India’s power sector till end of 12th Five-year plan has been missing the target capacity addition by big margins. Then came the change and renewed thrust on “Power for All” that has become game changer, so to say. This has now turned into “Quality Power for All” since the society is turning digital.
Another area is ‘Renewable Energy’ with Solar Mission in driving seat. This would bring huge innovation both in terms of project management and delivery of lifeline energy to huge rural masses that were deprived so far.
Sustainability in Power Sector is most desirable thing that would help fuel our economic growth in a pace better than any other global economy. But that is an area of concern.
Though we have huge number of players in power distribution market very few home grown MNCs do operate from here. We are already facing stiff competition in some of the markets but our inner looking approach, in my opinion, have often been the stumbling block for global competitiveness that comes from eye for quality and thought for future when we build infrastructure for next century.
Looking ahead: I think the industry segment will see only credible and reliable players that are capable of delivering quality. And the user industry shall recognise it that ‘A stitch in time will save nine’. Renewable energy storage, energy efficient appliances and Electric Vehicle Charging systems will rapidly take its position under the sun towards maturity and transforming India.
