What Are PM Modi's Highlights on 11 Years of Reforms in the Energy Sector?

New Delhi, June 4 (NationPress) Prime Minister Narendra Modi on Wednesday emphasized the transformative reforms in the renewable energy sector and the strong commitment towards clean and affordable energy in the hydrocarbon sector in India over the past 11 years.

The reforms were detailed in two separate articles authored by Minister for New & Renewable Energy Pralhad Joshi and Minister of Petroleum and Natural Gas Hardeep Singh Puri, respectively.

In response to the article penned by Pralhad Joshi, the Prime Minister's Office shared on X: "Union Minister Pralhad Joshi underscores 11 transformative reforms in the renewable energy sector over the last 11 years – Be sure to check it out!"

Joshi remarked that India has emerged as one of the world's leading clean energy frontrunners, holding the third position in solar energy, fourth in wind power, and fourth in total renewable energy capacity. With over 232 GW of renewable capacity installed and an additional 176 GW in progress, we are not just fulfilling our energy requirements but also actively influencing the global dialogue on energy transition.

This advancement is a result of bold reforms, timely choices, and a clear long-term vision consistently pursued under the leadership of Prime Minister Narendra Modi over the past 11 years. He had a distinct vision to establish a robust renewable energy ecosystem, and even during his tenure as Gujarat chief minister, he initiated large-scale solar projects long before clean energy gained global significance, as Joshi elaborated.

To truly grasp the magnitude of this transformation, we must reflect on our starting point. In 2014, India's power sector faced severe challenges. Electricity shortages were a norm. The catastrophic grid failure in 2012, which initially affected the Northern Region with a loss of 36,000 MW and subsequently led to the collapse of the Northern, Eastern, and North-Eastern grids impacting 48,000 MW, remains vivid in our memories, Joshi noted.

PM Modi also shared an article from Union Minister Hardeep Singh Puri regarding India’s energy sector. In response, the Prime Minister's Office commented on X: "In the past 11 years, India's energy sector has experienced a structural overhaul with a robust emphasis on affordable and clean energy through reforms, green initiatives, and a focus on self-reliance. Explore this insightful article by Union Minister Hardeep Singh Puri."

“India has discarded the inertia and stagnation of the 'lost decade' and has crafted an extraordinary growth narrative under the visionary leadership of Prime Minister Narendra Modi, which not only allowed the India Growth Story to resonate globally but also saw us surpass Japan to become the world’s fourth largest economy,” Puri highlighted in his article.

India has not only positioned itself as the world's fastest-growing major economy but also as a strategic player. The energy sector, vital to this ascent, has undergone a structural transformation during the initial year of Modi 3.0, building on a decade of foundational changes, the minister added.

India now ranks as the third-largest energy and oil consumer, with over six crore consumers visiting filling stations, and stands as the fourth-largest refiner and LNG importer globally. With energy demand projected to increase by two and a half times by 2047 and 25% of the incremental global demand anticipated to originate from India, the roadmap appears clear, he noted.

Our pursuit of energy security is being supported by a focus on exploration and production through new legislation and our transition towards green energy. Our energy strategy revolves around effectively addressing the trilemma of energy availability, affordability, and sustainability, which we have been successfully achieving even as the world grapples with multiple geopolitical crises.

After eleven remarkable years of PM’s transformative reforms, India’s energy sector is no longer characterized by anxiety. It is now defined by confidence, Aatmanirbharta, and strategic foresight under his visionary, firm, and decisive leadership, Puri concluded.