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Govt is focusing more on energy efficiency: NITI official

Nov 28, 2019

“We recommend that subsidies are kept at a minimum and free market conditions are encouraged," said R P Gupta, Addl Sec, NITI Aayog.

New Delhi: ‘Government is focusing more on energy efficiency in economy on the demand side across all sectors,’ said R P Gupta, Addl Sec, NITI Aayog while addressing the CII Energy Conclave at New Delhi today. He further added that by 2030, renewable energy share is estimated to increase from 2 per cent to 19 per cent, creating a plethora of opportunities in the domain and energy efficiency space. Mr Gupta also opined that we must rationalize taxes, subsidies and industrial tariffs to ensure proficient distribution of energy resources. The prime push of the Government is to change the energy mix which is heavily reliant on oil & gas to shift its focus on renewable bases.

Sameer Gupta, Chairman, CII Northern Region, & Chairman & Managing Director, Jakson Engineers Ltd also addressed the gathering and said, “We recommend that subsidies are kept at a minimum and free market conditions are encouraged to foster adoption and uptake of a clean and e-mobility regime.” He also mentioned that the energy sector plays a very important role in the growth of an economy. India’s energy sector is on the cusp of transformation as it has set itself quite ambitious targets in the energy space.

“According to the International Energy Agency estimates, India is poised to occupy the centre stage of world energy consumption, as its share goes on increasing from 6.5 per cent in 2010 to 10.8 per cent in 2040,” said Nikhil Sawhney, Deputy Chairman, CII Northern Region, & VC & MD, Triveni Turbine Ltd.

Sanjeev Aggarwal, Co-Chairman, CII NR Regional Committee on Renewable Energy and MD, Amplus Solar also graced the occasion and said, “We have been witnessing changes in the energy mix due to enhanced policy focus on climate change, energy security concerns, etc., due to which the penetration of renewable electricity, especially from wind and solar energy, has been increasing steadily and is projected to grow much faster in the coming years.” Mr Vineet Mittal, Chairman, Avaada Group championed the cause of clean energy in the light of soaring pollution and informed the audience that “The deteriorating condition of pollution in Delhi/NCR & adjoining areas will not improve unless we compliment coal generated power with renewable power sources. Our government has also suggested an ambitious plan to join wind and solar energy plants to the national grid.”

Many industry stalwarts from the energy sector and its various segments indulged into knowledgeable discussions with the stakeholders present in the meeting.

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