Bangalore
The Economic Times (Bangalore edition) The Hindu The Asian Age
The ongoing attempt to reform India’s power sector, especially in the transmission and distribution segments, presents a huge business opportunity for the country’s information technology industry, Union minister of state for power Jairam Ramesh said on Thursday.
He said there is a need to replicate the success of the IT industry in the power sector, especially in the use of technology in redefining the distribution network. The minister, who unveiled a report — Technology: Enabling the Transformation of Power Distribution in India — prepared by Infosys co-chairman Nandan Nilekani and the Centre for Study of Science, Technology and Policy, said aggregate technical and commercial losses in the power sector should urgently be brought down from about 34% to below 15%.
The government will soon hold a meeting of all electricity supply and distribution entities to discuss the implementation of reforms, he said. Nilekani was of the view that technology can play a crucial role in bringing down the cost of projects as well as the price of the power.
He said that many of the standards used by IT industry can be applied to the power sector. Even so, technology alone cannot bring about the desired changes as there is an urgent need to upgrade the skills of the employees in sector, he remarked.
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