Energy

India is facing a runover from the multi national companies to invest in the booming energy industry with rapidly increasing population and growing urbanization which has put immense pressure on energy and natural resources.

India’s energy consumption growth has also recorded a significant increase within this economic environment but is plagued with under capacity, inefficient in generation, distribution and transmission.

Although India is the fifth largest energy consumer in the world, the country’s per capita energy consumption continues to be well below the world average and has significant potential for growth.

India is predictably going to assimilate a GDP of 5 trillion USD economy and a population of 1,5 billion by 2030 which will swell demand for critical resources and enhance greenhouse emissions and in this context India has a unique opportunity to pursue development, energy security, administer emissions while creating world scale clean technology industry and to achieve this investment of 2-3% of GDP will be inevitable.

India’s power sector and the oil and gas sector are expected to undergo major expansion, as the country’s energy sector gears itself to sustain economic growth rates of above 6% over the next 5 years.

Natural gas is a growing alternative to coal and to harness this valuable resource the industry must set up infrastructure for the supply and distribution of natural gas.

India's power sector will generate revenue of US$ 282 billion during the Twelfth Five Year Plan (2012-17) and the plan is to generate 17,000 mega watt (MW) power during the referred period.

The Power grid corporation of India is completing investment of 12,34 billion USD in the energy sector by 31. March 2012.

India Power Corporation Ltd will invest 5,95 billion USD is different areas of energy by 2015.

State owned power producer National Thermal Power Corporation will invest about 22 billion USD to set up India's largest hydropower project and will have a generation capacity of 9,500 mega watt.