I was asked my opinion by a niche player in the renewable Energy sector about the viability of setting up a pilot unit with a Power Purchase Mode of operation in India.
My reply was swift :"Don't touch the power generation sector In India with a barge pole unless you want to lose your investment, irrespective of what a hustler may have pitched or a government officer promised. But you may come in as equipment vendors, that to after ensuring that costs and profits are covered in the 80 % of the quoted price."
Instead of wasting time on a long narrative describing the woes plaguing the sector from defaulting, corrupt DISCOMs( Power Distribution Companies) to how multi-million dollar investments are turning NPAs from the Mini and Micro Hydel Projects of the early 2000s to the Gas Turbine Thermal Stations from the Reliance Gas Bubble days, then the Wind Power generators who have lost their wind and now the solar industry on the threshold of folding like a house of cards: I just sent a few links of article from the recent years from the Indian pertaining to the current scenario in the power sector to help them make up their mind. Never heard from them again...talk about shooting your own foot...
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