- India meets more than three fourths of its energy requirements through imports. The imports, worth around $150 billion annually, is expected to double by 2030 unless a planned strategy to reduce demand for fossil fuel is put in place at the earliest.
- “We are exploring the possibility of a central body that would break down the silos that currently exist between different ministries and work with an integrated approach towards the energy security needs of the country over a longer period ” an official said.
- The proposal is in sync with the views of former President APJ Abdul Kalam, who had underlined the need for India to have a National Energy Commission to coordinate the efforts.
- The paper prepared by NITI Ayog, which proposes an overarching energy policy for the country, is pending with the PMO and once approved, will start stakeholder consultation to give a final shape to this government’s National Energy Policy. The new policy will replace the Integrated Energy Policy of the previous government which had failed to take off, this official added.