India's energy needs This growing economic, political and strategic mega-democracy, with a population approaching 1.2 billion, was one of the first economies to recover from the global financial woes of 2008. India currently relies on coal for 80 per cent of its electricity generation needs, causing India to be the third largest coal burning nation on earth. The World Nuclear Association reports that India plans to expand nuclear power capacity to at least 25 per cent of its total requirements by 2050. India's energy needs Demand is outstripping supply. Will the country find the reserves it needs to fuel its growth engine? As India's economy accelerates, so does the quest for energy to keep its growth humming. The country's consumption of coal, oil, natural gas, and electricity is projected to rise by nearly 40 percent over the next five years and almost to double by 2020. Securing India's energy needs - McKinsey Quarterly - Energy, Resources, Materials - Strategy & Analysis India: Breaking Free of Energy Dependence? Given Indiaâ€™s rapid growth, it is seeing a surge in demand for energy that is outstripping what current domestic supplies can cover. However, in trying to secure foreign sources of energy, India is playing a game in which China already has an enormous head start, having already lost several bids for natural gas supplies. Domestically, both politics and poor infrastructure have conspired to make development of new energy sources, including in coal, hydro, nuclear, and renewables a major challenge. Managing energy demand, meanwhile, can be a political minefield, as the recent protests over fuel subsidy cuts demonstrate. New oil and gas fields, as well as the nascent nuclear sector, can help lessen the need for foreign energy deals, but the success of these new efforts is not guaranteed. If India cannot properly balance the mix of foreign and domestic energy supplies, it could pose a threat to its future growth potential. India: Breaking Free of Energy Dependence? - GR Energy & Climate Briefs - Garten Rothkopf India scours Australia for coal GVK Power is set to become the third Indian power company to buy Australian coal reserves, news reports said Thursday. GVK is expected to lay out 2 billion Australian dollars (2.1 billion US dollars) for Hancock Prospecting's Galilee reserves, with 6 billion Australia dollars needed for train lines to get the coal the 500 kilometres to a terminal at Abbot Point on the coast, The Australian newspaper reported. India plans to double power generation over the coming decade. There are 28-coal-fired plants under construction and another 28 on the drawing board. Hindujas to energise India power foray; looks to source Qatar gas India needs to add over 75,000 MW in the five years to March 2017 to support its target of 9 percent GDP growth, according to a government report. That will cost roughly 11 trillion rupees ($210 billion), with half of it to come from the private sector, where investor appetite is weak. Puri said that the company was open to picking up small equity stakes in coal projects overseas to lock in supplies and for trading arrangements. The Vizag project has tied up 85 percent of its output already through long-term power purchase agreements, Puri said. The Hinduja Group is also in discussions with the Qatar government for sourcing gas to fire future projects along the eastern coast of India.