SME Times is powered by   
Search News
Just in:   • Back series GDP data not official estimates: Statistics Ministry  • Greece bailout ends, Grexit avoided  • GST implementation an example of tax terrorism: Chidambaram  • Apple's Amsterdam store closed after iPad battery explosion  • Snapchat's new redesign for Android in testing phase 
Last updated: 13 Feb, 2018  

powercutTHMB.jpg India's excess power capacity an aberration, should export: Minister

Power Lines
   Top Stories
» Exports growth continues to recede: FIEO chief
» World Entrepreneurs' Day on Tuesday, Aug 21
» Rupee closes below the 70-mark, exporters may benefit: Experts
» Forex reserves plunges by over $1.80 bn on rupee crisis
» 'Unorganised food processing sector majorly populated by SMEs'
SME Times News Bureau | 13 Feb, 2018
The excess power capacity in India is an aberration in a situation where large parts of the country are yet to get electricity, Power Minister R.K Singh said on Tuesday.

Adressing the Indian Power Stations conference here, he also said that India can explore export of power to neighbouring countries such as Sri Lanka, Myanmar, Nepal and Bangladesh, which were viable markets for export of power as the per unit cost of electricity was very high in these areas.

"If you look at the entire power sector, the demand has been suppressed because not everyone is connected.

"We have just started taking-off and are going to enter double digit growth. What we see as excess capacity today may not turn out to be enough if we unlock that demand," he said.

The minister also said the rise in power demand will lead to an increase in demand for coal, for which India needs to be prepared.

"The unlocking of demand will come but with some constraints. We don't have a shortage of coal but we need to put in place mechanisms to get coal from underground to over ground and then to the power stations," he said.

The Minister said that state-run generator NTPC, earlier known as National Thermal Power Corp, must aim to become the biggest power producer globally.

"Globally, NTPC is currently ranked 12th in terms of power generation. But in my view, NTPC hasn't reached its limit.

"Why can't NTPC set up power plants in other nations and why can't the company emerge as our multinational? Why can't NTPC become world's largest power generator," he asked.

In this connection, Singh said that neighbouring countries such as Sri Lanka, Myanmar, Nepal and Bangladesh were viable markets for power and the government is looking at sending teams to these countries to assess the demand.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Aug, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(5)
» Niryat Mitra, a well thought-out app(2)
» Export Promotion Councils should work for promotion of GI Products: Prabhu(1)
» Indian cement industry – opportunities and challenges(1)
» Audi CEO to remain in German police custody(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter