In Detail : India and Japan have been deepening their partnership in the energy sector under the Japan-India Clean Energy Partnership, with a focus on energy security, clean energy transition, and addressing climate change. Both sides have institutionalized this cooperation through the India-Japan Energy Dialogue and sectoral Joint Working Groups (JWGs).

A Ministerial-level India-Japan Energy Dialogue was held today (25th August 2025) through Video Conferencing, co-chaired by Shri Manohar Lal, Hon’ble Minister of Power and Housing & Urban Affairs, Government of India, and Mr. Muto Yoji, Minister of Economy, Trade and Industry, Government of Japan.

MoP, MNRE, MoPNG, and Ministry of Coal made detailed presentations on the progress achieved under their respective JWGs and outlined future cooperation pathways.

The Ministers from India and Japan:

• Reaffirmed commitment to Energy Security & Inclusive growth.
• Welcomed progress in areas like Energy efficiency clean hydrogen, ammonia, renewable energy.
• Agreed to expand cooperation on Carbon Capture, Utilization, and Storage green chemicals, biofuels, and advanced technologies in Energy Sector.

The Ministers also emphasized that the India–Japan partnership will continue to play a pivotal role in advancing secure, resilient, and sustainable energy systems in the Indo-Pacific region.

In Detail : India is making significant strides in improving its weather forecasting systems to meet the demands of a growing renewable energy sector. As the country continues to expand solar and wind capacity, the need for precise forecasting has become more critical than ever. Reliable data on weather patterns can help balance supply and demand effectively.

The Ministry of Earth Sciences, along with specialized agencies, is deploying advanced forecasting models that leverage artificial intelligence and machine learning. These tools provide more accurate predictions on wind speeds, solar radiation, and cloud movements. Such insights play a vital role in ensuring grid reliability.

Satellite data is being increasingly integrated into the forecasting process to strengthen accuracy. With improved imaging and monitoring, real-time updates can be shared with renewable energy producers. This allows for proactive planning to address sudden fluctuations in solar and wind power generation.

For grid operators, the availability of high-quality forecasts is essential. Renewable energy sources, by nature, are variable and intermittent, which creates challenges in maintaining power stability. Accurate predictions allow operators to balance renewable output with thermal or hydropower sources.

India’s renewable capacity is expected to grow rapidly in the coming years, particularly under its ambitious targets for solar and wind expansion. Stronger forecasting capabilities are not just a technical improvement but a necessity for scaling up clean energy. They ensure smoother integration into the grid without compromising efficiency.

Investments are also being made in specialized forecasting centers across regions with high renewable potential. These centers provide localized predictions that help renewable developers optimize performance. The initiative also reduces dependence on imported forecasting technology.

The adoption of advanced forecasting systems is expected to bring economic benefits as well. By minimizing unpredictability in renewable supply, developers can reduce operational risks. This also leads to better financial planning and attracts greater investor confidence in the sector.

Moreover, improved forecasting contributes to sustainability goals by reducing reliance on backup fossil-fuel plants. With greater certainty in renewable output, fewer standby coal or gas units are required. This directly cuts emissions and enhances India’s transition to a green economy.

As India accelerates its clean energy transition, accurate weather forecasting will serve as a backbone for future growth. The integration of technology, policy support, and localized systems will ensure that renewable energy not only grows but also remains stable and reliable. This marks a decisive step toward energy security and climate action.

In Detail : Chamundeshwari Electricity Supply Corporation (CESC) has initiated a ₹226 crore project aimed at upgrading the power infrastructure in Kodagu district, Karnataka. The project is designed to enhance the reliability, efficiency, and capacity of the local electricity network, catering to the district’s growing power demands.

The initiative includes the construction of new substations and the modernization of existing ones. These upgrades will help in stabilizing voltage levels and reducing transmission losses, thereby improving the overall performance of the power distribution system in the region.

In addition to substations, the project will involve laying new distribution lines and strengthening existing ones. This will ensure better connectivity, minimize power outages, and provide a more consistent electricity supply to residential, commercial, and agricultural consumers across Kodagu.

CESC also plans to implement advanced monitoring and control systems as part of the upgrade. These smart technologies will enable real-time tracking of power flows and quicker response to faults, leading to faster restoration times during breakdowns.

The investment reflects a proactive approach by CESC to future-proof Kodagu’s power infrastructure. With increasing urbanization, tourism, and agricultural activity in the region, a robust and modern electricity system is essential to support economic growth and development.

