Sembcorp Industries could earn $29m annually from TPCIL

The Indian coal-based power plant delivered $6.5m profits in 3Q.

Sembcorp Industries' India earnings were up strongly at S$18.2m in 3Q16. This was compared with a loss in 3Q15.

Indian coal-based power plant Thermal Powertech Corporation India Limited (TPCIL) recorded 3Q16 earnings of S$6.5m, despite a 16-day shutdown of Unit #2 at TPCIL and weak spot market prices.

UOBKayHian notes that TPCIL's S$6.5m earnings in 3Q16 reflect 2.5 months of operations (Unit #2 was down for 16 days or ~0.5 months in Sep), roughly working out to S$2.4m profit per month.

The Indian coal-based power plant delivered $6.5m profits in 3Q.

Sembcorp Industries' India earnings were up strongly at S$18.2m in 3Q16. This was compared with a loss in 3Q15.

Indian coal-based power plant Thermal Powertech Corporation India Limited (TPCIL) recorded 3Q16 earnings of S$6.5m, despite a 16-day shutdown of Unit #2 at TPCIL and weak spot market prices.

UOBKayHian notes that TPCIL's S$6.5m earnings in 3Q16 reflect 2.5 months of operations (Unit #2 was down for 16 days or ~0.5 months in Sep), roughly working out to S$2.4m profit per month.

The figures, it said, imply that TPCIL can earn S$29m annually assuming 85% plant load factor (PLF) in a bear-case scenario.

"This alone represents 56% of SG's FY15 Energy earnings. We estimate that every Rp1 increase in electricity price can generate S$16m in additional profit from this level," it said.

Also Read

GIC to acquire 25% stake in Reworld™ from EQT Infrastructure

PUB issues $325m green notes at 2.502% fixed rate

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit