Monday, January 16, 2012
| Posted by: Grant Thornton
Categories: India, India Watch Issue 15 | Tags: energy, india, renewable energy, private equity, capital, fuel, valuations, coal, renewable independent power producers, power, IPPS, electricity, indian renewables, renewable companies
Power in India is a commodity in demand – mainly sourced by coal. India has the third-largest hard coal reserve in the world, however, the quality is relatively poor due to its low sulphur and high ash content. Additionally, supply is constrained to a small number of inefficient state-owned companies and India’s Ministry of Coal estimates that the demand will increase significantly in 2012. All these factors are attracting domestic and international private investment to the renewables sector.