An insight into the energy industry

first_imgThe ’12th India Energy Summit 2018′, which was organised by the Indian Chamber of Commerce (ICC) from November 13-14 at Hotel Le Meridien, New Delhi provided a whiteboard to the participants from the energy industry to deliberate and exchange ideas on affordable and accessible powers as well as smart integration of renewable energy, among others. The two day conference focussed on carbon dioxide emission reduction and cleaner uses of coal, a crucial domestic fossil fuel which, if used intelligently, can help secure energy security. Also Read – Add new books to your shelfThe conference was graced by principle secretariats of participating states, industrialists and global energy experts from GIZ, ADB, India Smart Grid Forum, PGCIL – amongst others, who delved deep into pioneering energy schemes such as ‘Saubhagya’ and deliberate on issues that are plaguing the sector as well as on the development of Gas Trading Hub –on central pricing point for natural gasduring the sessions. Eminent stalwarts of the sector such as Gurpreet Chugh, Managing Director, ICF and Rudra Chatterjee, President, ICC also addressed the session. Chaired by Anil Razdan, Former Power Secretary, Government of India and Chairman, ICC National Expert Committee on Energy, the conference saw participation from major Indian states such as Gujarat, Maharashtra, West Bengal, Andhra Pradesh, Karnataka, Punjab, Madhya Pradesh and Haryana. Also Read – Over 2 hours screen time daily will make your kids impulsive”As we plan to bring in more renewable/alternative power in the Indian energy mix, it demands a need to create a balance in energy production through efficient but cleaner conventional power sources such as hydro and gas which are traditionally cleaner sources of energy however; these need push as they currently do not meet the required capacity requirements,” stated Ajay Kumar Bhalla, IAS, Secretary, Ministry of Power, Government of India. Speaking at the event, Anil Razdan, Former Power Secretary, Government of India and Chairman, ICC National Expert Committee on Energy said, “The Energy Summit is being held in the backdrop of India well on track to meet its green house gas (GHG) emissions intensity to GDP international commitment at Paris, and also in respect of non fossil fuel generating capacity, particularly in solar PV. However domestic manufacture of solar equipment is meeting a stiff challenge from imports.” “The health of the electricity distribution sector at the state level continues to be a cause of major concern. Meeting the fuel needs of coal and gas fired power generating stations is a challenge, and also the large financial distress in the private sector generating assets. Rising international oil prices in 2018 have raised price and financial burden on the consumer as well as federal finances. Moving to cleaner cooking and automotive fuels, the availability of affordable gas through a gas grid and a robust gas infrastructure are a challenge,” he added. Addressing the session, Gurdeep Singh, Chairman and Managing Director, NTPC, mentioned that the power sector authorities are making all the necessary efforts to provide electricity to each and every household in India. He also pointed out that the cleanest source of energy in any household is electricity which is actually a cleaner energy option for cooking is hardly used, thus this form needs to be promoted more effectively.last_img read more