AES, the US utility with operations in 29 countries, plans to spend as much as $15bn to increase capacity in India and get 10 per cent of its revenue from the South Asian nation in five years.
“A big part of that would be financed by banks,” Chief Executive Officer Paul Hanrahan said in an interview in New Delhi, reported Bloomberg. “The equity piece would be about $4bn to $5bn.”
Prime Minister Manmohan Singh’s government plans to tap private investments as it plans to double infrastructure spending in India to $1 trn in the five years ending 2017. Asia’s second-biggest energy consumer is adding electricity- generation capacity to reduce blackouts and fuel an economy that grew at the fastest pace in more than two years in the three months ended 30 June. More at:
http://www.powergenworldwide.com/index/display/articledisplay/2325682286/articles/powergenworldwide/coal-generation/new-projects/2010/11/aes-plans__15bn_spending.html
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