CURRENT AFFAIRS

Detailed explanation-1: -The Central Government has set up a high-level group to build a South Asia-focused energy security architecture. The high-level group, named the South Asia Group for Energy (SAGE), will be headed by former Union Power Secretary Ram Vinay Shahi.

Detailed explanation-2: -The South Asia Group for Energy (SAGE) is a high-level group established by the Ministry of External Affairs (MEA) think tank Research and Information System for Developing Countries (RIS). Therefore, option (c) is the correct answer.

Detailed explanation-3: -Multiple intergovernmental initiatives in South Asia are promoting energy cooperation. Eight countries are covered by the agreement: Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka.

Detailed explanation-4: -India’s 4-plank energy security strategy is based on diversifying supplies, increasing E&P, alternate energy sources and energy transition through a gas-based economy, Green Hydrogen etc. India will contribute 25% of global demand by 2040 and achieve 20% ethanol blending in petrol by 2025: Hardeep Singh Puri.

Detailed explanation-5: -The objective is to supply reliable and quality electricity in an efficient manner, at reasonable rates and to protect consumer interests.