Atomic power to be part of Integrated Energy Policy: Plan Comm
The draft emphasised need for acquisition of energy assets abroad.
By PTI |
NEW DELHI: The Planning Commission will move Cabinet next month for approval of an Integrated Energy Policy that will include atomic power as part of efforts to fuel the growing economy, Plan panel said today.
Chairing the meeting of the Planning Commission, Prime Minister Manmohan Singh reviewed the draft Integrated Energy Policy and emphasised that appropriate energy pricing was must to promote investment in augmenting supplies.
"Energy pricing is a key component of energy policy, since appropriate energy pricing must provide the incentives needed for efficient use of energy and also the incentive for investment in expanding supplies," Singh said.
The meeting convened ahead of Prime Minister's visit to the US, where he is expected to sign the civil nuclear deal with President George Bush, was also attended by Atomic Energy Commission Chairman Anil Kakodkar.
"In order to meet our energy requirements, we need to expand all energy resources. There was a discussion on the importance of nuclear energy and Chairman of AEC intervened indicating what they (AEC) are doing," Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters after the meeting.
Ahluwalia said that the draft policy would be placed before the Cabinet next month. It would lay the general principles to be followed by multiple ministries including Petroleum and Natural Gas, Coal, Power, Water Resources, Atomic Energy, Renewable Energy and Finance.
The draft also suggested setting up of common appellate tribunal along with sector-specific regulatory bodies.
The draft policy also emphasised the need for acquisition of energy assets abroad to meet the growing demand to achieve the target of 9 per cent economic growth.
Chairing the meeting of the Planning Commission, Prime Minister Manmohan Singh reviewed the draft Integrated Energy Policy and emphasised that appropriate energy pricing was must to promote investment in augmenting supplies.
"Energy pricing is a key component of energy policy, since appropriate energy pricing must provide the incentives needed for efficient use of energy and also the incentive for investment in expanding supplies," Singh said.
The meeting convened ahead of Prime Minister's visit to the US, where he is expected to sign the civil nuclear deal with President George Bush, was also attended by Atomic Energy Commission Chairman Anil Kakodkar.
"In order to meet our energy requirements, we need to expand all energy resources. There was a discussion on the importance of nuclear energy and Chairman of AEC intervened indicating what they (AEC) are doing," Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters after the meeting.
Ahluwalia said that the draft policy would be placed before the Cabinet next month. It would lay the general principles to be followed by multiple ministries including Petroleum and Natural Gas, Coal, Power, Water Resources, Atomic Energy, Renewable Energy and Finance.
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The draft also suggested setting up of common appellate tribunal along with sector-specific regulatory bodies.
The draft policy also emphasised the need for acquisition of energy assets abroad to meet the growing demand to achieve the target of 9 per cent economic growth.
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