Coastal Energen Private Ltd, the power generating flagship company of Dubai-based Coal and Oil Group, on Wednesday extended its support to India and particularly to Tamil Nadu to meet the anticipated shortfall of power in future.
In his presentation on the power scenario to the captains of the industry in Coimbatore, company founder President and CEO Ahmed A R Buhari said if the power-intensive industries announced by the Centre were implemented, India might face a capacity shortfall of 95 GW to 140 GW by 2017 with a peak deficit of about 70 GW.
The country's power demand was to rise from the present 120 GW to 315-335 GW in the next 10 years and its incremental power demand would be second only to China, Buhari claimed.
Stating that India's annual electricity consumption was set to grow at 8-10 per cent per year, he said the country may require about Rs.24,000 crore investment over the next 10 years to meet its demand.
Tamil Nadu would face a shortfall of 3,300 MW by 2011, Buhari said addding the company, which has a 1200 MW power plant in Tuticorin, would help the state in meeting the situation.