Green Energy Corridors- KfW Experience

Transcription

1 Green Energy Corridors- KfW Experience Bangalore, 9 May 2017 Best Practices Study Tour on RE Evacuation and Data Communications Infrastructure Bank aus Verantwortung

2 KfW at a glance Bank aus Verantwortung

3 KfW Group at a glance Domestic promotion International financing We promote Germany We support internationalisation We promote development SMEs Private clients Municipalities Export & project finance Developing & emerging countries Support for the environment and climate protection Financing volume (FV): 47,6 billion (2014, EUR) FV: 16,6 billion FV: 7,4 billion and 1,5 billion 3

4 Worldwide presence 80 representative offices Mexico-City Guatemala-City San Salvador Tegucigalpa Managua Bogotá Quito New York Dakar Bonn Cologne Moscow London Berlin Brussels Kiev Frankfurt Belgrad Mazar-e-Sharif Sarajevo Priština Tiflis Ulan Bator Istanbul Tashkent Podgorica Baku Bishkek Beijing Tirana Ankara Dushanbe Skopje Jerewan Rabat Tunis Al-Bireh Damascus Kabul Amman Islamabad Kathmandu New Delhi Cairo Abu Dhabi Dhaka Vientiane Mumbai Rangoon Bamako Niamey Sanaa Bangkok Hanoi Ouagadougou Phnom Phen Accra Addis Abeba Cotonou Juba Jaunde Kampala Singapore Kigali Kinshasa Nairobi Bujumbura Daressalam Jakarta Manila Lima La Paz Brasilia São Paulo Windhoek Lusaka Pretoria Lilongwe Maputo KfW employees 5,374 Johannesburg

5 KfW Development Cooperation at a glance Political framework: BMZ, BMF, BMUB, AA and others Implementation Development Bank Financial Cooperation Task: Promote reform processes and public investment Provision of capital Complementary advisory services Cooperation with state and state-guaranteed private institutions Corporate Financing Task: Financing of private investment in developing and industrializing countries Provision of capital Establishment and expansion of private business structures Technical Cooperation and Personnel Support Task: Enhancing the capabilities of people and organizations Provision of expertise 5

6 KfW Development Bank

7 Financial Cooperation a four-way interaction Germany (represented by the German federal government) Intergovernmental agreement and/or exchange of notes Partner country (represented by its government) General mandate / Project specific mandate Onlending agreement KfW Loan/financing agreement Separate agreements Project-executing agency = International law = German law = Law of the partner country

8 KfW Development Bank Key Information on Reduced Interest Loans (RIL) and Promotional Loans Financing Volume Loan volume: from EUR 20m up to EUR ~250m Currencies: USD or EUR Maturity: up to 20 years, including a grace period of up to 5 years Interest Rate: below market rates, fixed rate at signing Conditions KfW can pass on attractive refinancing conditions to borrower Usually covered by a government guarantee Grant element between 25% and 50% ODA Partners Public sector corporations and public sector financial institutions 8

9 Indo-German Cooperation in the energy sector A long lasting and growing partnership Overall objective Contributing to an inclusive, technically and economically efficient, socially and ecologically sustainable energy supply and use. RE generation Support investments in RE generation Increase use of solar PV technologies Small and large hydropower Transmission & Distribution Support infrastructure for the transmission and distribution sector Grid integration of RE Energy efficiency Promote EE in public infrastructure, agriculture, industry and residential buildings Access to energy Establish successful business model for rural electrification Introduce new loan products in the banking sector

