SME Times is powered by   
Search News
Just in:   • After 1,460 days of Modi rule, 'achhe din' yet to come, feel experts  • 8 reasons why credit cards make small business financing simpler  • SIDBI, CSC sign MoU to help village entrepreneurs  • PNB fraud: ED charge-sheet names Nirav, 23 others  • Wheat prices rise on import duty hike 
Last updated: 13 Feb, 2018  

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

Power Lines
   Top Stories
» SIDBI, CSC sign MoU to help village entrepreneurs
» India CLMV Business Conclave held, focus on SMEs
» Dutch PM inaugurates Indo-Dutch Ganga Forum
» 15th Finance Commission forms group for health sector
» Govt releases strategy paper on software, electronics exports
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 25 May, 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(24)
» Oil, Rupee concerns(5)
» Year End Review 2016: Report card of MSME Ministry(2)
» Kalam releases handbook for small entrepreneurs(1)
» Govt to partner with e-commerce cos to give Mudra loans(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter