Want a play in power, go bet on sugar stocks...NOW !
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Cogeneration of power, still marginal in the government’s energy supply program, is set to become mainstream by 2017 – goes Prabha Jagannathan in The Economic Times.
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She quotes a recent KPMG report on the Indian sugar industry (Sector Roadmap for 2017) to drive home her point.
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The green energy opens up a $$ revenue stream too. Co-gen has proven revenue potential in the CDM (clean development mechanism) based carbon credits that apply to the sugar industry. The total carbon credit potential for 9,700 mw of exportable co-gen power is in the range of 48 million carbon credits per year, which is estimated at Rs 21.50 b ($53 m) per year.
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At its optimum potential, the industry can meet a good 6% of the additional power requirement by 2017 and generate almost 48 million carbon credits. Currently the total power capacity in India is 128 GW and the requirement is estimated at 306 GW by 2016-17. Against that, the current bagasse-based exportable power is estimated at 847 mw. This could go up to 9,700 mw by 2017, according to projections in the report, she says.
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At its optimum potential, the industry can meet a good 6% of the additional power requirement by 2017 and generate almost 48 million carbon credits. Currently the total power capacity in India is 128 GW and the requirement is estimated at 306 GW by 2016-17. Against that, the current bagasse-based exportable power is estimated at 847 mw. This could go up to 9,700 mw by 2017, according to projections in the report, she says.
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If you find rollicking power stocks too expensive, go long on sugar - tommorrow's multibagger !
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