New capacity additions could all come from renewable sources like solar, wind and hydro power capacity, but that is only after 2023-24, subject to cost competitiveness and the grids ability to handle clean energy, says a TERI report.
According to the Energy and Resources Institute report released by Power Minister Piyush Goyal, new power generation capacity could be all renewables beyond 2023-24, based on cost competitiveness as well as the ability of the grid to absorb such a large amount of renewable energy together with battery-based balancing power.
The report indicates that the current installed capacity and the one coming up will be able to meet demand till about 2026, keeping India power sufficient. It estimates that no new investments are likely to be made in coal-based power generation in the years prior to that
Speaking on occasion, Goyal in a statement said: “Universal access to electricity is one of the primary aims of the government, and meeting demand is a major facet of this initiative.”Read More…