An expert in power and heavy machines manufacturing, Shailendra N Roy of Larsen and Toubro spoke to EnergyInfraPost.com at its Launch function on June 7th, 2016. Seen talking to his clients in the public and private sector and with his industry peers, Mr Roy came across as a serious and no-nonsense person who means business. Mr Roy shared the dias with the union minister of state (Independent Charge) for power, coal and RE Piyush Goyal in a debate on Energising India: the Road Ahead. Excerpts of the Interview with Mr Shailendra Roy, Sr. Executive Vice President (Power, Heavy Engg. & Defence) and Director on Board, L&T India
Q: How do you think the country’s power sector is fairing?
A: We have achieved near self-sufficiency in power but on a long term basis I still feel that when there is an industrial growth, that growth requires more of power and industry normally takes 4-5 years to get on track. A thermal power plant takes about 8 years to build and therefore very soon we need to have more green power plants and if India has to grow, GDP has to be maintained, industrial growth is a must so power is a prerequisite for that.
Q: No new projects have been announced by the private sector? Has that affected L&T as an EPC contractor?
A: More of land issues need to be resolved very quickly. The rules and regulations have to be formulated and released quickly. Funding has to be looked into as to how the plant has to be funded. Payment has to be put into place, when the power tariff is fixed at least the consumer should pay for it and of course the manufacturing part of it has to be linked with that because we have over capacity in manufacturing, all put together it has to be a mix of private and public sector business.
Q: What the L&T’s plans in this scenario of over-capacity?
A: We are a main player in the EPC sector, we are manufacturers of latest supercritical and ultra-supercritical power plants and we have commissioned about 40-odd plants in the last 5-6 years and we think that and India will play an important role in executing supercritical power plants.
Q: Solar power in India crossed 7.5 GW mark in May 2016. Your views on the ongoing emphasis on solar power generation?
A: Solar power is market-driven. The DISCOMs and banks will play a major role in its success in India. Developers are suffering from significant debts. The challenge here is to get connected to the grid. If DISCOMs don’t buy power, it’ll be a problem.
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