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4th KPMG Infrastructure Today Awards 2011

4th KPMG Infrastructure Today Awards 2011

Over the last four years there has been increased private sector par­ticipation in infrast­ructure via Public Private Partnerships (PPP), and as an objective but active participant in docu­menting this growth, Infrastructure Today established the Infrastructure Today Awards in collaboration with KPMG. It is our end­eavour to applaud and recognise partners in the nation's growth through partners­hips, a mode that has caught the fancy of the nation's policymakers, owners and developers.

The 4th edition of these awards will be held in a glittering ceremony in New Delhi on 9 December. Studded with topnotch attendees from the infrastructure sectors both from gover­nment and private sectors, the awards have increasingly been making their mark as an appreciation to reckon with.

Specifically, the awards seek to promote wider recognition of success stories and identify and disseminate benchmarks and lessons on success drivers in PPP.

The methodology: More than 100 resp­ondents fil­led out an online per­ception survey to vote for top org­a­nis­a­tions in each of the categories. After short list­ing the top organisations excelling in PPP, the jury panel dec­ided on the winner based on select eva­lua­tion criteria.

Members accorded weightage to

  • Vision, scale and complexity of a pro­ject completed this year.
  • Impact of the project on the society.
  • Innovation.

The Awards

Award category & Winners

Most Admired Developer in Power: Torrent Power Limited
Most Admired Infrastructure Company in Renewable Energy: Moser Baer Clean Energy Limited
Most Admired Infrastructure Company in Transport: Sadbhav Engineering Limited
Most Admired Emerging Infrastructure Company: KMC Infratech Limited
Most Admired Infrastructure Company in Urban Development: SPML Infra Limited
Most Admired Infrastructure Company – Overall: Adani Power Limited
Most Admired State Entity Promoting PPP: Mumbai Metropolitan Region Development Authority (MMRDA)
Most Admired Central Entity Promoting PPP: National Highways Authority of India (NHAI)
Most Admired Infrastructure Debt Financier: State Bank of India
Most Admired Infrastructure Equity Financier: SBI Macquarie
PPP Project of the Year: Aurangabad Water Supply Project

The Jury

Ajay Saxena, PPP Expert, Asian Development Bank
Anil Sardana, Managing Director, Tata Power
Arjun Dhawan, President, HCC
Arvind Mahajan, Executive Director, KPMG Advisory Services
Deepak Bagla, Partner– Infrastructure, 3i
Lalit Jalan, CEO & Whole- Time Director, Reliance Infrastructure
M Murali, Director General, NHBF
NN Gautam, Advisor, ACB India, and ex-Advisor to the Union Ministry of Coal

Most Admired Infrastructure Company in Power: Torrent Power Limited
Sudhir Mehta, Chairman
Brief Overview
The Torrent Group was founded in 1959 as pharmaceuticals group. In 1997, the company received clearance from the Foreign Investment Promotion Board to issue preferential shares to US-based MNC Investment Corporation for Rs 400 crore to help fund its acquisition of the Ahmedabad Electricity Company by purchasing the entire 28.89 per cent stake held by the Gujarat government.

Torrent Power Ltd is engaged in the generation, transmission and distribution of electricity in Gujarat, Maharashtra and Uttar Pradesh. The T&D loss of Torrent Power licence areas in Gujarat at 7.6 per cent is amongst the lowest in the country.

Key achievements/awards

The company in the past has won the Gold Sheild for outstanding performance in power distribution by the Government of India on multiple occasions.

