(LiveMint)
State-owned power sector companies will raise over $1 billion in debt from the UK market for a “rapid expansion of energy projects” this financial year, power minister Piyush Goyal said after the first India-UK energy dialogue.
At a joint briefing with Greg Clark, the UK’s secretary of state for business, energy and industrial strategy, Goyal said the two nations had agreed to boost ties on a reciprocal basis. India’s Energy Efficiency Services Ltd has already opened offices in the UK and has invested £7 million in energy-saving projects there.
Clark described the dialogue as a “tremendous success”. He promised the UK’s participation in India’s rapidly changing energy sector through sharing of technical expertise and financial help.
