power: He was referring to Jera's recent acquisition of an equity stake in an Indian renewable energy firm, according to The Japan Times. Our immediate focus remains the country's renewable energy sector, which looks very promising to investors like us seeking to build a renewable energy portfolio, Kudama said. We have just taken our first step in India's energy market, said Toshiro Kudama, senior executive vice president of Jera Co., equally owned by Tepco Fuel & Power Inc., a subsidiary of Tokyo Electric Power Company Holdings Inc., and Chubu Electric Power Co. However, we will also be exploring opportunities in other segments of the energy market in India such as providing energy services and building energy infrastructure. The government is seeking to lure more investments in the sector to achieve its target of 175 gigawatts GW of renewable energy by 2022 to respond to the triple challenges of meeting swelling electricity demand, cutting pollution and offering millions of people access to power connectivity. Jera, which acquired a 10 percent stake in ReNew Power Ventures for 200 million last week, has become the latest newcomer in India's renewable energy business, a sector being promoted by Prime Minister Narendra Modi's government.
(news.financializer.com). As
reported in the news.
Tagged under power, energy firm topics.