India's Power Sector Outlook
The Power & Energy
Infrastructure sector in India is poised for a major take-off. The
APDRP (Accelerated Power Development & Reforms Programme 2002 - 2012)
has seen an addition of around 22,000 MW during last five years. And
during the next five years, a capacity addition of over 78,000 MW has
to be setup by 2012. (A commitment of 15,600 MW capacity addition per
annum).
The Market Potential to
sustain the GDP Growth rate of India @ 8% plus per annum needs the
power sector to grow at 1.8 - 2 times the GDP rate of growth as
espoused by economists, planners and industry experts. This would mean
a YOY capacity addition of 18,000 - 20,000 MW to achieve this
ambitious plan of moving India to a Developed Economy status, as an
Economic Global Powerhouse. The Target Mission : ‘POWER for All by
2012’ would mean achieving the target of 1000 KwHr (Units) of per
capita consumption of electricity by this period.
To achieve this goal,
following milestones are critical :-
• Attract US $ 250 Billion Investment into the sector.
(FDI & Domestic
Investment Combined)
• Adequate Capacity Growth to Sustain GDP Growth at 8% plus.
• Reliable & Quality Power On 24 x 7 basis, at least
in Urban &
Industrialized areas.
• 100% Rural Electrification with Adequate & Qualitative Power
for
irrigation purpose.
• Increasing the Role of Hydel & Renewable Energy in the Energy Mix.
• Urgent need to develop the alternatives, both
in the Fuel &
Technology terms.
• Focus on implementation (Outcomes are more important than Outlays)
-
as espoused by the Indian Prime Minister, Dr. Manmohan Singh |
