Energy is one of the major inputs for the economic development of any country. In the case of developing countries, the energy sector assumes critical importance in view of the ever increasing energy needs requiring huge investment to meet them. The consumption of energy increasing at a fast pace while available resources remain limited. The global need for energy is increasing on an average by about 1.5 % every year. Out of the total amount of primary energy around 80 % comes from fossil fuels. The current consumption of fossil fuels particularly oil is not sustainable in the long term. Energy conservation was not a part of National energy policy until the 1970. However the need for the such approach felt after the oil price hike and its deterious effect on the economy.
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