Delhi seeks $150b investment in energy sector

With the Indian energy sector exhibiting a rich potential for investment in diverse streams, a long-term vision along with adequate policy and regulatory support is necessary to realise this, a report jointly released by CII and KPMG has said.
The investment potential is driven by the surging economy and the resultant demand-supply gap in the short-run and by the need to achieve sustainability and self-sufficiency in the long-run, according to the report titled 'India Energy Inc. ~ Emerging Opportunities & Challenges' released recently at the CII-India Energy Conclave 2007.
India's power and upstream energy sectors need investments to the tune of $120-150 billion over the next five years. The report emphasised the need for strong private sector participation to complement the public sector and to bring in the required capabilities and technologies. Policies have increasingly recognised the need to promote private investment.