Market

Quantity and reliability of power supply in India is a major policy issue. With a huge population and a growing economy, installed capacity is 223 GW. It will need to reach 400 GW within the next few years as industrialization continues, more villages get connected to the grid, leakage remains stubbornly high and consumption per capita increases in urban areas. At this time, 308 million people have no access at all to electricity.
India already has the sixth largest installed hydro power capacity in the world, with an installed capacity of 40 GW. Viable hydro power potential stands at 84 GW with further upside from smaller projects.

Concessions under development

571MW Yarjeep Concessions in the State of Arunachal Pradesh

Velcan Energy obtained these 3 concessions on the Yarjeep river in Arunachal Pradesh in July 2007. This cascade of projects (Pauk, Heo and Tato 1) was initially thought to be a 200 MW project. However, detailed hydrological investigations showed that the water flow in the Yarjeep river was much higher than anticipated. The group therefore obtained an increase in the size of the concession from 200 MW to 500 MW from the Government of Arunachal Pradesh in July 2009 as well as the necessary pre-clearance from the Ministry of Environment and Forest in April 2010. The Central Electricity Authority (CEA) of India has estimated the size of this project should be increased to 571 MW. The Group believes it is still the only foreign company to own such a concession in India.