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January 27, 2015

Independent Power Producers’ View on PPPs in India

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Mr. Harry Dhaul , an Economics graduate from Mumbai University. He is the Founder and Director General of The Independent Power Producers Association of India (IPPAI), platform which was formed in 1994 in order to serve as a neutral forum for discussion and examination of policy and regulatory issues, for the development and private sector participation in the infrastructure sectors.

“We [independent power producers] have added more capacity to the grid than the state, than the government. This is a pretty critical role. Nevertheless, we need nurturing; we need the state to respect the fact that private capital does not come free… Interest must be paid; payments must be made on time. That’s how the Western world has grown.  We are at a learning stage in India but I believe that this market will evolve to meet that. We will evolve with a much more PPP environment that we had before.”

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