Once completed, the ₹226 crore project is expected to significantly improve power quality and customer satisfaction. It will play a vital role in ensuring a stable and resilient electricity network, benefiting thousands of consumers across the district and contributing to Karnataka’s broader energy goals.

In Detail : A Memorandum of Understanding (MoU) was signed on 01-07-2025 between the Central Electricity Authority (CEA), Ministry of Power, Government of India and the Indian Institute of Technology (IIT) Roorkee to foster collaboration in knowledge sharing, capacity building, and interdisciplinary research in the power and energy sector.

The MoU was signed by Shri Ghanshyam Prasad, Chairperson, CEA, and Prof. Kamal Kishore Pant, Director, IIT Roorkee, in the presence of Members (Planning/Hydro/GO&D) of Authority, Chief Engineer (ET&I), CEA, Secretary, CEA and other senior officals and faculty members from both institutions.

Key Objectives of the MoU:

• Capacity Building: Enhance knowledge and technical capabilities of CEA personnel through short-term project work and access to IIT Roorkee’s online courses.
• Collaborative Research: Promote joint studies and projects on critical issues related to India’s electricity and energy landscape.
• Sustainable Development: Advance interdisciplinary research on decarbonization, energy efficiency, water neutrality, and just transition frameworks.
• Energy Transition: Support India’s commitment to achieving net-zero emissions by 2070 or earlier.

Areas of Cooperation Include:

• Hydropower and pumped storage
• Clean energy transition and decarbonization of the power sector
• Renewable energy integration, including flexibility and distributed generation
• Emerging technologies: green hydrogen, e-mobility, energy storage, biomass cofiring, and geothermal
• Climate vulnerability assessment of energy infrastructure
• Emission inventories and pollution estimation
• Development of standards for electric vehicles and battery recycling
• Quality and reliability of power supply

Both organizations will also collaborate on the sharing of data, facilities, and research outcomes based on mutual consent and in line with confidentiality agreements.

This partnership underscores the government’s focus on fostering academic-industry collaborations to accelerate innovation, policy formulation, and technical interventions in the power sector.

In Detail : Sugs Lloyd has won power infrastructure contracts valued at more than ₹74 crore across the states of Bihar and Odisha. These contracts involve critical work such as the supply, installation, testing, and commissioning of substations and both high-tension and low-tension transmission lines.

In Bihar, the company has been entrusted with upgrading existing electrical grid systems under various state government initiatives. The projects are expected to enhance the reliability and efficiency of power distribution in the region, supporting growing electricity demand.

Similar infrastructure contracts have also been secured in Odisha, although specific details about these projects have not been fully disclosed. The work aligns with the state’s broader goals to improve rural and urban power supply through modernized infrastructure.

Sugs Lloyd emerged as the lowest bidder for these contracts, reflecting its strong competitiveness and operational capabilities in the EPC (Engineering, Procurement, and Construction) space. The company’s ability to deliver cost-effective solutions played a key role in its selection.

The company is known for its expertise in electrical and renewable energy infrastructure, with a portfolio that includes EHV substations, transmission and distribution systems, and smart grid solutions such as its Outage Fault Passage Indicator system. These new contracts further bolster its presence in the eastern Indian market.

With this contract win, Sugs Lloyd plans to expand its regional footprint and reinforce its role in grid modernization efforts. The company is also exploring an initial public offering to support its growth ambitions and fund its working capital requirements as it continues to secure more government-led infrastructure projects.

In Detail : India and Angola have agreed to deepen their energy collaboration, with a focus on oil, gas, and renewable energy sectors. During the visit of Angolan President João Lourenço to India, the two countries signed several Memorandums of Understanding (MoUs) to strengthen their bilateral ties. This partnership is expected to foster growth in both nations’ energy and economic sectors.

India is one of Angola’s largest oil and gas buyers, with bilateral trade reaching \$4.2 billion, primarily driven by energy exports. As part of the new agreements, Indian companies are exploring opportunities to assist in refining, exploration, and the development of new oil fields in Angola. This collaboration aims to further boost the energy sector of both countries.

Angola has also committed to expanding its renewable energy initiatives by joining the International Solar Alliance as its 123rd member. This move signifies the country’s dedication to clean energy, and India has pledged to share its expertise in solar technology and digital infrastructure to support Angola’s energy transition.

