India Report 2009
India Report 2009
The world has changed so drastically in just a few months. At this time last year, India was enjoying one of its highest growth rates. But that was not to last as it now faces a slowdown. Nonetheless, the country is pressing ahead with its infrastructure plans. Minerva Lau writes.
Financing IPPs – The context
India is well on course to commercialise its electricity sector. By Abhay Rangnekar, managing director and head of project finance (India) and Sameer Usgaonkar, director of project finance (India), Standard Chartered Bank.
Adani's phased approach
Diversified conglomerate Adani Group has secured US$928m of project finance for its 1,320MW Mundra Phase III project. Vijesh Thota, manager, SBI Capital Markets, describes how this significant deal was transacted.
Building the power base
Reliance Power was not even exactly existing two years ago, but since its listing on the Indian domestic stock exchanges in February 2008, it has become the largest family-owned power house in the country. Minerva Lau writes.
The power to exchange
The Indian power market has a history of about 128 years. It has come a long way from one small hydro power plant in Darjeeling in 1880 to the production and distribution of more than 660bn units in 2007/08 and to the establishment of power exchanges in 2008. By Rupa Devi Singh, managing director and CEO, Power Exchange India.
Roads on a journey
India has one of the largest road networks in the world, aggregating to 3.34m kilometres, consisting of national highways, expressways, state highways, major district roads, other district roads and village roads. By Ankit Patni and Gowri Vaidyanathan of IDFC SSKI.
Funding the Gurgaon express
For a country of India's size, an efficient road network is necessary both for national integration as well as for socio-economic development. By Abhishek Tripathi, Axis Bank.
Mumbai One - Funding a PPP
Mumbai One is the first metro rail project to be implemented under the public-private partnership (PPP) scheme, as a part of the master plan drawn by MMRDA envisaging an MRTS. By Yashpal Gupta, deputy general manager, structuring, syndication and advisory, at IDBI Bank.
Ready for take-off
The PPP experience with five private airports (two brownfield and three greenfield) under operation, has been encouraging so far. By Arvind Mahajan, Manish Agarwal, Manish Sharma and R Lakshminarainan of KPMG.
Towers answer the call
The India telecom tower industry is headed for further growth and increased competition despite continuing problems in securing financing on both a debt and equity level. By John Arbouw.
Private equity opportunities
India’s all round economic expansion during the last seven to eight years points towards the fact that the country is on a growth trajectory and becoming a transformational economy. By Manash Mitra, head & CIO, Infrastructure PE Fund of UTI.
