India turns lender from borrower

[Major Shaitan Singh]

Country helping IMF to bail out other nations as it continues to register healthy growth.

Twenty years ago, India had to borrow $6bn from the International Monetary Fund to prop up its economy.

Now, however, New Delhi is helping the IMF bailout some of the world's more developed countries.

The country's economy is expected to grow by 7 per cent in 2012, a percentage low by recent standards but higher than most around a recession hit world.


India turns lender from borrower - Central & South Asia - Al Jazeera English

 

[IndianTiger]

Great news good going india..

 

[T90TankGuy]

if i am not mistaken we started to contribute about 3 yrs ago to the IMF , to lend to others.

 

[Bobby]

Great.....Now our biggest challenge is poverty...Nitish is working great with Bihar...states like Bihar, Orisa and UP need to come up

 

[IND151]

good news.

i am very happy

if i am not wrong we gave 41 billion $ to us as loan and 25 billion $ to IMF

 

[Dr. NooB NinjA]

good news.

i am very happy

if i am not wrong we gave 41 billion $ to us as loan and 25 billion $ to IMF

Whoa, that is **** loads..!! I am not very sure about the numbers though...!!

 

[LiberalAtheist]

money goes from India to IMF from IMF to Pakistan. quite ironic don't you think?

 

[DrSomnath999]

Great.....Now our biggest challenge is poverty...Nitish is working great with Bihar...states like Bihar, Orisa and UP need to come up

of course orissa has slightly come up from proverty as compare to earlier ,but naxalite areas havent improved yet

 

[IFB]

How about using that money to set up more power plants and stuff to get the country 24X7 power supply...i think will be even better than lending money to third parties huh?

 

[Backbencher]

money goes from India to IMF from IMF to Pakistan. quite ironic don't you think?

Good observation mate .

 

[Raje amar]

How about using that money to set up more power plants and stuff to get the country 24X7 power supply...i think will be even better than lending money to third parties huh?

we are working on that. a lot of public & privet companis setting up power plants in the country. by the end of this decade India will have surplus energy than it needs.

List of Top Power/Electricity Companies/Utilities in India – Growing Exponentially
2 Mar, 2011 Energy18 CommentShare37

ShareThisIndia’s Electricity is set to see a huge boom as the 8-9% economic growth rates require massive amounts of energy.India is planning to nearly treble its electricity capacity to almost 450 GW by 2020 from around 160 GW now which means a yearly addition of nearly 23 GW in the next decade.Currently India’s Electricity comes mostly from Coal and Hydro Based Energy.Almost 50% of Energy Requirements and 53% of the Electricity is generated from Coal.Despite Coal being the the Dirtiest Form of Energy,India has got little choice in the matter.Most of India’s upcoming Electricity Plants are based on Coal.Hydro Energy is generated mostly from India’s Northern Himalayan States.Renewable Energy forms only 7.7% of the Capacity with around 11 GW of the 16 GW from Wind Energy.Nuclear Energy is around 3% of the total capacity at around 4.5 GW.Here are the list of the major power utilities in the country which is currently dominated by the state run PSUs.However the next decade should see the rise of private electricity companies.

1) NTPC with around 33 GW of power generation capacity is India’s largest power utility by far and is planning to more than double that capacity to 75 GW by 2017 .The company mainly depends on coal and gas based power but is diversifying into gas,hydel,nuclear and solar power as well.It is one of the best run state owned companies and has executed well in building as well as running old plants.The company is one of the most valuable companies in terms of market cap as well wit ha market cap of nearly $35 billion.

2) NHPC – State owned like NTPC,this hydro power focused power company came out with an IPO with much fanfare.However slow implementation and lower profits have resulted in the stock prices declining a lot.However the company aims to double its electricity generation of 5 GW in the next 5 years or so by focusing on hydel generation in the Northern states of India.

3) Tata Power – The largest private utility in India has ambitious plans to grow like the other private sector companies in India.The company has interests in electricity distribution as well.Tata Power has a presence in thermal, hydro, solar and wind areas of power generation, transmission and retail with a capacity of nearly 3 GW.Tata Power is building numerous power plants and transmission projects in JV.

