CEA hopes to achieve 79k mw target in 11th Plan period

Written by Economy Bureau | Mumbai, Sep 27 | Updated: Sep 28 2007, 04:44am hrs
The Central Electricity Authority (CEA) chairman Rakesh Nath on Thursday hoped that the country would be able to achieve the generation capacity target of 78,577-mw in the 11th Plan.

The Centre has planned the total capacity-addition of 78,577-mw of which power projects with the capacity of 60,000 mw are under executionwhich is three times more than the generation capacity at the beginning of the 10th Five-Year Plan, Nath said.

CEA chief was speaking on The Power Scenario 2007-17 at the 60th Annual General Meeting of the Indian Electrical and Electronics Manufacturers Association (IEEMA).

Addressing the members of IEEMA, Nath said that the countrys power demand by the end of the 2011-12 fiscal is expected to increase to 1.5 lakh mega watt (mw) and further increase to 2.15 lakh mw by the end of the 2016-17 fiscal. To meet the ever-increasing demand, there has to be a capacity enhancement of 3 lakh mw.

On constraints in the supply of power plants and equipments, he said the ministry has already taken a decision to invite bids so that manufacturers from India and abroad can participate. The power ministry and CEA have already launched an exercise to approach various equipment manufacturers and ask them to ramp up their capacities. Nath said funds may not be a problem as financial institutions are quite eager to provide necessary funds for the power sector.