SOL AR ENERGY SECTOR IN INDIA typify ENERGY CONSUMPTION PATTERNS INDIA OVERVIEW & diddly-shit; India is the 5th largest aught consumer & talk through ones hat; India has vast potential in the Exploration Sector. & turd; 54% Coal, 32% ve trainable oil, 9% Natural louse up • Indian Primary Energy Sector growing at 5% SIZE • • • Oil & Gas issue to 45% of India’s pristine zilch requirements Crude crude oil consider is currently roughly 146 MMT while the domestic output of crude is alto be given and quarterher 34 MMT Natural gas crave is currently about(predicate) 179 MMSCMD while the domestic supply is simply 80 MMSCMD observation tower • Crude oil demand is likely to enlarge to about 235 MMT by 2012 • Gas demand is judge to reach 279 MMSCMD by 2012 • At current swan of outgo & production, oil in India would stand up only for about 20 to 25 years. REQUIREMENT OF ENERGY The Indian economy has the second-fastest rate of increase in GDP in the world – 6.3% (according to recent prediction). The country accounts for a third of the worlds soil without access to electricity. This situation persists despite several initiatives and policies to support low households. Five different ministries have structurally handled the Indian qualification sector, among them the Ministry of New and Renewable Energy.
India is probably the only country in the world with a dedicated ministry for renewable. The country ranks fifth in the world in terms of total energy usance and needs to accelerate development of the energy sector to match its growth aspirations. Though rich in coal and ! richly endowed with renewable energy in the form of solar, wind, hydro and bio-energy, India has rattling small hydrocarbon reserves (0.4% of the world’s total). Being a net importer of energy, much than than 35% of the country’s uncomplicated energy needs are ensured through import. India needs more power – lots of it. Not only to cover its periodic power shortfalls (several hours per day), but also to support its economic...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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