The growth of Canadian investments in India’s energy technologies, such as solar, carbon capture and storage, wind and power transmission was part of a recent talk at the 2nd India-Canada Ministerial Energy Dialogue in Calgary, Alberta.
Canada’s Minister of Natural Resources Greg Rickford and Shri Dharmendra Pradhan, India’s minister of State (Independent Charge) Petroleum and Natural Gas, discussed skill development and the sharing of knowledge to speed up clean energy technology adoption.
“Canada’s growing energy relationship with India is helping create jobs and long-term prosperity for both of our countries, noted Rickford. “We stand ready to expand our strategic partnership through greater cooperation based on our complementarity of energy interests.”
The two ministers contemplated how to strengthen business and government relations and increase Indian participation in mining and oil sand activities to grow Canadian investments in India’s energy infrastructure.
Currently, Indian companies are involved in Canada-based projects with Pacific NorthWest LNG and A C LNG, for example. India is expected to import 44 billion cubic metres of natural gas per year by 2025, a major portion coming from Canada.
In 2012, India was the fourth-largest energy consumer in the world. Recent International Monetary Fund studies showed that India is expected to be the fastest growing economy during 2014-25.
The ministers are scheduled to meet again in 2016 for the 3rd India-Canada Ministerial Energy Dialogue.