Indian Energy Industry

 

  • Indian Energy Industry 
  • As per the India Energy Security Scenarios (IESS), both total energy demand and supply of India is estimated to grow at 3.5 times by 2047. 
  • The contribution from oil and petroleum sector will be around 50% in 2032, increasing up to 84% in 2047 whereas share of natural gas sector would increase from 11% in 2032 to 20% of the total supply in 2047 
  • Oil is expected is drive the expansion in the freight transport sector as well as urban construction. 
  • Share of natural gas at 6% in the energy mix for India is one of the lowest in the world India's refining capacity, as of April 2024, is 256.8 MMTPA across 23 refineries. 
  • By 2030, the country aims to nearly double this capacity, reaching between 450 and 500 MMTPA  
  • The National Green Hydrogen Mission, has an outlay of Rs. 19,700 crore and will aid low carbon intensity and reduce dependence on fossil fuels. 
  • Ministry of New and Renewable Energy targets 500 GW non-fossil-based electricity generation by 2030, as per the Prime Minister's COP26 announcement, with an added installation of 13.5 GW renewable energy capacity in 2023   

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