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India’s Global Energy Engagements: Ambitions and Outcomes

Guest Speaker 
Mr Vikram Mehta 
Executive Chairman, Brookings India; and
Senior Fellow, Brookings Institution, United States
31 August 2018 (Friday)
3:00pm - 4:45pm
ISAS Board Room, Level 9, Block B
29 Heng Mui Keng Terrace, Singapore 119620


Event Details
 
PROGRAMME (3.00pm - 4.45pm)
(Registration starts at 2.30pm)

Registration 

Introductory Remarks
Dr Philip Andrews-Speed

Senior Principal Fellow
Energy Studies Institute
National University of Singapore

ESI-ISAS Seminar
India’s Global Energy Engagements: Ambitions and Outcomes  
Mr Vikram Singh Mehta

Executive Chairman, Brookings India; and
Senior Fellow, Brookings Institution, United States

Chairperson
Dr Philip Andrews-Speed

Senior Principal Fellow
Energy Studies Institute
National University of Singapore

Interactive Session with Mr Vikram Singh Mehta

Tea Reception and Networking 

End of Presentation



About the Event
The demand for energy is likely to treble in India by 2040. A healthy gross domestic product growth rate of over seven per cent per annum, increasing urbanisation, and new inter-city rail, air and metro rail growth will spur the demand for energy fuels. India already imports more than 80 per cent of its oil needs of around 120 million tons per annum. Coal is the main source of energy for power stations and, apart from the need to import ever increasing quantities in the future, there are environmental concerns. The nuclear energy option has not taken off in a significant manner. There is great focus on solar and wind power but the dependence on fossil fuels for transportation and coal for generation is likely to continue in the foreseeable future. Engagements at the global level to secure India’s energy future have, thus, become extremely important. India imports most of its oil requirements from the Gulf countries. The embargo on Iran is likely to deny India a source of oil supply. There is an attempt to source oil from the United States and the first shipment has only recently been loaded. India would continue to scout for long term sources of oil.

This is true for gas as well. The Turkmenistan pipeline remains on paper. Gas from Australia is an option, as well as from Qatar, but India needs to move quickly. Coal imports are largely in the private sector, and are likely to remain so, with internal production being diverted to state-owned power stations. Solar stations are in progress but it is unlikely that the target of 250GW by 2025 will be met.

The challenges to energy availability are geopolitical, diplomatic and financial. The seminar will examine the progress on different alternatives and the challenges in India in meeting its expectations.

About the Speaker
Mr Vikram Singh Mehta started his career with the Indian Administrative Service in 1978. He resigned in 1980 to join Phillips Petroleum in London as its Senior Economist. In 1984, he returned to India to join the government company, Oil India Ltd, as its Advisor for Strategic Planning. He joined Shell International in London in 1988. He was appointed Managing Director of Shell Markets and Shell Chemical Companies in Egypt in 1991 and Chairman of the Shell Group of Companies in India in 1994.

He left Shell in October 2012. Mr Mehta is currently Executive Chairman of the think-tank, Brookings India, and Senior Fellow of Brookings Institution. He was Chairman of the Hydrocarbon Committee of the Confederation of Indian Industry and a member of its National Council. He is an independent director of several companies, including Larsen and Toubro Ltd, (the leading engineering and construction conglomerate in India), Mahindra and Mahindra Ltd (inter alia the largest tractor and SUV manufacturer in India), Vodafone India Ltd and Colgate Palmolive India Ltd.

Mr Mehta was the recipient of Asia House’s ‘Businessmen of the Year’ award in 2010 and the Asia Centre’s corporate governance and sustainability’s award for the ‘Best Independent Director’ in 2016. He is a member of the Board of Overseers of the Fletcher School of Law and Diplomacy, Tufts University; and the Board of Governors of the Pandit Deen Dayal University of Petroleum.

He was formerly Chairman of the Board of Trustees of the Duke of Edinburgh’s award for India and a member of the Board of Governors of Doon School.

Mr Mehta has a regular column in the leading national newspapers, Indian Express and Financial Express, and is the author of a large number of published papers in journals and other publications. Mr Mehta holds a BA Mathematics (Honours) degree from St Stephens College, Delhi University, a BA/MA Economics (Honours) degree from Magdalen College, Oxford University, and a post-graduate degree in Energy Economics from the Fletcher School of Law and Diplomacy, Tufts University.

Click here  for registration.