Energy Security through Renewable and Clean Technologies
Keywords: Conference, CII, Electric Power, Gas, Grid, Karnataka, Policy, Renewable Energy, Solar, Wind.
ARC Advisory Group recently attended the Confederation of Indian Industry's (CII) conference on achieving energy security through clean technologies (with specific focus on the Karnataka State in southwest India). More than 170 delegates attended the conference, with good representation from the energy sector, energy-conscious companies, and the State government.
The session moderator from knowledge partner, PwC, set in motion a series of presentations and panel discussions that, while focusing on India's energy challenges, also largely apply to many other developing and developed countries that are struggling to improve energy security by reducing their dependence on imported energy and reducing their greenhouse gas emissions.
To bridge the energy deficit, tapping the potential of renewable sources is the only viable option. Although India has the fifth largest electricity generation capacity in the world, there's a huge gap between demand and supply. The Integrated Energy Policy (IEP) projects a need for 425 GW (present capacity is 227 GW) of installed capacity by 2022 to meet India's electricity needs. To achieve this goal all possible generation sources must be optimally exploited. India must target capacity from clean energy sources, which are environment friendly, improve energy security, and reduce dependence on imported energy. The installed capacity of renewable energy grew at a CAGR of about 23 percent during the 11th Five-year Plan (2007-2012).
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