$1 trillion investment expected in energy: Goyal

$1 trillion investment expected in energy: Goyal

Indian coal, power and renewable energy sector will provide for $1-trillion investment opportunity by 2030, Union Power Minister Piyush Goyal said. “Whosoever misses this bus will miss the biggest opportunity in the world,” Goyal said at the Make in India week.

Goyal emphasised the focus of the government to  ensure adequate electricity to industry, individuals and farmers. This, he said, is in line with the Prime Minister’s goal of providing affordable energy access to every consumer, every farmer, every industry and business.

“We have to look at the future, and we are engaged in a massive rollout across the value chain of the power sector, be it in the fuel availability, the expansion of our generating power, massive investment on the transmission side, to ensure there is a seamless grid across the length and breadth of this large country, and adequate support to strengthen the distribution sector and make it truly vibrant, reduce losses at the distribution level and make economies of scale with large-scale rollout of these programmes helps us keep tariffs low, competitive, affordable,” he said.

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