Beyond energy, India has approved a \$200 million line of credit for Angola’s defense modernization. This funding will help repair and overhaul existing platforms and provide training support to enhance regional security cooperation. The defense partnership is a key component of the broader bilateral relationship.

The expanded partnership also extends to other sectors, including healthcare, agriculture, pharmaceuticals, and space technology. Both nations are committed to strengthening people-to-people ties through initiatives like a Youth Exchange Programme and collaborative projects in education and cultural exchange, further solidifying their bond.

This deepened cooperation reflects a shared vision for sustainable development and mutual growth. With a focus on energy, defense, and other key sectors, India and Angola are positioning themselves as strategic partners in Africa’s energy and economic landscape, paving the way for a stronger future together.

In Detail : The IEA’s new Regional Cooperation Centre based in Singapore marks a pivotal step in bringing the International Energy Agency closer to its partners in Southeast Asia and beyond. As the IEA’s first office outside of its headquarters in Paris, the Centre will help deepen longstanding relationships and support the region in achieving a secure, affordable and sustainable energy future.

Southeast Asia’s role in the global energy landscape

Southeast Asia is a key driver of global energy trends. This dynamic region is a global manufacturing and industrial hub set to see rapid population growth, rising standards of living and strong economic expansion in the coming decades. As a result, the region’s need for energy services is going to increase rapidly in the coming decades, as highlighted in the IEA’s latest Southeast Asia Energy Outlook.

How this rising demand is met will have major implications for the region and for global trends. The region’s energy mix is heavily dependent on fossil fuels and many countries are becoming more reliant on imported oil and gas, increasing their exposure to high import bills and energy security concerns. In a scenario based on today’s policy settings, Southeast Asia’s annual oil and gas import bill rises to USD 250 billion by mid-century.

Southeast Asia is one of only two regions in the world where emissions are rising in line with GDP (the other is the Middle East). Fossil fuels – led by coal – have met nearly 80% of Southeast Asia’s growing energy demand since 2010. Coal-fired generation meets around half of the region’s electricity and accounts for 80% of power sector emissions.

Countries in the region are working hard to diversify their energy mixes. Eight out of the 10 member states in the Association of Southeast Asian Nations (ASEAN) have set mid-century net zero emissions goals, and there is growing momentum to boost the shares of cleaner domestic sources of energy, particularly solar PV and wind. These efforts are supported by a strong political will to boost the region’s strategic energy independence and unlock the opportunities clean energies represent in terms of economic growth and job creation.

Reflecting the region’s importance to the IEA, the Regional Cooperation Centre serves as a new hub for the IEA’s activities and engagement in the region, providing policy guidance, technical assistance, training and capacity building across many areas – including clean energy technologies, technology innovation and supply chains, cross-border power trade, and access to finance for energy investment. The Centre is also working to deepen engagements with government, industry, research institutions, the financial sector and other key stakeholders in the region to define areas of support, collaboration and cooperation.

Regional energy transitions require scaling up renewables and expanding cross-border power trade

Electricity demand growth in Southeast Asia in 2024 was over 70% higher than the global average, and it is expected to continue to outpace global demand growth in the coming years due to economic growth, a rising population, urbanisation and increased electrification. This trend risks raising the region’s emissions profile and impacting overall energy security.

One solution countries are pursuing is accelerating the deployment of renewables. By 2035, renewables are expected to supply over a third of the region’s electricity, led by solar PV and wind. To manage this transition effectively, countries will need to enhance the resilience and flexibility of both national and regional power systems. Efforts to expand cross-border power trade would also support the uptake and integration of renewables.

The region has diverse energy resources, including widespread solar potential, particularly in countries with a pronounced dry season; abundant hydropower resources in Indonesia, Lao PDR and Viet Nam; geothermal in Indonesia and the Philippines; and wind resources across several countries. Given this diverse potential, regional power trade, robust grid interconnection, and greater flexibility options are vital to ensuring the region’s energy future is affordable, secure and sustainable.

Recognising this, the Centre aims to support the region’s power sector transition, offering targeted bilateral and regional support to ensure that governments and policy makers are equipped to embrace the opportunities of renewables integration, power system modernisation and cross-border power trade. The Centre will work to catalyse progress in collaboration with ASEAN member states and important regional institutions such as the ASEAN Centre for Energy (ACE).

