Indian power sector needs over $250 bn investment: Report

Posted By: Religare
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Indian power sector needs investments of over USD 250 billion for development during the next three years, said the PTI report.

Integrated Research and Action for Development said in its report that, "Total investment of over USD 250 billion is required for development of the power system during the 12th plan."

Further, this will give an ample opportunity for investors, developers, power equipment manufacturers in developing power projects and associated transmission infrastructure, it said.

During the 12th plan period (2012-17), India plans to add 88,537 MW capacity, out of which 69,280 MW will come from coal. The government has planned additional renewable energy capacity addition of around 30,000 MW (5,000 MW wind, 10,000 MW solar and 2,100 small hydro).

According to the report, "It is estimated that around 25,000 MW capacity is being sub-optimally utilised because of inadequate availability of domestic coal. India is facing lot of difficulties in production of domestic coal due to various reasons. The scenario is likely to remain the same till the end of the 12th plan."

Story first published: Monday, September 29, 2014, 9:20 [IST]
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