Gohar Group

ENERGY- OIL & GAS:

  1. WORLD’S THIRD-LARGEST ENERGY CONSUMER▪ According to IEA (India Energy Outlook 2021), primary energy demand is expected to nearly double to 1,123 million tonnes of oil equivalent, as the country’s gross domestic product (GDP) is expected to increase to US$ 8.6 trillion by 2040
    • Power is among the most critical components of infrastructure, crucial for the economic growth and welfare of nations. The existence and development of adequate power infrastructure is essential for sustained growth of the Indian economy.
    • India’s power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required.
    • India was ranked fourth in wind power, fifth in solar power and fourth in renewable power installed capacity, as of 2020. India is the only country among the G20 nations that is on track to achieve the targets under the Paris Agreement.
    • The Indian renewable energy sector is the fourth most attractive renewable energy market in the world. India was ranked fourth in wind power, fifth in solar power and fourth in renewable power installed capacity, as of 2020.
    • Installed renewable power generation capacity has gained pace over the past few years, posting a CAGR of 17.33% between FY16-20. With the increased support of Government and improved economics, the sector has become attractive from an investors perspective. As India looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. The government plans to establish renewable energy capacity of 523 GW (including 73 GW from Hydro) by 2030.
    • As of January 2022, India’s installed renewable energy capacity stood at 152.36 GW, representing 38.56% of the overall installed power capacity. 975.60 MW of renewable energy capacity was added in January 2022. Power generation from renewable energy sources stood at 13.15 billion units (BU) in January 2022, up from 11.51 BU in January 2021.
    • The country is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar. The renewable energy capacity addition stood at 8.2 GW for the first eight months of FY22 against 3.4 GW for the first eight months of FY21. ICRA expects renewable energy capacity addition of 12.5 GW in FY22 and 16 GW in FY23.
    • Solar power installed capacity has increased by more than 18 times from 2.63 GW in March 2014 to 49.3 GW in at the end of 2021. In FY22, till December 2021, India has added 7.4GW of solar power capacity, up 335% from 1.73 GW in the previous year. Off-grid solar power is growing at a fast pace in India, with sales of 329,000 off-grid solar products in the first half of 2021.
    • With a potential capacity of 363 GW and with policies focused on the renewable energy sector, Northern India is expected to become the hub for renewable energy in India.
  2. SECOND-LARGEST REFINER IN ASIA ▪ As of September, 2021, India’s oil refining capacity stood at 248.9 million metric tonnes per annum (MMTPA), making it the second-largest refiner in Asia. Private companies owned about 35% of the total refining capacity. ▪ India is planning to double its refining capacity to 450-500 million tonnes by 20303.
  3. THIRD-LARGEST CONSUMER OF OIL ▪ India’s consumption of oil products stood at 201.26 MMT in 2021, a 3.7% YoY increase. ▪ India’s oil consumption stood at almost 4.9 million barrels per day (BPD) in 2021, up from 4.65 million BPD in 2020. ▪ India retains its spot as the third-largest consumer of oil in the world as of 2021.
  4. FOURTH-LARGEST LNG IMPORTER ▪ LNG import in the country accounted for about one-fourth of total gas demand, which is estimated to double over the next five years. To meet this rising demand the country plans to increase its LNG import capacity to 50 MT in the coming years. ▪ India increasingly relies on imported LNG. It is the fourth-largest LNG importer. ▪ India’s LNG import stood at 7.9 billion cubic meters (BCM) between October-December 2021. The import for the entire year stood at 24.46 BSCM.

AECL Range of Services to the Sector:

Your Energy- Oil and gas enterprise needs to be rewired to become increasingly agile and responsive to shifts in business and technology, as well as unforeseen events. A digital-first enterprise pivots strategy and operations appropriately with enhanced visibility into the business landscape and enterprise ecosystem.

Active Digital Services Architecture: Energy-Oil and Gas

The world is facing the generational challenge of transforming the entire energy system to create a sustainable net zero emissions future. And its needs bold, innovative technologies to bridge the gap between ambition and reality.

The AECL Energy Innovation Centre are our incubator for next-generation energy solutions. Designed to foster collaboration, openness, and speed to explore and scale solutions that address the hard problems of energy transition. At its heart is a community of practitioners and experts from AECL, our partners, and the start-up ecosystem, that are engaged in hypothesis building, problem solving and breakthrough offerings.

Explore our services to Energy Sector:

AECL Energy Next Innovation Centre combines Living Labs and a Design Studio flanked by the support from our partners and a thriving start-up ecosystem. Our Services are:

  1. We leverage partners to host a suite of AECL technologies that help clients adopt cloud-based systems securely. We migrate legacy enterprise workloads, including mainframe and enterprise resource planning (ERP), to the partner Cloud. AECL leverages the partner Cloud to enable analytics-as-a-service and help enterprises leverage their data assets for business growth and innovation.
  2. For more than a decade, our partners and AECL have collaborated to help manufacturers in a broad spectrum of industry verticals to design better products, ensure asset uptime, and drive continuous improvement, achieving cost reductions, greater speed to market, and increased profitability. Today, we are guiding Energy organizations globally towards Industry 4.0 and achieving double-digit business impact across the value chain. Our teams are making smart connected (and safe) operations a reality for Operators/Oil Field Services/EPCs, combining AECL engineering expertise and track record of success in the energy sector with Partners IoT (Internet of Things) and AR (Augmented Reality) technologies.
  3. Various other Software entities and AECL have been alliance partners for close to two decades now. We collaborate to offer world class solutions to support our clients on their business transformation journeys. Our solutions, products, and services, esp. in the Energy space, provide our clients with platforms to innovate, to increase operational efficiency, and, to accelerate energy transition journeys. We have successfully delivered hundreds of engagements together like automating procurement systems, outage management systems, work and asset management systems, etc. Our joint service offerings include solutions developed for our clients at our European & US Labs. This includes solutions like IoT-based remote water reservoir monitoring systemas well as ideation workshops, hackathons, training and skill development.
  4. M/S. VerifyMe and AECL have formed a partnership to enable rapid digital business transformation for enterprises across multiple industries. VerifyMe’s active​, full lifecycle development platform combined with TECI’s deep domain expertise enables rapid development and deployment of real-time systems that can Sense, Analyse, and Act on events as they occur to leverage opportunity and avoid threats. When the environment and lives are at stake in high-risk industries such as energy, a real-time safety monitoring ​and response management system is crucial.  Our joint solution ingests streams of data from thousands of IoT devices and sensors to create real-time situational awareness and response to hazardous incidents that may occur for safety, sustainability​, and efficiency.