India needs to triple energy capacity to meet demand
India needs to triple energy capacity to meet demand
India needs to add the equivalent of about half the electricity generating capacity of the UK each year - or about 30 gigawatts - if it is to maintain its present rapid rate of economic growth, a new report shows. Yet the country in the past decade has managed to build an average of only 4GW of fresh capacity a year, a fraction of what the study by McKinsey & Co estimates will be required if the economy is to continue to expand at 8 per cent a year.
Publication Date:
04/06/2008