‘India to add 300,000 MW capacity over next decade’June 30th, 2008 - 11:03 pm ICT by IANS
New Delhi, June 30 (IANS) India will add 300,000 MW of power capacity over the next decade presenting an investment opportunity of $600 billion, according to a leading management consulting firm. In a report released Monday on ‘Powering India: The road to 2017′, McKinsey said: “Of the total investment, $300 billion is required for generation, $110 billion for transmission and $190 billion for distribution.”
By 2017, this sector will present an annual profit pool of $135 billion to $160 billion, as the demand of power will increase by 300 GW by 2017, the report said.
Minister of State for Power Jairam Ramesh, who released the report here, said the manufacturing capacity of power equipment in the country would reach about 25,000 MW annually by the end of 2012.
“The public sector power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) alone will add to about 15,000 MW, and private players will add 10,000 MW by the end of 2012,” he added.
The minister added that the biggest bottleneck for the 11th plan capacity addition would come from the balance of plant (BoP) equipments.
Speaking at the ceremony, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said the participation of private companies in the power sector was a healthy sign and this would increase up to one-third of the total investment by end of 11th five year plan.
In the 11th plan period (2007-2012), the government is planning to add about 78,000 MW capacity of power to meet the country’s growing demand.
Tags: balance of plant, bhel, bottleneck, capacity addition, deputy chairman, electricals ltd, equipment manufacturer, five year plan, gw, investment opportunity, jairam ramesh, management consulting firm, mckinsey, minister of state, montek singh ahluwalia, plan period, planning commission, power sector, private companies, private players