India Inc India Inc: Monday, 30 January 2017 00:00

India’s global quest for energy security

by Manoj Ladwa

As India looks set to increase its GDP fivefold, to about $10 trillion, by 2040, it is axiomatic that the country’s energy demand will rise in tandem.

India recently took a small first step towards ensuring its energy security by commissioning three underground storage units of the Strategic Petroleum Reserve Project with a combined capacity of 5.33 million metric tonnes of crude.

But these units, located deep under the bowels of the earth at Vishakhapatnam, Mangalore and Pudur have a capacity to store only 13 days of India’s requirements against the International Energy Agency (IEA) recommendation of 90 days. Login/Sign up to read more

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