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INVESTOR WITHDRAWAL FORCES INDIAN GOVT HAND IN POWER SECTOR.

AsiaPulse News

| January 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Jan 1 Asia Pulse - Shaken by withdrawal of global investors one by one in the absence of commercialisation of State Electricity Boards (SEBs), the federal government has been forced to commit to investing in the power sector from 2001 onwards, virtually reversing decade long policy of promoting private participation.

"We have discounted any private investment and have targeted 50,000 mw capacity addition during the Tenth Plan period," says Federal Power Minister Suresh Prabhu on the future of power sector in the country, adding commercial viability of SEBs and implementation of reforms alone could bring back private investors, both domestic and ...

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Source: HighBeam Research, INVESTOR WITHDRAWAL FORCES INDIAN GOVT HAND IN POWER SECTOR.

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