Reforms in energy sector accelerated delivering energy justice to poorest of the poor: Pradhan
Monday - February 11, 2019 2:12 pm ,
Category : INDIA
Feb 11 2019 (WTN)- Three day India’s flagship hydrocarbon Conference and Exhibition- PETROTECH-2019 was formally inaugurated by the Prime Minister Narender Modi today at India Expo Mart, Greater Noida. UP CM Yogi Adityanath, Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Dharmendra Pradhan, a large number of ministers from abroad and other eminent delegates were present on the occasion.
On this occasion, the lifetime achievement international award was presented by the Prime Minister to Dr Sultan Al Ahmed Jaber, Minister of State of UAE and CEO, ADNOC.
Speaking on the occasion Pradhan said Energy occupies a very important place in Prime Minister’s vision for India. India has seen unprecedented reforms in the last five years in the energy sector. He said that these reforms have accelerated our work in delivering energy justice to the poorest of the poor by adopting the four pillars visualized by PM Modi- Energy access, Energy efficiency, Energy sustainability and Energy security as our guiding principles.
Pradhan said the world is seeing a dramatic shift in the sources of energy supply and consumption. There has been a big shift in energy consumption from OECD countries to developing Asia. Electric vehicles will also change the consumption patterns. US have become the world’s largest oil and gas producer after the shale revolution and are challenging the traditional oil dynamics. Affordable Solar PV is taking increasing share in the supply mix, helping to reduce carbon footprints.
Minister said that today, India’s voice as a large, reliable energy consuming nation is heard with respect. We have been able to convince the oil suppliers about India’s as well as all consuming nations justified stand for a responsible and reasonable pricing. We have been able to simplify and reform our oil and gas sector policies and guidelines to attract new investors and inject new technologies.
Schemes like Ujjwala and expansion of CGD have proved to be game-changer in drastically ramping up access to clean cooking fuel to millions of common people. Such initiatives are not only leading to energy justice, as envisaged by PM, but also business opportunities and addressing climate change as well as local pollution concerns.
Source-PIB
