KSK Power's S. Kishore: 'Local Power Developers Are in the Lead'
Episode Description
KSK Power Ventur plc is a power plant developer with extensive business operations in India. It is headed by Sethuraman Kishore and K.A. Sastry. The company is listed in London. Subsidiary KSK Energy Ventures is listed in Mumbai. The company is in the business of developing, operating and maintaining power projects for major local and global industrial houses. Kishore, a speaker at the recent Wharton India Economic Forum, feels that western entrepreneurs wait for everything to be cut and dried before signing up for Indian power projects. That doesn't happen. The result has been that while the country was expecting strategic investors from abroad, only financial investors have come in, says Kishore in this interview with India Knowledge@Wharton. 📂 Innovation
Brief Summary
Mr. Kishore discusses India's independent power sector growth, local developer roles, and innovative financing strategies in this episode.
Key points
- Evolution of India's Power Sector. The independent power sector in India has evolved significantly since 1991, with private sector involvement growing rapidly.
- Lessons from Enron's Failure. The Enron experiment highlighted the need for local developers in India's power sector.
- Innovative Financing Models. The company leveraged unique financing strategies, including consumer investment and partnerships with financial institutions.
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Episode highlights
- Evolution of India's Power SectorThe independent power sector in India has evolved significantly since 1991, with private sector involvement growing rapidly.“India is among the few countries that has actually evolved very well on the legislation side.”0:51May 27, 2011
- Lessons from Enron's FailureThe Enron experiment highlighted the need for local developers in India's power sector.“It has really brought out a need for local developers versus International developers.”2:38May 27, 2011
- Innovative Financing ModelsThe company leveraged unique financing strategies, including consumer investment and partnerships with financial institutions.“We are the first company to look at sale of power directly to the consumers.”11:09May 27, 2011
