Kolkata, Nov 04 (HS): Government of India is planning to invest a staggering 80 billion USD during the next four years for effecting a smooth transition from the mass use of conventional energy to alternate energy on the basis of its long sustainability and affordability for all.
This view was expressed here today by a panel of experts at a national seminar on “Alternative Sources of Energy-Cost and Price”, organised here today by the Rajpur Chapter of the Institute of Cost Accountants of India (ICAI) – the 2nd largest cost and management accounting body in the world and the largest in Asia, in collaboration with Bharatiya Vidya Bhavan Institute of Management Science (BIMS) to celebrate its Silver Jubilee.
Elaborating the main objective of the day- long seminar, P. K. Mukhopadhyay, Chairman, Electrical division, West Bengal State Centre Institute of Engineers said one must understand that the issues related to alternative source of energy would go a long way towards helping the government to take an ‘effective decision’ for formulating an energy policy in the future as it was very crucial to understand the framework of costing,accounting system in various decision making, resource mapping and effective utilization of scarce resources, risk measurement and their analysis.
Also speaking on the occasion over skype from Oslo (Norway), Mohanlal Kolhe, Professor Smart Grid and Renewable Energy, Norway, said Mother nature had gifted the world with plenty of resources for a healthy livelihood. ‘It is the duty of the people of each country to decide how to use this gift and to multiply it more to sustain a huge population of over three billion across the globe, including about 1.3 billion in India alone’ .
It is extremely important to understand the issues,challenges and opportunities in this context and focus on the opportunities with efficient use of scarce resources, Dr Kolhe said while explaining the use of renewable energy through wind,sunlight or even water.
Among other speakers Manas Kumar Thakur, Past President of ICAI and R. K. Patra, Principal, BIMS said the prime objective of today’s discussion was to highlight the issues of transition from conventional energy to alternate energy on sustainable basis, from the affordability point of view for Cost and Price.
Referring to the proposed huge investment in the country in the coming years, Dr. Patra, said most of the developing countries also have started the escalation of gas usage.
‘The complete transition to alternate energy from fossil fuel is taking place through the first transition phase of oil to gas’, he said and emphasised that with continuous innovation in energy conversion process, technology development and better economic viability, the final transition to alternate and renewable energy should take its own righteous place very soon.