10 Indo-German Financial Cooperation Energy Portfolio Renewable Energy Generation Ongoing EUR 705 mn Under Preparation EUR 930 mn Ongoing EUR 350 mn Energy Efficiency Under Preparation EUR 250 mn IREDA V Promotion of Green Power Indo - German Solar Partnership SIDBI I SME Energy Efficiency SIDBI II Demand-Side Energy Efficiency IREDA VI Access to Clean Energy Hydropower Himalaya NHB I Energy Efficiency in Residential Buildings NHB II Energy Efficiency in Residential Buildings REC III Clean Energy for Rural Development Floating Solar EESL I Energy Efficiency in Public Buildings and Infrastructure Green Industrial Parks Mahagenco Solar PV Plant NEEPCO Hydro Electric Project HPPCL Shongtong-Karcham Hydropower Project NTPC Solar Power Renewable Energy Power Plant /Storage EESL II Energy Efficiency in Energy-Intensive Sectors Transmission & Distribution Ongoing EUR 988 mn Green Energy Corridors Under Preparation EUR 412 mn Green Energy Corridors NETRA Research Cooperation on Clean Energy Technologies Energy Efficiency in the Indian Grid Line of Credit with Financial Intermediary Individual Project / Direct Financing

11 Green Energy Corridors 11

12 POWERGRID Study in Brief Overview Broad objectives Identification of transmission infrastructure for the likely RE capacity additions in various States of India during the 12th Plan period; Estimation of capex requirement for the development of transmission infrastructure; Providing strategy framework for development of a model for funding transmission infrastructure to facilitate speedy renewable power development Project divided into: Intra State Part (transmission within State) Inter State Part (transmission between States)

13 GEC Participating States

14 Green Energy Corridors: Programme Background India planed to add 32GW from renewable energy by 2017 (from 25GW 2012) in 2012* Power Grid study in 2012: 5.5 bn EUR investment needs for transmission and grid management technology India approached Germany in the context of the Indo- German Energy Forum for financial and technical support MoU signed between India and Germany during Indo- German cabinet meeting on 11 April 2013 MNRE, MoP, CEA: Joint Co-ordination Committee for GEC Regular Progress Review Meetings by MoP, MNRE & CEA *This is older target and has undergone revision. New target for renewable energy capacity has been revised to 175 GW till 2022, comprising 100 GW Solar, 60 GW Wind, 10 GW Biomass and 5000 MW Small Hydro GEC II report by POWERGRID 14

15 KfW Green Energy Corridors Joint Declaration on Indo-German Development Cooperation Regarding the Establishment of Green Energy Corridors signed in Berlin on April 11th, Basis for the strategic cooperation between Germany and India to foster the grid integration of renewable energies in India. Technical Assistance shall be offered via GiZ e.g. for forecasting and market design. Financial Contribution via KfW shall be 1 billion EURO over the next years. 15

16 GEC: STUs financed KfW loans EUR 1.4 Bio. EUR have been committed for the project by the Government of Germany In last three years, seven Loan Agreements totaling EUR 988 Mio. for financing the Green Energy Corridors in India have been signed. Financing Pattern For Inter State projects: KfW loan: 70% of project cost Equity: 30% of Project Cost For Intra State projects: NCEF grant: 40% of the project cost KfW loan: 40% of the project cost Equity: 20% of the project cost 16

17 Status of Financing In Mio. Euro TANTRANSCO 76 RRVPN 49 GETCO 114 APTRANSCO 68 HPPTCL 57 MSETCL 12 POWERGRID TANTRANSCO RRVPN MPPTCL 124 GETCO APTRANSCO 1400 HPPTCL POWERGRID 500 MPPTCL MAHATRANSCO Open 400 Open Loan Signed In Preparation Open *Figures EUR Million 17

18 Challenge: One Project- Eight Implementing Agencies AP TRANSCO MPPTCL RRVPN GETCO POWER GRID TAN TRANSCO MAHA TRANSCO HPPTCL 18

19 Other Challenges Operational The progress of implementation of transmission infrastructure should match the renewable energy project implementation timeline to avoid stranding of assets Different sources of Funding for Intra State Projects 40% from KfW loan 40% from National Clean Energy Fund Disbursements 20% from equity Managing Cost Escalations Environmental & Social Standards for Project Implementation One Monitoring Consultant for all projects Coordination with different Ministries 19

20 Availability of NCEEF for GEC State Govts./ STUs should approach CEA and MNRE KfW: Willingness to consider financing 20

