India to become the biggest producer of solar power in the world: Suresh Prabhu

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Minister inaugurates the first ever World Utility Summit at ELECRAMA 2016

Bangalore, 14th February, 2016: Hon’ble Railways Minister, Shri Suresh Prabhu inaugurated the World Utility Summit (WUS) today during ELECRAMA 2016 – World Electricity Forum. The three-day World Utility Summit hosts senior leaders of utilities, energy efficiency bodies, standards organizations, regulators, finance professionals and policy makers from around the world. The Guests of Honour include Baroness Verma, Parliamentary Under Secretary of State for International Development, UK, Shri Anil Swarup, IAS Secretary Of Coal, Shri S Gurumurthy, Author, Columnist an Visionary Economist, India.

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Speaking on the occasion, Hon’ble Railways Minister, Shri Suresh Prabhu, mentioned “Distributed generation is becoming a necessity and hopefully very soon it will become a reality. India needs to bring in distributed generation of electricity to meet its electrical energy demands. These generations are based on the technologies, mainly renewable, including but not limited to wind turbines, photovoltaic cells, geothermal energy and micro hydro power plants. Through this we can reach those villages which are in remote areas where our transmission lines cannot reach. Thus the role of utility has to go under sea change in years to come. “

He further added “The climate change has itself put the focus on the necessity of renewable energy and we are trying to use this opportunity to help the transition to a cleaner and greener world. Our Prime Minister has come with new idea of Global Solar Alliance and it aims for around 125 solar rich countries to collaborate and together chase this sustainable energy source. Nobody has thought that India would think of achieving 100,000 MW by 2022. This is a giant step and India will become the biggest producer of solar power in the world.”

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Speaking at the inauguration, Mr Phillippe Joubert, Executive Chair – Global Electricity Initiative, World Energy Council, UK said “The World Utility Summit is a very important and timely event. The electricity sector must now change dramatically in the entire world because of the environmental factors. Decarbonisation will only happen when stakeholders will come together at such forums to actively play the role of key enabler for the eco-system, to develop optimal solutions, technology and products.”

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Dr. Richard O’Neill, Chief Economic Advisor – Federal Energy Regulatory Commission, USA said I am very impressed with the ongoing developments in the Power Sector in India. The Indian Power sector has come a long way as the leadership in India is taking it in the right direction. I congratulate IEEMA for working very closely with the government to collectively initiate a forum like World Utility Summit and taking the Power sector to new heights”.

As a thought leadership forum, World Utility Summit attempts to set the agenda for the future by actively playing the role of a key enabler for the eco-system to help develop optimal solutions, technology & products. It will be the first step in the long journey to creating integrated, sustainable utilities of the future. World Utility Summit is focusing on a four pronged agenda including, Economics of Electricity, Impact of Technology on Utility Business, Evolving Consuming & Social Behaviour and Connect and Policy and Regulatory Frameworks.

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