Blackout Puts Spotlight On India's Risky Infrastructure Sector

Law360, New York (August 2, 2012, 7:36 PM EDT) -- For foreign investors, the massive blackout that left 680 million people in India without power this week shows both the bleak present and the bright future of India's infrastructure sector, highlighting both the need for new power plants and the troubled legal framework that keeps them from being built.

Permitting delays; contracts that don't protect developers; shaky coal supplies; competitive bidding that leaves razor-thin operating margins; and regulations that can change on a whim are among the problems experts say have caused India to miss every...
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