21 MNRE Scheme for capacity enhancement of solar parks from 20 GW to 40 GW (dated 21Mar 2017) 21

22 GEC Components Financed under Signed Loan Agreements 22

23 Inter State and Intra State Components in Rajasthan PGCIL DPR-A P-A.1: 57 km 400 kv Ajmer New Ajmer (RVPN) TW01 P-A.2: 25 km 400 kv Chittorgarh New Chittorgarh (RVPN) TW01 P-A.3: Substation Chittorgarh 765/400 kv (SS01) P-A.4: Substation Ajmer 765/400 kv (SS02) PGCIL DPR-B P-B.1: 199 km 756 kv Chittorgarh New Ajmer New (TW01-TW03-765kV) P-B.2: 285 km 765 kv Banaskanta - Chittorgarh New (TW04-TW07) P-B.3: Extens. Substation Chittorgarh 765/400 kv (SS01) P-A.4: Substation Banaskanta 765/400 kv (SS02) RVPN DPR-A R-A.1: 130 km 400 kv Jaisalmer 2 Barmer R-A.2: 140 km 400 kv at Jaisalmer 2- Bhinmal R-A.3: 50 km 400 kv atjaisalmer2-akal R-A.4: 70 km 220 kv Undoo Pokaran R-A.5: 15 km 220 kv Kolayat-Gajner + 10km kv LILO Kolayat Bajuu Grid Substation JAISALMER2 400/220kV Grid Substation UNDOO 220/132 kv Grid Substation KOLAYAT 220/132 kv Grid Substation CHHATRAIL 220/132 KV Grid Substation BAJJU 220/312 KV 23

24 Inter State Components in Gujarat PGCIL DPR-B P-B.5: 100 km 400 kv Banaskanta Sankhari PGCIL DPR-C P-C.1: 310 km 765 kv Bhuj Pool Banaskanta (TW01-TW05) 24

25 Intra-State Transmission Schemes under GEC of Gujarat Approved 765 KV Bhuj Pool (PG) under GEC 400 KV Varsana 220 KV Radhanpur 220 KV Sankhari 220 KV Akrimota TPS 220 KV Nakhatrana 220 KV Chhatral 400 KV Bhachunda 400 KV Bhogat 220KV, 1X50/ 1X25 MVAR Bus reactors at each substation 220 KV Bhatia 220 KV Ranavav Approved 400 KV Kalavad 220 KV Moti Gop 220 KV Wankaner 400 KV Hadala LILO of both circuits of 132 KV D/C Sitac WF - Jasdan line at Babara (M/C line) Approved 400 KV Shapar 400 KV Amreli 400 KV Chorania 220 KV Babara Approved 400 KV Chharodi Approved 220 KV Manglana Approved 400 KV Pachham (Fedra) 220 KV Salejada 220 KV Gandhinagar TPS 400 KV Vadavi Existing / Approved substations Proposed substations under GEC Scheme Proposed 220 KV lines under GEC Scheme Proposed 400 KV lines under GEC Scheme

26 Inter State and Intra State Components in Tamil Nadu PGCIL DPR-A P-A.5: 54 km 400 kv Tirunelveli Tuticorin; Line 1 P-A.6: 56 km 400 kv Tirunelveli Tuticorin; Line 2 TANTR DPR-A Thennampatty 400/ kv GSS T-A.1: 56 km 400 kv Thenampatty - Kayathar T-A.3: 37 km 400 kv Kayathar - Kovilpatti T-A.5: 180 km 400kV Rasipalayam - Singarapet T-A.6.1: 55 km 230 kv Kayathar Tuticorin T-A.6.2: 55 km 230 kv Veeranam - Tirunelveli T-A.6.3: 25km 230 kv Veeranam - Kodikurichi T-A.6.4: 65 km 230 kv Ingur - Arasur T-A.6.5: 95 km 230 kv Arasur - (PGCIL) Gobi T-A.6.6: 180 km 230 kv Cuddalore- Neyveli Various Bay extensions & augmentation of Transfo capacity TANTR DPR-B T-B.2.1: 100 km 400 kv Vagarai - Rasipalayam T-B.2.2: 40 km 400 kv Vagarai - Udumalpet (PGCIL) T-B.2.3: 90 km 400 kv Salem - Singarapet 26

