A sector in trouble

Power equipment maker Bharat Heavy Electricals Ltd’s chief B.P. Rao recently pointed out that there was a marked slowdown in private sector interest in electricity generation. Between 2008 and 2010, tenders for projects worth 30-40,000 megawatts (MW) were floated. Last year, this dropped sharply to 4,000 MW; this year, there have hardly been any deals, Rao said. This development should be seen in the perspective of the larger issues that plague the power sector.

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