Around 300 million people, or a quarter of the population of India, the third largest economy in Asia, do not have access to electricity.
Fatih Birol, chief economist at Paris-based International Energy Agency (IEA), in an interview spoke about India’s ambitious green energy targets. He said it is achievable with the right regulatory push and incentives for developers.
Birol also took India’s side in the trade battle between India and the US at the World Trade Organization (WTO), where a dispute settlement panel is hearing the US’s complaints against India’s domestic content?requirements for procurement of solar cells and modules under the Jawaharlal Nehru National Solar Mission (JNNSM).
He also said India should leverage the current crude oil price scenario to negotiate better terms and review the Asian premium charged by the Organization of the Petroleum Exporting Countries (Opec).