PTI reported that with an ambitious target to give 24X7 electricity to all, the government is eyeing INR 300,000 crore worth investments in power transmission and distribution business, as it gears up to free the sector from a gridlock of fuel scarcity, regulatory clogs and other issues.
Leading from the front, Mr Piyush Goyal, Power Minister of India, is confident that the results would start showing in the new year and a right foundation has been laid to 'power up' the power sector since a new government took over in May this year. The ray of hope for 2015 follows a year mostly marked with the drying up of investments, fuel supply bottlenecks and the gnawing transmission problems.
Mr Goyal said that "We are planning investments of INR 3 lakh crore in the T&D sector and have already started the Deen Dayal Grameen Jyoti Yojana and Integrated Power Development Scheme, with all this I think we will be able to reach the length and breadth of the country and enhance the T&D network and make sure everybody gets adequate power."
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