Power sector would require investment worth $250Bn in next 5 Years: Piyush Goyal - infrabuddy.com

Power sector would require investment worth $250Bn in next 5 Years: Piyush Goyal

By 2019, India’s total power consumption would double to two trillion units.

$250 Bn investment is what the government is planning to attract in Power sector in coming four to five years, in its mission ‘Power to all’ informed, Union power minister Piyush Goyal. Further added that majority of investment would come from private sector while government also would invest alongside.

Renewable energy sector itself will attract almost $100 Bn. Mr. Goyal was addressing at the India Economic Summit, in New Delhi organized by the World Economic Forum and CII. He added that the government is working towards increasing coal production, improving power transmission network and also bring gas based projects back on track. Serious efforts are being made to increase generation capacity to 100,000 MW by 2022 for the renewable sector, especially solar energy.

According to the minister’s estimation; the electricity transmission segment is expected to see an investment of $50 billion during this period.

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