India needs $253B for power projects in 2012-2017

India needs US$ 253 billion as the fund requirement for the power sector during the forthcoming 12th five year plan, from 2012 to 2017.

As per provisional estimates, released in a presentation by the Ministry of Power to a high level committee, expected fund requirements for the generation, transmission and distribution sectors stand at about USD 115 billion, USD 47 billion and USD 90 billion, respectively.

Further, the period is also likely to see a capacity addition of 1,03,000 MW, going by the 12th FYP projections.  

To complement the capacity addition, transmission lines worth 90,000 ckm are proposed to be set up. Also, a transformation capacity addition of 2,29,000 MVA, has been envisaged between 2012-2017.