New Delhi: Petroleum Planning & Analysis Cell (PPAC), an organisation that crunches data for the Ministry of Petroleum and Natural Gas, celebrated its 22nd Foundation Day on April 3 at Scope Complex Convention Centre. PPAC was inaugurated on this day in 2002.
"In more than two decades of its existence, PPAC has played a significant role in the switchover to a de-regulated market, management of PMUY (Ujjwala), DBTL, PM Garib Kalyan Yojna, LPG Subsidy and Gas Pricing, apart from managing enormous data on the oil and gas sector. In the past, it has assisted the Ministry in discharging several other important functions, including the administration of subsidy on PDS kerosene and freight subsidy for far-flung areas etc," said an official statement on Tuesday.
PPAC maintains data bank on oil and gas sector and analyses the trends in the domestic and international oil and gas sector and domestic prices.
On the foundation day, Chief Guest Dr Kirit Parikh, former Planning Commission Member, shared his thoughts on the role played by PPAC in the sector and emphasized the need for activities towards energy transition.
Anish De, Global Head, Energy & Natural Resources, KPMG, in his address, talked about how a data organisation like PPAC can keep itself relevant in times of energy transition. Representatives from various stakeholders praised the role played by PPAC for the hydrocarbon sector by being the most authentic official source for data and policy analysis. P Manoj Kumar, Director General, PPAC, in his welcome address, highlighted the achievements during the journey of PPAC and stressed on the need for widening its scope and domain, keeping in view the changing scenario and dynamics.
The event also saw the launch of an app version of the PPAC website and the announcement of a publication of a bi-annual journal on energy to disseminate collective knowledge of the sector.
PPAC also decided to regularly celebrate its foundation day on April 3 every year with activities like technical sessions and panel discussions etc.
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