Much on the lines of the Energy Information Administration (EIA) of US, the National Institution for Transforming India (NITI) Aayog signed agreement with EIA to set up web portal on energy data. The web portal will host all the data related to energy sector including oil & gas, coal, solar & thermal energy etc. NITI Aayog, a think tank of government, is working to develop India's energy data agency which will take 3-4 years to develop.
NITI Aayog vice chairman Arvind Panagariya said that the regulatory bottlenecks in the past have resulted in lower than expected domestic production in the country. 'Current government has taken several measures to remove these bottlenecks and increase production, particularly of gas. He emphasized that energy is extremely important to help India maintain over 8% growth.
Niti Aayog also signed Statement Of Principle (SOP) with US Agency for International Development (USAID) and Department of Energy & Climate Change (DECC) of United Kingdom (UK) for collaboration in the area of energy research. Through this agreement, the Aayog aims to host all the data related to energy sector in the country including oil and gas, coal, solar and thermal energy, much on the lines of the Energy Information Administration of US.