One thought came to me last night when I was trying to see how things can be in the Indian power sector in 5-10 years from now, especially on the Nuclear power side.
NTPC plans to initiate nuclear power. Reliance Power also has plans to set-up a nuclear power plant as well – that may happen, and RNRL could become supplier/owner of Uranium mines. This scenario could come sooner is RNRL lost the court case because they may want to use other options.
Everyone in India is doing a JV with Nuclear Power Corporation of India Limited (NPCIL) and Uranium Corporation of India Limited (UCIL). Continue reading Future Uranium Suppliers in India
We all understand that increased power generation is critical to the infrastructure and development of India. As you may know, India has one of the lowest per capita electricity consumption in the world. Despite generation capacity growing 100 times since 1947, the supply has continuously trailed behind demand, with an average gap of 9%. Continue reading Indian Power Sector Poised For Strong YoY Growth
JSW Energy’s IPO is coming up on 7 Dec 2009. The above video shares some key thoughts from Sajjan Jindal, VC and MD of JSW Steel, who believes that in 3-4 years, merchant tariff rates will converge with PPA rates from independent power plants, including his own.
JSW Energy is also keen to have super critical thermal power plants and also nuclear power plants if possible in future.
Point to note: Sajjan Jindal has a track record in creating wealth from technology investments. We will be happy to see his involvement in decisions related to power plant choices.
For investment returns from JSW Energy, he feels a 20-25% ROE (return on equity) will make him and his investors happy. We agree.