New Delhi, Delhi, India:The Economist Intelligence Unit yesterday launched a white paper titled “Empowering growth: Perspectives on India’s energy future” at a closed-door discussion-that included a keynote interview with Dr. APJ Abdul Kalam, former President of India. Launching the white paper, Dr. APJ Abdul Kalam said, “More than any form of technology, what India needs is the social awareness and incentives for the industries and homes to go green. Moreover, in India, like most developing nations, there is a great scope for this fifth source of energy – energy efficiency. In distribution of the power alone, the losses are over 40% in many states, there is also an immense scope for energy efficiency at household levels ranging from cooking fuels to smart buildings which can save up to 50% of the energy consumption.” The original white paper from the Economist Intelligence Unit (EIU) examines and highlights the challenges India’s energy system faces as well as the critical changes it needs to make it meet its future challenges. The discussion called business leaders, policymakers and leading thinkers from India's energy sector plus heads of multilaterals and advocacy organisations to collaborate better and have an open dialogue.
Launched by Charles Goddard, Editorial Director, Asia Pacific, EIU, the white paper addresses concerns around where the opportunities for India’s energy future lie? Will the country be able to surmount the challenges to achieve its economic potential, or will a lack of steady energy supply continue to impede growth? How will initiatives such as the government’s plans to boost gas and oil production, aiming at reducing the expensive hydrocarbon import bill or developing a renewable-energy policy improve the situation?
The white paper features contributions from M. Govinda Rao, Member of the Prime Minister’s Economic Advisory Council
and Director-General, National Institute of Public Finance and Policy;
Dr. Arunabha Ghosh, CEO, Council on Energy, Environment and Water (CEEW);
Dr Rahul Tongia, Technical Advisor, Smart Grid Task Force, Government of India
and Adjunct Professor, Carnegie Mellon University;
Dr Charles Ebinger, Director, Energy Security Initiative, The Brookings Institution;
Dr. Rajiv Lall, Vice Chairman, IDFC
; Stuart Neil, Director, and Philip Thomas, Scenarios Project Manager, World Energy Council
and covers the following topics:
-- India’s “energy trilemma”: An international perspective
-- India and the other BRICs: Energy and the implications for economic growth
-- India’s energy strategy: historical and future perspectives on overall energy security
-- Industrial demand and energy supply management: a delicate balance
-- The distribution and infrastructure challenge: improving India’s grid network and rural electrification
-- Prospects for and challenges to the broader adoption of renewable energy
“Despite India’s roaring economic growth over the past decade, and its citizens growing belief that it is finally ready to join the league of global super powers, the country remains vulnerable to occasional dysfunction. Ultimately, without a comprehensive, integrated energy plan, India is looking at adding billions of dollars to its import bill for fossil fuels to provide energy and deepening worry about energy security.”, said Martin Adams, Energy Editor, Economist Intelligence Unit (EIU).”
In attendance were some of the most respected names across the energy sector and from government and business including: M. Govinda Rao, Member of the Prime Minister’s Economic Advisory Council
and Director-General, National Institute of Public Finance and Policy,
Dr. Arunabha Ghosh, CEO, Council on Energy, Environment and Water (CEEW),
Dr. Rahul Tongia, Technical Advisor, Smart Grid Task Force, Government of India
and Adjunct Professor, Carnegie Mellon University.
The discussion was chaired by Charles Goddard, Editorial Director, Asia Pacific, Economist Intelligence Unit (EIU).
The intimate gathering provided the ideal platform for a highly engaging discussion and presented a forum for progressive solutions-driven dialogue around key issues. The forum gave the audience a great opportunity to listen to a healthy cross-section of perspectives from amongst business leaders and the audience. Key topics covered included the recent power blackout that left over 600 million people without electricity, improving efficiency of India’s energy sector, impediments to investment resulting in India’s energy supply unable to meet demands of its burgeoning economy and how can the energy sector continue to power its economy in the long term.
More information about the launch event is available at http://www.economistconferences.asia/event/india-energy-future
Empowering growth: Perspectives on India’s energy future, commissioned by Cairn India is available free of charge at: http://www.managementthinking.eiu.com/empowering-growth.html
To see a podcast with Martin Adams, EIU energy editor, discussing India’s energy future with David Line, senior editor for EIU industry & management research, click here: http://www.managementthinking.eiu.com/empowering-growth.html?quicktabs_content=multimedia#quicktabs-content
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