Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 668 Sun. April 16, 2006  
   
Business


India invites Chinese firms to invest in power sector


Aiming to provide 'power to all' by adding 100,000 megawatt capacity by 2012, India Thursday invited Chinese power industry majors to invest in the country.

The Government of India has envisaged capacity addition of 100,000 MW by 2012 to meet its mission of power to all, Secretary, Ministry of Power, RV Shahi said during a road show in the Chinese capital.

Shahi, leading a nine-member delegation, told senior Chinese power industry leaders that India needed huge capacity addition during 10th & 11th Five-Year Plan periods, which is not feasible from the ongoing and proposed new projects already identified.

As such, there is need to develop large capacity projects at the national level to meet the requirements of a number of states under the competitive bidding guidelines dispensation, he said.

He assured Chinese investors that they could actively participate in the global bidding process.

Explaining the government's seven 'Ultra Mega Power Projects,' Shahi said these projects, when commissioned, will substantially reduce power shortage in the country.