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However this is insufficient to meet the needs of an economy which is expected to emerge as the second largest economy in the World by 2050. To sustain this growth, the power sector needs to grow at 1.8- 2 times the GDP rate of growth. India is expected to set a target of 100,000 MW for the 12th five-year plan. This means a YOY capacity addition of 18000- 20000 MW.
There is a strange paradox in the Indian Power sector- while there is a huge opportunity due to the demand- supply mismatch; the sector is presently going through a difficult phase grappling with critical issues like fuel availability, surge in coal prices, access to domestic coal, fuel transportation issues, land acquisition, water & environmental issues, overseas equipment purchase, financially precarious condition of distribution utilities, distribution network improvement, sustainability concerns, competition amongst others..
The Prime Minister has recently promised to take immediate, decisive action to solve the power sector's problems in a time bound manner and convert the looming crisis into an opportunity. The next few years offer a mixed bag of promises and challenges for the industry. The challenge and opportunity lies in meeting the very basic need of the people and give them the opportunity to be a part of the journey to a ‘power'-full tomorrow.
Power Vision Conclave 2011'- 1st Edition- a Recap
Taking a path-breaking initiative for Power sector in India, Dainik Bhaskar Group in association with India Core organized ‘Power Vision Conclave 2011’ on January 21, 2011 at The Oberoi, New Delhi. The conclave was a step towards a true Public Private Partnership with discussions focusing primarily on issues in thermal generation, optimising transmission & distribution and financing power projects.
'Power Vision Conclave 2011' was aimed at creating a platform to discuss burning issues of the power sector. It also focused on opportunities in the Power Sector different states.
The Conclave offered a unique opportunity for interface between decision-makers, policy planners, business associates from the entire stakeholder community. It attracted top professionals comprising of CEOs, MDs, CFOs and other Senior Professionals from the Indian power sector and also key officials from various government agencies to discuss the vision and the future of the industry. Senior decision makers from the industry addressed and attended the Conclave.
The very successful 'Power Vision Conclave 2011' was inaugurated by the Chief Guest- Honorable Former President of India, Dr. APJ Abdul Kalam. Union Minister of Power- Shri Sushil Kumar Shinde; the then Union Minister of Rural Development- Shri Vilas Rao Deshmukh; Dr. Raman Singh, Chief Minister of Chattisgarh; Dr. Jitendra Singh, Energy Minister, Govt. of Rajasthan; Shri Naveen Jindal, Chairman, Jindal Power Limited, Shri Pramod Deo, Chairman, CERC, Shri Anil Bhargava, MD, Avantha Power & Infrastructure, amongst others addressed the Conclave.
The Conference Advisory Committee comprised of key stakeholders- Chairman- Shri I C P Keshari, Joint Secretary, Ministry of Power; Members- Shri Sushil K. Maroo, Deputy Managing Director, Jindal Power Limited; Dr U.D. Choubey, Director General, Standing Conference of Public Enterprises (SCOPE) & Former CMD, GAIL; Dr Ajay Dua, Chairman, Areva T&D and Former Secretary- DIPP, Ministry of Commerce; Shri Sukhbir Singh, Senior President- Techno Commercial, DB Power; Dr Uddesh Kohli, Former CMD, Power Finance Corporation; Shri Yatish Rajawat, Managing Editor, Dainik Bhaskar Group.
The event enjoyed promotional advertising and editorial coverage across Dainik Bhaskar Group publications and India Core platforms across country. Over and above this, the event was highlighted on radio 94.3 MY FM and also telecast on television (Star News) and digital platforms (www.dainikbhaskar.com, www.businessbhaskar.com, www.dna.com, www.indiacore.com).
For more details visit 'Power Vision Conclave 2011' archives