India has taken a big leap in energy efficiency, with significant improvement in both supply-side and demand-side management in the past five years; the challenge now is to increase storage capacity and reduce T&D losses, says Renjini Liza Varghese.

Competition exists in every sector; since solar is in demand and is a lucrative business arena, the competition only keeps intensifying.

India's power sector is in a catch-22 situation. A sound analysis of the power sector affirms that the sector is in the ICU where 78,000 MW of projects are under stress; and approximately Rs 1,200 billion worth unviable projects and PPAs are signed for a mere 7,000 MW.

We have formed a special purpose vehicle-JSW Solar-for pursuing our interest in renewable energy opportunities. We have approved the capital expenditure (capex) budget for setting up additional 10-MW solar power projects implying total solar power projects of 17 MW under implementation.

The key objective of UDAY was financial turnaround of power distribution companies (discoms), which would have led to purchase of more electricity, reduced load-shedding and improved hours of supply.

The power sector of the country has witnessed a considerable change and evolution in the last two decades owing to several policy and regulatory measures.

Uninterrupted and quality power supply is a precursor to economic development for any country. Electricity transforms people's lives and spurs them towards a better future.

Transmission infrastructure developer Sterlite Power on Monday said the company bought back a 28.4 per cent stake from Standard Chartered private equity (SCPE) in its transmission infrastructure business. With the Rs 1,010 crore worth transaction, Sterlite will now own 100 per cent stake in this business.

You are heading the thermal business for General Electric (GE) in South Asia. Can you throw some light on the business and the prospects in India? I have been working with GE Power in Zurich, Switzerland for the last 12 years. Around two years ago, GE acquired the thermal power business of Alstom and I had the opportunity to head the South Asian division of this business in India.