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Welcome to
India Energy Summit 2008
14-15 November 2008, India Habitat Centre, New Delhi
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India being one of the fastest growing economies in the world has a fast growing energy demand fueled by an ever-increasing rate of industrialization and urbanization. India needs to increase investments in the energy sector because economic growth has to take place at an expected level of over 9% per annum for planned development.
With this targeted GDP growth rate of 8 percent, and an estimated energy elasticity of 0.80, the energy requirements of India are expected to grow at 5.6- 6.4 percent per annum over the next few years. This implies a four-fold increase in India’s energy requirement over the next 25 years and India faces significant challenges to meet this.
This growth would mean a Year on Year capacity addition of 18,000 - 20,000 MW to achieve this ambitious plan of moving India to a Developed Economy status, as an Economic Global Powerhouse. The Target Mission: ‘POWER for All by 2012’ would mean achieving the target of 1000 KwHr (Units) of per capita consumption of electricity by this period.
To achieve this goal, the following factors are critical
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Quality, Affordable and Reliable Power |
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An investment of almost $250 billion into the sector |
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Adequate Capacity addition to sustain the growth |
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Adequate availability of power for rural areas both for household and agricultural purpose. |
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Increasing the Role of Hydel & Renewable Energy in the Energy Mix. |
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Urgent need to develop the alternatives, both in the Fuel & Technology terms. |