Oil markets are entering a period of renewed uncertainty and volatility, including a possible supply gap in the early 2020s, the International Energy Agency (IEA) said on Tuesday.
India’s energy consumption, already the third-highest in the world, is likely to grow at more than four per cent annually and will nearly triple to 607 million metric tonnes by 2040, Petroleum Minister Dharmendra Pradhan said in Abu Dhabi.
India has declared that nuclear energy is vital for meeting the challenge of climate change and suggested supporting efforts to promote its public acceptance amid growing opposition to nuclear power and plans by some countries to phase out their atomic generation plants.
After having a strong foothold in the IT industry, India is taking giant strides in the Artificial Intelligence Sector, where a study by Finnish industrial digitalization developer ZYFRA found that India is among top 15 countries as far as research in this field is concerned.
Undoing the geographical constraint of its north-eastern states that followed partition, India is seeking a corridor through Bangladesh for transmission of power from its eastern states to its western states.
The first 1,000 MW atomic power unit at Kudankulam Nuclear Power Project (KNPP) is expected to be synchronised to the southern grid on Nov 14, said an official.
The current NDA government’s thrust on science, space research and nuclear energy has resulted in the unprecedented approval in “fleet mode” for construction of 10 nuclear reactors of 700 MW each, Minister of State in the Prime Ministers Office Jitendra Singh said on Thursday.