Power developer Reliance Power on Monday sought tax concessions from the government to spur investment in the sector even as it doubted if the target of providing power for all by 2012 could be achieved.
Participating in a debate on power tariff policy, D V Kapur, chairman, Reliance Power, said the objective of adding additional 100,000 MW of generation capacity was destined to meet the same fate as the targets set forth in the earlier plans.
"Why make such statements. We should not talk of such targets at least not in internal fora...economic matters need much more seriousness," Kapur said.
Responding to the criticism, power secretary R V Shahi said all efforts were being made to achieve the target.
"Target is achievable and not impossible...without a target we will get nowhere," he added.
Terming these targets as a mere wish list, Kapur said the government should undertake exercises to see whatever maximum targets could be realised in the next 8-10 years.
Kapur said previous plans had failed to meet the stated objectives merely because 2-3 years were spent in taking preparatory action on the projects.
Kapur said the government should reconsider the taxes and duties imposed on the sector.
A reduction would spur further investments, create more incomes and generate additional revenue, he said.