REPORT DONE BY:
SONA SCHOOL OF MANAGEMENT
The electricity sector in India had an installed capacity of 207.85 Gigawatt (GW) as of September 2012, the world's fifth largest. Captive power plants generate an additional 31.5 GW. Thermal power plants constitute 66% of the installed capacity, hydroelectric about 19% and rest being a combination of wind, small hydro, biomass, waste-to-electricity, and nuclear. India generated 855 BU (855 000 MU i.e. 855 TWh) electricity during the fiscal 2011-2012.
India has abundant sources of power production. Thermal power in India accounts for roughly two-thirds of the power generated in India which in includes gas, liquid fuel, and coal. Reserves for thermal power generation include 59 billion tonnes of mineral coal, 775 million metric tonnes of oil reserves and natural gas reserves of 1074 billion cubic meters. Presently, out of the total power being generated, 54.8% is coal based, 9.75% is gas based and 0.66% is oil based, hydro contributes for 21% of power, while nuclear production is 2.63% and the rest 11.1% ia collectively produced by renewable energy sources.
For nuclear power, India has one of the world’s largest reserves of nuclear fuel thorium. According to the Ministry of Atomic Enrgy, nuclear power generation was estimated at 13.543 million units. For water based power, India has an untapped hydro potential worth 1,50,000MW.
India has the world’s fourth largest number of wind energy installations. According to the Ministry of new and Renewable Energy,(MNRE), wind energy is one of the fastest-growing renewable energy sectors in the country. With a cumulative development of over 13,000MW, wind energy accounts for nearly 70% of the installed capacity in the renewable energy sector in the country.
GVK is an Indian multinational conglomerate company head quartered in Hyderabad, India. GVK encompasses several primary business sectors such as Energy, Coal, Oil and Gas, transportation, hospitality, Life Sciences. It is among the largest conglomerates in India.
GVK Powers was established in the year 1994. By Mr. GVK Reedy. GVK was listed in NSE and BSE since February 2006. Its market capitalization accounts to about 2030 crores. It ranks in the 17th place in top companies of power generation in India. Energy is one of the most critical components of infrastructure development that is a major catalyst for the economic growth and well-being of a nation. A robust development in the sector is vital for a sustained growth of our economy. GVK, with its efficient power plants and backward integration is committed towards contributing its share to the country’s energy bank. After seeting up India’s first Independent Power Plant at Jegurupadu, Andhra Pradesh, GVK has expanded itself to a slew of CCPP- Combined Power Plant (gas/naphtha based), Thermal(coal based) and Hydro based projects across the country. Beside over 900 MN operational power plants, it has over 5000 MW projects under various stages of construction and development.
BOARD OF DIRECTORS:
FOUNDER, CHAIRPERSON, MD: MR. GV Krishna Reedy
DIRECTORS: A .Issac George