CMD, IREDA Calls for Integrated Energy Transition at India Energy Week 2026

CMD, IREDA Calls for Integrated Energy Transition at India Energy Week 2026

Shri Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Ltd. (IREDA), participated in a high-level roundtable on “Net Zero Emissions: Environmental, Economic and Social Implications – Role of Oil and Biofuels in the Transition” at India Energy Week 2026 in Goa.

Highlighting India’s rapid progress in clean energy, Shri Das noted that the parallel scaling of renewable energy and alternative low-carbon fuels is already delivering tangible outcomes. Initiatives such as ethanol blending are reducing import dependence, lowering emissions, and enhancing energy security, collectively steering the country towards a Viksit Bharat. He emphasised that this integrated approach is aligned with India’s development-first pathway to achieving Net Zero by 2070 and its commitment to install 500 GW of non-fossil fuel capacity by 2030. With India’s per capita electricity consumption still less than one-third of the global average, he stressed the importance of a phased, realistic, and growth-oriented energy transition.

Shri Das further underscored that oil and gas will continue to play a critical transitional role across transport, petrochemicals, and industry, ensuring energy security and price stability. He added that biofuels offer a scalable decarbonisation pathway by leveraging existing infrastructure while simultaneously supporting rural livelihoods.

He also highlighted that India’s clean energy expansion represents one of the largest nation-building opportunities globally, generating significant demand for engineers, financiers, data specialists, and project managers. A just, affordable transition—supported by reskilling initiatives and strong domestic manufacturing—will be essential to maximise social and economic benefits.

Concluding his address, Shri Das stated,

“Oil, gas and biofuels are not obstacles but enablers of a systematic transition. IREDA remains committed to ensuring that India’s climate ambitions are supported by accessible and affordable green finance.”

In addition, the CMD, IREDA, contributed to the CEO Roundtable on “Global Green Hydrogen and its Derivatives Offtake,” where he emphasised that scalable financing mechanisms and coordinated policy support are critical to accelerating the development of India’s green hydrogen and green ammonia markets. He noted that speed and skill, backed by strong policy frameworks, can position India not only as a major manufacturing hub for green hydrogen but also as a significant global export hub.