BMI View: We have revised down our 2013 forecasts for electricity generation and consumption in India due to the continued challenges in the power sector, as well as our more cautious outlook of the Indian economy. We have also revised down our medium- to long-term forecasts for the Indian power sector to account for continued weakness in the economy, as well as further coal shortages and poor regulatory frameworks. From a long-term perspective, we expect thermal energy to maintain its position as the backbone of the Indian power sector, but believe it unlikely that the Indian government will meet its …
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