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Energy security

By: Lahiry, S.C.
Material type: materialTypeLabelBookPublisher: Yojana Description: 68(9), Sep, 2024: p.41-45. In: YojanaSummary: As per economic survey 2023-24, India ‘s energy need are expected to growth 2 to 2.5 times by 2047 to meet a growing economy’s developmental priorities and aspirations. Energy security would be enhanced through diversification of the sources of imports and increased domestic production while reducing energy demand. According to ministry of power, 54-5 per cent of India’s power came from thermal scours (like coals, gas and diesel), while 45-5 per cent came from non-fuel sources, which includes 1.8 per cent nuclear power in June 2024. Adopting gasification technology in India can revolutionist sector, reducing reliance on imports of neural gas, ammonia, methanol and other essential precuts while reducing emission. High dependency on imports mainly for petroleum for its energy needs shifts to high import dependency for Solar PV panels and critical minerals whose supply chain is heavily skewed. India needs to target diversified energy sources. Such diversification will help minimise risk associated with energy system while pursuing with low emission path. – Reproduced
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68(9), Sep, 2024: p.41-45 Available AR133181

As per economic survey 2023-24, India ‘s energy need are expected to growth 2 to 2.5 times by 2047 to meet a growing economy’s developmental priorities and aspirations. Energy security would be enhanced through diversification of the sources of imports and increased domestic production while reducing energy demand. According to ministry of power, 54-5 per cent of India’s power came from thermal scours (like coals, gas and diesel), while 45-5 per cent came from non-fuel sources, which includes 1.8 per cent nuclear power in June 2024. Adopting gasification technology in India can revolutionist sector, reducing reliance on imports of neural gas, ammonia, methanol and other essential precuts while reducing emission. High dependency on imports mainly for petroleum for its energy needs shifts to high import dependency for Solar PV panels and critical minerals whose supply chain is heavily skewed. India needs to target diversified energy sources. Such diversification will help minimise risk associated with energy system while pursuing with low emission path. – Reproduced

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