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India's Adani Power puts 6,500 MW expansion on hold

Discussion in 'World Economy' started by tariqkhan18, Dec 27, 2011.

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  1. tariqkhan18

    tariqkhan18 Major Staff Member ADMINISTRATOR

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    MUMBAI Dec 27 (Reuters) - India's Adani Power has put on hold its 6,500 megawatt of capacity expansion plan due to lack of clarity on coal supplies, Chief Executive Officer Ravi Sharma said on Tuesday.

    While the country holds 10 percent of the world's coal reserves, power companies often struggle to access local supplies due to environmental and land acquisition delays, forcing expensive imports.

    Coal accounts for 55 percent of India's power generation capacity of 182,344 megawatts.

    Earlier this month, the company had said it was confident of installing 16,000 MW operational capacity by FY2012. (Reporting by Ketan Bondre)

    India's Adani Power puts 6,500 MW expansion on hold | Agricultural Commodities | Reuters
     
  2. vikas jat

    vikas jat Captain SENIOR MEMBER

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    we need good policy to insure fast clearance on multiple issues from a single window so that because of long beurocratic delays our development not suffer at any cost that should be the priority
     
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