Govt keen on electrifying all villages by May 2017
The Dollar Business Bureau Power Minister Piyush Goyal said the government will provide electricity connection to all the villages by May 2017, about a year before the 1000-day deadline established by Narendra Modi-led government. He also announced soft loans for states for undertaking this mission. "Electrification of villages have slowed down during the last couple of months due to rain. After my discussion with the states during these two days, I am confident that all the villages will get electricity connections by May 1, 2017, which is one year before the 1000-day deadline set by our government, which ends in May 2018," Goyal said, addressing the two-day Conference of Ministers for Power, New & Renewable Energy & Mines of States & Union Territories. "The ...
EU to help India achieve energy efficiency in agri
The Dollar Business Bureau Agriculture in India utilises around 18 percent of the overall electricity consumed. In order to deal with energy security, implement country’s climate commitments, to ensure food security and tackle with water problems, India has to take into consideration power efficiency in irrigation. “Keeping this issue in mind, the European Union (EU) has come up with financial and policy experts and European businesses to help India achieve energy efficiency in agricultural demand side management,” said Tomasz Kozlowski, Ambassador, EU delegation to India. “The cooperation between India and the EU will support policy dialogue, bring business solutions, best practices, and combined research and innovation as well as look at the models to finance clean energy and climate change,” said Kozlowski while ...
India sees lowest power shortage at 2.1% in FY16
The Dollar Business Bureau India has seen the lowest ever energy deficit at 2.1% in FY 2016, Power Minister Piyush Goyal informed the Lok Sabha in a written reply on Thursday. He also provided details of power shortage in the country in the previous twenty years as reported by the states and Union Territories. Currently, India is importing power only from one country Bhutan – mainly due to its surplus power that is produced from its hydel power stations with the Indian government’s assistance. The energy totally imported from Bhutan was more than 5 billion units in FY 2016, as per the data released by the Ministry of Power. According to the ministry, there is no shortage of coal as well. All over ...
India-UK plan first-ever ministerial energy summit
Source: PTI India will host the first-ever ministerial-level energy summit with the UK that could become the defining feature of a new type of engagement between the two "natural partners", Power Minister Piyush Goyal has said here. he minister of state for power, coal, new and renewable energy, who is in London to hold talks with his UK counterparts this week, said the summit will help strengthen India-UK ties further. "We discussed with the UK government about the first ministerial summit on energy to be held sometime in June-July in India. The final dates will be worked out jointly and we have invited the energy ministers of UK to come to India and participate in the first-ever summit, which will help us to ...
India to come up with new National Energy Policy
The Dollar Business Bureau India is set to become the main driver of the global energy demand from 2020s and is in the middle of transformation mainly driven by the energy sector. In this regard, ‘What matters to India, will matter to the world and that’s the reason we are focusing on India in 2015,’ says Fatih Birol, Chief Economist, International Energy Agency (IEA). The IEA Chief Economist was addressing a workshop on ‘India Energy Outlook’, which was jointly organised by the IEA and National Institution for Transforming India (NITI) Aayog, with the support of The Energy and Resources Institute (TERI). In his address, the IEA economist said, ‘India needs $100 billion to meet its growing energy demand and ...
