India faces Energy Trilemma as it races to meet its energy goals: Mukesh Ambani at PDEU
Gandhinagar: President of Pandit Deendayal Energy University (PDEU), Mukesh Ambani in the 11th convocation function today explained the energy trilemma India faces in its march towards becoming a 40 trillion-dollar economy by 2047. He said as India races to build robust energy infrastructure to meet its energy goals, it faces three crucial questions regarding adequate and affordable energy supply, the speedy transition from fossil fuel to clean/green energy, and while doing so de-risking it from a volatile external environment.
Speaking at the convocation ceremony of PDEU here, Mukesh Ambani, CMD of Reliance today said Reliance Foundation has paid over Rs. 130 crore out of a total commitment of Rs. 150 crore to build world-class infrastructure and transform PDEU.
“With both humility and pride, I would like to inform that Reliance Foundation has already paid over Rs 130 crore out of a total commitment of Rs 150 crore to build world-class infrastructure and transform PDEU,” he said in his video address.
Ambani pointed out that PDEU has launched landmark initiatives like Solar PV production, Smart Hybrid Micro-Grid system, and Apple Lab to train its students – “One, a 45 MW Solar PV production line to train students in solar energy production. Two, a Smart Hybrid Micro-Grid System to teach students the technique of energy storage. Three, an Apple Lab for cutting-edge technology exploration and skill development. Four, a multi-game Sports Arena to produce high-quality sporting talent.”
Speaking on the importance of PDEU’s role, Ambani said, “Energy Transition has become the most critical factor in ensuring India’s transformation into a global leader in green, sustainable and inclusive development. And PDEU is at the forefront of education and research in this area. PDEU is much more than an energy university. It is a crucible where the vision of a clean, green, and sustainable tomorrow is being turned into reality.”
Adding more to it, Ambani said, “In the next 25 years, India will witness an unprecedented explosion of economic growth. From a 3.5 trillion-dollar economy today, it will become a 40 trillion-dollar economy by 2047. And to fuel this growth, the country will need enormous amounts of energy – Clean, Green Energy that won’t choke Mother Nature for the sake of human progress. In fact, India’s energy requirement is set to double just by the end of this decade.”
He explained what he called three questions of “Energy Trilemma” and said, “As India races to build a robust energy infrastructure to meet its energy goals, it faces three crucial questions:
One: How can it ensure that every citizen and every economic activity in India has access to adequate, most aﬀordable energy?
Two: How can it rapidly transition from fossil fuel-based energy to Clean and Green Energy?
Three: How can it de-risk the expanding needs of its fast-growing economy from a volatile external environment?”
He added, “I am confident that India is capable of developing smart and sustainable solutions to address this trilemma because it has extremely talented young minds who have vowed to fight the Climate Crisis. They will design breakthrough energy solutions to build not just a strong and Atmanirbhar India, but also a safer and healthier planet.”