Congratulating the participants in the IEW 2023 for making it a resounding success, Union Minister of Petroleum and Natural Gas, Hardeep S. Puri said that being the first major event under India’s G20 Presidency, it provided a dynamic unique opportunity for India to bring together all the international stakeholders, domestic as well as international, on a common platform to facilitate growth, collaboration, and transition to make a sustainable, be a part of transformative and prosperous future for all.
During India Energy Week 2023, India’s journey across the energy spectrum was showcased through immersive digital exhibition and Ministerial dialogues taking whole-of-government approach including Ministry of Power, Ministry of New and Renewable Energy, Ministry of Road Transportation and Highways, Ministry of Environment Forest & Climate Change, Niti Aayog and G20 Sherpa of India,” said Hardeep S Puri.
The Minister said that India utilized the IEW opportunity to showcase various initiatives taken by the Government of India in the energy domain to ensure energy security of its 1.4 billion citizens while also conforming Prime Minister Narendra Modi’s pledge at COP26 to cut India’s emissions to achieve Net-Zero by 2070.
Further elaborating on the positive outcomes of IEW, Puri said that the India Pavilion provided an immersive digital experience, showcasing India’s energy evolution, innovation, achievements, multi-pronged strategy to diversify our energy mix, policy reforms, energy transition and sustainability actions and goals.
Alongside the India Energy Week, India also hosted the 9th Asian Ministerial Energy Roundtable in collaboration with International Energy Forum (IEF) with the objective of “Mapping Stable & Secure Energy pathways for achieving Energy security, Energy Justice, Growth and Innovation” and India- US Executive roundtable with US-Indian Business council and US-India Strategic partnership Forum, the Minister mentioned.
The energy transition will be more of a wave of managed change in the global energy portfolio versus an event, ensuring energy access and security, whilst progressing to net zero. Achieving the transition requires global coordination and access to skills, technology, and global financing, commented Puri.
“This event has provided an inflexion point in the Indian energy sector’s evolution,” Puri highlighted.
India launched Global International Biofuel alliance to help create develop an favourable ecosystem for promoting development and deployment of biofuels with key stakeholders including US, Brazil, EU, IEA, Bio Future Platform, SIAM, ISMA as a clean mobility alternative under India’s G20 Presidency have advanced, he said.
Some of the major MoUs/agreements signed during the IEW are: MoU between Directorate General of Hydrocarbon, Ministry of Petroleum & Natural Gas (MoPNG) and University of Houston, Texas, USA signed as a step forward in strengthening a strategic partnership between India and the United States for establishing a data center with University of Houston. Statement of Intent (SoI) between Petroleum Planning and Analysis cell (PPAC) and International Energy Agency (IEA) to strengthen cooperation in the field of data and research in the energy sector to enhance global energy security.
Acknowledging the unprecedented possibilities emerging in the energy sector, the Minister announced that the next edition of India energy week will be held in Goa.
The event was held in Bengaluru from 6th - 8th February, 2023 and attracted participation of more than 35 foreign ministers including heads of international organisations, 500 international speakers, over 30,000 energy professionals, over 8,000 delegates and 700 exhibitors from more than 100 countries participated to discuss India’s pioneering approach in the energy sector.
