India’s energy market is uniquely positioned for a dual transformation, advancing both conventional and renewable sectors, said Vartika Shukla, Managing Director of Engineers India Limited (EIL). In an exclusive interview with ANI on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), she discussed the ongoing energy transition in the country.
“The Indian energy market is one of the most dynamic and possibly the only market globally where both conventional energy and the shift towards cleaner energy are progressing at such a rapid pace,” Shukla stated.
She highlighted India’s advancements in several key areas, including biofuels, green hydrogen, grid modernization, and developments in the petrochemical sector. These areas, Shukla emphasized, present significant opportunities to attract investment, facilitate technology transfer, and engage stakeholders in the country’s growing economy.
The global clean energy trend has seen a surge in investments, with an estimated USD 2 trillion expected to flow into the sector this year. India, aiming for 300 GW of green energy capacity by 2030, has already achieved 200 GW. Shukla credited supportive government policies and frameworks for driving this growth and fostering a favorable investment climate in the clean energy space.
Referring to the success of India’s solar energy initiatives, she said, “The solar sector is a prime example of success, with solar power costs now among the lowest globally in terms of per kilowatt pricing.”
While EIL remains committed to the oil and gas sector, it is also embracing the clean energy transition. The company is involved in pioneering projects such as India’s first second-generation bio-refinery, a Sustainable Aviation Fuel (SAF) facility, and carbon sequestration initiatives.
“We are integrating these clean energy solutions into our business operations and processes, ensuring that we are well-positioned and balanced to meet diverse client needs,” Shukla noted, stressing the importance of a dual focus on both conventional and renewable energy.
As energy demand grows in line with India’s economic expansion, EIL’s strategic focus on sectors like data centers and international collaborations—such as its partnership with ADNOC in Abu Dhabi—demonstrates its adaptability and innovation in the evolving energy landscape.
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