Energy technology development and innovation will be key to future-proofing energy systems

Southeast Asia’s energy future will include technologies not yet adopted at scale in the region. These include battery storage; hydrogen and ammonia; carbon capture, utilisation and storage (CCUS); sustainable fuels; and nuclear power. Technology development, supportive business models, strong supply chains and policy innovation are required to capture the full potential of these technologies – and public-private partnerships, new financing mechanisms and market reforms will be critical to integrating them broadly.

Southeast Asia also has the resources and capabilities to become a global leader in clean energy manufacturing. Indonesia and the Philippines together account for about 65% of global production of nickel, a key input for battery and electric vehicle manufacturing. Meanwhile, Malaysia, Thailand and Viet Nam are emerging as solar PV manufacturing hubs, and Singapore, the world’s largest bunkering port, can play a pivotal role in clean energy supply chains. Countries across the region, recognising the economic opportunities at hand, are actively seeking to build domestic manufacturing capabilities and attract inward investment.

To support this transition, the Centre is working closely with policy makers, industry and investors to identify the role of innovative technologies in supporting the region’s energy ambitions and to determine how they can collectively create enabling environments, develop business models for scale and capture supply chain opportunities.

Achieving the region’s energy ambitions requires scaling up finance and investment

To support the development of these sectors, financing and development in Southeast Asia need to accelerate. Meeting announced climate targets requires clean energy investment in the region to increase sixfold to USD 190 billion per year by 2035.

Most of this investment will need to come from commercial sources of finance. However, barriers remain. The IEA’s Cost of Capital Observatory shows that the cost of capital for solar PV and storage projects in Indonesia and Viet Nam is at least twice as high as in advanced economies. Scaling up private finance will mean tackling the risks that push up the cost of capital, as well as a much larger flow of clean energy projects that match investors’ risk and return expectations.

Public investments will continue to be important in the region – not least because of the importance of state-owned enterprises in many parts of Southeast Asia – including in strategic areas such as electricity grids. Development finance institutions (DFIs), export credit agencies, philanthropies and other holders of concessional financing also have a key role to play in mobilising private sector investment, creating markets for emerging technologies, and scaling commercial technologies across the region.

To support the region in this area, the Centre will expand the IEA’s Cost of Capital Observatory to include more Southeast Asian countries and capture additional clean energy technologies. The Centre will also conduct in-depth analysis on how to best ramp up energy sector investment, including for grids and interconnections, and facilitate engagements with the financial sector.

Partnerships and capacity building can help countries in the region achieve their energy goals

Through the Centre, the IEA will also continue to expand capacity building with partners in Southeast Asia, which has long been a pillar of the Agency’s work with the region. Bilateral support for governments and regional initiatives, including Energy Efficiency Policy Training Weeks, annual training for ASEAN power regulators with the Energy Market Authority of Singapore, and energy statistics trainings, have helped strengthen government capabilities to plan and implement their strategies on energy security and transitions. Going forward, the Centre will support these existing programmes and use them as a model for further capacity building efforts in the region.

International collaboration and partnerships can help countries in Southeast Asia effectively navigate the complex energy challenges ahead while maximising the related economic and social opportunities. By leveraging the IEA’s modelling and analysis capabilities, convening power, and international experience – and by working with governments, ASEAN, ACE, the private sector and other key groups, such as Asia Zero Emissions Community bodies – the Centre will continue to support Southeast Asia’s energy sector at this critical moment.

In Detail : Inaugurates Electromechanical Works at Arun-3 Project and Witnesses MoU Signing for Cross-Border Transmission Systems

Union Minister of Power and Housing & Urban Affairs, Shri Manohar Lal, undertook a significant visit to Nepal today, marking a new chapter in India-Nepal energy cooperation. Accompanied by Nepal’s Minister of Energy, Water Resources & Irrigation, Shri Dipak Khadka, and senior officials from both nations, the Union Minister reviewed key bilateral energy initiatives aimed at enhancing regional connectivity and sustainable power development.

During his visit to the 900 MW Arun-3 Hydroelectric Project in Nepal’s Sankhuwasabha district, Shri Manohar Lal reviewed the progress of this landmark project being developed by SJVN Limited, a leading Indian public sector enterprise. The Arun-3 project stands as a symbol of robust India-Nepal partnership in the hydropower sector. On this occasion, Shri Manohar Lal inaugurated the commencement of electromechanical works at the powerhouse site, a critical milestone towards the project’s timely completion.

