PM Modi to launch key green energy initiatives at India Energy Week
Key energy initiatives will be unveiled by PM Modi during India Energy Week which will be held in Bengaluru from February 6 to 8.
An overview of the news
It will witness the participation of over 600 exhibitors from across the globe, over 34 ministers and several CEOs from top energy companies.
He will dedicate the HAL helicopter factory at Tumakuru to the nation and also lay the foundation stone for various development initiatives.
China, America, Russia, Brazil and many other countries will participate in this important event.
This is the first time that India is hosting such an event with a record number of CEOs from top energy companies.
According to the International Energy Agency (IEA), India will account for 25 percent of global energy demand by 2040.
Blending of ethanol in fuel
An important initiative to be launched during the India Energy Week will be to increase blending of ethanol in the fuel.
PM Modi is expected to launch the E20 initiative at the upcoming event.
Under the E20 programme, India aims to increase the percentage of blending of ethanol in fuel to 20 per cent by 2025, as against the earlier target of 2030.
In the initial phase, the program will cover 13 states and 100 petrol pumps.
India has saved Rs 40 lakh crore on fuel by blending 10% ethanol and farmers have got economic benefits for producing ethanol.
This initiative has environmental and economic benefits.
Ethanol blending will play an important role in reducing fuel imports and help the country move towards clean energy.
India Energy Week 2023
It is expected to feature more than 30 energy Ministers, 50 CEOs and 10000+ delegates.
This will provide a unique opportunity to showcase India as an engine of global economic growth and a driver of global consumption.
It will provide an unprecedented opportunity for regional, international leaders and CEOs to come together for strategic policy making and technical knowledge sharing.
During the 19 strategic conference sessions, a wide spectrum of issues covering the entire energy sector will be discussed.
It covers themes such as Energy Security, pathways for decarbonization, Resilient Energy Supply Chains, Emerging Fuels such as Biofuel and Hydrogen, Investments in Upstream and Midstream Sector etc.
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