Being one of the fastest growing economies and the second largest populated country, India represents an attractive destination for the power industry. The working age population is increasing at a rapid pace, thereby creating a strong demand for electricity. The rising consumption of energy validates the fact. In the past few years, there has been a splendid growth in the power generation and capacity and with the proper enactment of several policies; the trend is likely to continue in the coming future. Reforms such as, the Electricity Act and National Electricity Policy will provide the necessary impetus to the Indian power sector.
According to our new research report, “Indian Power Sector Analysis”, state governments in co-operation with central and private players is devising strategies to ensure that the power deficits can be reduced and large number of villages can be electrified. The states are focusing on those aspects of energy, in which they have an edge, such as solar power, wind power, or hydro power. To tap the underlying potential, the states are making targets for capacity additions and funds availability. In other words, the states are complementing the efforts made by the government at the central level with respect to the power sector.
During our analysis of the Indian power sector, we have discovered that the total installed capacity will add nearly 45,000 MW by 2013-14 to the existing production. However, demand is much higher than supply with deficit projected to be more than 12% during 2010-11 in the country. In order to properly address the demand-supply gap, one effective solution lies in the efficient use of renewable energy sources. Renewable energy is the buzz word in Indian power sector and most of the public and private players are coming up with plans to tap the potential market.
The report effectively analyzes the Indian power sector market by focusing on key aspects, such as generation, distribution, and transmission. The report makes an attempt to investigate the current status of development in power sector in various states of India, thereby providing an enlarged and regional view. Moreover, the role of government and private players has also been analyzed in a prudent manner to facilitate our clients in understanding the minute aspects of the sector. Overall, the report is likely to prove as a proper source of knowledge for investors and clients interested for investment in the Indian power sector.
