India asks more US investment for its power sector

Power sector drives capital investment and growth.

Minister of State for Power Jyotiraditya Scindia sees great potential for US investments and cooperation in India’s power sector.

He identified potential areas of cooperation as transmission technologies, development of large scale hydro power, supercritical technology development for efficient energy production, smart grids and energy efficiency improvement programs.

Scindia said thanks to different energy efficiency measures, India has had savings equivalent of 11,000 MW of avoided capacity in the past five years. This achievement was set to be surpassed with the target of 12 GW for the next five years.

Scindia noted that growth was especially significant in the Indian context since apart from meeting India's energy requirement, it also drives capital investment and growth.