Despite several significant achievements like increased power generation, an integrated one nation one grid, introduction of Smart Grid, and diversification into renewable energy sources

While VC funding in smart grid jumped to $185 million globally in the first quarter of 2015, the solar sector drew the maximum attraction with $6.4 billion funding in the same period. What´s more, there was a record growth in residential and commercial solar funds to the tune of $1.9 billion.

Good quality power enables a technologically advanced set-up to facilitate good quality of life for people by delivering ´smart concept´ in a holistic manner. For example, e-mobility is a critical aspect of a smart city

This is the framework required to ensure the vision of the smart city translates from innovative engineering, architectural and technological ideas, into reality. Modern civilizations of the world have witnessed differential growth leading to an increase in the complexities of how cities or towns need to be managed, funded, regulated and designed.

We are planning to formulate a Renewable Energy Act as currently, all the electricity activities come under the Electricity Act, 2003. The new Act will not only help in streamlining many aspects like power generation, supply and tariff, but will also assist in attracting investments.

The UK gas industry will remain to be an important player in the world energy stage for decades to come. The future of Britain´s energy supply largely relies on the developments in the industry, along with established practices and evolving technologies.

Electricity distribution to the end consumer has been identified as the weakest link in the power value chain. For this sector to turn around, nothing less than a complete makeover is required of various aspects of the distribution matrix.

Amol Kotwal, Director, Energy & Power Systems Practice, Frost & Sullivan, speaks on what can be done to turn around the distribution scenario in the country to boost the prospects of the power sector.

Rakesh Kaul, Executive Director, leads the Smart Cities Initiative at PwC India. He highlights the opportunities and trends in this upcoming space and how the nation can capitalise on these opportunities.