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Sarkaritel.com News and Features
800,000-MegaWatt capacity
by 2032: R V Shahi
New Delhi, December 21, 2006
Taking a major leap into the development of Power and
Energy, the country will witness a quantum growth of 800,000
megawatt capacity by 2032 said Secretary, Ministry of Power,
Mr. R V Shahi, at a conference on "Merchant Power- Towards
developing Power Markets"
Merchant Power Plants which are likely to contribute as
much as 10-15% of the supply to achieve this target are
absolutely essential for the project. To realize 10,000 to
15,000 megawatt projects by the next five to 10 years, the
Working Group set up under PFC will prepare a project report
and identify 24 sites for Merchant Power project development.
Referring to financing of merchant power, Mr Shahi said
"The Ministry prefers recourse financing. The industry should
constantly introspect and work on balance – sheet based
financing.
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