India to become electricity surplus in 4-5 years

India to become electricity surplus in 4-5 years
Comment E-mail Print Share
First Published: Mon, Mar 12 2007. 04 27 PM IST
Updated: Mon, Mar 12 2007. 04 27 PM IST
PTI
New Delhi: Energy-hungry India, which currently faces huge power deficit, will become an electricity surplus country in next four or five years, Power Minister Sushilkumar Shinde told Rajya Sabha on 12 March.
“Currently, we have a 70,000-MW deficit,” he said. He said the massive capacity addition programme, which includes introduction of ultra mega power projects with single generation unit of 4,000 MW, has been launched.
The Power Ministry will soon propose changes in the hydro-electricity policy to the Cabinet, so that 150,000 MW of potential in the North-East can be tapped, the minister said, adding that the private sector is being encouraged to set up captive generating capacities.
With all these measures “I am confident that in next four or five years, the country will have surplus power,” Shinde said.
Considering the past experience with failed US energy major Enron Corporation,he said the government is taking all precautions while welcoming the private sector into power generation. India, he said, welcomed Russian and Chinese firms in the sector.
The Power Minister said nearly 21.1% of BPL (below poverty line) households out of an estimated 3.04 crore will receive electricity connections till 31March.
Comment E-mail Print Share
First Published: Mon, Mar 12 2007. 04 27 PM IST
More Topics: Economy and Politics | Indicators |