Government eyes Rs. three lakh crore investment, reforms to light up power sector.

With an ambitious target to give 24X7 electricity to all, the government is eyeing Rs. 3 lakh crore worth investments in power transmission and distribution business, as it gears up to free the sector from a gridlock of fuel scarcity, regulatory clogs and other issues.

Leading from the front, Power Minister Piyush Goyal is confident that the results would start showing in the new year and a right foundation has been laid to 'power up' the power sector since a new government took over in May this year.

The ray of hope for 2015 follows a year mostly marked with the drying up of investments, fuel supply bottlenecks and the gnawing transmission problems.


ET