REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA

Renovation and Modernization (R&M) refers to a set of activities intended to improve the performance and reliability of the existing production facilities, and is seen as a cost-effective alternative to increase the operational life of plants. Through R&M, obsolete generation equipment undergoes technological upgrades to boost capacity and reduce harmful emissions. It consists of a five-step process of identification, assessment, planning, execution and closure in order to plan, implement and monitor the entire procedure. The R&M cost per Megawatt (MW) varies, depending on the age of plant, operational history, fuel type, demand of the equipment to be replaced, the cost of generation and technology. The study aims at of Renovation and Modernization R&M of existing thermal power plants, which as an alternative can help the Country not only to increase the existing capacity and efficiency but will further help to reduce the heavy dependence on coal. Hence it is important to understand the major risks associated with the implementation of R & M projects and mitigate them proactively to enhance the effectiveness of this approach.

Keywords:

Risks, effectiveness efficiency, renovation and modernization,

Tam Metin

___

Ahluwalia, Montek Singh (2011), “Prospects and Policy Challenges in the Twelfth Plan”, www.planningcommission.nic.in/aboutus/speech/spemsa/spe_21052011.pdf.
Bagchi, Amaresh (2007), “Role of Planning and the Planing Commission in the New Indian Economy; Case for a Review”, Economic & Political Weekly, Vol.42, No. 44 (Nov. 3-9, 2007), pp. 92-100.
Batra, R K and S K Chand (2011), “India’s coal reserves are vastly overstated: is anyone listening” The Energy and Resources Institute, New Delhi.
Banker, R.D., A. Charnes and W. W. Cooper, 1984, Some models for estimating technical and scale efficiencies in data envelopment analysis. Management Science 30:1078–1092.
Barros, C.P. and N.Peypoch, 2008, Technical efficiency of thermoelectric power plants. Energy Economics 30: 3118-3127.
CEA, 2005. Technical Standard on Operation Norms for Coal/Lignite Fired Thermal Power Stations.Central Electricity Authority, Government of India.
CERC, 2000a. Availability Based Tariff, Petition No.2/1999. Central Electricity Regulatory Commission.
CERC, 2000b. Operational Norms for Thermal Generation, Petition No. 4/2000, Central Electricity Regulatory Commission. 〈http://〉cercind.gov.in/2612/Order%20Final.pdf
CERC, 2003. Operational norms for thermal generation, Petition No. 4/2000, Central Electricity Regulatory Commission. 〈http:// www.cercind.gov.in/280203/4-00.pdf〉.
Chikkatur, Ananth P (2008), “Coal Initiative Reports: A Resource and Technology Assessment of Coal Utilization in India”, Pew Center on Global Climate Change.
Chikkatur, Ananth P. et al, (2009), “Sustainable development of the Indian coal sector”, Energy 34 (2009), pp. 942-953.
CEA, 2013,Study Report on developing Markets for Implementation of R&M Schemes in Thermal Power Stations in India, India: Coal Fired Generation Rehabilitation Project
Chand, S.K., Sarkar, S.K., 2006. Demystifying Coal Security. Economic Times, 14 April.
Chikkatur, A., 2005. Making the best use of India’s coal resources. Economic and Political Weekly 40, 5457–5461.
Central ElectricityAuthority,2006. All India Electricity Statistics. General Review, 2004–2005. Central Electricity Authority, Ministry of Power, Government of India. Available online /http://www.cea.nic.in/S.
Central ElectricityAuthority,2008a .17th Electric Power Survey,2007.Central Electricity Authority, Ministry of Power, Government of India.
Central Electricity Authority, 2008b. Thermal Performance Review,2007–2008. Central Electricity Authority, Ministry of Power, Government of India .Avail-able online /http://www.cea.nic.in/S.
Central ElectricityAuthority,2009a .All India Electricity Statistics. General Review, 2009. Central Electricity Authority, Ministry of Power, Government of India.
Dadwal, Shebonti Ray, (2012) “India’s Overseas Assets: do they contribute to energy security”, Strategic Analysis, vol. 36, issue. 1
Deo Sharma, S.C., 2004. Coal-fired power plant heat rate and efficiency improvement in India. In: Workshop on Near-Term Options to Reduce CO2 Emissions from the Electric Power Generation Sector in APEC Economies, Asia Pacific Economic Cooperation (APEC), Queensland, Australia.
Dubash, N.K. (Ed.), 2002. Power Politics: Equity and Environment in Electricity Reforms. World Resources Institute, Washington, DC.
Dubash, N.K., Rajan, S.C., 2001. Power politics: process of power sector reforms in India.Economic and Political Weekly 36, 3367–3390.
Dubash, N.K., Singh, D., 2005. Alternating currents: introduction to an international review of electricity restructuring. Economic and Political Weekly 40, 5242–5248.
Farrell, M.J., 1957, The measurement of productive efficiency. Journal of royal statistical society 120:7-24.
Halder, Dulai (2012), “Overseas investment in Upstream oil and gas: rational, policy, current situation and assessment of strategy”, conference presentation, ONGC Videsh Limited, 23May 2012.
H. Robinson, P. Carrillo, C.J. Anumba and M. Patel, Governance & Knowledge Management for Public-Private Partnerships, WileyBlackwell, 2010
Jagadeesh, A. (2000), “Wind energy development in Tamil Nadu and Andhra Pradesh, India Institutional dynamics and barriers – A case study”, Energy Policy 28 (2000), pp. 157-168.
Joseph, Kelli (2010), “The politics of power: electricity reform in India”, Energy Policy 38 (2010), pp. 503-511.
J.A. Walewski, International project risk assessment, Dissertation for the degree of Doctor of Philosophy, The University of Texas at Austin, 2005.
Kalam, Abdul (2011), former President of India, in address during 21st SMIRT Conference, www.dae.gov.in/press/pr071111.pdf.
Kumar, Shukla, Umesh (2011) & Ashok Thampy, “Analysis of competition and market power in the wholesale electricity market in India,” Energy Policy 39 (2011), pp. 2699-2710.
L.Y. Shen, A. Platten and X.P. Deng, Role of public private partnerships to manage risks in public sector projects in Hong Kong, International Journal of Project Management, 24(7), (2006), 587-594.
Madan, Tanvi (2006). The Brookings Foreign Policy Studies Energy Security Series: India, Washington, DC.
Mathew, Jose (2003), “Development Policies of India with Special Reference to New Economic Policy”, Mahatma Gandhi University, Kerala.
Mathur, Neerja (2010) “Overview of Indian power sector” presentation at Joint IEA-India Workshop on Industrial Energy Efficiency, New Delhi, 27 January 2010.
Mathur, Neerja (2011) “Indian Power Sector – An Overview” presentation at Joint IEA-India Workshop on High Efficiency, Low Emission Coal Technology, New Delhi, 29 November 2011.
M.H. Sobhiyah, M.R. Bemanian and Y.K. Kashtiban, Increasing VFM in PPP power station projects- Case study: Rudeshur gas turbine power station, International Journal of Project Management, 27(5), (2007), 512-521
Pachauri, P K (2005), “Securing India’s Energy Future”, The Indian Express, 4 August.
R.J. Sawant, Infrastructure Investing: Managing risks & rewards for pensions, insurance companies & endowments, John Wiley & Sons, Inc, 2010.
Tavanir, Energy Planning Office Report, Energy Balance Sheets Between1996–2006, Available from Power Ministry library and information centre, 2007.

