'This is a daunting and formidable task which needs cooperative effort from all stakeholders. We know power projects are high investment-intensive but it is also true that financial closures in power sector projects are also achieved speedily,' he said.

The minister also alluded to the capacity building needs in the area of fuel resources.

'My effort would be to work closely with the ministries concerned in this regard,' he said, stressing on the need for ensuring the availability of coal, natural gas and liquefied petroleum gas for running power plants smoothly.

Solanki also announced the launch of a national campaign on energy efficiency involving all stakeholders and interest groups at the national and regional levels.