Most Admired Infrastructure Company in Renewable Energy: Moser Baer Clean Energy Limited
Deepak Puri, Managing Director
Brief Overview
Moser Baer Clean Energy Limited (MBCEL) was incorporated in September 2008 with a strategy to undertake development of solar power projects worldwide. MBCEL is a project developer, owner and operator of solar power projects.
The Group is also engaged in the manufacture of solar cells and modules and has a current production capacity of 170 MW crystalline cells, 150 MW crystalline modules, and 50 MW thin films.
MBCEL has 250 MWp under development across states in India and a project portfolio of over 200 MWp in Europe to be developed by 2012.
It is India's largest solar power development company with a presence in key international markets.
MBCEL, has commissioned the country's largest and the first 5 MW solar farm at Sivaganga in Tamil Nadu. In October 2011, MBCEL also commissioned a 30 MW solar power plant in Gujarat.
It has also implemented 7.55 MWp and 5.49 MWp projects at Nordendorf and Hildburghausen in Germany in 2009 and 5 MWp at the UK in July 2011. It has also reportedly commissioned 20 MW of capacity at its Sardinia plant in Italy in October 2011.  
Most Admired Infrastructure Company in Transport: Vishnubhai Patel, Managing Director
Sadbhav Engineering Limited

Brief Overview
Founded in 1988, SEL is an infrastructure development and construction company foc­using on roads and highways, irrigation and mining operations. Its main focus, however, is developing Road projects (~ 80 per cent of revenue contribution) both under BOT and EPC model.  
Till March 2011, SEL has successfully com­pleted 20 roads and highway (BOT + EPC) projects, 21 irrigation projects and five mining projects. Its order book at FY 2011 end included projects worth Rs 51.23 billion in Roads & Highways, Rs 9.59 billion in Irrigation and Rs 8.83 billion in Mining.
SEL has a total portfolio of nine Highways BOT Projects (total capex inv­estments around Rs 78 billion) that include: Dhule-Palasner, Lakhanadon-Seoni, Hyderabad-Yadgiri etc. Around four projects are already operational and the rest are under development.
In August 2010, SEL raised Rs 4 billion by selling 22.22 per cent stake in its subsidiary SIPL. It has further tied up with Macquire Group to bid for future BOT highway projects.
The company has recently won two large cash contract projects in Madhya Pradesh and Andhra Pradesh involving an investment of around Rs 15,300 million.

Most Admired Emerging Infrastructure Company : Goutham Reddy, Managing Director
KMC Infratech Limited

Brief Overview
Incorporated in 2008, KMC Infratech Limited (KMCIL) operates as a subsidiary of KMC Constructions Limited (KMCCL).
Established in 1993, KMCCL focuses on providing EPC services in India and abroad.
The Group has over 40 years of experience in building large construction and infrastructure projects focusing on road sector.
KMCIL offers design, operation, maintenance, advisory and project management, facilitation, and development of road transportation infrastructure projects.
It owns a portfolio of 10 BOT road projects aggregating 5,000 lane km across India making it one of the largest road portfolios in the country.
Projects are spread across Karnataka, Rajasthan, Orissa, Andhra Pradesh and Kerala.

Most Admired Infrastructure Company in Urban Development: SPML Infra Limited
Anil Sethi, Chairman

Brief Overview
Established in 1981, SPML Infra Limited has managed and implemented over 400 infrastructure projects across India on EPC, PPP and BOOT basis.
SPML has over three decades of multidisciplinary experience in executing world class infrastructure for water treatment and transmission, waste water handling, treatment & recycling, solid waste management, power transmission & distribution and civil infrastructure development.  
SPML develops and manages infra projects, such as ports, SEZs, integrated industrial townships, urban infrastructure, automated car parking solutions, and toll/link roads; and involves in developing, constructing, and managing wind and hydro power projects.
SPML conferred as the fastest emerging infrastructure company (large category) in 2009 at Construction World Annual Awards.
Excellence in project management in Hydro Power Sector from Enertia Publication as part of their Annual Enertia Awards 2 held in 2008.

