PM Narendra Modi Inaugurates IEW 2023
Prime Minister inaugurates the India Energy Week (IEW) 2023 in Bengaluru, Karnataka. IEW is aimed to showcase India's rising prowess as an energy transition powerhouse
February 06, 2023. By News Bureau
Over 30,000 delegates, 1,000 exhibitors and 500 speakers will gather to discuss the challenges and opportunities of India's energy future. During the programme, Prime Minister will participate in a roundtable interaction with global oil & gas CEOs. He will also launch multiple initiatives in the field of green energy.
The ethanol blending programme has been a key focus areas of the government to achieve Aatmanirbharta in the field of energy. Due to the sustained efforts of the government, ethanol production capacity has seen a six times increase since 2013-14.
The achievements in the course of last eight years under under Ethanol Blending Programe& Biofuels Programe have not only augmented India’s energy security but have also resulted in a host of other benefits including reduction of 318 Lakh Metric Tonnes of CO2 emissions and foreign exchange savings of around Rs 54,000 crore.
As a result, there has been payment of around Rs 81,800 crore towards ethanol supplies during 2014 to 2022 and transfer of more than Rs 49,000 crore to farmers.
In line with the ethanol blending roadmap, Prime Minister will launch E20 fuel at 84 retail outlets of Oil Marketing Companies in 11 States/UTs. E20 is a blend of 20% ethanol with petrol.
The government aims to achieve a complete 20% blending of ethanol by 2025, and oil marketing companies are setting up 2G-3G ethanol plants that will facilitate the progress.
“To ensure smooth supply of green energy, the government has announced an allocation of ₹35,000 crore in the country’s 2023-24 Budget. The government is implementing many programmes for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy across various economic sectors. We are adopting several initiatives and next generation infrastructure for energy transition and security,” Minister Puri said adding that the growing energy appetite will be met through a healthy mix of energy sources.
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