A power crisis is looming large on India and the country needs to immediately start planning coal-based power plants and transmission corridors to avert it, experts have cautioned. This is in stark contrast to statistics of the country’s electricity authority that showed planned capacity is enough to meet peak hour demand till 2026-27.
Adding only renewable generation capacity will add to the woes in tackling the unprecedented rise in demand due to higher industrial activity, new domestic connections and states’ resolve to improve power availability, industry experts have said.
“Not factoring incremental peak demand from revival in industrial activity, our existing capacity and pipeline can at best meet projected peak demand till FY23, post which we will start running peak deficit,” a recent report by ICICI Securities said. Read More
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