Later in Kathmandu, in the august presence of Shri Manohar Lal and Shri Dipak Khadka, a Memorandum of Understanding (MoU) was signed between POWERGRID, a Maharatna Central Public Sector Enterprise (CPSE) of India, and the Nepal Electricity Authority (NEA). This MoU paves the way for the incorporation of two joint venture companies—one in India and one in Nepal—to implement high-capacity cross-border transmission infrastructure.

The proposed projects include the development of the 400 kV Inaruwa (Nepal)–New Purnea (India) and 400 kV Dododhara (Nepal)–Bareilly (India) double-circuit transmission systems. These critical transmission links will significantly boost power exchange capabilities between the two countries, fostering energy security, grid stability, and economic growth across the region.

The MoU was signed by Dr. Yatindra Dwivedi, Director (Personnel), POWERGRID, and Shri Kamal Acharya, Director, Grid Operation Department, NEA.

]]> https://www.eqmagpro.com/iea-report-highlights-the-opportunity-for-germanys-energy-transition-to-strengthen-its-security-and-competitiveness-eq/ Wed, 16 Apr 2025 06:05:57 +0000 https://www.eqmagpro.com/?p=343848 In Short : The IEA’s 2025 Energy Policy Review highlights that Germany’s energy transition offers a key opportunity to boost energy security and economic competitiveness. With strong progress in renewables and phasing out coal and nuclear, Germany is a global model. However, the IEA urges action on regional power imbalances and high electricity costs to ensure an affordable, resilient energy future.

In Detail : A more efficient and resilient electricity system can support a secure, affordable energy transition in Germany, according to the IEA’s new Energy Policy Review.

Under its long-standing Energiewende policy, Germany is transforming its energy system. It is moving towards a system based largely on renewable electricity, which it views as a long-term opportunity to improve energy security and economic competitiveness. However, more work is needed in the energy sector to reach Germany’s goal of climate neutrality by 2045, including expanding the electricity system, lowering energy prices, and reducing emissions in end-use sectors, such as transport, buildings and industry.

“Germany finds itself at a critical moment in its energy transition, where it can create new economic opportunities and strengthen energy security by ensuring a supportive policy environment,” said IEA Deputy Executive Director Mary Burce Warlick, who is launching the report in Berlin today alongside Stefan Wenzel, Germany’s Parliamentary State Secretary to the Federal Minister of Economic Affairs and Climate Action.

The IEA report highlights how Germany has exited from nuclear power and lowered its share of coal-fired generation. At the same time, it has ramped up its wind and solar capacity significantly. But challenges persist, most notably from the ongoing impacts of the energy crisis caused by Russia’s curtailment of pipeline gas supplies to the European Union. Germany is contending with regional power imbalances and high electricity prices that erode affordability and competitiveness. Success will hinge on further growth in renewables generation, grid expansion, increased electricity system flexibility, and targeted efforts to lower consumer prices.

Transport is the largest emitting sector in Germany and is a key area for additional focus. This highlights the need for a targeted approach that covers electric vehicles, biofuels and improvements to public transport. The IEA report finds that incentives for consumers to adopt low-emissions transport options will be needed to deliver meaningful reductions in transport emissions in line with Germany’s ambitions. While upgrades across rail and electric charging will also provide the necessary supporting infrastructure.

The report recommends greater efforts to improve the efficiency of Germany’s relatively old building stock and support its transition to clean energy technologies. Germany took an important step towards this goal with the passage of the Buildings Energy Act and Heat Planning Act. Together, they establish a long-term pathway to reduce emissions in space heating through district heating and heat pumps. Following through on these plans, and ensuring ongoing communication with households, will be essential to realising results, according to the IEA report.

Germany has ambitious goals to develop a hydrogen industry, including plans to displace fossil fuel use in hard-to-abate industrial processes. The country’s hydrogen strategy includes innovative mechanisms to connect buyers and sellers, and to finance infrastructure. Nonetheless, the IEA report finds that final investment decisions on projects are lagging, highlighting the need to focus government efforts on using targeted demand creation policies to help kickstart the sector.

The IEA regularly conducts reviews of the energy and climate related policies of its member countries and provides recommendations – a process that supports energy policy development and encourages the exchange of international best practices and experiences. Overall, the IEA report concludes that Germany has a huge economic opportunity to leverage its technological and industrial leadership if it stays the course with ambitious plans for an energy transition. To realise this opportunity, it must also manage present challenges relating to energy costs, public acceptance and industrial competitiveness.

