A delegation of industry body CII along with Power and Coal Minister Piyush Goyal is going on a three-day visit to Japan this week to participate in various discussions on key areas across the energy value chain including renewable, clean coal and energy efficiency.

The visit comes at a time when India has set a target of 175 GW of renewable energy capacity by 2022.

"CII is privileged to lead a CEOs delegation as part of the Indo-Japan Strategic Energy Dialogue from 12-14th January, 2016," CII National Committee on Renewable Energy Co-chairman Sumant Sinha who is also Chairman and CEO RenewPower told PTI.

The delegation is being led by Sinha.

He said that "we could be looking at debt and equity financing from various Japanese companies and we could also be looking at equity financing form various Japanese corporates." "We could also be looking at technology transfer in the areas of clean coal, energy storage and LED appliances among others."

Asserting that India and Japan already have established strong partnerships and collaborations in the energy space, Sinha said that he firmly believe there is a huge opportunity to further the energy cooperation across the energy value chain in key areas including energy efficiency, renewable, clean coal, smart grids between both the nations.

He also exuded confidence that over the course of the next few days, "we will be able to identify key areas for collaboration across the energy spectrum and take the discussion forward from the drawing board to reality." Other members of the delegation include Jindal Steel & Power Ltd Managing Director & CEO Ravi Uppal, CLP India MD Rajiv Ranjan Mishra, Hindustan PowerProjects Chairman Ratul Puri and Sun Group of Companies Vice-Chairman Uday Khemka.