Investors to invest Rs. 70,000 crore in power sector: Kalasad

2:21 PM, Saturday, July 31st, 2010

Mangalore : Shivayogi C. Kalasad, Director of Administration and Human Resources, Karnataka Power Transmission Corporation Ltd, said that the Investors had discussed to invest Rs. 70,000 crore in the power sector at the Global Investors Meet in Bangalore last month.

Speaking after inaugurating the fifth international conference on industrial and information systems held at the National Institute of Technology, Karnataka (NITK), Surathkal, on July 30, Friday. He also said that investors had come forward to invest in the production of power from gas and renewable energy sources, besides thermal plants. But the country requires the estimate cost of Rs. 5 lakh crore investments in the power sector.
Former Principal Adviser of Power and Energy, Union Planning Commission, Surya P. Sethi said that the country must try to reduce its energy demand through conservation and higher energy efficiency.  He also said that solar energy was commercially unviable as it was expensive.
Further he also stated country’s energy demand for the year 2031-32 is not nuclear energy, because country had a nuclear power capacity of about 4 GW under operation.
Sandeep Sancheti, Director, NITK also addressed the gathering.

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