Energy generation from non-conventional sources will double in a decade from the present level of 14,000 MW growing at the rate of 9 percent per year. This was stated by Deepak Gupta, Secretary, Ministry of New and Renewable Energy.
He was inaugurating an International Conference on Indian Pulp and Paper Industry organized by Indian Agro & Paper Mills Association today in New Delhi, which coincided with the Paperex 2009. Gupta informed that Solar Mission being implemented by his Ministry is aimed at achieving solar energy generation of 20,000 MW by 2022, leading to considerable improvement in the total power generation in the country.
Gupta said that the paper industry can increasingly use the alternate sources of energy, which is sustainable and pollution free. Currently the total captive power generation by the paper and pulp mills in the country is pegged at 125 MW. This could go up if the paper and pulp mills in the country can switch over to the renewable sources of energy for heating purposes etc.
In his key-note address and the 1st S Vishwanathan Memorial Lecture to coincide with the Paperex, Mr. Jorma Eloranta, President and CEO, Mesto Corporation, Finland said that his corporation is ready to meet the challenges of the Indian pulp and paper industry to emerge as a technologically savvy and environmentally friendly one. He said that Indian paper and pulp consumption is outstripping demand, whereas North America and Europe are facing over capacity. In India , the total paper capacity is about 8.5 million tons against a demand of 10 million tons and the per capita consumption is a modest eight kilograms.
Earlier in his welcome address, Mr. Goplaratnam, Chairman, Technical Committee Paperex 2009 & CMD Sesasayee Paper and Board Limited presented the current challenges of the paper and pulp industry in India.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.