BANGALORE: Speaking at the launch of a joint venture between Hitachi Ltd and SFO Technologies, NeST Group, K C Venugopal, Union Minister of State for Power, on Monday said that post Budget, conditions looked promising for stakeholders in power sector.
“The capacity addition that we have already achieved in the current five-year-plan is more than 2 times that was achieved in 10th five-year-plan. In the next plan, more than 50 per cent of the targeted capacity addition has to come from private sector developers,” he said.
Stating that the country required dedicated initiatives to develop advanced control systems since it had the largest powergrid, Venugopal said that IT enabled control and instrumentation in the power sector was a possible area in which this joint venture could have an impact on.
Yutaka Saito, president, Information and Control Systems Company, Hitachi Ltd said, “Through this joint venture we can fully support control systems for power plants.”