Energy Innovation Summit to be held on Nov 28-29 in Vijayawada
Government of Andhra Pradesh is hosting Powering Andhra Pradesh, Global Energy Innovation Summit on 28-29 November 2018 in Vijayawada. The Summit will share innovations and global best practices via panel discussions, workshops and a pitch competition. The five central themes of the summit are Conventional Energy, Renewables, Grid up-gradation, Energy Efficiency and E-Mobility. The Summit will bring together energy sector experts from a wide range of organizations including private sector, international agencies, donors, investors, independent think tanks, research institutions and governments to share technology innovations, best practices and ideas for transforming the energy landscape in the state. The summit will also showcase innovations in the energy and renewable sector from across the globe and highlights solutions for emerging economies. The Summit will also offer an opportunity for discussing the challenges faced and to scout solutions.
Andhra Pradesh has been at the forefront of the energy sector and has won 20 plus awards in the energy sector during 2015 to 2017. From a power deficit of 22.5 MU per day in 2014, the state has become a power surplus state and has lowered its transmission & distribution losses from 14% to less than 10% within a short span of time. In addition to augmenting both conventional and renewable energy production, the State has also enhanced energy efficiency through massive installation of LED bulbs and solar pump sets. To build on this momentum, and to support the States’ vision and address gaps in the energy sector, Government of Andhra Pradesh is organizing this major Summit.
The state has now set a challenging vision for the energy sector which includes:
# Setting up of 18 GW of renewable energy capacity by 2022
# Reducing transmission and distribution losses to less than 3%
# Ensuring 10 lakh (1 million) Electric Vehicles on road by 2023, attracting an investment of INR.30,000 crores (~ USD 4.5 billion)
# Ensuring 24*7 reliable power supply for all domestic, commercial and industrial users by 2019
# Rolling out energy efficiency measures to save 12000 MU of electricity annually