The statement assumes significance due to India's focus on energy transition, with ambitious targets of 500 GW of renewable energy by 2030 and net-zero by 2070
In a significant statement, a senior official emphasised that India cannot compromise on energy security solely to meet climate goals, especially in the context of the country's ambitious targets for an energy transition, including 500 GW of renewable energy by 2030 and achieving net-zero emissions by 2070.
During the inaugural CII South Asia Power Summit, Ashish Upadhyay, Special Secretary and Financial Adviser at the Ministry of Power, acknowledged India's record power demand, reaching an unprecedented 243.27 GW in September. With a current power generation capacity of around 426 GW, including more than 213 GW from coal and lignite sources, Upadhyay underscored the critical role of energy security in India's policy considerations.
"We cannot overlook the imperative of energy security merely in pursuit of climate goals," stated Upadhyay, expressing respect for climate change protection and net-zero emission efforts while emphasising the continued importance of ensuring energy security.
Participating alongside three other South Asian countries—Bhutan, Bangladesh, and Nepal—Upadhyay highlighted the vast thermal (coal-based) power resources available in India. Despite ongoing efforts towards climate goals, he reiterated the country's commitment to maintaining energy security as a key priority.
Upadhyay noted the peak power demand exceeding 240 GW this year and stressed the future need for significant power generation capacities to meet growing demands. Emphasising cooperation among the four nations, he acknowledged the rising aspirations of their populations and shared plans for achieving high economic growth rates of up to 8 percent.
Pointing to the advantages of a common grid connecting these nations, Upadhyay expressed confidence in meeting increased demand through seamless energy transfer between regions. He highlighted the abundant natural resources and rivers in the region that can be harnessed for power generation.
In addressing global disruptions, particularly in the aftermath of the Russia-Ukraine war, Upadhyay called for collaborative efforts in creating a regional market to enhance resilience and protect societies against potential future disruptions.
In summary, the official's statements emphasised India's commitment to a balanced approach, considering both energy security and climate goals. The collaborative efforts with neighbouring countries and the focus on regional resilience underscored the strategic vision for sustainable and secure energy systems in South Asia.