New Delhi: India has started work on a plan to ensure energy security that’s being shaped by a group at the newly established NITI Aayog think tank, energy minister Piyush Goyal said on Tuesday.
The National Democratic Alliance (NDA) government is looking to supply adequate power at affordable prices and double electricity generation capacity to two trillion units by 2019, Goyal told delegates at a conference organized by the Confederation of Indian Industry (CII), a lobby group. “NITI Aayog has set up a group which is now looking at energy security plans for the next 100 years,” Goyal said.
India’s energy woes have meant the country has been hard-pressed to generate enough power to keep its economic engine running at a price that makes its manufacturing competitive.
The government has also put special focus on the importance of energy diplomacy, specifically with reference to building India’s relationship with the energy-rich regions of West Asia, Central Asia and the South Asian energy corridor.
The current regime is also focusing on renewable energy, aiming to boost it to 300 billion units by 2019 from 60 billion now, the minister said. In addition, Goyal also predicted India’s coal production would reach 1.5 billion tonne by then, effectively doing away with the need to import the fuel.