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‘India will be self-sufficient in energy sector by 2030’

Staff Correspondent
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M. Veerappa Moily
M. Veerappa Moily

Union Minister for Petroleum and Natural Gas, M. Veerappa Moily has said that India will become self-sufficient in the energy sector by 2030.

He said here on Saturday that the import bill for petroleum products was $160 billion now. Mr. Moily said it would come down by 50 per cent by 2020, 75 per cent by 2025 and stopped by 2030. The government was working towards reducing gas and oil imports, Mr. Moily said.

He said by 2017, the country would get gas from Turkmenistan through the Turkmenistan-Afghanistan-Pakistan-India pipeline.

Mr. Moily said the survey for the Chitradurga-Mangalore stretch of the Dabhol-Bangalore gas pipeline had been delayed owing to rain. He expressed the confidence that the foundation stone for the project could be laid in October. Mr. Moily said he would hold a meeting with the Chief Minister on July 26 on setting up CNG stations in the State.

He said the State government could save Rs. 800 crore a year by converting the diesel-based power plant at Bidadi to a gas- based power plant. Mr. Moily said a meeting would be held in two weeks to discuss and review the implementation of Aaadhar-linked DBT scheme.

The import bill for petroleum products will come down by 2020: Moily

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