Rs 17 lakh cr investments made in power sector in last nine years

The Union Minister for Power and New & Renewable Energy R K Singh has said that electricity is the most important infrastructure which is a sine qua non for development, observing that the one major distinguishing feature between a developing and a developed country is that in a developed country, there is no load shedding. “No country can develop if it does not have sufficient power. The power shortage in India has come down from around 4.5% in 2014 to less than 1% today. We have ensured universal electricity access, connecting 29 million homes in 19 months, which the International Energy Agency called the largest and fastest expansion of energy access in the history of the power sector.” The Minister said this, while addressing Moneycontrol’s Policy Next Summit in New Delhi, on January 18, 2024.