___

Bibtex	@araştırma makalesi { pap371648, journal = {PressAcademia Procedia}, eissn = {2459-0762}, address = {Siteler Sok. No.12/18 Maltepe, 34843, Istanbul}, publisher = {PressAcademia}, year = {2017}, volume = {5}, number = {1}, pages = {169 - 175}, doi = {10.17261/Pressacademia.2017.586}, title = {REVIEW OF RISKS ASSOCIATED WITH RENOVATION \& MODERNIZATION OF THERMAL POWER PLANTS IN INDIA}, key = {cite}, author = {Bajpai, Purnima and Iyer, K. Chandrashekhar} }
APA	Bajpai, P. & Iyer, K. C. (2017). REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA . PressAcademia Procedia , 5 (1) , 169-175 . DOI: 10.17261/Pressacademia.2017.586
MLA	Bajpai, P. , Iyer, K. C. "REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA" . PressAcademia Procedia 5 (2017 ): 169-175 <
Chicago	Bajpai, P. , Iyer, K. C. "REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA". PressAcademia Procedia 5 (2017 ): 169-175
RIS	TY - JOUR T1 - REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA AU - PurnimaBajpai, K. ChandrashekharIyer Y1 - 2017 PY - 2017 N1 - doi: 10.17261/Pressacademia.2017.586 DO - 10.17261/Pressacademia.2017.586 T2 - PressAcademia Procedia JF - Journal JO - JOR SP - 169 EP - 175 VL - 5 IS - 1 SN - -2459-0762 M3 - doi: 10.17261/Pressacademia.2017.586 UR - Y2 - 2022 ER -
EndNote	%0 PressAcademia Procedia REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA %A Purnima Bajpai , K. Chandrashekhar Iyer %T REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA %D 2017 %J PressAcademia Procedia %P -2459-0762 %V 5 %N 1 %R doi: 10.17261/Pressacademia.2017.586 %U 10.17261/Pressacademia.2017.586
ISNAD	Bajpai, Purnima , Iyer, K. Chandrashekhar . "REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA". PressAcademia Procedia 5 / 1 (Haziran 2017): 169-175 .
AMA	Bajpai P. , Iyer K. C. REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA. PAP. 2017; 5(1): 169-175.
Vancouver	Bajpai P. , Iyer K. C. REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA. PressAcademia Procedia. 2017; 5(1): 169-175.
IEEE	P. Bajpai ve K. C. Iyer , "REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA", , c. 5, sayı. 1, ss. 169-175, Haz. 2017, doi:10.17261/Pressacademia.2017.586