Power & and Oil & Gas Sector Make Progress – President

Sarkaritel
By Sarkaritel February 23, 2016 14:20

Power & and Oil & Gas Sector Make Progress – President


Relations with China, Russia and USA on the upswing

By TN Ashok

New Delhi, Feb 23: India’s President Pranab Kumar Mukherjee today told Indian Parliament that government had taken major steps to boost the infrastructure sector including the Power and oil gas sector.

Following this the power sector had  made commendable progress achieving 76% capacity addition by January, 2015 against the 2014-15 target of 17,830 MW, he told  the joint sitting of both houses of parliament here at the famed central hall.

President Mukherjee said  to provide 24×7 quality power in rural and urban areas, the Deendayal Upadhyaya Gram Jyoti Yojana with an outlay of more than 43,000 crore and the Integrated Power Development Scheme with an outlay of more than 32,600 crore, have been launched.

Special attention is being paid to the un-electrified villages in remote areas, he said pointing out that work was on to ensure ushering in a an improved transmission and distribution system in the North Eastern States. “ We will focus on developing and strengthening the National Grid by developing high capacity power corridors.

To deepen the reforms in the Electricity sector, the Electricity (Amendment) Bill 2014 has been introduced. The ambitious National Smart Grid Mission and Energy Saving Schemes have been started.

Stating that the government emphasis was on clean energy, the President said,  the share of renewable energy in electricity generation is being significantly enhanced from 6% to 15% of the energy mix in the next 7 years. The scheme for setting up 25 mega Solar Parks has been approved. The implementation of the Green Energy Corridor Scheme has been accelerated.

Setting up of solar generating capacities along the international borders will be a key area of attention. My Government has made successful efforts in attracting the Global investors in this sector. Similar attention is being paid to bio-mass and hydro-energy. Government will further expand India’s nuclear power capacity with the highest global standards of safety and technological standards, he said.

Referring to the status of the oil and gas sector which has benefitted from the unprecedented price crash globally resulting in lower value of imports of crude oil, the President said, the petroleum sector has seen major reforms. Diesel prices have been deregulated and are now market driven. The price of petrol has also been decreased by more than 17 per litre. The Government has put to rest all speculation regarding the long pending issue of revising gas prices and put in place a prudent policy in national interest. The ethanol policy has been revised to promote use of ethanol in petrol and help sugarcane farmers.

Referring to the coal sector, the President said, his government is committed to optimum utilization and transparency in allocation of natural resources. The process for auction of coal blocks has been started in a manner which will reduce the power costs in the country, provide adequate fuel to increase power generation, enhance production of steel, cement, aluminium and other essential materials. This will also provide huge resources from allotment of mines to the mineral and coal bearing states particularly in eastern areas for accelerated development of the region.

The swift and timely action taken by my government in this regard prevented the closure of mines which otherwise would have rendered thousands jobless. In coming years, my Government would make focussed efforts to expand exploration capacity and to increase domestic coal production to 1000 MTPA, he said. .

Sarkaritel
By Sarkaritel February 23, 2016 14:20