Most Admired Infrastructure Company – Overall
Gautam Adani, Group Chairman & CEO
Adani Power Limited

Brief Overview
Incorporated in 1996, Adani Power Limited (APL) has a presence in power generation, transmission and the solar power sector.  
APL is currently developing several thermal power projects which are under various stages of development with an aggregate capacity of 16,500 MW in western and central part of the country.  
APL has entered into a long-term power purchase agreement (PPA) with state power utilities. The company has already made an arrangement for about 7,144 MW, which is around 77 per cent of the total capacity under execution.  
The company though its promoter company, Adani Enterprises Limited, has access to various national and international coal mining rights which ensures fuel security for its power projects.  The coal mining logistics etc are managed by various other subsidiaries of AEL.
 The company has recently commissioned the first two supercritical 660 MW units in March and May 2011, respectively.
It is the world's first supercritical technology project to have received 'clean development mechanism (CDM) Project' certification from United Nations Framework Convention on Climate Change (UNFCCC).
It has also completed its first power transmission project of 400 KV double circuit transmission system from the Mundra plant to Dehgam (430 km), which is the longest dedicated transmission line by private sector.
APL is also setting up a 100 MW solar power project at Surendranagar in Gujarat.
In 2009, AEL was conferred the Dun & Bradstreet-Rolta Corporate Award 2008 for an outstanding performance in trading after examining and evaluating parameters and performance of over 500 companies.
CAPEX plans
June 3, 2011: Is likely to sell its shares in its sister concern Adani Mining Ltd., and invest the proceeds further in the energy sector.

Most Admired Central Entity Promoting PPP: National Highways Authority of India (NHAI)
AK Upadhyay IAS, Chairman

Brief Overview  
NHAI was operationalised in February 1995.
NHAI is mandated to implement National Highways Development Project (NHDP) which is:

  • India's largest ever highway projects
  • World class roads with uninterrupted traffic flow

In consultation with Central Ministries, State Governments, Road Transport Authorities, and National Highways it aims to increase and modernise facilities in road transport system
Constructed 1,780 km of roads in 2010-11 against the targeted 2,500 km NHAI created history by awarding the first road project at a greater premium than the total cost of the project – Kishangarh-Udaipur-Ahmedabad Project.
Role in policy making
May 3, 2011: To bring in more transparency into awarding road projects, NHAI plans to invite bids for three projects through e-tender on a pilot basis.
February 17, 2010: Introduced a new rule, companies that have failed to complete financial closure of three or more projects would be barred from bidding for new projects.
Feb 21, 2008: Makes international certification mandatory for all contractors.
NHAI would adopt a policy to give due preference to consultants and contractors certified for quality management system under ISO 9001:2000.
Most Admired State Entity Promoting PPP: MMRDA
Rahul Asthana, Commissioner
Brief Overview
Incorporated in 1975 under the Mumbai Metropolitan Region Development Authority Act, MMRDA is an apex body for planning and co-ordination of development activities.
It prepares plans, formulates policies and programmes, implements projects and helps direct investments in the region.
Its main objectives include –

  • Development planning for the region
  • Provision of regional infrastructure
  • Promotion of growth centres
  • Provision of development finance

One of its landmarks include the successful shifting of the wholesale agricultural produce market and iron & steel market from congested parts of Mumbai to Navi Mumbai.
Future Plans  
September 27, 2011: Is planning to set up two flyover projects in Mumbai
March 29, 2011: Has decided to set up over 2.75 lakh housing across the region within municipal limits.
Role in Policy Making
June 6, 2011: Has started moving slum based families away from the Mumbai airport rehabilitation project to the Kurla facility.
May 25, 2011: Has held discussions with World Bank officials on various projects, including the Mumbai Urban Transport Project (MUTP), which is being funded by the bank.
May 12, 2011: Is pushing for a 10 per cent development tax on value of property, to be set aside as development charges for improving infrastructure in the Mumbai Metropolitan Region.
January 19, 2011: Has entered the field of healthcare. The 2011-12 MMRDA budget announced by Chief Minister has given a grant of Rs 0.61 billion to two hospitals in Mumbai and Thane.
Most Admired Infrastructure Debt Financier: State Bank of India
Pratip Chaudhuri Chairman

