Monday 29 December 2014

India Plans 3 Lakh Crore Investments in Power Sector

As part of its efforts to fulfil the ambitious target to give 24X7 electricity to all, India government said it planned investments of Rs 3 lakh crore in the Transmission &Distribution sector and have already started the Deen Dayal Grameen Jyoti Yojana and Integrated Power Development Scheme.

Power Minister Piyush Goyal said his ministry gears up to free the sector from a gridlock of fuel scarcity, regulatory clogs and other issues. He said the ministry is confident that the results would start showing in the New Year and a right foundation has been laid to 'power up' the power sector since the new government took over.

The mass cancellation of coal mines was a big 'shock' for India’s power sector in 2014, but the sector is hopeful that this thorny issue of fuel supply has been put to rest with the launch of a transparent auction process for coal mines.


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