Power plant upgradation hinges on finance, technology and regulation: GE Power’s Prashant Jain

As the country’s thermal power generation capacities, which is roughly of 80-90 gigawatt (GW), calls for technological upgradation, there lies a dilemma for generating companies to make a choice between finance and technology. At a time when the regulators are pushing for public interest, the sector experts see a growing need for a right balance between technology, finance and regulations for the best consumer interest.

India currently lags behind in the adoption of the new technology in coal-fired power generation. The existing power generation capacities in India are old and needed to be upgraded, modernized and new technologies applied to make them more efficient.