India has ambitious plans for energy growth, including aims to generate 57% of electricity capacity from non-fossil fuels by 2027. The country’s clean energy sector is expanding, as it acts to reduce reliance on coal-fired power stations. While capacity for renewable energy production in India, aided by technological advancements, is increasing, significant capital from domestic and overseas private sectors will be required in order to reach its targets.
Arunachal Pradesh is a mountainous region in north-eastern India where rural communities have minimum facilities, with limited or no access to basic utilities including electricity. While the region holds tremendous potential for small run-of-river hydro projects, it remains underdeveloped as there has been little interest from private sector players due to accessibility and bankability challenges.
Through the pioneering Pareng and Keyi Hydro Power project, InfraCo Asia aims to demonstrate the commercial viability of providing clean energy as an independent power producer, and thus catalyse greater private sector participation in the provision of basic infrastructure. InfraCo Asia’s role supporting development in India’s renewable energy sector will help to establish a world-class approach to the execution and implementation of hydro power projects.