India to Invest 1.63 Trillion Rupees in Renewable Energy

NEW DELHI -- India hopes to invest 1.63 trillion rupees ($35 billion) during 2012-17 in additional power generation capacity from renewable resources, India's minister for renewable energy said Monday.
"Capacity addition of 25,500 megawatts during the 12th Plan (2012-17) will need total investment to the tune of 1.63 trillion rupees, which is envisaged mainly as private investment," Minister of New and Renewable Energy Farooq Abdullah said in a written reply to the Upper House of Parliament.
India hopes to raise the total installed capacity of renewable power to 22,500 MW by March 2012 and 48,000 MW by 2017, from 15,539 MW currently.
Write to Sunil Raghu at Sunil.Raghu@dowjones.com