Page 19 - Money in Energy
P. 19
Money in energy -Investment Opportunities and risks 2010
India is gifted with economically exploitable and feasible (large) hydro potential
assessed to be about 100,000 MW. In addition, it is estimated that the country
has over 15,000 MW of small and micro hydro potential. (Source: MNRE)
Indian geothermal power is another active renewable resources of energy in
India that have the capacity to produce 10,600 MW of power. However, this
sector is just beginning to get explored.
Realising the potential for energy from renewable sources, the government set
up the Ministry of Non-conventional Energy Sources (MNES) way back in 1992 -
now called MNRE. This ministry's activities are directly controlled by the Prime
Minister. MNRE activities promote renewable energy technologies, an
environment conducive to promote renewable energy technologies and
renewable energy resource assessment.
The Indian economy is poised for strong growth which may be seen from these
pointers:
India and China are leading the world's economic recovery. India has had high
GDP growth rate last few years (over 8%) and this is expected to continue with
a forecast 7.5% for 2009-10 (source: Reserve Bank of India) .India and China
together will constitute most of the incremental energy consumption by 2030.
(about 80% of the total increase).This combination of abundant natural energy
resources and strong economic growth provides the backdrop.
4.2 Highlights in the Indian Renewable Energy Market
A number of facts and factors make the Indian renewable energy market exciting
for entrepreneurs and investors. Here are some highlights:
•India is the most developed renewable energy market in South Asia, with an
annual turnover of about $500 million.
•India is the third most attractive country to invest in renewable energy,
according to Ernst & Young.
19 Etree Projects Consultants Pvt Ltd.
India is gifted with economically exploitable and feasible (large) hydro potential
assessed to be about 100,000 MW. In addition, it is estimated that the country
has over 15,000 MW of small and micro hydro potential. (Source: MNRE)
Indian geothermal power is another active renewable resources of energy in
India that have the capacity to produce 10,600 MW of power. However, this
sector is just beginning to get explored.
Realising the potential for energy from renewable sources, the government set
up the Ministry of Non-conventional Energy Sources (MNES) way back in 1992 -
now called MNRE. This ministry's activities are directly controlled by the Prime
Minister. MNRE activities promote renewable energy technologies, an
environment conducive to promote renewable energy technologies and
renewable energy resource assessment.
The Indian economy is poised for strong growth which may be seen from these
pointers:
India and China are leading the world's economic recovery. India has had high
GDP growth rate last few years (over 8%) and this is expected to continue with
a forecast 7.5% for 2009-10 (source: Reserve Bank of India) .India and China
together will constitute most of the incremental energy consumption by 2030.
(about 80% of the total increase).This combination of abundant natural energy
resources and strong economic growth provides the backdrop.
4.2 Highlights in the Indian Renewable Energy Market
A number of facts and factors make the Indian renewable energy market exciting
for entrepreneurs and investors. Here are some highlights:
•India is the most developed renewable energy market in South Asia, with an
annual turnover of about $500 million.
•India is the third most attractive country to invest in renewable energy,
according to Ernst & Young.
19 Etree Projects Consultants Pvt Ltd.
