Energy Sector:Issues And Opportunities
INDEX
S. No Title Page no.
1 Executive Summary 4
2 Introduction 5
3 Segment wise Analysis 8
I. COAL 9
II. OIL 11
III. NATURAL GAS 14
IV. NUCLEAR ENERGY 19
V. HYDRO POWER 22
VI. RENEWABLE ENERGY 24
VII. WIND ENERGY 25
VIII. BIOFUEL 26
5 Integrated Energy Strategy 28
6 Ensuring Energy Security 30
7 Conclusion 34
8 Bibliography 35
Executive summary
As India's economy accelerates, so does the quest for energy to keep its growth humming. The country's consumption of coal, oil, natural gas, and electricity is projected to rise by nearly 40 percent over the next five years and almost to double by 2020.
Already, surging energy demand is outstripping supply, raising hard questions about how India will cope in the future.
Despite vast coal reserves, domestic production has lagged behind demand for ten years, and the shortfall is growing. What's more, India imports 70 percent of its petroleum, exposing it to wild swings in world energy prices and pitting it against China and other countries keen to buy hydrocarbon reserves.
Due to all these uncertainties the demand for energy is growing to increase significantly in an era where the GDP of India is expected to grow to USD 2 trillion by 2020 from the current
level of USD 500 billion. For this reason it becomes essential for India to be energy
dependent.
With 70% oil import and 75% usage of coal for power generation, the economic and
ecological distortion caused is huge. Thus there is a need to shift from these energy
sources. The answers to these are natural gas, nuclear power, renewable energies and biofuels
all of which have huge potential in India. For utilisation of these new energy
sources huge investments are required. There is also a need for private participation in
this sector with the help of...
Please login to view the full essay...