4) Reliance Power – Reliance Power part of the ADAG Group came out with the biggest IPO of its time before the Lehman crisis.The company part of the ADAG Group has the most ambitious expansion plans in the country.The company is raising huge amounts of capital from Chinese banks and placed the largest power equipment order with Dongfang Electric.The company is currently constructing 3 4000 MW projects and has plans of building 35 GW capacity with a mix of hydel,gas and coal based plants.The company also win a solar thermal project in JNNSM bidding.

5) Adani Power – Power Limited is part of Adani Group with capacity of 1980MW.The company currently operates India’s only super-critical power plant in Gujarat. The company is currently implementing 16500 MW at different stages of construction..The company is currently implementing thermal projects of 3300MW at Maharastra and 1320MW at Rajasthan.The Adani Group has bought coal mines outside the country and with its port and shipping companies forms an integrated coal to power story.

6) Damodar Valley Corporation – DVC is a state owned organization with interests in flood control, irrigation, generation, transmission and distribution of electricity located in the Damdoar Valley in the east of the country.There are hydro-electric power stations at Tilayia, Maithon and Panchet, with total installed capacity of 144 MW.DVC operates thermal power stations at with total capacity of 2745 MW. DVC is expanding its thermal power capacity and with the completion of its present plans by 2012 it would be generating more than 11000 MW of power

7) Lanco Infratech - Lanco is fast emerging Andhra Pradesh based Group and has become a top private sector power developer with 2 GW capacity and another 18 Gw under development.Lanco through its step down Australian subsidiary, Lanco Resources Australia, has acquired Griffin Coal Mining Company and Carpenter Mine Management.

SJVN – SJVN is the second largest hydel power company in India which is a JV between the Indian government and the Himachal Pradesh state.The company owns the largest hydro plant in India the Nathpa Jhakri Hydroelectric 1500 MW Power Project .The company is trying to expand like NHPC but has been facing execution problems.

9) Nuclear Power Corporation of India( NPCIL) – Another state owned company,NPCIL is focused on generating Nuclear Power.The company operates around 4.5 GW of Nuclear Capacity in 6 locations.The company is expected to expand hugely in the future with India planning to add around 2 GW of Nuclear Power over the next decade.

10) CLP Power - CLP India Private Ltd. is a wholly owned subsidiary of CLP Holdings, a leading investor-operator in the Asia Pacific energy sector.CLP is also the largest foreign investor in Wind Power in India with over 450MW of wind power projects which are spread across 5 states. This apart, it is also in the process of developing a 1320MW coal firedpower plant located at Jhajjar, Haryana, which is due for commissioning in Dec 2011.It also owns a gas power plant in Gujarat.

11) Neyveli Lignite Corporation -Neyveli Lignite Corporation is a PSU like NTPC and is also involved in lignite mining company in India. The company is mainly based out of the southern state of Tamil Nadu and mines some 24 million ton of lignite per year with an installed capacity of 2490 MW<

12) Torrent Power - Like Adani Power,it is a Gujarat based company with interest in both transmission and generation.Torrent has a generation capacity of 1647.5 MW and distributes power in Ahmedabad, Gandhinagar, Surat, Bhiwandi and Agra.It is expanding in Gujarat and Uttar Pradesh.

Other Private Groups that are setting up big power capacities are JSW Energy,Sterlite Energy,GVK Energy,Moser Baer,Welspun Energy,Essar Energy,GVK Power.There are also state owned and run Power Generation Companies Punjat State Power,Haryana Power Generation,Gujarat State Energy etc.Orient Green Power,Greenko are green focused utilities with big expansion plans.


List of Top Power/Electricity Companies/Utilities in India &#8211; Growing Exponentially | Green World Investor
if i am not wrong we gave 41 billion $ to us as loan and 25 billion $ to IMF

i seriously doubt the figures, we have started contributing, but to that extend????????
some one better provide source of the data.........

 

[illusion8]

of course orissa has slightly come up from proverty as compare to earlier ,but naxalite areas havent improved yet

What are the main concerns of the naxalites? and can it be addressed? I know that they keep surrendering their arms in droves but then the movement hasn't died down completely. If its poverty then why do they keep opposing any developmental project or factory/ plant in those areas? If its corruption than all of India has that. so what exactly is it?

 

[AyanRay]

good news.

i am very happy

if i am not wrong we gave 41 billion $ to us as loan and 25 billion $ to IMF

You are partly right. But these are not loans but investments. I know India has bought US treasury bills worth billions of dollars. Its better to invest our idle forex reserves into some safe and productive assest