New Delhi, March 18, 2017: The 4th edition of Power Focus Summit in India, organised by the Economic Times, held on March 17, 2017 at New Delhi was an iconic platform where stakeholders from the government and private sectors gathered to deliberate on key challenges to ensure a better, effective and smooth running of the power and energy sector.
In the coming decade or so, due to rapid urbanisation and further economic development, huge pockets of population will be shifted from rural to urban sectors. This will accelerate the energy need of the country and vast industrialisation will propel the policy makers to take measures to ensure ‘power for all’.
Deepak Lamba, President, Times Strategic Solutions Limited, commented saying, “Today we have brought together the top decision makers of the government and corporates who will shape the future of the power industry in India. This is a platform where we can collaborate to build a vision of a India where technology combined with knowledge can help in effective use of various sources of energy.”
Key speakers included Piyush Goyal, Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines in the Government of India, Varsha Joshi, Principal Secretary, Power, Govt of Delhi, P K Pujari, Secretary Power, Ministry of Power, Govt of India, Gurudeep Singh, CMD, NTPC, J P Chalasani, Group CEO, Suzlon among others.
Mr Piyush Goyal, said, “Our priorities are 3 aspects of power – Coal, Solar and UDAY. With respect to coal reserves India is in a great situation where one can safely plan that India will have sufficient coal reaching a level of what a lakh of crores or one lakh 20 thousand crores, which it had reached 3 years ago. In addition the government continues to have a strong focus on solar power as we plan to ramp the capacity by 20,000 MW but 2022.”
Commenting on the renewable energy segment, Mr Joy Saxena, Executive Director, Vikram Solar during a panel discussion said, “The new initiatives by the Government will eventually develop the power and energy sector of India. We are focusing on the roof top project as we have implemented a lot of policy mechanism on these projects. India in the global scenario of power and energy has seen decent growth, though our volumes are small we still have cost competitive products and growing markets.”
The summit was a congregation of barons of the Power & Energy Sector, State Secretaries who spoke about initiatives, policies and regulations driving the Indian utility sector, opportunities within the power manufacturing sector, emerging trends on the industry and how renewable energy will continue to play a role in the development of power in the country.