Power, coal and renewable energy minister Piyush Goyal is hopeful of the Indian power sector getting significant investments from global investors at the World Economic Forum meeting in Davos.
¨Earlier investors had lost interest in the Indian power sector but not anymore,¨ he said. ¨In the upcoming World Economic Forum at Davos, I am sure that global sovereign funds, hedge funds and other large global investors will be keen to invest in the sector and I am confident that we will garner multi-billion dollar investments as I am already flooded with investment proposals. Investors have regained confidence after seeing the work we are doing in an extremely deadline-oriented fashion,¨ he said at a media briefing in Mumbai.
He also said the divestment process of Coal India is on track and the upcoming coal auctions have been designed specifically to keep power tariffs low.
¨The entire upcoming coal auction process will be done in a transparent fashion via e-auctions and it will be ensured that power tariffs are kept low,¨ he said.
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