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Indian Prime Minister Narendra Modi recently announced a $100 billion renewable energy initiative to help bring electricity to all Indian homes and industrial units around the clock and do away with blackouts and brownouts that disrupt business and life. The initiative will also promote the growth of Indian-based manufacturers of solar photovoltaic (PV) modules and equipment. As part of the plan, the Indian Army and the Indian public sector will each build 1,000 MW of solar PV projects. In what might be a model for the rest of the world, the Indian government doubled its tax on every metric ton of coal mined or imported by India and is using revenue generated to fund the National Clean Energy Fund (NCEF).
David enjoys research and writing about cutting edge technologies that hold the promise of improving conditions for all life on planet earth. The 12th Five Year Plan had a proposal of construction of a power generator with a capacity of about 80,000 MW will take place.
The country has been receiving a lot of investment when it comes to energy production and this includes the renewable energy project by the ReNew Power Pvt Ltd. Population and Natural Resources case study: How can an emerging megacity create a sustainable future? Energy has been universally recognized as one of the most important inputs for economic growth and human development.
Exponential growth in population represented by the graph above has impacted energy consumption not only in Bangalore but also in the rest of India as well. According to the International Energy Agency (IEA), hydrocarbons account for the majority of India's energy use.
In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. IEA data for 2009 indicate that electrification rates for India were 66 percent for the country as a whole. The Indian government continues to hold licensing rounds in an effort to promote exploration activities and boost domestic oil production. Despite major new natural gas discoveries in recent years, India continues to plan on gas imports to meet its future needs.
All of the funds raised by NCEF are earmarked for renewable energy projects, environmental projects and research and development (R&D). This company is planning to have an investment amounting to Rs 6,000 crore on the development oif a 1,000 MW of wind power in the next couple of years.
There is a strong two-way relationship between economic development and energy consumption.
Ninety-four percent of the 404 million that do not have access to electricity live in rural areas, where electrification rates are approximately 50 percent.

According to the Oil and Gas Journal, India had approximately 38 trillion cubic feet (Tcf) of proven natural gas reserves as of January 2011. In 2008, India had approximately 177 gigawatts (GW) of installed electric capacity and generated 761 billion kilowatt hours. According to the World Bank, roughly 40 percent of residences in India are without electricity.
This plan was approved July 31, 2008 and it was called re-structured Accelerated Power Development Programme with an outlay of Rs 51,577 crore.
Part A has to do something with the IT integration in the plan for accounting and auditing. On one hand, growth of an economy, with its global competitiveness, hinges on the availability of cost-effective and environmentally benign energy sources, and on the other hand, the level of economic development has been observed to be dependent on the energy demand (EIA, 2006).
India boasts a growing economy, and is increasingly a significant consumer of oil and natural gas.
Natural gas now accounts for a seven percent share, which is expected to grow with the discovery of new gas deposits.
As vehicle ownership expands, petroleum demand in the transport sector is expected to grow in the coming years.
EIA estimates that India produced approximately 1.8 Tcf of natural gas in 2010, a 63 percent increase over 2008 production levels. It seems clear that there is a positive relationship between total primary energy consumption to GDP, population growth, and per capita energy consumption. While India's domestic energy resource base is substantial, the country relies on imports for a considerable amount of its energy use. The bulk of India's natural gas production comes from the western offshore regions, especially the Mumbai High complex, though fields in the Krishna-Godavari (KG) are increasingly important. Further compounding the situation is that total demand for electricity in the country continues to rise and is outpacing increases in capacity.
However, a negative relationship does exist between the energy use and the production of the energy resources in the case of India. This share includes traditional biomass sources such as firewood and dengue, which are used by more than 800 million Indian households for cooking. The combination of rising oil consumption and relatively flat production has left India increasingly dependent on imports to meet its petroleum demand. In 2010, India consumed roughly 2.3 Tcf of natural gas, more than 750 billion cubic feet (Bcf) more than in 2008, according to EIA estimates.

India also imports marginal amounts of electricity from Bhutan and Nepal and has signed an agreement to begin importing power from Bangladesh.
Additional capacity has failed to materialize in India in light of market regulations, insufficient investment in the sector, and difficulty in obtaining environmental approval and funding for hydropower projects. Other renewables such as wind, geothermal, solar, and hydroelectricity represent a 2 percent share of the Indian fuel mix. Natural gas demand is expected to grow considerably, largely driven by demand in the power sector. Population growth is an important factor for the total primary energy consumption and one of the major contributors for the demand of more energy resources.
A majority of India's crude oil imports come from the Middle East, with Saudi Arabia and Iran supplying the largest shares. The power and fertilizer sectors account for nearly three-quarters of natural gas consumption in India. In order to address this shortfall, the Indian government continues to work towards adding capacity.
Per capita energy consumption in the economy has a positive relationship with the total energy use and hence it is one of the important factors of the total energy consumption.
Iranian oil's share of Indian imports has decreased in recent years, largely due to issues with processing payments. Natural gas is expected to be an increasingly important component of energy consumption as the country pursues energy resource diversification and overall energy security.
In the IEO2011, EIA projects that electricity consumption in India will grow at an average rate of 3.3 percent per year through 2035.
As evidence from the developing countries, such as India, the more the country develops economically, the demand for energy resources also increases. Despite the steady increase in India's natural gas production, demand has outstripped supply and the country has been a net importer of natural gas since 2004.
To meet this growth, India will have to expand their current generation capacity by 234 GW (Energy Information Administration, 2011). An analysis of data also suggests in the same manner that an increase in GDP, Population and Per capita consumption leads to more demand of energy resources.

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