(The Gist of PIB) PM delivers inaugural address at 4th India Energy Forum
(THE GIST OF PIB) PM delivers inaugural address at 4th India Energy Forum
PM delivers inaugural address at 4th India Energy Forum
PM delivered inaugural address at 4th India Energy Forum CERAWeek through video conference. The theme of this edition is “India's Energy Future in a world of Change”.
India Energy Forum established in 2001, represents energy sector as a whole and brings government institutions, policy makers, and multi-national agencies to identify and resolve problems, which impede the development of projects in India.
Key highlights of speech:
PM said India's Energy Plan aims to ensure energy justice (more energy for Indians) while fully following India's global commitments (smaller carbon foot-print) for sustainable growth.
India aims to raise its crude oil refining capacity from about 250 to 400 Million Metric tonnes per annum by 2025.
PM listed seven key drivers of India's Energy Map:
Accelerating efforts towards a gas-based economy;
Cleaner use of fossil fuels, particularly petroleum and coal;
Greater reliance on domestic sources to drive biofuel;
Achieving the renewable energy target of 450 GW by 2030;
Increasing the contribution of electricity to decarbonise mobility;