Union Minister of State for Power Jyotiraditya M Scindia said on August 29 that Indian power sector will require an investment of Rs 15,01,666 crore during the five years of 2012-17, half of which has been envisaged from the private sector.
The power sector needed considerably large investments to achieve the planned growth target and to sustain the growth momentum, he told the Lok Sabha.
The total outstanding loans from banks and financial institutions (including bonds) for all power utilities was Rs 3,81,134 crore in 2011-12 and Rs 3,28,534 crore in 2010-11, said a report by the Power Finance Corporation, the Minister noted.