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Reading: In simply 3 years, IEW has turn into world’s second-largest vitality platform, subsequent version in Goa: Union Minister Hardeep Singh Puri
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StockWaves > Business > In simply 3 years, IEW has turn into world’s second-largest vitality platform, subsequent version in Goa: Union Minister Hardeep Singh Puri
Business

In simply 3 years, IEW has turn into world’s second-largest vitality platform, subsequent version in Goa: Union Minister Hardeep Singh Puri

StockWaves By StockWaves Last updated: February 15, 2025 11 Min Read
In simply 3 years, IEW has turn into world’s second-largest vitality platform, subsequent version in Goa: Union Minister Hardeep Singh Puri
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Because the 2025 version of the much-anticipated India Power Week (IEW) drew to a detailed, Petroleum and Pure Fuel Minister Hardeep Singh Puri mentioned the occasion exceeded expectations by encompassing a complete vary of sectors together with petroleum, pure fuel, inexperienced vitality, biofuel, and compressed biogas (CBG). Organised on the Yashobhoomi worldwide conference and expo centre in Dwarka, New Delhi, the IEW 2025 was a widely-followed four-day exhibition aimed toward driving international vitality innovation and collaboration for a sustainable future.

The occasion achieved unprecedented success, marked by record-breaking international participation from ministers, CEOs, and trade leaders in India’s essential vitality sector.

Puri elaborated that inside simply three years, the IEW occasion has turn into because the world’s second-largest vitality platform, with its fourth version scheduled to happen in Goa.

Highlighting various sensible improvements on the occasion, comparable to a cheap conversion equipment demonstrated on the HPCL stall, Puri expressed satisfaction on the convergence of buyers, producers and customers, significantly evident within the show of flex gasoline autos.

India-US Power Cooperation

Noting substantial progress in bilateral relations, significantly within the pure fuel sector, the Union Minister highlighted India’s said purpose of accelerating pure fuel consumption to fifteen per cent in its vitality combine from about 6 per cent presently. He additionally emphasised the strategic significance of India’s relationship with the US for LNG provides.

Discussing the worldwide vitality state of affairs, Puri noticed that the brand new US administration’s push for elevated oil provide has created beneficial situations in international markets. 

Exploration and Manufacturing (E&P) Reforms

Sharing particulars of the Open Acreage Licensing Program (OALP) Spherical X, overlaying about 2,00,000 sq. kilometers. It’s a particular initiative enabling buyers to decide on particular land blocks to probe for oil and fuel based mostly on obtainable knowledge with out ready for a proper authorities bid spherical. Puri defined that enhanced curiosity on this spherical was pushed by systematic reforms within the regulatory regime, transitioning from manufacturing to income sharing mechanisms, together with the proposed amendments to Oilfields (Regulation and Improvement) Act 1948.

Puri additionally introduced that the brand new legislative framework, developed by intensive consultations, is about to be introduced within the Lok Sabha.

Outlining the Petroleum and Pure Fuel Ministry’s priorities, Puri emphasised give attention to E&P, stressing the significance of knowledgeable collaboration and the proposed adjustments to regulatory framework that enables applicable compensation for useful resource discovery to the stakeholders within the sector.

Puri additionally emphasised the elimination of discretionary components in coverage implementation as a transfer towards extra clear governance within the vitality sector.

Biofuel Programme a Outstanding Story 

Described the biofuel program as a exceptional story, Puri expressed pleasure about inexperienced hydrogen, confirming assured development towards the 5MMT annual manufacturing goal for 2030, whereas additionally highlighting sustainable aviation gasoline improvement.

Main Offers

Petroleum and Pure Fuel Secretary Pankaj Jain detailed the enterprise carried out throughout IEW 2025 throughout numerous domains, categorising agreements into distinct areas, comparable to provide preparations for crude, LNG, and LPG throughout geographies, know-how partnerships for digital refinery options, and exploration companies.

Jain additionally highlighted the unprecedented scale of OALP Spherical X, emphasising the necessity for international experience to use hydrocarbon sources within the nation.

ALSO READ: IEW 2025: Union Minister Hardeep Singh Puri says India’s clear cooking fuel mannequin extremely replicable in different International South nations

Jain additionally mentioned the potential use of the Oil Trade Improvement Fund, established below the Oil Trade Improvement Act, for revolutionary financing wants in deep-water exploration tasks.

Power Startups, a Large Space of Focus

UrjanovaC was fecilitated as winner of the Avinya Power Startup Problem, with Breathe ESG, AgriVijay, Apeiro Power and UGreen Know-how as runners-up within the much-anticipated contest aimed toward encouraging energy-focused entrepreneurs.

The 5 startups showcased their improvements to greater than 70,000 vitality professionals from 120 international locations. 

This Avinya 2.0 occasion achieved exceptional progress and generated super enthusiasm throughout the vitality startup ecosystem, attracting greater than 170 startups and MSMEs.

ALSO READ: India Power Week 2025: Oil India-Petrobras, BPCL-ADNOC, ONGC-BP, different main offers signed at Yashobhoomi 

The spectacular 2025 version of the IEW occasion additionally hosted the Vasudha and Hackathon challenges.

Vasudha and Hackathon marked their entries into the colourful and globally-tracked vitality exhibition.

ALSO READ: India Power Week 2025 | UrjanovaC wins Avinya Power Startup Problem at Yashobhoomi

Conclusion

The 2025 India Power Week was envisioned as extra than simply one other trade convention, designed to be a dynamic platform redefining international vitality dialogues.

The third version represents a major milestone in shaping the worldwide vitality narrative, based on an official assertion. 



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