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PRINT THIS PAGE India energy outlook
16/05/2006. Source:KPMG.
A rapidly increasing population and growing urbanization has put immense pressure on energy and natural resources in India, finds KPMG, as traditional sources of energy such as fossil fuel reserves are depleting. Investment requirements are therefore huge. Alternatives to traditional fossil fuel use are vital to help the country avert an impending energy crisis.
Coal will continue to be used as a resource for many years and clean coal technologies will provide a future for this abundant resource. Natural gas is a growing alternative, all out efforts should be made to harness this valuable resource and set up infrastructure for its supply and distribution. The role of nuclear power - already established in India - will increase pressure on the world’s ability to provide technically skilled people and overcome public concerns.
Generating energy frequently contains an element of conflict between ecological and economical concerns. Increasing pollution in large urban metros has also resulted in demand for alternatives with low particulate emission as per internationally accepted norms. Investment requirements are therefore huge and it is essential that companies align their accounting and governance standards with international standards to meet the transparency that capital markets will demand if investments flows are to be maintained.
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KPMG is a global network of professional service firms that aims to turn understanding of information, industries and business trends into value. With more than 110,000 people worldwide, KPMG member firms provide assurance, tax, financial advisory and consulting services from more than 830 cities in 159 countries.
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