With problems at Dabhol and key investors exiting the market, India’s power sector has been receiving bad press. But some key issues are being forgotten, and opportunities for the right type of project still exist.
Investment in U.S. turbine farms and wind-energy businesses tumbled 38 percent last year to $9.7 billion, as the economic climate worsened for wind-power companies, which are finding it increasingly difficult to attract venture backers.
The impact of the California crisis is being felt around the world, particularly in countries that are about to reform their power sectors. Valuable lessons can be learned on deregulation and market structure.
Local and foreign investors will, for the first time, be allowed to build and operate power plants as well as sell electricity in Algeria, following a recent government ruling reported on Sunday by the official Algerian news agency.
A rapidly growing economy and energy sector and a strategically important geographical location has attracted numerous foreign investors to Turkey. But the country must work hard to keep the investment flowing in, and has embarked on some tough reforms.