India needs investments of over $250 billion in power sector

India needs investments of over $250 billion for development of the power sector in the next three years, says a report. ‘Total investment of over $250 billion is required for development of the power system during the 12th plan,’ Integrated Research and Action for Development said in its report. This will give an ample opportunity for investors, developers, power equipment manufacturers in developing power projects and associated transmission infrastructure, it said. During the Twelfth Plan period (2012-17), India plans to add 88,537 mega watt (MW) of capacity, of which 69,280MW will come from coal. The government has planned an additional renewable energy capacity addition of around 30,000MW (5,000MW of wind, 10,000MW of solar and 2,100MW of small hydro power). Currently, India’s installed generation capacity, from all sources of energy, is close to 250,000 MW, according to livemint.com