Power News We love to talk!
The International Energy Agency (IEA) should encourage its member countries to increase share of renewables in their energy baskets, Power Minister R K Singh said today.
"IEA should encourage all its member countries to increase the share of RE (renewable energy) in their respective energy baskets," Singh told Fatih Birol, Executive Director, IEA in a meeting today.
According to a statement, Birol called on Singh and both of them discussed the role of India on the emerging global energy stage, the steps that the country is taking to boost clean energy dependence of its economy. They also discussed the role that India can play in reducing global carbon footprint by using the IEA platform.
The four main areas of focus of IEA are energy security, economic development, environmental awareness and engagement worldwide. During the interaction, Singh noted that energy is the basic need for any economy for bringing its citizens out of poverty, generate livelihood and improve the general standards of living.
India, with one-sixth of the world s population, still has very low per energy consumption and emissions intensity, when compared to the global average. The scope of India s energy sector expansion is huge, Singh added.
Singh said that the cost of energy generated through clean energy sources such as solar and wind have drastically come down in the last three years and "renewable energy (RE) is the energy of the future".
- BJP involved in power scam in Arunachal Pradesh, says APCC chief Read more
- NTPC arm ties up with German institutes for solar power research Read more
- Special drive to replace incandescent bulbs with LED bulbs Read more
- REC says over 10% lending this financial year will be in renewable Read more
- GE 1.7MW turbine targets India Read more
- Chandigarh to introduce new scheme for improving power supply Read more
- UPCL's Petition seeking post facto approval of the Fuel Charge Adjustment to be charged from the consumers Read more
- Power play: CIL price hike to hurt gencos, discoms Here is how Read more
- EGoM on gas to meet on May 7; power tariff to rise marginally Read more
- Policy on Wind Solar hybrid needs greater clarity Read more