India has invited US investments into its power sector. India has said both countries can work towards developing hydro and thermal power stations with the possibility of technology transfer, Indian Union Power Minister Jyotiraditya Scindia said that the US is well-equipped in putting large hydro projects.
The Minister expects a huge technology transfer in the transmissions sector between the two countries in the areas of smart grid operability, micro grids tower technology and gas insulation on transmission towers.
The US visiting Scindia was seeking investments in the power sector. He said US has expertise in large hydro projects and this is where India can benefit from it a great deal. He said there could also be cooperation on thermal projects. On the Indian power sector the Minister said India now has a capacity of 230 gigs (gigawatts) of power.
In the last two decades alone, despite all the problems that have beset the sector, India has added 165 gigs worth of capacity, he added. In the last fiscal alone, India added 20 gigs of capacity, he said adding on the transmission side, the Southern Grid will be interconnected by the end of January 2014.
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