Without any regards to the environment, Indian companies are in a rush to produce power at any cost and in the next 5 years it will cost them dearly. Adani Power wants to generate 6600 MW of Power using Coal and is planning to raise Rs 3,000 cr or $700 mn in an IPO. This is the second such mega IPO after Reliance Power which was a Box office flop 🙂
One should read the financial engineering of Goldman Sachs which is lobbying hard with the Congress to pass Carbon Credit Trading bill and once this is in place, the Coal Power plants will be the worst affected.
We advise investors to stay away from the IPO and instead look at National Hydro Electric Power IPO – a green energy plant which will be the major beneficiary of clean energy.