PM likely to approve integrated energy policy

PM likely to approve integrated energy policy

New Delhi: Prime Minister Manmohan Singh is likely to approve an integrated energy policy on Saturday that will pave the way for starting regulations related to taxation, subsidies, and pricing of renewable and non-renewable sources of energy.

The Prime Minister has called a full Planning Commission meeting along with the ministers for coal, petroleum and natural gas, power, and renewable energy, and Anil Kakodkar, chairman of the Atomic Energy Commission.

“With energy not being handled by a single ministry, it is a good idea that the PM meets the concerned ministers as also all members of the Planning Commission to discuss the draft integrated energy policy, which can then be put before the cabinet for its approval," said Montek Singh Ahluwalia, deputy chairman of the Planning Commission.

An expert committee Planning Commission member Kirit Parikh submitted a report on the integrated energy policy in 2006.

The report focused on the lacunae in the current framework. These include the public sector playing a dominant role and enjoying a non-level playing field, energy efficiency and conservation not getting enough attention, subsidies not effectively targeted and renewable sources of energy not getting the required focus.