The uninterrupted, reliable and a stable supply of energy is an important issue for all countries especially for India which is facing a critical challenge of meeting a rapidly increasing demand for energy. India ranks fifth in the world in terms of total energy consumption. To meet the aspirations of over 1.2 billion people of its population, it needs to identify the challenges facing the energy sector and explore new avenues and areas to accelerate the development of the sector. Latin America in this regard holds prominence.