Odisha plans Rs. 54,000 crore investment in power sector

Odisha government has estimated an investment of Rs. 54,000 crore for improving the power sector over the next five years. “Odisha now faces the challenge of providing quality and stable power supply on 24 hour basis both in urban as well as rural sector. The energy department recently made a presentation before Chief Minister Naveen Patnaik about investment required in power sector to achieve goals. The investment proposed for the sector is about Rs. 54,000 crore,” said P. K. Jena, Energy Secretary, while addressing ‘Odisha Energy Conclave’ organised by Indian Chamber of Commerce here on Thursday.

Mr. Jena said, “of Rs. 54,000 crore investment, government’s contribution is Rs. 20,000 crore. The investment will be made in generation, transmission and distribution sector.”

The energy secretary said the State government envisaged at building disaster resilient power structures along coastal regions, ensuring round the clock quality power supply for capital city region and smart grid system. According to him, of the projected investment, major investment of Rs. 16,000 crore would be made in transmission while Rs. 12,000 crore in generation.

Addressing the conclave, Odisha Energy Minister Pranab Prakash Das said, “the power situation in Odisha in the post-reform period was highly comfortable. Odisha then was in overall energy surplus situation. However, the position has changed drastically due to increase in demand, and no significant addition of new generating units in the State.”

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Source: The Hindu



Executive at India Electron Exchange

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