India Energy Week
The India energy week is India’s first comprehensive Energy Event covering the entire value chain in its year of the G20 presidency under the patronage of the Ministry of Petroleum & Natural Gas and a key discussion platform in the G20 calendar born out of the honorable prime minister Modi’s long-standing vision for India’s role in the global energy transition while ensuring India’s energy security affordability and accessibility for her citizens. It had been held from 6th to 8th February in the beautiful city of Bengaluru, Karnataka. Prime Minister of India Mr. Narendra Modi inaugurated the event on 6th February.
The IEW captured India’s dreams and aspirations whilst also underlining her role in the 21st-century global economy as a Vishwa guru following the ideals of Vasudeva Kudumbakam.
IEW 2023 came at a watershed in the global energy landscape and it devised solutions to solve the global energy quadrilemma of energy access affordability and availability with security at its pivot and devised solutions for the future Global energy. Due to the Global challenges to development and sparked uncontrolled inflationary and recessionary fears, the World Bank has estimated that this year Global growth will decelerate to 1.7, the third weakest in nearly three decades.
In the case of India, a nation of 1.4 billion plus has to be insulated against the global price rise so that energy is accessible at affordable cost. India has already pledged to become Net Zero in emissions by 2070 and cut down the emissions by 1 billion tons by the end of 2030. Despite being the home to 17% of the world’s total population and being the fifth largest economy, India’s ranking in per capita emissions is the lowest among the G20 countries and half of the global average. India has carved out an energy agenda that is inclusive market-based and climate-sensitive.
The Various highlights of the event were as follows:
- The main purpose of this event was to showcase India’s rising skill or expertise in the energy transition scenario and discuss the challenges along with it.
- The event was a successful one with the strength of around 30,000 energy professionals, 8000 conference delegates, 650 exhibitors, and 500 international speakers from diverse fields such as traditional, and non-traditional energy industries, governments, and academia.
- PM Modi participated in a round table conference with the global oil and gas CEOs and discussed the future of energy in India, including the role of renewables, energy efficiency, and energy storage.
- PM launched multiple initiatives in the field of green energy such as the launch of E20 fuel, green mobility rally, Unbottled initiative of Indian oil, and twin cook-top model for solar cooking systems.
- In the event through various exhibitions and conferences, the immense possibility of opportunities for investment in the Indian energy sector was highly glorified.
The various opportunities India was providing to the exhibitors are:
- To build and strengthen important relationships with government, private and regulatory leaders of India.
- Explore new markets and gain a competitive advantage.
- Access to the world’s largest energy growth market.
- Generate business opportunities across the full spectrum of energy industries.
The various sections of Exhibitions were
|Hydrocarbons||Alternative and Renewable||Utilities and Power Generation|
|Ø NOCs, NECs, IOCs, IECs
Ø Exploration & Production
Ø Marine, Shipping, Storage & Terminals
Ø Oilfield Services
Ø Refineries & Petrochemicals
Ø Transportation & Logistics
Ø Carbon Management & Storage
Ø Gas & LNG
|Ø Solar PV
Ø Wind Turbines
Ø Hydroelectric & Hydropower
Ø Technology companies
|Ø Integrated Energy Companies
Ø Independent Power Producers
Ø National & International Utilities
Ø Transmission & Distribution
Ø Technology Companies
Ø Smart Grids
|Construction and Industrialization||Technology and Services||Government and academia|
|Ø Engineering, Procurement, Construction & Management
Ø Health, Safety, Security & Environment
Ø Machinery & Equipment
Ø Switch Cables & Cable Management
Ø Automation & Control
Ø Electrical Distribution
|Ø Banks, Institutional Investors, Sovereign Wealth
Ø Pricing & Trading
Ø Project Developers
Ø Professional Services
Ø Digital Technology
|Ø Academia & Research Institutions
Ø Think Tanks
Ø Industry Associations
Ø Government / Regulatory
Some of the renowned exhibitors were
The event was an important forum for industry leaders, policymakers, and investors to exchange ideas and collaborate on developing solutions to the energy challenges facing India. By bringing together experts from across the energy sector, India Energy Week provided a unique opportunity for cross-disciplinary discussions and collaboration to help drive the transformation of the energy sector in India.