Big bets on nuclear, wind power, says PwC

Power companies worldwide, including those in India, expect generation and utilisation of wind energy and nuclear energy to increase substantially in the next five years, says a Pricewaterhouse Cooper (PwC) report released on Thursday.

The ninth annual PwC report “Energy and Efficiency: Utilities Global Survey 2007″, based on responses from 114 power companies in 44 countries, warns however, that regulatory reform in India, as well as large investments in energy efficient technology are essential to overcome the existing power shortages.

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