INDIA
DNA Web Team | Jul 20, 2019, 12:55 AM IST
1.There is trust in Indian economy and political stability: Fatih Birol
Speaking about the Indian economy and political stability, IEA Executive Director Fatih Birol said, "There is trust in the (Indian) economy, there is trust in the political stability (in the country).
India became an associate member of the IEA in 2017. The IEA is an autonomous organisation which works to ensure reliable, affordable and clean energy for its 30 member countries and beyond.
Birol said IEA represents 75 percent of global energy users and is working very closely with India.
Dr. Fatih Birol @IEABirol, ED @IEA praised the leadership of Hon. PM PM Shri @narendramodi and Shri @dpradhanbjp for being major influencers in advocating energy justice. #EnergyHorizons @CEEWIndia pic.twitter.com/WBxchT06VZ
— Ministry of Petroleum and Natural Gas (@PetroleumMin) July 19, 2019
Further speaking on PM Modi's Ujjwala scheme, IEA Executive Director Fatih Birol said, "It's not just an energy achievement but also social and economic achievement."
Birol also said that India last year achieved the goal of providing electricity connection to all villages in the country and would soon give access of the same to every household. "This is a huge achievement."
The Indian government, he said, had set a target of generating 175 GW of electricity from renewable sources such as solar energy by 2022, but going by the current pace, the target would have to be revised upward.
Also, the increased focus on using bio-energy is very important, he said adding these steps together with increased domestic production of oil and gas would help the country cut its import dependence.
India is more than 83 percent dependent on imports for meeting its energy needs and is also the world's third-biggest energy consumer, is moving to the central stage of global energy, he said. (Photo: Dharmendra Pradhan Twitter)
2.Discussed current trends in global oil and gas markets: Dharmendra Pradhan
Union Minister Dharmendra Pradhan after his meeting with IEA Executive Director Fatih Birol on Friday took to Twitter and said, "Always a pleasure to meet Fatih Birol, Executive Director, International Energy Agency."
"We discussed the current trends in global oil and gas markets and explored opportunities for partnership in addressing issues of energy security, energy access, energy efficiency and emergency preparedness," Union Minister Dharmendra Pradhan said. (Photo: Dharmendra Pradhan Twitter)
3.Fatih Birol hails India's role in global energy market
Meanwhile, speaking about India's role in the global energy market, IEA Executive Director Fatih Birol praised India for lending a voice to the consumers.
He also praised Union Minister Dharmendra Pradhan and said, "When oil prices go up, sky-rocket, it becomes dangerous for the economic growth of many countries," he said adding whenever prices rise, he dials Indian Oil Minister Dharmendra Pradhan for dialogue to ensure market stability. (Photo: Dharmendra Pradhan Twitter)
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