While India is making steady headway on the transmission front and the sector has witnessed commendable growth over the last few years with substantial capacity additions, the distribution or last mile connectivity is still a concern in India.
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.
Only Collective Growth is Sustainable
Let us start with the economic reform of India. After a big bang economic reform of Indian economy, Indian power sector was opened for private investment in generation, but with a license to generate. Indian power generation capacity addition growth rate was in between 24-26 per cent during 8th-10th five-year plans, with installed capacity as on March 31, 2002, 85,795 MW to 132,329 MW as on March 31, 2007 respectively.
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).
Making a splash!
India is endowed with rich hydropower potential to the tune of 148 GW (which would be able to meet a demand of 84 GW at 60 per cent load factor) which makes it one of the most important potential sources to meet the energy security needs of the country.
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