Shinde makes pitch for US investment

Indian power minister Sushilkumar Shinde made a strong pitch for US investment in the growing power sector in India on Tuesday, asserting that lucrative opportunities were available to investors.

Indian power minister Sushilkumar Shinde made a strong pitch for US investment in the growing power sector in India on Tuesday, asserting that lucrative opportunities were available to investors.

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He was speaking at the US-India Economic Opportunities and Synergies Summit in Chicago organised by FICCI in association with The Executive Club Of Chicago at the Fairmont Hotel.

Shinde said the average plant load factor (PLF) of Indian generation units improved to 77.5% during 2009-10 from 73.6% in 2006.

The contribution of the private sector to India’s electricity output has grown from 11.6% in 2006 and further to 30% as of date and is likely to go up by about 60% in the 12th plan (2012-2017), he said.