Authors

Jonas Bhutta
and Bharat Parekh

Research organisation

Bank of America Merrill Lynch

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India Hydro Sector: Multiple Headwinds; Be Selective

Report Date

May 2012

Release Date

June 2012

Document summary

The India hydro sector will continue to be affected by multiple handicaps of time and cost overruns, increasing environmental protests, ad-hoc changes in state policies, inherent disadvantage to thermal utilities and under-recoveries. Initiatives on allowing additional RoE on CWIP and change over to “time-of-day” tariffs though could help in reviving investor interest in the sector.