“Indian utility vendors and services will find a huge market and scope in Africa, especially in South Africa’s energy sector,” says Dr Rajeev Singh, the Director General and CEO of the Indian Chamber of Commerce (ICC).
On Tuesday 15 May, Rajeev Singh and Abhishek Shukla, Consul General of India in Cape Town, signed a Memorandum of Understanding (MoU) to commit to the long-term partnership between the two nations.
In an exclusive interview with ESI Africa, Singh and Shukla outline the benefits of a solid strategic partnership between India and Africa, one where best practice can be shared and solutions and technology traded.
Asked what the African continent can learn from the experience of the Indian utility sector, the ICC CEO says: “The Indian power sector is undergoing a significant change that has redefined the industry outlook.”
“Sustained economic growth continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. At the same time, the competitive intensity is increasing at both the market and supply sides (fuel, logistics, finances, and manpower),” he said.
Read the full African Utility Week interview here.
Total installed capacity of power stations in India stood at 334,146.91MW as on February 2018.
The ICC represented India at African Utility Week this year in Cape Town, hosting a pavilion of more than 45 suppliers of specialised technology and services for the energy sector.