“Energy Cooperation with Japan will be defining feature of our relationship”- Shri Piyush Goyal

Shri Piyush Goyal, Minister of State (IC) for Power, Coal and New & Renewable Energy, Government of India said, “energy cooperation with Japan will be defining feature of our relationship”. Shri Goyal was addressing Institute of Energy Economics Japan in Tokyo today and was received by Mr Masakazu Toyoda CEO, Institute of Energy Economics, Japan (IEEJ).

Taking inspiration from Japanese energy efficiency efforts, Shri Goyal said that Japan has 70-80% of lighting from LEDs, we are targeting 100% LED penetration in India by 2019. The Minister is on a visit to Tokyo, Japan to attend the 8th India-Japan Energy Dialogue on 12-14 January 2016. He also invited Japanese companies “to Come to India, Make in India and Conserve Energy in India”.

Speaking on the occasion, Shri Goyal informed that USA & Europe with just 10-12% of the world’s populations have contributed ~50% of GHG emissions while India contributes only 2.5% with 17% of population. He demanded that developed countries should support the developing & emerging economies with green tech, low cost finance to keep our energy costs affordable. “Climate justice demands that the developed world reassess its lifestyle and consumption of electricity & petroleum products”, Shri Goyal added.

Earlier during the day, Shri Goyal attended three roundtable conferences on Clean Coal Technologies and Efficient Coal Based Power Generation, Super-Efficient Appliances & LEDs and Energy Efficient Petroleum Refining- Energy Audit in Refineries. He will also participate in two roundtable conferences to be held on the theme of Energy Storage Technologies and Smart Grids/Smart Meters on Thursday.

On the sidelines of the Energy Dialogue, five interactive sessions on relevant themes of Clean Coal Technologies and Efficient Coal Based Power Generation, Super-Efficient Appliances and LEDs, Energy Efficient Petroleum Refining-Energy Audit refineries, Energy Storage Technologies and Smart Grids/Smart Meters are scheduled to take place between the Indian and Japanese companies on 13th & 14th January. The themes were selected based on India’s energy needs and with a view to further deepen the cooperation in the energy sector between the two sides such that Japanese technology and capital can be dovetailed with Indian high skilled human resources and “Make in India” to create win-win situations bilaterally and beyond.