September 07, 2008

Indian energy sector needs INR 480,000 crore in next 5 years - CII

According to a report called ‘India Energy Inc – Emerging Opportunities & Challenges’, jointly released by the Confederation of Indian Industry and KPMG, India’s power and upstream energy sectors need investments of around INR 480,000 crore to INR 600,000 crore in the next 5 years.

The report emphasizes the need for strong private sector participation to complement public sector and to bring in the required capabilities and technologies.

According to the report, the Indian energy sector is attracting investment in diverse streams, which is driven by a surging economy and the resulting demand supply gap in the short run and by the need to achieve sustainability and self sufficiency in the long run.