India needs regulatory body for energy sector: NITI Aayog
Government think-tank NITI Aayog has made a case for a single regulator to govern India’s energy market to make the country ‘energy ready’ by the year 2040.
“Coal and upstream petroleum sectors have lacked independent, statutory regulators,” said the draft National Energy Policy, on which the central think-tank has sought public feedback till July 14.
“This is also expected to mainstream emerging energy tech and provide energy choices,” NITI Aayog said.
The NITI Aayog is chalking out a roadmap for determining the sector-wise capital requirements to deliver the targeted energy supply by 2040, and recommend the strategy to attract the required capital.
As per the draft energy policy, Ministry of Finance would lead the initiative to promote the investment opportunities and attract investors, both in India and abroad.
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Via:: Stock – India Infoline