Abstract

Basic energy access for a significant part of the population across India is currently a biggest challenge. 18% of world population are residing in India, but per capita energy consumption in India is only 0.62 Tonnes of Oil Equivalent (TOE) which is 1/3rd of world average. Indian economy has emerged as the bright spot in global landscape growing at fastest pace of 6-7% annually. Energy is integral to sustain this accelerated pace of growth of the economy and social progress. India has become the 3rd largest consumer of energy in the world and its energy appetite is growing alongside its population and growing economy. Currently, India