The Committee’s mission is to serve as the direct link between business and government in the U.S.-India energy and environment corridor by promoting best practices and market-based solutions. The Committee formulates an annual work plan that targets issues important to member companies and leverages key platforms like the U.S.-India Strategic and Energy Dialogues. It also holds roundtables and conferences in both India and the Unites States and leads industry trade missions to India.
The Government of India has augmented its solar target fivefold to 100 GW and wind target to 60 GW by 2022, representing a $125 billion investment opportunity. An increased pace of central and state solar allocations, as well as the plans for a new National Wind Energy Mission, signal greater investment opportunities in the renewable energy space.
Oil and Natural Gas
A number of policies are being developed to encourage investments across the industry value chain, including an Open Acreage Licensing Policy (OALP), marginal oil and gas field policy, and a new natural gas pricing regime to spur development of the country’s energy infrastructure.
Coal Mining and Power
Coal fuels nearly 55% of power generation in India, with demands projected to go up by 42%. The Government of India estimates that the power sector will require investments of $250 billion, representing one of the world’s largest investment opportunities in the sector. The promotion of private sector mining implementation and clean coal technology and services is a top priority.
India’s water and wastewater management sector is expected to provide investment opportunities worth $13 billion for multinational companies over the next three years as the government addresses water scarcity and environmental issues and the Clean India and Smart Cities initiatives continue to gain traction.
Assisted a major independent power producer with resolving fuel supply issues related to a multibillion-dollar coal-red power plant and mining investment in the state.
Helped a U.S. exploration and production company developing oil and gas fields in Gujarat with receiving an extension of its production sharing contract from the Government of India.
Advised U.S. terminal owners on export opportunities to India and facilitated relationships with Indian o-takers that led to a signed contract to export U.S. natural gas to India.
Led a successful industry advocacy campaign that prevented the imposition of anti-dumping on imported solar cells and modules.