India’s population is growing at an annual rate of 1.55 %. By 2030, India will surpass China as the most populous country in the world. This, in addition to various other socio-economic challenges, will also pose serious challenge of Energy Security. Given the fact that India is standing on the brink of major development spurt, the time to address the challenge is now.
Currently, India is dependent on fossil fuels for about 70 percent of energy generation capacity, coal for 40 percent, followed by crude oil for 24 percent and natural gas for 6 percent. By 2030, India’s dependence on energy imports is expected to exceed 53 percent of the country’s total energy consumption.
Rapid economic expansion has made India, one of the world’s fastest growing energy markets and is expected to be the second-largest contributor in global energy demand by 2035.
In light of the fact that the non-renewable energy resources are rapidly diminishing, India Center Foundation will catalyze processes to comprehensively reassess the energy options and collaborate on awareness and utilization of renewable energy resources. They will include usage of geo-thermal, photovoltaic power generation, wind power, hydroelectricity, tidal, biomass, biofuel and other renewable energy resources. ICF is working towards reinforcement of energy security in India and multilateral dialogue and action to achieve this.
This initiative is currently in the phase of evangelization in the cycle of development.