NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/08/18 - India ranks fifth in power generation- 617 BU in 2005-06, meeting 99.3% of the target. Government of India promises Power for all by 2012..
The Indian Power Sector provides major support to the growing economy. With a large deficit in the power supply, the Indian economy is rather constrained due to this weak link in the infrastructure. The Government of India has set for itself the target of providing Power for all by the year 2012. This would require a further capacity of almost 100,000 MW.
The major players in the Indian Power Sector Infrastructure are National Thermal Power Corporation (NTPC), National Hydroelectric Power Corporation, ESSAR, GMR, Nuclear Power Corporation and LANCO. NTPC is the largest power generator in India. Hence, the major responsibility of increasing the power generation capacity falls on NTPC. With an investment of 300 million USD, it has approved the plan to set up a merchant power plant of 4 x 150 MW hydroelectric power project at Loharinag-Pala.
NTPC was set up 30 years ago and has come out as a truly national corporation. It has power generating facilities across all major regions of the country. It is majorly owned by The Government of India, with only 10.5% of its shares listed in the stock market since 2004.
India Power Sector Performance: “Indian Power Sector (2006)”, a market research by RNCOS says that with power generation of 651 Terawatt- hours in 2004-2005, India ranks fifth after U.S., China, Japan and Russia. Year 2005-2006 saw the growth of 5.1% when 617 BU electricity was generated and 99.3% of the target was met.
As per the analysis done by RNCOS, the power generation capacity needs to be doubled by 2016, so that the peak time demand as well as the growing demand in the different regions is met.
The report looks at:
• The Indian Power Sector
• The driving forces and challenges of The Indian Power Sector
• The Growth Prospects & Future Scenario of The Indian Power Industry
The report contains discussions on various aspects of the Indian Power Sector.
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