Paradigm Shift: A Giant Leap Generating Power In Plenty

Placing economy on the high growth trajectory, the Union Power Ministry has assigned top priority to push power generation capacity to a new high and nearly half of the targeted $1 trillion infrastructure fund for the 12th Five Year Plan period has been earmarked for the power sector to achieve a capacity addition of about 1,00,000mw. The emerging business opportunities in the Indian power sector virtually set the domestic and global power generating giants on the prowl and they are currently vying with one another to lap up more power projects. That apart, green power is turning out to be a game changer for the country as prime solar power players across Asia, Europe and North America are descending India in droves to pick up a share of $70 billion program to build 20 gigawatt (gw) of solar power capacity from the current 30mw by 2022. Reports Jeet Singh.