In Detail : India-Chile Mining Industry Round Table today witnessed significant discussions aimed at deepening cooperation between the two nations in the mining sector. Shri G. Kishan Reddy, Minister of Coal & Mines, India, led a high-level Indian delegation comprising Shri V. L. Kantha Rao, Secretary, Ministry of Mines, senior officials from the Ministry, and CMDs/CEOs from leading Indian companies such as Coal India Limited (CIL), Hindustan Copper Limited (HCL), Hindalco, Vedanta, Adani, JSW, and JSPL. The Chilean delegation was led by H.E. Aurora Williams, Minister of Mines, Chile.

In his address, Shri G. Kishan Reddy emphasized India’s commitment to strengthening cooperation with Chile in copper, lithium, and other critical minerals, highlighting the growing importance of these minerals in India’s industrial growth and sustainable energy transition.

H.E. Aurora Williams, Minister of Mines, Chile, spoke about Chile’s leadership in the global mining sector, particularly in copper and lithium, and expressed enthusiasm for expanding collaboration with India to meet both nations’ mineral needs and support the transition to greener technologies.

The round table organised by the International Copper Association, India focused on expanding bilateral cooperation in various key areas of the mining sector, including mineral exploration, sustainable mining practices, and value-added mineral processing. Discussions also revolved around renewing the existing India-Chile MoU on Geology and Mineral Resources, ensuring a more robust and future-ready framework for collaboration in the critical minerals domain.

As India’s demand for critical minerals such as copper, lithium, and rare earth elements continues to grow, the round table highlighted the strategic importance of these minerals for sectors like electric mobility, renewable energy, and electronics manufacturing. With this collaboration, both nations are aiming to unlock new opportunities for joint ventures, long-term supply agreements, and cross-border investments.

Chile, being a global leader in copper and lithium production, offers significant opportunities for Indian companies looking to secure access to these minerals through Greenfield and Brownfield mining projects. The discussions also emphasized the potential for technology transfer, best practices in sustainable mining, and strengthening the global mineral supply chain.

This renewed cooperation not only promises to enhance economic ties between India and Chile but also aims to build a resilient and sustainable mining supply chain that supports both nations’ long-term energy and economic goals. The India-Chile Mining Industry Round Table is a crucial step in fostering mutual growth, technological exchange, and a more sustainable mining future.

In Detail : The promoters of Gensol Engineering Limited have sold 9,00,000 equity shares, representing 2.37% of the company’s total equity. The proceeds from the sale will be reinvested into the business through an equity infusion.

In an official statement, the company confirmed that the promoters plan to reinvest the same or a higher amount in the warrant subscription round conducted on June 18, 2024. Following this transaction, the promoters will continue to hold a 59.70% stake in Gensol Engineering.

Gensol Engineering Limited, established in 2012, operates in the renewable energy and electric mobility sectors. The company provides solar engineering, procurement, and construction (EPC) services in India and the Middle East. It also offers solar tracking solutions through Scorpius Trackers, which it acquired in 2023.

In the electric mobility segment, Gensol is engaged in EV leasing under the brand Let’s EV and manufactures electric vehicles through Gensol EV. The company has completed over 770 MW of solar projects, including rooftop, ground-mounted, and floating installations. It is also involved in the development of battery energy storage systems and green hydrogen infrastructure.

Gensol is setting up an electric vehicle manufacturing facility in Chakan, Pune, and provides EV leasing services to public sector undertakings, multinational corporations, ride-hailing services, and logistics companies. The company continues to expand its presence in the renewable energy and electric mobility industries.

In Detail : Greater Noida (Staff Correspondent): Building on the momentum, Day 3 of ELECRAMA 2025 featured a pivotal keynote address by Union Minister of Commerce & Industry,Piyush Goyal, setting the stage for critical discussions on India’s energy transition, policy direction, and technological advancements. Accompanied by esteemed leaders Sunil Singhvi, President, IEEMA and Vikram Gandotra, President (Elect) and Chairman, ELECRAMA 2025, Piyush Goyal emphasized the government’s commitment to strengthening domestic manufacturing, fostering clean energy adoption, and ensuring a future-ready power sector through innovation and collaboration. His address reinforced India’s vision to become a global leader in sustainable energy solutions, highlighting the importance of policy support, strategic industry partnerships, and investment in cutting-edge technologies.

