Energy is an important building block in human development and acts as a key factor in determining the economic development of all countries. The International Energy Agency (IEA) forecasts that world primary energy demand between 2011 and 2030 will increase by 1.5% per year from 12,000 million tonnes of oil equivalent (Mtoe) to 16,800 Mtoe. Developing Asian countries are the main drivers of this growth, followed by Middle East.
India's substantial and sustained economic growth is placing enormous demand on its energy resources. The demand and supply imbalance in energy sources is pervasive requiring serious efforts by Government of India to augment energy supplies as India faces possible severe energy supply constraints.
Energy requirement in India is increasing at a very rapid rate. While efforts are being made to improve availability of various energy sources, there is still a continuing gap between demand and supply of energy. Thus energy conservation has also emerged as one of the major issues in recent years.
Energy means any form of energy derived from fossil fuels, nuclear substances or materials, Hydro-electricity and includes electrical energy or electricity generated from renewable sources of energy or biomass connected to the grid.
India's energy-mix comprises both non-renewable (coal, lignite, petroleum and natural gas) and renewable energy sources (wind, solar, small hydro, biomass).
October 17, 2019
October 14, 2019