The Indian economy today is at a point where the private sector is expected to contribute almost 40 per cent of the country's 12th Plan capacity addition, power minister Sushil Kumar Shinde said today.
Addressing a meeting in Canada, the minister said the new liberal policy adopted by the country has done away with the restrictive licensing regime and now 100 per cent FDI is permitted in all segments of the power sector, including power trading.
He invited Canadian investors to partner India in its power sector reforms.
"India's power sector presents an opportunity for investment in all its segments as we seek to not only put in greater capacities but also introduce the latest technologies across the board", power minister Sushil Kumar Shinde has said.
Besides the power plants, there are tremendous opportunities in high voltage transmission, distribution, smart grids, energy efficiency etc, he said.
Power sector funding requirement in the 11th Plan (2007-2012) is almost $230 billion, Shinde said, adding that the power sector in India has a regulatory regime, which is quite independent of government and tariff setting falls within the regulatory jurisdictions.