Gujarat ideal destination for investment in RE and transmission: GERC

Gujarat has taken care of payment issues and always maintained a balanced position for utilities and investors, says Anand Kumar.

Anand Kumar, Chairman, Gujarat Electricity Regulatory Commission (GERC) has recently mentioned that there is a huge opportunity for investment in renewable energy and transmission business in Gujarat. Addressing the webinar on ‘Ensuring Power Sector Viability & Reviving Investment Outlook’ organised by FICCI, Anand Kumar said, Gujarat has taken care of payment issues and always maintained a balanced position for utilities and investors. He also added that one of the vital responsibilities of the Regulators is to mediate to enforce contracts to safeguard investments in the sector. “Timely revision of tariffs is also very essential for ensuring the sound financial health of the Distribution Companies (DISCOMs) and the Generators,” said the Chairman GERC.

Vipul Tuli, Chairman, FICCI Power Committee and CEO, South Asia – SembCorp Industries highlighted the need to find a way to get the regulatory systems to act faster. “The transition that we are going through in the Indian power sector is a significant transition in terms of moving towards renewable, growth and new environmental norms” added Vipul Tuli.

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