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Web Exclusive | October 2012

Pvt power firms to add 60% capacity: ICRA

Rating agency ICRA has said that power companies from the private sector are expected to contribute over 60 per vent of the total power generation capacity addition targeted for the 12th Five Year Plan.

Power sector is expected to add around 54,000 mw of capacity during the 12th Plan out of the 88,000 mw target, ICRA said. Currently, thermal capacity of about 85,000 mw is under construction across the country, of which nearly 63 per cent is being undertaken by the private sector, it said.

In the 11th Plan period, 54,962 mw was added, of which nearly 42 per cent was contributed by private sector. According to the report, nearly 80 per cent of the total 54,000 mw capacity to be added by the private sector during the period, is likely to come up in the next three years.

Capacity addition from FY16 could be adversely affected due to deferment of fresh investment plans and slow progress in revival of many projects under planning stage, ICRA noted.

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