Opportunity emerges
Indian is one of the largest potential markets for private power. Shri P.V. Rangayya Naidu, Minister of State for Power, details the opportunities his country offers. Electricity plays a key role in the Indian economy, and its consumption is an indicator of productivity and growth. Development in the power sector has been given a high priority. Despite remarkable growth, India still faces power shortages. After rigorous review of the power sector the Government of India (GOI) is doubtful of reaching new capacity goals. It has therefore become imperature to accelerate capacity growth. To bridge the power gap the GOI is encouraging private participation. In 1991 the GOI had opened its doors to both foreign and domestic investors. Since then the legal, financial, and administrative framework has been modified to suit investors and developers. The present economic reforms pave the way for a smooth transition.
- OSTI ID:
- 68055
- Journal Information:
- Independent Energy, Journal Name: Independent Energy Journal Issue: 1 Vol. 25; ISSN 1043-7320; ISSN IDPEEW
- Country of Publication:
- United States
- Language:
- English
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