India is transforming its national electricity system by incorporating deflationary renewables.In doing so, it is improving energy security, reducing reliance on imported fossil fuels, addressing air pollution, and lowering emissions intensity.
The timing of this transformation is spot on.India’s economy is set to double by 2030. Even with improved energy efficiency and lower grid losses, an investment exceeding US$500 billion is required to deliver a near 70 per cent expansion in total electricity generation.
Clearly the challenges are huge, but so are the opportunities.To meet India’s energy needs and ensure continued economic growth, The Institute for Energy Economics and Financial Analysis (IEEFA) asserts a wider electrification programme coupled with an accelerated deployment of renewable energy capacity is needed. Read More
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