Tiruchirapalli, Sep 29 (UNI) Mr V Sethuraman, Director-Power, Neyveli Lignite Corporation (NLC), has underlined the need for multi-pronged approach, including use of indigenous technologies suitable to the peculiar coal variety available in the country, to nurture the power sector in the country.
Addressing the valedictory of the Energex-08 organised by the Confederation of Indian Industry (CII), Tiruchi Zone, here yesterday, he said industry should adopt indigenous technology and explore ways for overall cost reduction for power sector to be competitive.
They should be more aggressive and innovative to keep in line with the ambitious power augmentation plan envisaged in the country, he added.
The power sector was facing certain challenges such as land acquisition for mining activities, dwindling fossil fuel resources, hike in the prices of steel and cement and failure of monsoon which impacted capacity addition in power generation.
Before Chinese and other foreign players caught up, engineering giants like the Bharat Heavy Electricals Limited should inherit technologies matching the requirement of local power plant operators.
He hoped the country's ambitious plan of adding 78,577 MW of installed capacity in the XI Plan period and touching the two lakh MW mark in 2012 was achievable.
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