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'Huge biz opportunities in smart grid'

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Press Trust Of India Chennai/ Bangalore
Last Updated : Jan 20 2013 | 12:26 AM IST

India needs to build a modern intelligent grid to maintain the aggressive growth path, Union new and renewable energy minister Farooq Abdullah said today. Along with augmentation of power through new technologies, solar, wind and nuclear, the country India needed to upgrade its grids too and there were huge opportunities for building the “smart grid”, he said.

Smart Grid is a system that enables two-way communiction between consumers and electric power companies. In a smart grid system, consumer's information is received by electric power companies to provide most efficient electric network operations. “For India to continue on its path of aggressive economic growth, it needs to build a modern intelligent grid,” he said inaugurating a one-day seminar on smart grids organised by Consortium of Electronic Industries of Karnataka here. “Another driver behind the need for a smart grid in India, are trends towards energy efficiency and increased use of renewable enrgy sources,” he said.

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First Published: Dec 23 2009 | 12:11 AM IST

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