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Indian Power Sector Faces $102 Billion Shortage of Funds


Industry Segment: Power | Word Count: 791 Words

BANGALORE, INDIA--September 15, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The Indian power sector is hampered by a shortage of funds of about $102 billion in power generation projects. The Indian Minister of State for Power, Bharatsinh Solanki, presented the grim scenario while addressing "India -- Electricity 2009," a three-day trade fair organized in New Delhi late last week by the Federation of Indian Chambers of Commerce & Industry (FICCI) (New Delhi).

Other companies featured: Rural Electrification Corporation Limited (BSE:RECLTD), Power Finance Corporation Limited (BSE:532810), Bharat Heavy Electricals Limited (BSE:500103)

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