Here are the critical points about energy mentioned in PM Modi's recent speeches:
· Energy Independence: PM Modi has emphasized India's goal of achieving energy independence, particularly in his Independence Day address, highlighting the need to reduce reliance on foreign fuel imports, especially fossil fuels.
· Rapid Clean Energy Transition: India has made significant progress in its clean energy transition, reaching the target of 50% of its cumulative installed electricity capacity from non-fossil fuel sources in 2025, five years ahead of schedule.
· Focus on Renewable Sources: The Prime Minister has highlighted advancements in various renewable energy sources such as solar, nuclear, hydro, and hydrogen energy, indicating a shift towards energy independence.
· Nuclear Energy Expansion: PM Modi noted that 10 new nuclear reactors are operational and stated the aim is to increase nuclear energy capacity tenfold by 2047, also mentioning the opening of the nuclear sector to private participation.
· National Critical Minerals Mission: To enhance energy security and self-reliance, PM Modi mentioned the launch of the National Critical Minerals Mission, which focuses on exploring 1,200 sites for crucial minerals.
· Deepwater Exploration Mission: PM Modi also announced the National Deepwater Exploration Mission to utilize ocean resources for energy security.
· Energy Justice and Resilient Supply Chains: In a February 2025 address, PM Modi discussed energy justice, warning against fragmented energy policies, and emphasized the need for resilient supply chains for critical minerals, semiconductors, and emerging energy technologies.
· Diversified Energy Investments: India is investing in diverse energy sources, including biofuel production, increasing its gas share, and targeting hydrogen production by 2030, according to a PIB press release, to ensure a smooth transition.
