India seeks joint collaboration with Japan on energy efficiency, conservation

Both nations chalk out roadmap for further collaboration in electricity, renewable energy, energy efficiency and conservation, coal and petroleum and natural gas

Piyush Goyal
BS Reporter New Delhi
Last Updated : Jan 14 2016 | 1:00 PM IST
The primary objective of the government’s thrust on energy efficiency investment is to promote sustainable development and improve energy access at affordable prices to the people, said Piyush Goyal, union minister of state for power, coal and new & renewable energy. He is on a visit to Tokyo to attend the Eighth India-Japan Energy Dialogue.

The joint statement issued following the conclusion of the Energy Dialogue chalked out a clear roadmap for further collaboration in the fields of electricity, renewable energy, energy efficiency and conservation, coal and petroleum and natural gas.

While on the visit, Goyal informed that the use of energy efficiency measures as well as promotion of cleaner and renewable sources of energy in India is a step forward. He also underlined the fact that India is trying to reduce dependence on imported fossil fuels, while simultaneously adopting advanced technologies to address its developmental priorities. 

Goyal asked the Japanese and Indian industry to come out with innovative technologies that could serve the needs of the common man — particularly for unserved sections of India where electricity grid is yet to reach.  

Goyal stressed on the importance of promoting energy efficiency in agriculture sector where more efficient pumps could replace the existing inefficient ones leading to savings on energy, better technology to the farmers and benefit of financial saving to the states of India. He invited the industry to implement energy efficiency projects in a manner where a comprehensive package is provided to the consumer, starting from the energy audit to the implementation.

Goyal attended three roundtable conferences on Wednesday morning on Clean Coal Technologies and Efficient Coal Based Power Generation, Super-Efficient Appliances & LEDs and Energy Efficient Petroleum Refining — Energy Audit in Refineries. He also participated in two roundtable conferences held on the theme of Energy Storage Technologies and Smart Grids/Smart Meters today morning. It was decided to carry out a study to ensure cost competitiveness of technology by working out incremental cost vis-a-vis reductions in pollution emissions to ensure power generation at affordable rates. Detailed discussions were held on Kobe Steel’s engagement in taking up Upgraded Brown Coal Technology  (UBC) for upgrading lignite from Neyveli.

A delegation of about 30 top Indian businesspersons is accompanying the Minister. This is in addition to PSUs like Indian Oil, Hindustan Petroleum, IREDA, NTPC and others. Japanese companies participating in the meetings include Toshiba, Hitachi, Sumitomo, NEC, NGK, Omron, Mitshubishi, Fuji,Yokogawa, Toyo, Panasonic and others. Besides their participation in sessions dedicated to priority energy areas, an Investors’ Roundtable Dinner was also held. The Minister also participated in a roundtable seminar at the Institute of Energy Economics of Japan (IEEJ).
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 14 2016 | 12:58 PM IST

Next Story