New Energy research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 03/07/2013 -- BMI View: In light of India's economic and demographic growth, we expect power consumption to increase from an estimated 697.65 terawatt hours (TWh) in 2011 to 1286.19TWh in 2021. The country's 12th Five-Year Plan anticipates energy demand will grow by 6% per annum and electricity capacity will expand by 100 gigawatts (GW). Critical to the plan is the focus on measures to combat the continued rise in India's dependence on imported energy, and a move to favour diversification towards renewable sources as well as nuclear. The FY2012/13 budget announcement is indicative of this focus, with the Indian government initiating a series of incentives and measures that will benefit the power sector.
The key trends and developments in the Indian electricity market are:
- Several developments in H212 within India's renewables industry highlight the continued interest the sector is receiving from private investors and the political will that underpins it. We expect further significant growth in the industry, and maintain our belief that renewables present significant investment opportunities. However, we highlight that renewable-generated electricity is unlikely to contribute significantly to the country's overall power generation capacity. This is founded on our concerns about the sheer size of India's electricity market, coupled with our long-held view that the renewable industry will not reach its full potential.
- India's coal shortage looks set to intensify as the weather turns wetter and colder. At the heart of the problem lies the inability to launch a new mining bill that will address the sector's poor business environment, as well as state-owned coal miner Coal India's inability to maximise the country's coal potential. We believe coal shortages are likely to remain a downside risk to Indian power producers and infrastructure activity over the short to medium term.
- In the worst electricity disruption in a decade, two separate grid failures cut power supply to more than 600mn people in 22 states at the end of July 2012. We believe the disruption is likely to have come about as a result of the lack of investment in India's transmission and distribution network, as well as in the broader electricity market. Consequently, we believe the July disruption could be the spark that ignites a wave of long-needed reform in India's electricity sector.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Energy research reports at Fast Market Research
You may also be interested in these related reports:
- Poland Power Report Q1 2013
- China Power Report Q1 2013
- Mexico Power Report Q1 2013
- Czech Republic Power Report Q1 2013
- Global Power Survey 2012-2013: Market Trends, Marketing Spend and Sales Strategies in the Global Power Industry
- Global Power Survey 2012-2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Power Industry
- Power Quarterly Deals Analysis - M&A and Investment Trends, Q1 2011
- Brazil Power Report Q1 2013
- Vietnam Power Report Q1 2013
- Cambodia Power Report Q1 2013