With slowing energy demand growth in China, India will account for almost one-third of global growth by 2040, according to the latest World Energy Outlook (WEO) of the International Energy Agency (IEA).
The energy sector in India has been challenging for the government as the demand for energy in the country has been rising rapidly.
The Department of Homeland Security and Federal Bureau of Investigation warned in a report distributed by email late on Friday that the nuclear, energy, aviation, water and critical manufacturing industries have been targeted along with government entities in attacks dating back to at least May.
Despite India’s energy needs likely to double over the next 6-7 years going by the current rate of economic growth, the nation will meet two-fifths of its electricity needs with renewable sources by 2030, power and renewable energy minister R.K. Singh said.
India’s energy needs are going to double in the next 6-7 years at the present rate of growth of the economy, according to the Minister of State (Independent Charge) for Power and Renewable Energy, R K Singh.
Rajasthan has taken several steps to save energy and water which are now delivering results, a top official said on Wednesday.
As world energy markets transform at an unprecedented rate, India is at the forefront of the shift towards profitable renewables given that the country’s solar belt has the potential of 749 GW for power generation.
Showing a significant increase in electricity generation, India is now the third highest producer in the world. Generation alone.
India plans to offer stakes of up to 60 percent in oil and gas fields owned by state energy companies that are already under production to private firms, said five government and company sources with knowledge of the matter.
The company had started work on a waste-to-energy project in Badarpur early this year. The Rs 300-crore plant would have the capacity to process 400 tonne garbage per day.