Power minister Piyush Goyal on Monday said the power sector is looking for innovative financing models that would help drive investments into the sector and that some ‘interesting’ proposals can be expected from the Union Budget on February 28.
“The finance minister is on record that it’s going to be a growth oriented Budget, that it is going to encourage investments. In terms of the power sector, I’m fairly satisfied, we have got all that we wanted in the first Budget itself. But we are looking for innovative financing models that will help us to revive the power sector and investments in the power sector,” Goyal told reporters on the sidelines of an annual biotechnology event.
Goyal also said the move to bring in competition into power distribution through the Electricity (Amendment) Bill, which was tabled in the Lok Sabha in December, would be a game-changer for the country.
“The third and most important element is that the people will have the choice, just like a mobile phone, to choose who their supplier will be. And, if they are not happy with the service or pricing or quality of power, they will have the ability to port out or to change their supplier,” Goyal said.
