The power sector of the country has witnessed a considerable change and evolution in the last two decades owing to several policy and regulatory measures.
Warming Up to the Idea
Besides being a zero carbon emitting source of energy, costs of geothermal has significantly reduced over the years, making it an available option for India - one that the government too is contemplating.
Cleaner and greener tomorrow
A cleaner environment, less pollutant energy, a sustainable living model are some of the ambitious target set by the government at the centre. This is both applicable for the industry and for the people of the country.
Renewables 2016 | Global Status Report
The world now adds more renewable power capacity annually than it adds (net) capacity from all fossil fuels combined. Wind and solar PV had record additions for the second consecutive year, while hydro power represented most of the remainder.
India´s ´Power for All´ initiative and focus on reducing carbon footprint have put pressure on the need for safe, green energy that can be produced on a large and sustainable scale; and it is here where nuclear power races ahead of its competitors.
Change, adapt & innovate
India´s power sector is at an inflection point, given the government´s conviction that electricity is a critical enabler for economic growth. Distribution sector in particular, is in the focus with new generation of reforms initiated by the government.
Energy Demand Growth | India vs China
China and India, together, have made the largest contribution to the global incremental energy demand for last several years and they are expected to do the same for next several years.
The 2015 edition of BP´s Energy Outlook projected India´s energy production rising by 117 per cent to 2035, while consumption grows by 128 per cent. The country´s energy mix is projected to evolve very slowly over the next 22 years with fossil fuels accounting for 87 per cent of demand in 2035, compared with a global average of 81 per cent (down from 92 per cent now).
India needs to modernise its existing plants
As per GoI estimates, coal will continue to be the mainstay of power generation in India for the next decade. Efficient technologies like supercritical technology can play an advanced role in balancing between providing access to power to all its citizens with the need for emission control.
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