Indian power business KSK Power Ventur is making solid progress with its operating assets mostly running to plan and a major expansion of capacity on track. With fuel supply a major issue for Indian power generators, KSK has also made progress weaning itself off expensive imported coal and setting up long-term local supply deals. This will improve profit margins, adding to the attraction of the shares.
The major development in KSK's portfolio is now the 3.6 gigawatt Mahanadi plant, which is being delivered by six 600 megawatt units. The first two of these should be commissioned during the financial year to March 2013, with the remainder up and running some time in 2014. This will catapult KSK into the top five independent power producers in India.
