High oil prices will fuel renewable energy growth: Abdullah
October 29th, 2010 - 4:51 pm ICT by IANSNew Delhi, Oct 29 (IANS) High prices of fossil fuel, especially oil and gas, have forced energy-starved nations like India to focus on production and use of renewable energy, Minister of New and Renewable Energy Farooq Abdullah said Friday.
“We should be grateful to the Organisation of Petroleum of Exporting Countries (OPEC) for raising fossil fuel prices. Had they not, we would not have come to know the importance of renewable energy,” Abdullah said at PanIIT 2010 Conclave here.
He said the government has taken several initiatives in collaboration with different institutions, including the IITs, to develop innovative, renewable energy products.
“We are investing a lot of money and collaborating with institutes like IIT.”
On the government’s target of producing 20 GW of solar power by 2022, Abdullah said: “1,300 MW will be produced by 2013 and we are hopeful of achieving the target.”
Abdullah asked young graduates to show entrepreneurship and help increase the production of renewable energy.
“You should not be job seekers. You should be job creators,” said the minister. “It is the people coming out of the IITs who will shape the future.”
– gk-jj/srj
- Farooq advocates increased use of solar power (Lead) - Jun 17, 2010
- India's solar power mission on schedule - Mar 15, 2011
- India sparks solar energy market: Report - Apr 26, 2012
- India can be a great power using more renewable energy - Jan 17, 2012
- Indian, Israeli experts tap sun for hybrid power plants - Feb 14, 2012
- IITians plan to make India global knowledge hub - Oct 12, 2009
- US energy policy moving in wrong direction: Chevron CEO - Oct 20, 2011
- Renewable energy sector welcomes diesel price hike! - Jun 26, 2011
- As China dumps in India's solar market, domestic industry shrivels (Business Feature) - May 06, 2012
- India, Finland to expand cooperation in energy: Farooq Abdullah - Feb 04, 2011
- India to generate 1,000 megawatts of solar power by 2013: Abdullah - Jul 25, 2010
- Bill Clinton to address IIT summit in Chicago - Aug 04, 2009
- Farooq favours smart grids for optimal use of renewable energy - Dec 22, 2009
- IIT conclave as part of Vibrant Gujarat summit - Jan 09, 2011
- Diesel subsidy withdrawal unaffordable, says minister - Feb 04, 2011
Tags: collaboration, conclave, creators, energy minister, fossil fuel, fuel prices, graduates, gw, initiatives, job seekers, mw, New Delhi, oil and gas, oil prices, opec, petroleum, renewable energy products, solar power, srj, target