US and India ties to deepen in the field of energy: US envoy

Economic Times , Wednesday, August 01, 2012
Correspondent :
KOLKATA: The United States government has had a long and successful strategic partnership with India in the energy sector. Over the last 15 years, a USAID program has helped India avoid about 100 million tonnes of greenhouse gas emissions and also reduce coal consumption by 78 million tonnes, resulting in savings of approximately US $1.5 billion, US ambassador Nancy J. Powell has said, according to a statement from the US Consulate General Kolkata.

"If our longstanding cooperation in energy is any indication, I firmly believe the partnership between the United States and India will deepen further (in the field of energy), as in every sense, in the coming years. It is my privilege to have been entrusted by President Obama and Secretary Clinton with the job of fostering our partnership. The interactions between our two countries at all levels are staggering in their breadth and depth and include critical global challenges like food security, health, and energy and climate change".

"We all know that climate change and energy security are two of the most critical global challenges of the 21st century. With India's energy consumption growing at over 7 percent annually, the country faces formidable challenges in meeting its energy demands. India needs to find a way to improve the reliability and adequacy of energy supplies while making modern energy services accessible and affordable to the entire population. Such energy security concerns prompted the United States and India to launch the first Energy Dialogue in 2005 to identify mutually beneficial initiatives that complement Indian and US development, security, and economic interests," Powell has said.

 
SOURCE : http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/us-and-india-ties-to-deepen-in-the-field-of-energy-us-envoy/articleshow/15292309.cms
 


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