Piyush Goyal urged India’s electrical industry to build a unified world-class exposition platform, positioning India as the go-to global destination for electrical and energy solutions. Speaking at ELECRAMA, he emphasized the need to merge major expos—including ELECRAMA and other industry-led exhibitions—into one showcase, making India the one-stop shop for global players.

“India is at the forefront of the global energy transition, and our electrical industry plays a critical role in this transformation. Instead of hosting multiple fragmented expos, we must come together to create a single, large-scale event that showcases our full capabilities to the world. Imagine an exhibition with over 1,500 exhibitors, 100,000+ visitors, and participation from the biggest global investors—this would firmly establish India as the epicentre of the global electrical industry,” said Shri Piyush Goyal.

He further emphasized the need for industry associations to take the lead in making this vision a reality, ensuring that India’s domestic sector grows stronger while also expanding exports and global partnerships. “Let us bring the world to India. If we create a unified platform of scale and impact, international players will know that India is the one-stop destination for all things electrical. Whether it’s power infrastructure, automation, or smart grid solutions—India has the expertise, the technology, and the vision. The world should say, ‘Go to India, and you will see the future of electrical innovation.” he added.

Looking ahead, India is rapidly scaling up its manufacturing capacity in the electrical and power sector, with a vision to capture a multi-billion-dollar export market. Shri Goyal highlighted that renewable energy expansion, advancements in smart grids, and digital automation are opening new opportunities for businesses to collaborate, co-create, and establish India as the global powerhouse for electrical solutions. “Our industry must think bigger, act faster, and work together. By uniting under one platform, we not only strengthen our domestic sector but also position India as a leader in the global supply chain. The opportunity is now, and we must seize it,” he concluded.

The day also marked a milestone with an MoU signing led by Vimal Anand, Joint Secretary, Ministry of Commerce and Industry, Government of India at the Reverse Buyer Seller Meet (RBSM), paving the way for stronger industry collaborations and international partnerships. These agreements represent a significant step toward expanding global market opportunities, fostering investment, and driving technology-led growth in India’s power sector.

At the sidelines, Vimal Anand, Joint Secretary, Ministry of Commerce and Industry, Government of India said “Indian development inherently carries with itself the growth of infrastructure, and with the growth of infra, and not only in terms of construction of buildings, and various other infra projects, but also logistics, mobility solutions, utility solutions, we are poised to reach the very top, and very soon, we were thinking that we will become the third largest economy in terms of GDP by 2030, but by next year, in fact, we are going to pre-pone that status, and we are most probably going to become the third largest economy in the next year.”

Adding to the momentum, the fifth edition of eTECHnxt conference was inaugurated, bringing together experts to discuss clean energy, carbon markets, energy storage, and digital transformation in power generation. Beyond technology, the conference highlighted the need for digitalization, smart grids, and workforce upskilling, recognizing that the transition to a cleaner, tech-driven energy sector requires a well-equipped and skilled workforce. The summit also witnessed the launch of an extensive whitepaper – New Frontiers in Power Generation highlighting energy storage’s role in renewables, cost-efficiency, and grid modernization.

The day wrapped with an insightful roundtable titled – ‘Bharat, the Vishwamitra’ led by Amitabh Kant, India’s G20 Sherpa and Former CEO of the NITI Aayog. A key focus was on the role of structural reforms, digitization, and infrastructure in sustaining high growth while ensuring inclusive development. From an energy and electrical industry perspective, discussions centered on India’s transition to a clean energy future, backed by investments in renewables, smart grids, and energy storage.

Amitabh Kant, India’s G20 Sherpa and Former CEO of the NITI Aayog said “India’s economy grew at 8.2% last year, making us the 5th largest globally, and we are set to become the 3rd largest in the next few years. With structural reforms, digitization, and a strong focus on infrastructure, India is advancing toward its $30 trillion GDP vision by 2047. The electrical and power sectors are key to this journey, driving clean energy, smart grids, and storage solutions. Government initiatives like Make in India and PLI have positioned India as a global manufacturing hub. IEEMA has been instrumental in fostering innovation, industry collaboration, and policy advocacy. With rising investments and energy partnerships, India is emerging as a Vishwa Mitra—a global leader in sustainable energy and self-reliance”

With participation from global policymakers, business leaders, and technology pioneers, ELECRAMA 2025 continues to drive impactful conversations that shape the future of India’s power sector. By bridging the gap between policy, technology, and market readiness, the event remains instrumental in accelerating India’s clean energy transformation and establishing a resilient, future-ready power infrastructure.