Inaugurating the two-day conference here on "Emerging Investment Opportunities in the South Asian Power Sector", organized jointly by Federation of Indian Chamber of Commerce and Industry (FICCI), South Asia Regional Initiative for Energy, USAID and the SAARC Chamber of Commerce & Industry (SCCI), Shinde said, "We need more than just one manufacturer for the manufacture of equipment such as turbines and boilers, especially for the units of the size of ultra mega power projects. We have therefore established a manufacturing arm of NTPC that will address the issue."
Shinde said the government was laying special emphasis on energy efficiency projects which could lead to a saving of 73 per cent of energy consumption.
The Bureau of Energy Efficiency, he said, had initiative several steps in the areas of energy conservation for the industry, domestic sector, commercial establishments and in agriculture.
"This will lead to creation of opportunities for organizations which could conceptualize energy efficiency projects and implement them. Already manufacturers of a number of energy efficiency equipment and appliances have started expanding their capacity", he pointed out.
Shinde said the government's latest initiative in generation was to secure low cost power through economies of scale and a competitive environment has met with considerable success.
