Private Power Producers All Set to End 11th Plan on High.
India’s 11th plan is expected to finally end on March 12. Country is expected to add about 64000 MW of generation capacity by end of 11th plan. It may not be very good figure when you see it in light of planned addition in generation capacity which was kept for 11th Plan. 11th plan had about 78000 MW as the planned capacity addition target. But it is expected that about 64000 MW will be added by end of March 2012. And private sector is expected to contribute handsomely to this achievement. In fact in the next plan about 60 percent of planned capacity addition will be from private sector. This is a creditable achievement for the state planners as well as the private sector. Today we can see there are many private players which are filling up the power plant landscape.
Power Plant Project site
Chinese companies are sitting with roughly in the excess of 25000 MW of order of power plants from India. Indian private sector has invested heavily in power generation with Chinese companies dotting the main equipment market. Indian manufacturing sector is also upping the ante and slew of investments in private manufacturing of power equipments have been either in the process of being rolled out or already have been rolled out.
Country needs investments in renewable energy and hydro sector as well. It is well know that thermal sector is going to be the backbone of India’s power sector, but planners may do well to encourage the investments in nuclear,hydro as well renewable energy to have a optimum and balanced mix..
May also like to read: Indian Power Projects Update Nov 2009
