Employing probabilistic risk models could provide an objective basis of evaluating and tracking risks as they wax and wane through the project stages. Infrastructure projects are all about taking calculated risks, but before taking the risks, one needs to calculate them well,
When we reflect on the developments in the power sector in 2012, we find that it was a mixed bag. The generation sector saw a phenomenal, unprecÂedented, capacity additÂion thus, bridging the energy gap to a great extent. Today, the total installed generation capaÂcity is over 209,000 MW after an addition of over 50,000 MW in the 11th 5 year plan period.
Since we're in December, it's probably a good time to look back at the year. The 6.9 per cent quarterly growth figures for the previous quarter come in the year's sunset month, and the fiscal year's growth is now downgraded to about 7.3 per cent.
This year the power sector has been much in focus for reaÂlising the high GDP growth foreÂcasts in the country. Compared to previous plans, the 11th Five Year Plan, ending this fiscal, is expected to culminate with one of the better performances.