Indian economy is growing as one of the fastest economies in the world and hence naturally the demand for energy in particular, electricity is also increasing rapidly, says about 8-9% every year. Indian Electricity consumption is at the sixth position globally with 606 units per capita and consumption per capita per annum and is expected to increase to increase to 1000 units by 2012.
Rapid industrialization, rapid urbanization, increase in per capita consumption as well as increasing population, all put together are driving rapid increase in requirement of power. Hence there is increasing opportunities for private sector to enter into the area of power generation and distribution. To further support this, the Union Government is contemplating according the status of infrastructure to power generation utilities.
Power is an essential requirement for all facets of modern life and has been recognised as a basic human need. It is the critical infrastructure on which the socio-economic development of the country depends. The growth of the economy and its global competitiveness hinges on the availability of reliable and quality power of competitive rates. The demand power in India is enormous and is growing steadily. The vast Indian power market today offers one of the highest growth opportunities for private developers. India is endowed with a wealth of rich natural resources and sources of energy. Resources for power generation are unevenly dispersed across the country. This can be appropriately and optimally utilized to make available reliable supply of electricity to each and every household. Electricity is considered key driver for targeted 8 to 10% economic growth of India. Electricity supply at globally competitive rates would also make economic activity in the country competitive in the globalize environment.