We are looking at very robust growth in power sector demand PV Ramesh CMD REC

by Psu Connect
Date: 14-01-17

NEW DELHI. In an interview with ET Now, PV Ramesh, CMD, REC, said that We are looking at very robust growth in power sector demand across the value chain.

We have today per capita consumption of about 1000 KW we expect this to double in the next five years. The Government of India’s objective is to provide 24x7 quality power at a competitive price to every citizen of this country and in this direction major efforts are being made in both generation, transmission and especially the distribution network.

The new UDAY scheme has a far reaching influence on restructuring and rejuvenating the discoms. There are further efforts that are being made in extending electricity to every single village in the country by end of this year and to provide power to every household and there are nearly 5 crore households without power. So we foresee a very robust growth across the value chain of the power sector and especially with the goal of adding another 261GW generation capacity of which 175GW is to come from green energy investments.

These are especially interesting times for all players in the power sector and the Rural Electrification Corporation, has been a major player for nearly 50 years in this sector, with investments across the country, across the value chain, and has been the coordinator for implementing UDAY and also the Deen Dayal Upadhyaya Gram Jyoti Yojana and range of other programmes of Government of India.

We have offices across the country working with all the state electricity boards, the power utilities and we have strategic position in terms of working with both the public sector, private sector and from the generation II village level. We see the very robust growth in the coming years.

We are looking at very robust growth in power sector demand PV Ramesh CMD REC

News Must Read