Adani Power Puts Expansion On Hold

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Adani Power has put on hold its 6,500 megawatt of capacity expansion plan due to lack of clarity on coal supplies, Chief Executive Officer Ravi Sharma said on Tuesday.<br><br>While the country holds 10 per cent of the world's coal reserves, power companies often struggle to access local supplies due to environmental and land acquisition delays, forcing expensive imports.<br><br>Coal accounts for 55 per cent of India's power generation capacity of 182,344 megawatts.<br><br>Earlier this month, the company had said it was confident of installing 16,000 MW operational capacity by FY2012.<br><br>(Reuters)</p>