USD 250 billion investment target for the power sector in next 4-5 years
March 9, 2015
Replying to a question in the Rjya Sabha, Power and Coal Minister Piyush Goyal said a target of 1,000 units per capita electricity consumption has been set for the year 2014-15 compared to 957 units in 2013-14. Goyal said an estimated USD 250 billion investment target has been set for the power sector in next 4-5 years. Of this, USD 100 billion was planned to be used in the renewables, USD 50 billion in transmission and distribution sector, USD 60-70 billion in the power generation sector and USD 25 billion for the modernization of old plants among others.