Brief Overview
State Bank of India (SBI) is one of the largest bank's in India in terms of market capitalisation, balance sheet size and branch network.
Its project finance strategic business unit focuses on funding projects in infrastructure sectors like power, telecom, roads, ports, airports and logistics.
SBI in joint venture with Macquarie Capital Group Ltd and International Finance Corporation has formed a fund named Macquarie SBI Infrastructure Fund (MSIF).
MSIF is an unlisted PE style infra fund with approximately Rs 40.95 billion of committed capital.
MSIF provides investment opportunities to its institutional and other large-scale investors located outside India.
It has mainly invested across power generation, telecom tower infrastructure and airports creating a well diversified portfolio.
SBI was awarded ” Most admired Infrastructure Financier” by KPMG in 2010.

Most Admired Infrastructure Equity Financier : SBI Macquarie infrastructure management
Suresh Goyal, Managing Director
Brief Overview
SBI Macquarie Infrastructure Trust (SMIT) is managed by a joint venture established in 2008 between State Bank of India (SBI), Macquarie Infrastructure and Real Estate (Macquarie) and International Finance Corporation (IFC).
This formation results is a fund management team with:

  • Strong Indian relationships,
  • A deep understanding of India's infrastructure investment market and its associated risks, and
  • Extensive global experience in infrastructure investment and management.

SBI Macquarie Infrastructure Trust (SMIT) provides its institutional and other large-scale investors located in India with access to the growing number of investment opportunities available to the private sector in India's infrastructure and infrastructure-like assets.  
SMIT invests mainly in ” traditional infrastructure” assets that:

  • Provide essential services to the local communities they operate,
  • Have sustainable competitive advantages, and  
  • Deliver predictable cash flows over the long term.

SMIT's portfolio comprises Telecom Towers (21per cent), Power Generation (18 per cent), Renewables (3 per cent) and Un-invested Capital (58 per cent). Total investments reported so far is over Rs 32 billion.
In July 2011, the fund has qualified for participating in domestic road bid processes by NHAI for up to Rs 92 billion becoming the largest eligible players for the current year.

PPP Project of the Year: Aurangabad Water Supply Project
Purushottam Bhapkar Municipal Commissioner Aurangabad

Brief Overview
The project is to rehabilitate the existing distribution & transmission water supply system of Aurangabad city with a population of 12 lakh, and considered to be among the fastest growing cities in Asia.
The Aurangabad water supply project is among the largest PPP projects awarded in the country in the water sector. Aurangabad water supply project cost is expected to be Rs 10 billion. It involves constructing over 1,200 km of water T&D pipelines.
The Aurangabad water supply project is being developed on a build-operate-own-and-transfer (BOOT) basis for a 20-year concession period. This includes 3 years of construction and 17 years of O&M.
The project received a very good response from bidders with 11 strong consortiums participating in the process
The consortium of SPML Infra, VA Tech Wabag and NWSC won the bid in January 2011.
Construction work is anticipated to begin in October 2011.
Government Agency: Aurangabad Municipal Corporation (AMC)
Private Developer: SPML Infra (80 per cent), VA Tech Wabag (10%), Uganda's National Water & Sewage Corporation (10 per cent)
Financier: Government will contribute about Rs 4 billion and the remaining Rs 6 billion will be rallied by the consortium members.
SPML plans to raise some portion of the funds by diluting its equity.
Scale of Work
The consortium is responsible for: Augmentation of bulk water supply to the city from Jaikwadi Dam, Refurbishment of the distribution network of the city, Metering of all water connections within the city, Computerised billing, Collection of the water charges.

Outstanding Features
1,200 km of pipelines will be constructed.
The main focus of the contract is to achieve operational efficiencies through Non Revenue Water (NRW) reduction, metering, billing and collection and installing SCADA systems along with GIS and network modeling for the concession period of 20 years.
The city currently has 100,000 m installed of which 97 per cent are domestic and 3 per cent for commercial and industrial use. The number of meters will increase to 189,000 post NRW reduction and will rise gradually thereafter.  
Performance parameters include: Coverage, NRW reduction, hours of supply, consumer complaints, and water quality.

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