Energy Projects in India that IEF Supports
Introduction
India is among the fastest growing economy in the world and its energy consumption is slated to increase rapidly. According to the government’s policy think-tank the India’s energy demand is likely to go up by 2.7 - 3.2 times with per-capita energy demand expected to increase from 0.5 to 1.1 to between 2012 and 2040. The country currently imports nearly 77% of its crude oil requirements leading the government to set a target of reducing this import by at least 10% by 2022. Further, it has set a target of increasing the contribution of gas in India’s energy mix from existing 6.5% (global average is 23.5%) to 15% by 2022.
The government has now planned to set up bio-CNG plants and allied infrastructure through the Oil Marketing Company (OMCs) by 2019-20. It plans to allocate US $1 Billion for setting up infrastructure of bio-CNG which will be channeled through the OMCs. This will be a major step towards its aim of making India a gas- based economy in the future.
Management Team
Managing Director
Operations Head
Managing Director
Nalina Pillai
Anil Kumar Singh
Jacob Jacob