India’s renewable energy programme is proceeding at such a rapid pace that its contribution to total power generation will equal that of coal in 2026 and surpass it the following year, according to projections made in the second volume of the Economic Survey released on Friday.
At present, India’s installed power capacity is 327 GW of which thermal power from coal comprises 192.16 GW or 55% of the total, while renewable energy capacity is 57.26 MW or 18% of the total. India has set itself the goal of 175 GW of renewable power capacity by 2022 and 275 GW by 2027.
But coal capacity is expected to increase by only 50 GW by 2022 and thereafter remain almost constant, as a result of which by 2027, coal-based power capacity will 248.51GW, or a shade less than that of renewables. Read More…
Credit By : The Economics Times
Latest posts by The Economic Times (see all)
- Commodity Outlook: Natural gas heads to a narrow range - July 23, 2018
- This Rs 8,000-crore Solar Scheme May Help Indian Firms Boost Manufacturing - July 23, 2018
- Oil PSUsSpend 20% Of Annual Capex In Q1 - July 23, 2018