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the captive generation capacity) on 31 March 2012 was 231,393.90 MW. Electricitygeneration in the fiscal year 2011-12 was 876.88 billion units. The national annual percapita consumption of electricity during the same period was 813.3 kWh.The approach paper to the 12 th FYP, Mr. Chaturvedi pointed out, has focused on additionto the power generation capacity in the country during the period 2012-2017. Theexpected addition is 94,000 MW. 6 Coal- and gas-based power plants are expected toadd 63,781 MW, hydro projects 9,200 MW and nuclear power 2,800 MW. Renewableenergy sources are expected to add about 29,000 MW during the period. The powersector would require an investment of nearly Rs 13,726 billion (about US$269.80 billion),including Rs 1,351 billion (US$26.60 billion) for renewable energy during 2012-2017,and the private sector is expected to invest 50 per cent this.Automatic approval (Reserve Bank of India Rule) is provided for 100 per cent foreignequity in generation, transmission, distribution and trading of power without any uppersealing on the quantum of investment. FDI in the power sector in the fiscal year 2010-11 was US$1,252 million, making it to a cumulative of US$5,900 million since 1 April2000.The 12 th FYP Working Group has recommended funding of R&D programmes throughvarious schemes such as the National Perspective Plan (NPP) and the ResearchScheme on Power (RSoP). The financial requirement to execute such projects is Rs15 billion (US$294.87 million). A National Clean Energy Fund (NCEF) has been createdfor funding research and innovative projects in clean energy technology. The corpusunder the fund in the fiscal year 2011-12 is expected to be Rs 65 billion (US$1.28billion).CCT development is considered appropriate for the following technologies: refineryresidue-based IGCC; imported coal-based IGCC; high-efficiency CCGT; indigenouscoal-based IGCC; normal CCGT; ultra-supercritical boiler; and supercritical boiler. Thesetechnologies could result in reducing coal consumption by 122 million tonnes of oilequivalent by 2031.The major conclusions of the baseline report are:• Coal will remain an important primary source of energy;• Investment mobilization would be feasible if a GDP growth rate of 8 per cent ismaintained;• Investment in the power generation sector offers an opportunity for the business;• FDI needs to be attracted and the business needs to play an important role;• Fund support for R&D should be enhanced; and• Policy for R&D fund utilization from coal cess and other such routes needs to beestablished.In his presentation on “Financing of the Power Sector”, Mr. S.V. Prasad cited theinvolvement of SBI Capital Markets Limited (SBI Caps) with government’s variouscommittees under the Ministry of Power and the Planning Commission to advise onbroad policy issues and financing aspects of the power sector (Annex XII). SBI Caps,6See footnote 2 on page 5 regarding variation in figures.22