FICCI TNSC is organizing the 7th Edition of our flagship Energy Event “TAN-Energy Summit 2017” on Friday, 8th December 2017 at Hotel Hilton, Guindy, Chennai.
Energy is considered as the key input for economic development of the Country. India is poised to play a significant role in the Global energy space, as it is likely to account for 25% of the rise in global energy demand by 2040. Our Country’s energy demand is expected to rise at a compounded annual growth rate (CAGR) of 3.5% till 2040 as it advances on the path of development.
To secure its energy future, Tamil Nadu urgently needs to design and implement innovative policies and mechanisms that promote increased use of abundant, sustainable, renewable resources. Tamil Nadu needs to encourage a decentralized economic development model in order to take advantage of abundantly available renewable energy sources like solar, wind, hydropower, biomass, ocean energy, geothermal and hydrogen energy, and fuel cells.
The State is blessed with an abundance of these resources, yet it spends millions of rupees to import oil, coal, and natural gas resulting in enormous amounts of renewable energy being unused/ wasted. Since TN is already a leader in harnessing the wind power and has huge potential in solar power also, a vastly different kind of power sector infrastructure for the future seem imminent. Tamil Nadu along with rest of India also has to address the Climate Change which the electricity sector has to undergo and enable reforms at the earliest.