CLSA expects -75GW generation capacity addition in India's 12th Five year plan. However, unlike most of the earlier plan periods, CLSA expects the 12th plan to be front ended. "With most of the private developers not announcing fresh capex plans for last 12-18 months the capacity addition is likely to taper off in FY17-18. There is likelihood that the near term capacity addition might also see some delays as a number of power projects are already being executed at a very slow pace!' says CLSA analyst Abishek Tyagi. This, he says, is also reflected in sluggish revenue growth and poor order booking for EPC players such as BHEL, L&T etc in the power sector.
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