Sanjiv Goenka, Vice Chairman, CESC said that Indian utilities have the opportunity to grow at a faster rate than global peers. He added that he would attribute premium valuations for Indian utility companies given the huge opportunities.
Goenka said that the company will be adding 4250 MW of power capacity soon, 2250 in Vengal and 2000 in Haldias. According to him, cheaper power can be generated in companies are close to the source of power. Goenka added that they have been allocated 110 mt of coal.
Most of the planned projects will become viable in the utilities sectors Goenka said adding that efficiencies are constantly improving thus helping counter increased fuel cost. According to him, the company will work at reducing costs by getting into captive coal mining. He added that KEC is principle for growth in the EPC sector and that they expect better growth going forward.
Goenka said that the company will be adding 4250 MW of power capacity soon, 2250 in Vengal and 2000 in Haldias. According to him, cheaper power can be generated in companies are close to the source of power. Goenka added that they have been allocated 110 mt of coal.
Most of the planned projects will become viable in the utilities sectors Goenka said adding that efficiencies are constantly improving thus helping counter increased fuel cost. According to him, the company will work at reducing costs by getting into captive coal mining. He added that KEC is principle for growth in the EPC sector and that they expect better growth going forward.
Source : Money Control
16th November, 2007