Industry is cautiously optimistic: Supreme

Liquidity in the system increased resulting in release of orders. However further boost to the funding would materialise a large number of projects in transmission segment.
Harish Agarwal, CEO, Supreme & Co Pvt Ltd
  The government should focus more on completing the existing plants rather than adding capacity, observes Harish Agarwal, CEO of Supreme & Co Pvt Ltd. “In immediate future, thrust of Ministry of Power is not on building new generation plants but completing those in pipelines and makes those plants which are shut operational. The country can manage for the next three years with existing plants that are currently under-utilised, and those that are under construction and upcoming renewable energy projects,” he comments.
“Right now thrust in making 24/7 power available to all which will create demand for the surplus availability of power,” he says.  
Game changerWhen it comes to the game changer for this transformation Agarwal points out that, India has power plants with capacity to generate 300GW. These are operating at 64 per cent capacity because of inability of state distribution utilities to purchase electricity and sluggish economic growth. About a tenth of the total capacity is stranded due to lack of power purchase agreements while another 50GW is under various stages of construction. Meanwhile, there are plans to build renewable energy capacity of 175GW by 2022. India’s per capita electricity consumption, though increasing, is lowest among the BRICS nations and about one-third the world’s average. The energy deficiency is a low 2.1 per cent, but experts feel latent demand from remote areas is not being accounted for.

Advertising