INTERNATIONAL POWER EQUIPMENT SUPPLIERS RACE TO SUPPLY BOOMING INDIAN GENERATION MARKET
November 1st, 2008
BY RAGHAVENDRA VERMA
AN ADDITIONAL power generation capacity of 78,000 MW with an emphasis on hydro and low-carbon power generators such as solar and wind energy, with an investment of US$250 billion: this is what India aims to achieve by 2012 to narrow down the huge demand and supply gap that has lead to chronic power shortages in a rapidly growing economy.
According to an Indian central government report the country's power generation will need to grow four to five times the current capacity to keep up with its desired economic growth of above 8%. Presently, ...
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