As the global economy is recovering from the prolonged financial crisis, the next phase of growth is expected to be powered by emerging economies, of which India is a dominant player. With recently elected new government, India is likely to enter into next phase of growth and high energy demand arena. Power deficit has moderated, however going forward, lack of quality power would hamper inclusive growth. With worsening domestic coal supply and costly imported coal, thermal power capacity addition program led by coal is getting revised downwards. Further, concerns around energy security and climate change have been prompting the Government of India to include zero coal sustainable and greener options. This change in mind-set from “Carbon Conscious” to “Carbon Cautious” is likely to give a big push to Demand Side Management and Energy Efficiency to reduce “carbon intensity” going forward.

Supply as well as demand side measures are desired to sustain current growth levels in the efficient manner. Apart from capacity addition, supply side measures need to ensure efficient plant operations through effective O&M strategy. With inexperienced new generation entrepreneurs in power sector and declining availability of skilled manpower, there exists a risk of equity returns erosion in case of sub-optimal operational performance. This calls for specialised service providers who could address this experience gap.

NMG has assisted Indian and International companies in traditional G-T-D spectrum as well as various niche segments such as power services, BTG & BOP, smart grid and innovative solutions such as micro-turbines/energy storage. Further, it has worked with several power plants and energy efficient companies in improving their performance and reducing their energy bill.

We help our global clients craft an India entry strategy, identify strategic partners and carry out due diligence through unparalleled insights of Indian energy market. We assist our Indian clients in developing an understanding of the evolving conventional and renewable energy landscape, formulating strategies for long term growth, assistance them in project management, delivery cost/time reduction. We also assist energy intensive industries in energy cost reduction and RPO/PAT compliance. In addition to this, we undertake assignments for private equity funds and investment banks to evaluate and provide advice on potential investment targets.

NMG has also worked with several industry and government bodies in the energy sector. It has recently developed reports on ‘O&M Strategies for Superior Performance’ and ‘Solar PV Sector in India: Challenges & Way Ahead’. NMG also presented a novel paper on “Outsourcing of O&M – Next big thing in India?” at International O&M Conference. NMG assisted CII in developing a “Green Energy Blueprint for India” for achieving 15% renewable target by 2020 by highlighting winning approaches and the way forward.