va Avast diem faites THDC INDIA LIMITED BUSINES Stemdard gaa. 27/12/2022 Multi-pronged policy support gives green signal to renewable ‘Therenewableenergy(RE)sectorhas yeceivedtallwind from ndia'srenewed {international commitments underits ‘Nationally Determined Contribution (DO)targtsthis year, whichreflectthe ‘ountry’sdeterminationtogocieanand ‘een, andsourceas much ass0 percent rpidiyfrom19 percentand _38percent,respectively.in FYI7supportedbyan Policy supporthasbeena ‘ey driverforenabling ‘gowthandhasconstantyevolvedand adapted othechangingrequirements ‘and dynamicsofthe powersector. or} tential yeas from 2012102017 wereaimedatincentvising Jowerosts/pricingofthesegment via ‘eed-intaifis drectsubsidiesinthe formof viability gap funding, and ‘operational suppor through payment security mechanismsinitiatedbynodal sgencies. ‘Withtartssucoessvelyreadhingnew lowsinthesolarseamentin isei2018, |_ subsidy enablers were discontinued, and | hegpremmentshiteditsfocusto | esouroebotlenecs, Thishas | Eiccedtotegovernmentfocusingon + solarparkdevelopment(34Gwapproved ‘sofDecember202H grdinfastctare |B rclean energy integration | (Greentnergy Cordon andtberoohop projects round-the-clockofferings, nd Drofecsthat guarantee supply daring ‘eakpowerdemand. CRISTLexpectssuchtenderstoform ‘almost10 per centofthesolar tity base bbyfiscal2027,consideringcurrent | pipelines. Thesemodels, coupled with ssandalonestorageprojectsbeing | developedty nodal agenciesand Solar power expected civ renewal Sue nae Seng or tienestonade | Sr mmin ' et: ay ata asthe humbas oveben cunset™ riate-sectordevlopes.wilhelp | slmast20percentofthetotal duestoal Integraterenewablesiniargecapactes_typesafpower generatos[SOUrO= intothepowersystem. ‘PRAAPTI) Thishasstartedtocomedoyn Aaieerecorgaiicer yack’ | geasaly ventory indicatesthepowersupplybufferover | discomstopayoffpending receivables Peakdemandrequrementsshowsthat | undertheduesonsedingalment 1S20GWetoragewouldbenecessaryby scheme, coupled withreform targets | iscal2007tobalancethecurrent | alignedtothetstlllon distribution expectedadditionsofi00-1I0GWot | reformpackagelaunchein2022. | enewablesbetweentiscals2023and | Thesepolleyenablers,coupled with | 2022Thisissupportedfurherbythe | sustainedeliminationofresource | governmentsfocusonreformsinstate bottlenecks JSTSconnectvitytargeted | Powerdistibutionutilties,which, | schemes, slarparcsexpansionofthe | thoughaseparatesegmentofpoweris | Green Energy orrdorscheme) provide {mpactfulintermsofrevenuegeneration comfortonrenewableenergy adoption forpowergenerators. ‘overthenext decade tl fscal2030. ‘AccordingtothedatareleasedforJuly | CRISILMIamp:A Research expects 2om,duestoREgeneratorscomprised _220-230GWofrenewable(soar, wind, (Bh Weheesen so yin RE deployment this year, mostly through completion of projets stalled during ovid. However, new deployments are acingthe headwinds of significant module and WTS price increases due tothe global supply-chain isis an the imposition oftarffand non-tariff barriers ik BCD and ALMM bythe govemment. Theindustry expects more darty on the structure and operat Carbon Emissions Trading Mechanism, which cou impetusto decarbonisingindustries Srivatsan lyer, CEO, Hero Future Energies ‘andotherrenewables)andaround240- | increased oGWoltaalnontosifuccapacy | envionment ‘additionstill2030,supportedby storage | supportvefor ‘capacity ofS5-6OGW-Thiswouldtake | recentannout ‘theshareofnonfossilsio45-S0percent | increasedcap JnenergyandS6-60 percentincapacity, .| furtherdomes ‘terms(includingstorage).nearingthe Cash flows NDCtargetsbytheendofthedecade. | expectedtor Apartirompolicythesectorwillneed | ofstuckrecel tobesupportedbycontinuedinvestor | following Liq Interest lowcostofeapital,andsupply | (LPS) adopt chalneffclenciestoensuresustained | releaseover& ‘momentum. | crorefertopt ‘Thecreditoutlookontherenewables developers sectorisexpectedtoremain'stable’ respectively bbackedbyconduciveregularory: expected toi environment, expectedrelease of ‘operational receivablesfromstatediscomsand —_|_players.Hara Va sorhas |. subsidyenaberswerediscontinued, nd renewed thegovernmentshifteditsfocusto nderits _removingresourcebottlenecks. hishas ution _sinceledtothegovernmentfocusingon reflectthe _ solarparkdevelopment(34Gw: dleanand _asofDecember 202), gridinfratructare percent planningforcleanenergyintegration elsby2080. | (GreenEnergy Cortidor andthereoftop insources | segment, throughrenevedpliciesfor ‘Thishelped accelerate ‘ditions post 2017, with per ‘centofthesiGwadded between FVIBandF¥22, desptethe pandemic in 2021, ‘Thefocus currently son censuringholistcintegration dofrenewablesintothe power system, bybalancingthe ‘ntermittencyinherentin renewables withstorageand adequate gridcapaciy, ‘coupledwithenabling relativelyscalableclean vedand | sourcessuchashydre. rements | This isevident fromthe increased or. | tenderingofnew operational structures earsffom | suchasmixed-resourcerenewable stivising | projects round-the-clockoferings, and nentvia | projects that guarantee supply during inthe | peakpowerdemand. nd _, CRISTL expects such tenderstoform ayment “almost 10percentofthesolaruiity’base ibynodal | byfiscal2077.consderingcurrent © plpelines. hesemodels, coupled with shingnew__ Sandalonestrgepojesting developedby nodalagenciesand Ge Soadeht sen Bes THDC INDIA LIMITED BUSINESS -Sfemdard - ronged policy support gives greensignal to renewable Solar power expected to drive renewable ‘energy overthenext decade | CLEAN POWER . Installed base (Gn) ‘sSolr mWind smother RE ror PRO Fro Frmo Fama A PRO PROT PoP private-sectordevelopers,willhelp |) almost20perentofthetotalduestoall Integraterenewablesinlargecapacties _typesof power generators|Source: ntothepowersystem, | PRAAPTI| Thishasstartedtocomedovat ‘Thereservemarginindicatorwhich | gradually withthecestrepushing | * {indicatesthepowersupplybufferover _discomstopayoffpendingreceivables peakdeniandrequirementsshowsthat _undertheduet-based instalment, | 1520GWstoragewouldbenecessaryby scheme,coupledwithreformuagets | {scal2027 tobalanoethecurrent alignedtothet3triliondistibution expectedadditionsofi00-10GWof _-_reformpackagelaunchedin 2022 renewablesbetweenfiscals2023and . Thesepolieyenablers coupled with 2077-Thisissupportedfurtherbythe sustained elimination ofresource government’sfocusonreformsinstate bottlenecks ISTS connectivity | ower distribution utlities, which, schemes, solarparks expansionofthe | thoughaseparatesegmentofpower, is GreenEnergyCorridorscheme), provide Iimpactfulintermsofrevenuegeneration _comforton renewable energy adoption forpower generators. loverthenext decade tilfscal2030. ‘AccordingtothedatareleasedforJuly | CRISILM&: Research 202, duestoREgeneratorscomprised | 220-230GWofrenewable(soler, wind, Fear theshareofnon-fossisto45-50percent ‘nenergyands8-60 percentincapacity. | terms(Includingstorage).nearingthe | NDCtargetsbythe endofthedecade. tobesupportedbycontinuedinvestor intrest, ow costo capital, and supply chainefficenciestoensuresustained ‘Thecteditoutlookontherenewables sectorisexpectedtoremain stable’ respectively. Accrual generation isalso| Dackedbyeonduciveregulatory expected toinerease with highe. environment, expectedreleaseof ‘operational potfoliobase ofthese receivables romstatediscomsand players. 5: 27/2[2022 ame. ‘We have seen significantrecovery in RE @ deployment this year, mostly through completion of projects stalled during Covi However, new deployments arefacingthe headwinds of significant module and WTS price increases due tothe global supply-chain crisis and ‘the imposition of tariff and non-tariff barriers like BCDand ALMM bythe government. The industry ‘expects more darity onthe structure and operationalisation of the ‘Garon Emissions Trading Mechanism, which could provide additional impetustodecarbonsingindusties Srivatsan lyer, CE0, Hero Future Energies ‘andotherrenewables)andaround240- | increased capacitybase. Regulatory 20GWottotalnon-fosslfuelcapacity | envizonmentisexpeccedtobereasonably] ‘ditionstl12000,supportedbystorsge | supportveforthesectorssseen from ‘apactyof55-60GW.Thiswouldtake | recentannouncementsaround Dnurtomyolcytesecorwinced | ‘oligarch LPS adopt, tip iexpeteo, ‘seseonertzd00eorean 2300 Cruefortopleadingrenevable Atvlopersin Yasand FY,