[에너지신문] According to the India Energy Outlook 2015 released by the International Energy Agency (IEA), India will need to invest more than Rs 9,000 bn (US$140bn) per year to meet its soaring energy demand and its development ambitions by 2040: India will need Rs 7,000 bn (US$110bn) per year in energy supply, including 75% of this amount for electricity (240 million people, about 20% of the total population, have no access to electricity) and a further Rs 2,000 bn (US$30bn) per year to improve energy efficiency.
The development of the electrification, clean cooking facilities, urbanisation and industrialisation will underpin the rise in energy demand and nearly 600 million of new electricity consumers could enter the Indian electricity market by 2040. Rising energy consumption will fuel the global growth in coal demand: India will become by far the largest source of global coal demand growth, with most of which to be met by increased domestic production. Oil consumption should also increase rapidly to reach 10 Mbl/d by 2040, thanks to increased imports: India's oil import dependence is expected to rise above 90%. India should also become the second largest market worldwide for solar PV, as renewables will gain momentum: over half of the new electricity capacity will come from non-fossil fuels by 2040, mainly solar and wind power.
Where energy efficiency is concerned, energy efficiency policies are expected to bear fruits, raising the coverage of India's final consumption by mandatory efficiency measures from around 1% in 2005 to more than 15% in 2015 and to more than 40% by 2040. Stricter building construction regulations will contribute to energy efficiency as around 3/4 of India's anticipated 2040 buildings stock is yet to be built.

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