Eic Report on Power Sector

EIC Report
Power Sector – Suzlon, NTPC

Name Roll No.
Richa Banga 65
Rachita Banka 66
Rohit Haldankar 79
Komal Parwani 100
Vineet Thakkar 103

Indian Economy
The economy of India is the ninth largest in the world by nominal GDP and the third largest by purchasing power parity. The Indian economy has continuously recorded high growth rates in the recent past and has become an attractive destination for investments. One of the main factors behind this is the economic reforms of 1991. India’s GDP is approximately $1.9 trillion. It is expected to grow at around 7.5 per cent, according to Dr Manmohan Singh, the Indian Prime Minister. The contribution of agriculture to the GDP is 18.1%, that of services is 55.6% and that of industry is 26.3%.
The Government of India has set ambitious targets for more than US$ 1 trillion to be invested in infrastructure over the Twelfth Five Year Plan—more than double the amount invested in the previous five-year period, according to Eredene Capital PLC's 2010-11 annual report. Moreover, the Government of India has been ranked fifth in wielding economic clout globally after the US, China, Japan and Germany, and ahead of European powers France and the UK, according to a study authored by Kaushik Basu, Chief Economist Advisor.
Power Sector in India
Industry statistics
India accounts for 4 % of global power generation, and has the fifth largest generation capacity in the world with an overall installed capacity of 159,398.50 mega watt (MW) as on March 31, 2010 according to a report by Cygnus Business Consulting & Research.
The total installed generation capacity in the country as on September 20, 2011 stood at 182,344.62 MW, with thermal power contributing 118,695.98 MW, nuclear 4,780.00 MW and hydro power 38,706.40 MW, according to Central Electricity Authority data.
The Indian power and distribution transformer sector registered revenue of US$ 2.67 billion during 2009 and it is estimated that it will... [continues]

Read full essay