Wednesday, December 26, 2007

$120-150bn needed by 2012 in energy sector

India’s current level of energy consumption is very low. For the year 2004 – 05, the total annual energy consumption for India is estimated at 572 Mtoe (million tons oil equivalent) and the per capita consumption at 531 kgoe (kilograms oil equivalent). With a target GDP growth rate of 8-10% and an estimated energy elasticity of 0.80, energy requirement is expected to grow at 6.4-8.0%. This would mean a five-fold increased in India’s energy requirement over the next 25 years.

Mint
http://www.livemint.com/2007/12/26142401/
120150bn-needed-by-2012-in-e.html

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