In 10 years, half of India’s energy capacity will be from non-fossil fuel sources

In 10 years, half of India’s energy capacity will be from non-fossil fuel sources

Non-fossil fuels — renewables, nuclear and large hydroelectric power plants — will account for more than half (56.5 per cent) of India’s installed power capacity by 2027, according to a draft of the third National Electricity Plan (NEP3).

The draft notes that if India achieves its target to install 175 GW of renewable energy capacity by 2022 — as committed under the 2015 Paris Agreement — it will not need to install, at least until 2027, any more coal-fired capacity than the 50 GW currently under construction.

The Ministry of Power produces a National Electricity Plan every five years, in which it reviews the progress made over the previous five years, and sets out a detailed action plan for the next 10 with the overarching aim of achieving universal access to electricity and ensuring that power is supplied efficiently and at reasonable prices.  Read More…

 

Credit By: The Economic Times

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