Adequate energy supply at affordable price key for growth: PM

“Such partnerships could result in outcomes like improved recovery from mature fields, exploitation of ultra-deep water energy reserves and progress in complex frontier areas. They could also help in exploitation of unconventional forms of energy, apart from addressing concerns about environmental degradation and climate change,” the Prime Minister said.  

India, he said, is committed to reducing its carbon footprint as a responsible member of the global community.  

Stating that the challenge of achieving high economic growth and yet reducing emissions was formidable, Singh said the country needs to work on demand management, energy conservation, energy efficiency and renewable energy technology.

It also requires focused R&D initiatives, the Prime Minister said.