India plans to nearly double its oil refining capacity over the next five years, a much more ambitious plan than previously stated despite COVID-19 complications, Prime Minister Narendra Modi said, according to Reuters.
The previous time scale quoted in June was to increase the country’s production to 450-500 million tonnes in 10 years from the current level of about 250 million tonnes.
However, Modi said at a convention “work is being done to nearly double the country’s oil refining capacity in the next five years.”
As well as refining, Modi also indicated that the country is aiming to raise the share of natural gas in its energy-consumption mix by up to four times. At current, the more environmentally-friendly fuel accounts for only 6% of the energy consumed in the country.
Modi also touched on renewable energy, with energy capacity set to reach 175 gigawatts (GW) by 2022 and 450 GW by 2030 ahead of schedule. For comparison, the country had a renewable energy capacity of about 75 GW at the end of 2018.