According to a report by the Confederation of Indian Industry (CII) and KPMG India Energy Inc. Emerging Opportunities & Challenges, released on 26 December 2007, India's power and upstream energy sectors need investments to the tune of $120150 billion in the next five years.The report highlights the need for strong private sector participation.It suggests that tariff reform in the energy sector to phase out subsidies or allocate them effectively, and distribution reform to bring efficiency in the power sector are two important steps that need to be successfully implemented.
The report recommended reducing vulnerability to price and supply shocks by enhancing domestic production and taking equity positions in energy resources abroad and diversifying the energy basket.
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