India Likely to Invest 1 Trillion Rupees in Renewable Energy

By RAKESH SHARMA
NEW DELHI -- India expects 1 trillion rupees ($21 billion) of investments over a five-year period ending March 2012 for renewable-power generation, the chairman of Indian Renewable Energy Development Agency Ltd. said Monday.
"An investment of 150 billion rupees has already been made in the first two years of the five-year plan period that runs from April 1, 2007 to March 31, 2012," Debashish Majumdar told reporters.
India plans to add 14.5 gigawatts of capacity to generate renewable power by March 2012.
About 8.8% of India's installed capacity of about 150 gigawatts is renewable-energy based, comprising mainly wind, small hydroelectric, biomass and solar energy projects.
Write to Rakesh Sharma at rakesh.sharma@dowjones.com