Piyush Goyal sees $1 trillion investment in power sector by 2030

MUMBAI: Union Power Minister Piyush Goyal today said he expects nearly $1 trillion investment in the power sector, which includes coal renewables, by 2030.

“Considering the initiatives taken by the government in the last few years in the power sector to improve efficiency, at a conservative level, we expect to attract investment of $1 trillion by 2030. The power sector, including the coal renewable sector, has the potential to attract a trillion dollar investment,” Goyal said at the ..

‘Make in India Week’ here today.

He said that in the short term for next five years till 2020, the sector is likely to attract nearly $250 billion.

“Considering the initiatives taken by the government to enhance its renewable capacity, we estimate that the renewable sector alone will attract investment to the tune of $1 billion in the next 5 years,” he said.

Source: Economic Times; 18 Feb 2016
URL: http://economictimes.indiatimes.com/industry/energy/power/Piyush-Goyal-sees-1-trillion-investment-in-power-sector-by-2030/articleshow/50993464.cms

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