27 Intra State project- Andhra Pradesh APTRANSCO Phase 1 works 400/220 /132 kv Jammalamadugu S/S 400/220 kv Uravakonda S/S 400kV Jammalm. Kurnool T/L,, 125 km 400 kv Jammalm- Uravakonda T/L, 110 km 220 kv Jammalm.- Tirumalaipally, 17 km 220 kv Jammalam.- Betamcheria, 68 km 220 kv Jammalm.- Chakraypet 220 kv Jammalm.-Porumamilla 220/132 kv interconnectivities, 125 km Phase 2 works 400 /220kV Hindupur S/S 400 kv Hindupur-Uravakonda T/L, 130 km 400 kv Hindupur Madhugiri S/S (PGCIL), 40km 400 kv Bay extension Madhugiri 220 kv Hindupur Penukonda, 50km 220 kv Hindupur Pampanur, 90 km 220/132 kv interconnectivity lines,30 km 27

28 Intra State Components in Himachal Pradesh HPPTCL 1. GSS 66/220 kv, Sunda sub station with 66 kv D/C line from Sunda to Andhra 2. Construction of 22/132 kv sub station in the yard of Tangnu Romai HEP: 3. Construction 132 kv D/C line TangnuRomai HEP to Sunda. 4. GSS 132/220 kv, 2x100 MVA GIS sub station at Dehan +220 kv D/C Transmission Line (55 Kms) to 400/220 kv sub station PGCIL at Hamirpur 5. Construction of 33/132 kv, 31.5 MVA sub station in the yard of Rupin HEP: 6. Construction of 132 kv D/C line between 33/132 kv sub station at Rupin HEP and 132/220 kv sub station at Sunda: 7. Construction of 33/220 kv, 50/63 MVA sub station Heling 8. Providing additional 132/220 kv, 100 MVA Transformer at 132/220 kv, 100 MVA GIS sub station at Charor 9. Providing additional 33/132 kv, 31.5 MVA Transformer at 33/132 kv, 31.5 MVA GIS sub station at Pandoh in Distt. Mandi 10. Construction of 33/132 kv, 2x31.5 MVA GIS sub station near Malana-II (100 MW) power house in Distt. Kullu. 11. Construction of 33/132 kv, 2x31.5 MVA GIS sub stationsarsadi by LILO of one circuit of 132 kv Barsaini-Charor D/C line 12. Providing additional 400/220 kv, 1x315 MVA transformer in the 400/220 kv sub station at Gumma[Pragatinagar] 13. Construction of 33 kv GIS switching Station at Palchan in District Kullu 28

29 400kV Substation (Mandsour, Ujjain) 2 Nos. 220kV Substation (Sendhwa, Gudgaon, Kanwan, Ratangarh, Sailana, Jaora Upgrade, Susner, Nalkheda Upgrade) 8 Nos. SS Bay extensions, total number about /220/132kV kv Transformers, various capacities, from 40 MVA to 315 MVA, in total 30 three-phase units; 400kV Transmission Lines 345 km, route length; 220kV Transmission Lines 509 km, route length; 132kV Transmission Lines 691 km, route length; Sabaljarh Vijaypur Ratangarh Amapartan Suwasara Daloda Barod Susner Jirapur Nalkheda Agar Rajgarh Salana Jaora Nagda Ratlam Badnagar Moman Badoyia Makdon Tarana Birsinghpur Petlawand Kanwan Megh Nagar Ujjain Teesgaon Dhar Ichhawar Jhabua Rajgarh Pansemal Sendhwa Julwaniya Gudgaon LILO S/s Transformer Interconnection Intra State Components in Madhya Pradesh 29

30 Contact: Bank aus Verantwortung