At the conclave in Mumbai, Union Coal Minister Sriprakash Jaiswal said it may be set up by the end of this FY. R Srinivasan reports.Inter regional trade in the energy sector could be critical to the growth on the South Asian region.There is considerable scope for such trade, including trade in hydroelectric power between India and Nepal and Bhutan and trade in petroleum and natural gas between India and Pakistan and Bangladesh. In this backdrop, the South Asian Forum for Infrastructure Regulation (SAFIR) in partnership with the Proactive Universal Group (PUG) had organised a conclave to discuss ‘Investment opportunities in energy sector in South Asia: Policy and regulatory enablers’ at Four Seasons Hotel in Mumbai.The conclave was inaugurated in the presence of chief guest Prithviraj Chavan, CM, Maharashtra, guest of honour Sriprakash Jaiswal, Union Coal Minister, Chairperson, CERC & SAFIR, Dr Pramod Deo, MD, PUG, Vikas Batra and Secretary, CERC, Rajiv Bansal.Welcoming the delegates, Dr Pramod Deo, said, “South Asia assumes an increasingly important role as an engine of growth not only for Asia but also for the world… In aggregate terms, India needs investment worth $515 billion for infrastructure development, Pakistan needs about $110 billion and Bangladesh about $15 billion. About 2/3rd of this expenditure is associated with the roads and energy sector alone.”Sriprakash Jaiswal, Union Coal Minister, said, “India has coal reserves of about 276 billion tonnes of which 100 billion tonnes are proven reserves and about 40 billion tonnes of lignite. Pakistan has about 170 billion tonnes and Bangladesh has about 2- 3 billion tonnes of coal.” He added, “The government has decided to have a coal regulatory authority for which a draft bill has already been proposed... the presence of a regulator would allow fair and expeditious solution to a number of issues in the coal sector.”Maharashtra CM Prithviraj Chavan said, “As far as Maharashtra is concerned, its electricity boards are relatively healthier than the rest of the country. We have an electricity regulator. The fact that is functioning well is borne from the fact that there are complaints from the political side from the way Maharashtra Electricity Regulatory Commission functions, which certifies that it working independently... Our commercial and technical losses have come down and they will come down further as we invest more into better transmission infrastructure, smart metering etc. We have not yet been able to achieve open access because there are concerns. But we will soon have to move towards that, which will bring in greater efficiency.”The objective of the well-attended conclave was to provide a forum to discuss the policy and regulatory aspects affecting the sector and its intention was to explore the potential and challenges in the energy sector of South Asia. It was right on both counts.
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine
Pls invite me all auction in gujarat
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors.....
pls call +910842559230