India holds road show in China to woo investors
India has set an ambitious target of 'power to all' by adding 100,000 MW of capacity by 2012.india Updated: Apr 16, 2006 09:09 IST
India has held the first-ever road show in China, Hong Kong and South Korea to woo potential foreign investors into the country's power sector.
India has set an ambitious target of 'power to all' by adding 100,000 MW of capacity by 2012.
Secretary in the Ministry of Power RV Shahi, who led a high-level delegation to Beijing and Shanghai expressed confidence by the response he got from investors.
In Beijing, the Indian Embassy roped-in some 40 senior executives of the Chinese power industry, including the President of China Electricity Council Zhao Xizheng.
In Shanghai, the communist nation's commercial hub, the road show was attended by the Vice Chairperson of the Shanghai Foreign Economic Relations & Trade Commission Jian Heping and about 90 executives from power sector companies from eastern China.
In his presentation, Shahi told the Chinese business leaders about the latest developments in India's power sector and that the country was seeking up to $100 billion during 11th Five Year Plan to boost its power generation, transmission, distribution and rural electrification.
"The biggest challenge is to create additional capacities. We have 125,000 mega watt capacity today and in the next 10 years, we need to double this capacity. Correspondingly we have to expand our transmission system in the sub-transmission system, distribution and rural electrification sector," Shahi told.