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India, ASEAN to explore renewable energy

Posted on Nov 07, 09:21PM | IBNS

The first ASEAN-India Ministerial Meeting on cooperation in Renewable Energy was held in the capital on Wednesday.

Union New and Renewable Energy Minister Farooq Abdullah, while inaugurating the meeting, said that this meeting is a unique opportunity to catalize the India-ASEAN Renewable Energy family.

He underlined the importance of renewable energy in India's energy security, for achieving its goal of providing reliable energy supply and access through a diverse and sustainable energy mix.

He stated that ASEAN member countries and India have several commonalities in their quest for targeting renewable energy.

Globally, renewable energy has started making a positive impact on energy supply.

The Global Renewable Energy Status Report 2012 reveals that renewable energy has grown to supply 16.7 per cent of the global energy consumption.

Abdullah stated that today India stands among the top five countries of the world in terms of renewable energy installed capacity and at present renewable power, with over 26 GW installed capacity, represents about 12.5 percent of the total installed power generation capacity in India.

He further said that India aims to achieve about 55 GW of renewable power by 2017.

"Our renewable energy programme is primarily private sector driven and offers significant investment and business opportunities," he said.

The Minister informed that the investment in renewable energy in India has now exceeded US USD 10 billion per year.

This meeting is a beginning to explore new horizons, new pathways to cooperation and new solutions to existing challenges.

It aims to foster greater dialogue, greater sharing and increased interactions at institutional as well as industry levels among ASEAN countries and India.

Abdullah envisioned that every citizen of ASEAN-India region should have access to clean, reliable and affordable energy.

It may be recalled that ASEAN-India partnership has completed 20 years of existence

To celebrate this successful partnership, the Government of India hosted this meeting of the Ministers of Renewable Energy of ASEAN countries and India.

The meeting deliberated and discussed the policy and regulatory framework for promotion of renewable energy in ASEAN member countries and India. T

he issues of financing of renewable energy, cooperation in research and development, technology transfer were some of the issues that came up for discussion.