• Connect With Us:
  • Indian steel producer announces plans for $7.7 billion of hydropower development

    NEW DELHI, India 6/20/12 (PennWell) -- A shortage of coal has led Indian steelmaker Jindal Power Ltd. to announce its plan to spend US$7.7 billion on hydroelectric projects over the next decade, HydroWorld.com has learned.

    The investment would create 6,100 MW of hydropower capacity in India's Arunachal Pradesh.

    "The biggest positive for us will be that for the next 45 years, we will have plants that run steady without troubles coal-fired ones face," Jindal official Jayant Shrinivas Kawale told an Indian news source.

    Jindal says clean energy incentives being offered by India's state and federal governments are one motivating factor for the switch.

    Currently, about 60% of the country's energy is produced by coal, although the government allows hydro operators to sell as much as 40% of their output at market rates instead of the state-administered rates faced by other forms of energy.

    Jindal says it hopes to have approval for its first project within a year, with commissioning of that project within seven years. 

    HydroWorld.com reported in April that India's power ministry has set a goal of adding 10,000 MW of hydroelectric power generation within the next five years. Indian state Jammu and Kashmir also recently announced its commitment to adding 8,000 MW of hydropower capacity in the next decade.

    Hydro Industry Financials

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Nanning Lijie Energy Saving Electric Co Ltd

    Nem Chand & Bros

    Providing all kind of technical publication inc...

    Sanghvi Forging and Engg Ltd

    Supplies forgings from India. The company is a...

    Asian Industries

    Manufacturers and exporters of rubber seals for...

    Bhawani Industries Ltd

    STEEL CASTINGS UPTO 90 MT SINGLE PIECE - HOT RO...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    12/01/2013
    Volume 32, Issue 10
    file
    11/01/2013
    Volume 21, Issue 6
    1311hrw-cvr

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space