The National Institution for Transforming India, also called NITI Aayog, has extended the time for submission of comments on the Draft National Energy Policy till July 24 this year based on requests from stakeholders and the general public at large.
Earlier, the last date for obtaining public comments on the Draft National Energy Policy was July 14.
The Draft National Energy Policy was placed on the website of NITI Aayog on June 27 for obtaining public comments.
The NITI Aayog had been tasked with the responsibility of formulating the draft National Energy Policy (NEP), which would reflect priorities of the Government of India and capture emerging opportunities in energy technologies and markets across the globe.
The policy would replace the Integrated Energy Policy framed by the erstwhile Planning Commission in 2008.
In compliance of the government’s direction, the NITI Aayog entered into stakeholder consultations facilitated by its partner think-tanks for well over a year.
The broad contours of the draft NEP have also been discussed with related Ministries.
The salient policy recommendations of the draft NEP are:
Based on India’s energy ambitions for the year 2040, the draft NEP proposes early action to achieve the Prime Minister’s bold announcements in the energy sector for the year 2022, as well as India’s NDCs for which the target year is 2030.
The NEP anticipates major transformations in the demand and supply of energy arising out of fast evolving technology, consumer behaviour and air quality considerations. It provides for a flexible energy system which would quickly respond to market cues.
The broad objectives of the policy are enhanced energy independence, increased access at affordable prices, greater sustainability and higher economic growth.
The policy suggests interventions to rapidly reduce the gap on energy consumption parameters between the rural and urban areas, and proposes 100% electrification and clean cooking coverage by 2022.
It recommends increased commerciality for energy producers, transporters and distributors, and envisages reduction in energy prices through efficient markets. Attractive returns are likely to drive large investments in the Indian energy sector.
It assures subsidies, as per Government policy, to vulnerable sections of the society through Direct Benefit Transfer (DBT).
The policy also devotes attention to vital concerns of energy efficiency, technology, regulatory oversight, effective overseas engagements, air quality considerations and human resource development in the energy domain.
Its recommendations are under-pinned by modelling projections using NITI Aayog’s Energy Modelling Tool, India Energy Security Scenarios – 2047. The above model has been used to generate the BAU and NITI Ambition Scenario (NAS) for 2040.
The period 2017-2040 is expected to witness a quantum leap in the uptake of renewable energy, drastic reduction in energy intensity, doubling of per capita energy consumption and tripling of per capita electricity consumption.
It is expected that implementation of the NEP would cater to wider consumer choices, and provide level playing field, competitive economy and energy secure India by 2040.
Source Link – ET Energy World
Latest posts by ET Energy World (see all)
- Global Oil Demand In 2017 Grew Fastest In A Decade: IEA - March 23, 2018
- Be Ready To Shell Out More For Using CNG And PNG From April 1 - March 23, 2018
- Coal-Power Projects Worldwide, Including India, See Steep Drop - March 23, 2018