India faces more problems that just need for reliable energy supply. Even if the Government is able to acquire rights to Natural gas and Crude oil supplies all around the world, the problem does not end there.
India faces a major shortage of refining capacity. As a result prices of diesel, Petrol and Kerosene can go through the roof even if the Crude oil price moves up slowly.
The refineries all around India are old and mainly acquired from the Soviet Union many tears back. They need to be replaced soon. They operate at a much lower capacity die to maintenance needs and cause bad pollution all around.
The refinery owned and operated by Reliance is the only one in the country that is of world class standard and is sophisticated. It was operational approximately 22 months back and is based on most advanced technologies in the world.
The rest of the 18 refineries are in hopeless condition. Some of those India’s refineries cannot get rid of the high sulphur content to produce what is internationally known as sweet crude. Many of the refineries cannot effectively extract Kerosene through the secondary process, Kerosene is high demand since it lights up many homes sin India.
Seven of these prehistoric 18 refineries can be modernized. But red tape and lack of operational control is taking the country to the brink of a major energy crisis.
Raghunath Mashelkar, scientific adviser to the government recently submitted a report on the status of the refineries to the Government. Inadia’s 115m-tonne refining capacity needs some major capital investment, The report clearly mentions about the need of “substantial capital funding” to upgrade or overhaul processes to meet global standards on quality petrol and diesel fuels.
India needs US $6.5 Billion to upgrade these refineries to meet the Euro IV standard of emission by 2010. Stepping up to Euro III emission standards will also require hardship as required by next April.
According to the New Delhi-based Energy and Resources Institute (Teri), fiscal incentive are required from the Government to move forward towards this capital investment.
3 comments:
Hi
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Hi
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India is the largest country in South Asia. India has one of the fastest growing service sectors in the world with an annual growth.
Read more: https://www.everyculture.com/wc/Germany-to-Jamaica/Indians.html#ixzz5eAST0qcl
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