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PM Modi say’s India set to double oil refining capacity in five years, earlier than expected.

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  • Our aim is to increase the share of natural gas by 4 times this decade, says PM Modi
  • PM unveils various facilities at the 8th convocation of Pandit Deendayal Petroleum University, Gandhinagar,

India is working to double its oil refining capacities in the next five years, announced Prime Minister Narendra Modi at the eighth convocation of Pandit Deendayal Petroleum University (PDPU) on Saturday.

Addressing the graduating students of the University, the Prime Minister said stated that the coming decade will see massive investments flowing into the oil and gas sector creating ample opportunities for energy professionals. A Total of 2,608 students, including 467 PhDs, received their degree certificates at the con 8th Convocation. At the first convocation, which is against the 132 students had received degree certification the first convocation.

“Friends, as you step into the industry in this Covid-19 times, there are infinite possibilities for employment. In this decade, just oil & gas sector will see lakhs of crores of investments. We are working to double our oil refining capacities in the next five years. In this decade, our effort is to increase four times the share of natural gas in our overall energy requirements,” Modi said in his E-Convocation address delivered via video conferencing.

Modi also stated that the government’s policy focus will remain on strengthening the start-up ecosystem in the area of energy security for the country. “India has set a target to reduce carbon footprint by 30-35 per cent%. Also, work is on to develop start-ups involved in to ensuring the country’s energy security. For professionals like you, a special fund has been created to incubate your ideas, products or a concepts,” Modi said.

Lauding India’s rapid advancement in the solar energy space, Modi also stated that the ambitious target to achieve renewable energy generation of 175 Gigawatt (Gw) by 2022 will be achieved much before the deadline, while another landmark of 450 Gw will be achieved before the 2030 deadline. “This is the a result of a conviction with a clean heart,” Modi said.

Mukesh Ambani, the President of the Board of Governors of PDPU and Chairman of Reliance Industries Ltd, who presided over the function, and gave an insight into the future possibilities in the energy space. He said stated that India must be prepared to answer the questions on how to produce the growing amounts of energy that India would need to sustain the economies without harming the environment.

“By the middle of the century, the world will use twice as much energy as we use today. In the next two decades, India’s own per capita energy needs will be more than twice as much as today.”

To achieve the goals of becoming a super power and also a super power in green and clean energy, India will need disruptive solutions in renewables, low carbon and carbon recycle technologies.

“We need breakthroughs in new energy sources such as green and blue hydrogen. We need solutions and innovations in energy storage, saving and utilization. As a person from the energy business, I assure students that you are entering an exciting future,” Ambani told the gathering in his address.

Gujarat Chief Minister Vijay Rupani, who was also present through virtual mode, stated that with institutes like PDPU, Gujarat is becoming a global hub for professional education. “Not just infrastructure facilities but (with) also the right ecosystem for education in the areas of petroleum, maritime, and railways, we see an increased interest from global students to study in Gujarat.”

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447 cases of adverse effect reported,Covid-19 vaccine given to 2,24,301 beneficiaries :Govt.

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A total of 2,24,301 beneficiaries have been inoculated with COVID-19 vaccine so far, out of which only 447 adverse events following immunisation (AEFI) were reported, the Union Health Ministry said on day two of the nationwide vaccination drive on Sunday.

Addressing a press briefing, the ministry’s Additional Secretary Manohar Agnani said out of the 447 adverse events following immunisation, only three required hospitalisation.

“Today being Sunday, only six states conducted vaccination drive and in 553 sessions a total of 17,072 beneficiaries were vaccinated,” he said.

The six states where the vaccination drive was carried out on Sunday are Andhra Pradesh, Arunachal Pradesh, Karnataka, Kerala, Manipur and Tamil Nadu, he added.

Agnani said a total of 2,24,301 beneficiaries have been vaccinated till January 17 as per provisional reports, adding that 2,07,229 of them received the jabs on day one of the drive.

“A total of 447 AEFI have been reported on January 16 and 17, out of which only three required hospitalisation. Most of the AEFI reported so far are minor like fever, headache, nausea,” he said.

He said a meeting was held with all states and union territories on Sunday to review the progress of the drive, identify bottlenecks and plan corrective actions.

Prime Minister Narendra Modi rolled out the world’s largest inoculation drive against COVID-19 on Saturday and said the two vaccines being deployed will ensure a “decisive victory” for India against the pandemic.

India has approved two vaccines—Covaxin developed by Bharat Biotech and Covishield from the Oxford/AstraZeneca stable being manufactured by the Serum Institute of India—for emergency use in the country.

According to the government, the shots will be offered first to an estimated one crore healthcare workers and around two coror frontline workers, and then to persons above 50 years of age, followed by persons younger than 50 years of age with associated comorbidities. PTI

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