NEW YORK ( TheStreet) -- The recent Adani coal deal may just be the beginning, as severe coal shortages could compel Indian power companies to purchase coal mines or forge joint ventures with major coal exporters such as Australia, Indonesia and South Africa.India plans to augment power generation capacity to 62,000MW by 2012 from the current 159,000MW. Although India is the world's third-largest producer of coal, domestic supplies and transportation networks are yet to keep pace with demand growth. The country will continue to rely on imports to cap the supply-demand gap, as the bulk of new power projects will be largely coal-based.
Coal-Starved India Could Spur Acquisitions
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