French energy major EDF Group’s chairman and CEO Jean-Bernard Lévy said India is among the top 5 focus areas for the company but will stay away from investing in capital-intensive projects, especially in thermal power space. Lévy told Economic Times that his company is upbeat on India’s renewable energy plan and committed to spend $2 billion on the sector but finds it “frustrating” that the country is not doing anything to tap the huge hydropower potential. Edited excerpts
What’s on the agenda for your business in India?
India is a fast growing economy which demands a state-ofthe-art solutions for its energy needs, which we offer. There are three major topics on my agenda — first to help optimise energy solutions to urbanise India. Second is renewable energy since nobody generates more power from renewables than we do and we have already set foot in India, both in solar and wind-based energy. The third is to bring nuclear energy and French-based technology into India. There is a consensus inside the current government as well as former government that nuclear energy is one of the solutions that we need for India because it is low carbon, and create jobs and bring technology to the country. India is one of the top five countries for us. Read More…
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