Hyderabad, Oct 25 (UNI) The Indian School of Business (ISB) today hosted a seminar on 'Gearing up for the Energy Challenge'.
ISB Dean M Rammohan Rao said the Energy, Manufacturing and Operations Club at ISB organised the first-ever Energy conclave. ISB was promoting various initiatives through its centres of excellence, according to a release here.
The discussion was focused on the current energy scenario and the issues related to sustainable energy.
India had its own challenges and opportunities in the energy sector. A growing economy like India required addressing each one of these challenges. The alternative energy sources to India were hydrocarbons, nuclear energy and other various sources of energy, Mr Rao said.
The panelists in the seminar pointed out that India had the third largest coal reserves in the world but it was not extracting enough coal to feed the Indian industry. The Indian Government was considering privatisation as a solution to use the country's fossil reserves more efficiently.
Nuclear energy clearly was something that came up repeatedly for discussion in the seminar.
One of the panelists pointed out the abundance of Thorium in India, and Norway's attempts to generate electricity from Thorium, a clear opportunity for collaboration.
The discussion also focused on the emerging business models and rural energy problems.
The panel agreed that meeting electricity demands of rural India was the next big challenge for the power sector.
The panel agreed that issues to be addressed in the energy sector were reducing transmission and distribution losses, demand side energy efficiency and feasibility of financing large power projects.
UNI BR PD SK KP2027