Cabinet approves Integrated Energy Policy

New Delhi, Dec 26 (ANI): The Union Cabinet today gave its approval to the Integrated Energy Policy (IEP) for the country.

It also decided to set up a monitoring committee under the Chairmanship of the Cabinet Secretary for reviewing the progress of implementation of the policy.

The IEP envisions a roadmap for sustainable growth with energy security over a reasonable period of time.

India needs to sustain an economic growth of at least nine percent over the next 25 years if it is to eradicate poverty and meet its larger human development goals.

Meeting the energy requirements of this growth in a sustainable manner presents a difficult challenge and one that has become more formidable following the steep rise in international energy prices since 2006. It is necessary in this backdrop to evolve an integrated energy policy that provides a coherent framework of policy covering different energy sources in a consistent manner. (ANI)