Vision to make India Global leader in wind energy: Farooq
Union Minister for New and Renewable Energy Farooq Abdullah today said his Ministry's vision was to make India a global leader in wind energy by adding around 30 GW of renewable power during the 12th Five Year Plan.
Inaugurating 'Wind Power India-2012', an event organised by Wind Power Manufacturers here, he said though India has made significant progress in renewable energy, and wind power in particular, it still has a to go a long way.
"All favourable conditions in terms of potential, technical, support facilities, favourable policy and regulatory environment, robust manufacturing base, and investor's confidence are available for an accelerated growth of wind sector", he said and added that the vision of the Ministry was to enable India to be a global leader in wind energy.
Dr Abdullah said the country faces a formidable challenge in meeting the energy needs and providing adequate and affordable energy to all sections of society in a sustainable manner.
"With an energy demand supply gap of eight per cent, peak shortages to the order of 11-12 per cent, and grid access not available to over 55 per cent of the rural population, maximising the utilisation of renewable energy sources for providing energy access is imperative", he added.
He said to sustain an economic growth rate of over 8 per cent through the next two decades, there was an immediate need to increase the primary energy supply by three to four times and electricity supply by at least five to seven times of the current consumption.
"In a business-as-usual scenario, the country might need to import over 90 per cent of its requirement of oil and over 45 per cent of its requirement of coal. This demands an overarching energy strategy that would provide a reliable and sustainable energy supply through a diverse and sustainable fuel-mix", he said and stressed the need for increasing the share of clean, sustainable, new and renewable energy sources in the overall energy mix.