New market study, "India Power Report Q3 2014", has been published

From: Fast Market Research, Inc.
Published: Thu Aug 21 2014

We maintained our forecasts for the Indian electricity sector this quarter as our assumptions remain relevant. We highlight that certain key themes - namely continued weakness in the economy, further coal shortages, and poor regulatory frameworks - are likely to remain prevalent even in the long term. From a long-term perspective, we expect thermal energy to maintain its position as the backbone of the Indian power sector, but believe it is unlikely the Indian government will meet its electricity capacity and generation targets.

We maintained our 2014 forecasts for electricity generation and consumption in India as our short-term assumptions remain relevant. We had revised down our forecasts in our previous analysis of the sector due to challenges in the power sector that resulted in major power shortages, as well as our more cautious outlook for the Indian economy and find the situation remains largely unchanged.

Full Report Details at

We have also maintained our medium- to long-term forecasts for the Indian power sector this quarter. We expect electricity generation to grow an average of 5.5% per annum between 2014 and 2023, driven mainly by thermal and renewable energy. We highlight a number of key themes will remain prevalent in the Indian power sector over the long-term.

Key Trends And Developments

* The victory of Narendra Modi in the 2014 elections is positive for the sector as he is likely to introduce reforms to the power sector that focus on reducing red tape for new projects and improving fuel supply.
* A report by the Central Electricity Authority revealed the country faced a power deficit of over 12,000MW during peak hours in FY2012-13 (April-March).
* Coal India increased the price of low-grade coal by 10% on May 27 and this grade of coal is most commonly used in electricity generation.
* Renewable energy is growing increasingly bankable and many Indian utilities and companies are investing in the sector.
* Despite ambitious plans by the Indian government...

The India Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The India Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

* Use BMI's independent industry forecasts for India to test other views - a key input for successful budgeting and strategic planning in the power market.

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