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December 11, 2013

India in the lowest quartile for energy security: WEF report

 

India in the lowest quartile for energy security: WEF report

A report comparing the energy architecture of 124 countries has ranked India 98th in terms of providing energy security and access to its citizens.


Low electrification rates and high import dependence put India in the lowest quartile globally, the report released on Wednesday said.


The Planning Commission said in its 12th Plan document many states make do without even the minimum of six to eight hours of electricity supply. Some villages “connected” under the remote rural electrification programme, called the Rajiv Gandhi Grameen Vidyutikaran Yojana, have not been “energized” or supplied electricity.


China and India are the most import-dependent of all economies in the Brazil, Russia, India, China and South Africa, or BRICS, grouping, said the World Economic Forum’s Global Energy Architecture Performance Index report for 2014.

The report seeks to measure levels of energy intensity of income, energy sustainability, security of energy and access.


While India’s overall ranking was 69, China stood 85th among the 124 countries in building a strong and sustainable energy architecture.


“That said, China ranks in first place globally for the diversification of its import counterparts, up from its 4th place ranking in 2008. This underscores China’s success in establishing strategic partnerships with, and investing in, major oil and gas producers such as Iraq, Russia and more recently Canada,” the report said.

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