India to reduce Energy Intensity of Economic Growth by one-third by 2030, aim towards Responsible Growth: Shri R.K. Singh
Emphasizing the importance of energy in a country’s economic growth, Shri R.K. Singh said that no country can progress without increase in energy consumption, more so for developing countries. India’s per capita annual energy consumption is 1100 units, which is 5 times lower than Europe and 16 times than US. Nevertheless, the Minister reiterated India’s commitment to reduce the energy intensity of its economic growth by one-third by 2030 and aim towards achieving a responsible growth profile. He added that the country is well on track to surpass its renewable energy (RE) target of 175 GW by 2022 and would comfortably cross 200 GW. Further, India’s RE capacity would be 57% of the total installed capacity by 2030, including hydropower, the Minister said.
Shri Singh also informed the gathering about the roadmap of RE released recently by the Ministry. Bids of 20GW Solar power and 9GW wind power have been opened this year. In the coming 2 years, bids for 30GW Solar and 10GW wind each year would be opened, informed the Minister. Further, Shri Singh also stated that the Ministry is already undertaking surveys for floating solar power and off-shore projects in the country. Next year, bids for 5GW offshore wind power projects are in the pipeline, the Minister informed.
Power Minister also detailed the steps taken by the Government to increase energy conservation and efficiency of the economy. These included energy efficiency labelling of 21 consumer goods by Bureau of Energy Efficiency (BEE); Energy Conservation Building Codes notified in 10 States and 1 Union Territory; over 300 mn LED lamps distributed; 8.5 million tonnes of oil equivalent saved in energy through Perform, Achieve and Trade (PAT) scheme and 6000MW power generation capacity avoided in the 1st cycle of PAT.
In the last 19 years (1999-2017) of the award scheme, the award participants have collectively invested over Rs. 48,000 crores in energy efficient technologies and processes, and saved nearly Rs. 38,000 crores through reduced electricity bills and avoided capacity generation. In energy terms, they have saved over 44 Billion kWh of electrical energy, 5.1 billion litres of oil, 22.6 million metric tonnes of coal and 250 billion cubic meters of gas.