Opening the Indian market. [Market potential for independent power generation in India]

Journal Article · · Independent Energy; (United States)

OSTI ID:7147523

Williams, P L

Despite several remaining questions, India's government is paving the way for foreign investments to help meet the country's capacity shortfall. A high-level delegation from India recently conducted meetings in the United Kingdom and the United States to promote foreign investment in the Indian power generation market. The delegation, led by Cabinet Secretary Naresh Chandra, met in late May and early June in London, Washington, Houston, New York and San Francisco to discuss October 1991 amendments to India's electricity law and policy changes designed to remove obstacles to foreign investment. The delegation said foreign investments are needed to meet additional capital requirements and to supply advanced technology. The move to the private sector was precipitated by projections of substantial shortfalls in generating capacity during the next five years. The government can supply only 28,000 MW of the estimated 39,369 MW required, and officials hope foreign investors will supply a significant portion of the shortfall. India's existing capacity totals 69,000 MW. This article discusses the opening market for independent power generation in India.

• OSTI ID: 7147523
• Journal Information: Independent Energy; (United States), Journal Name: Independent Energy; (United States) Vol. 22:6; ISSN IDPEE; ISSN 1043-7320
• Country of Publication: United States
• Language: English

Related Subjects

20 FOSSIL-FUELED POWER PLANTS
200600* -- Fossil-Fueled Power Plants-- Economic
Industrial
& Business Aspects-- (1990-)
ASIA
DEMAND
DEVELOPING COUNTRIES
ECONOMIC POLICY
ECONOMICS
FINANCIAL INCENTIVES
FINANCING
GOVERNMENT POLICIES
INDIA
INVESTMENT
MARKET
POWER DEMAND
POWER PLANTS
PROFITS