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INDIA CABINET SECRETARY VISITS CALIFORNIA FOR ENERGY NEGOTIATIONS

INDIA CABINET SECRETARY VISITS CALIFORNIA FOR ENERGY NEGOTIATIONS
 SACRAMENTO, Calif., June 3 /PRNewswire/ -- One of India's highest ranking civil servants will visit California to discuss energy projects that could benefit both India and the Golden State. India is wooing the U.S. power players in an effort to mobilize overseas private investment in power sector projects in India.
 To introduce this multi-billion dollar investment opportunity, a six-member delegation, led by India's most senior civil servant, Cabinet Secretary Naresh Chandra, is visiting California June 4-5, 1992. The U.S. Agency for International Development is hosting the delegation, which began May 26, 1992, in Washington and continues to New York, Houston and California until June 6, 1992. The California Energy Commission is helping to coordinate the program in California with assistance from the Consulate General of India, San Francisco.
 "The Commission's Energy Technology Export Program, mandated by state legislation, acts as a 'match-maker' between California energy firms and overseas interested buyers," explained California Energy Commission Vice Chair Barbara Crowley -- chair of the Commission's International Trade Program Committee.
 The U.S. Agency for International Development conducts programs to stimulate international energy development including a program to enhance private power development of projects by U.S. energy companies.
 "The California Energy Commission sees California companies in the forefront as major players in this multi-billion dollar venture. Such cooperation could take various forms involving technology licensing, equity participation, direct foreign investment, power generation, transmission, and distribution, as well as in promoting new energy conservation technology in India," Vice Chair Crowley added.
 In India, energy is a major priority of the government for attracting overseas investments. India is currently facing an acute energy deficit, with a peaking shortage of 18.4 percent. To meet the growing demand for energy, India needs to create additional power generating capacity of 36,000 megawatts over the next five years. (A megawatt equals the amount of energy that powers 1,000 typical California homes.)
 Since July 1991, India has embarked upon far-reaching market oriented changes in its economy. The objective of these changes is to integrate India with the mainstream of international business. As a part of the ongoing reforms, the government has opened up large areas of manufacturing and other sectors to overseas investment by privatizing their power sector.
 The delegation will present the reforms and investment opportunities in a public workshop to power companies on the morning of June 4, 1992, at the San Francisco Hyatt Regency, 5 Embarcadero Center, Palm Court A.
 This workshop will be followed by scheduled meetings with Bechtel Enterprises, Pacific Gas & Electric, Texaco Cogeneration & Power Co., SOLEC International Inc., Alton Geoscience, Hydro Engineering Inc., and Morrison-Knudsen Transportation & Water Resources Group.
 The morning program will be attended by California Energy Commission Vice Chair Crowley. The delegation will also visit U.S. Windpower's Altamont Pass facilities in Livermore, as well as the Photovoltaics for Utility Scale Applications Center in Davis on June 5, 1992, with a view to exploring the potential for the application of these new technologies in the energy sector in India.
 -0- 6/3/92
 NOTE TO EDITORS: Members of the Indian delegation will be available for a press briefing on the morning of June 4, 8:30 a.m. to 11 a.m., at Hyatt Regency Hotel, Palm Court, Room B, 5 Embarcadero Center, San Francisco.
 /CONTACT: Claudia Barker of the California Energy Commission, 916-654-4989/ CO: California Energy Commission ST: California IN: OIL SU:


DG-RM -- SF003 -- 6604 06/03/92 13:23 EDT
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Date:Jun 3, 1992
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