CII–EY Report: India’s Energy Security Shift to Critical Minerals, Storage, Grid
CII-EY India report flags India’s energy security risks beyond oil and gas to critical minerals, manufacturing, storage and grid. India is fully import-dependent for lithium, cobalt, nickel, silicon, rare earths, gallium, germanium and PGE; 2025-2070 demand: 66 MT copper, 46 MT graphite, 19.5 MT silicon, 11.5 MT nickel. Per capita power use rises 780 kWh (2015-16) to 1,153 (2024-25). Storage investment: USD 1.15 tn (2025-2050), USD 3.3 tn (2051-2070); T&D: USD 2 tn+. Nuclear projected 100 GW by 2047; non-fossil nearing 300 GW, target 500 GW by 2030; PM Surya Ghar boosts rooftop solar. Oil use doubles to 243 MT (FY26); SPR approved 11.8 MT; recommends domestic exploration, processing, recycling, diversified imports and partnerships.
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