U.S. and Indian Experts Discuss Electricity Markets, Portfolio Management

August 25, 2006

NEW DELHI – U.S. and Indian energy professionals met today to discuss the role of energy markets and how private sector portfolio management can catalyze trade and investment in the energy sector. The experts stressed that increased private sector involvement and better risk management in the energy market will help meet the investment needs of the sector.

The energy executives met during a training session for professionals on “Electricity Markets and Portfolio Management” organized by the South Asia Regional Initiative for Energy, a program of the United States Agency for International Development (USAID).

Speaking on the occasion, USAID India Mission Director George Deikun said: “The United States hopes that this event will promote the development of transparent energy markets and commercial utility business practices that enable greater energy security in the long-term.” He added that USAID is committed to supporting multiple initiatives to develop energy markets, increase investments and strengthen trade linkages within South Asia.

Mr. Deikun said the purpose of today’s event was to help Indian electricity professionals learn best practices for a market-based electricity business. He noted that USAID is working with India’s Ministry of Power to promote the sustainable operation of utilities and the adoption of best business practices in other areas as well.

The executive session was preceded by a USAID-supported training program on electricity portfolio management for mid-level officials from power utility organizations. Portfolio management is a tool to help manage risk and optimize prices.

This program follows on the wide range of energy initiatives the U.S. and India have embarked on together in recent years, including efforts to promote regional energy security.

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