+
India's Summer Gas Power Reduction
OIL & GAS

India's Summer Gas Power Reduction

India?s reliance on gas-based power is anticipated to diminish in the long run, according to a recent report by IEEFA (Institute for Energy Economics and Financial Analysis). The transition away from gas-fired electricity generation is expected to have significant implications for the country?s energy landscape. The report highlights key trends and projections regarding India?s power sector evolution, offering insights into the nation's energy transition.

In the long term, the reduced dependency on gas-based power during the summer months could be attributed to several factors. One crucial aspect is the increasing adoption of renewable energy sources such as solar and wind power. The declining costs of renewables coupled with government initiatives and targets for clean energy deployment have accelerated the transition. Additionally, advancements in energy storage technologies are enhancing the reliability and stability of renewable energy, further reducing the need for gas-fired generation.

Another factor contributing to the decline in gas-based power reliance is the growing focus on energy efficiency measures and demand-side management strategies. Industries and businesses are implementing energy-saving practices and investing in energy-efficient technologies, thereby reducing overall electricity demand.

Furthermore, the report underscores the challenges facing gas-based power generation, including supply constraints, price volatility, and environmental concerns. As India continues to prioritise sustainability and decarbonisation goals, the emphasis on cleaner alternatives to fossil fuels is expected to intensify.

Key stakeholders in the energy sector, including policymakers, investors, and utilities, need to closely monitor these developments and adapt their strategies accordingly. The transition towards a more diversified and sustainable energy mix is imperative for India to meet its energy security and climate objectives.

In conclusion, India's evolving energy landscape reflects a broader global trend towards cleaner, more resilient power systems. By reducing its reliance on gas-based power and embracing renewable energy and efficiency measures, India can foster a more sustainable and secure energy future.

India?s reliance on gas-based power is anticipated to diminish in the long run, according to a recent report by IEEFA (Institute for Energy Economics and Financial Analysis). The transition away from gas-fired electricity generation is expected to have significant implications for the country?s energy landscape. The report highlights key trends and projections regarding India?s power sector evolution, offering insights into the nation's energy transition. In the long term, the reduced dependency on gas-based power during the summer months could be attributed to several factors. One crucial aspect is the increasing adoption of renewable energy sources such as solar and wind power. The declining costs of renewables coupled with government initiatives and targets for clean energy deployment have accelerated the transition. Additionally, advancements in energy storage technologies are enhancing the reliability and stability of renewable energy, further reducing the need for gas-fired generation. Another factor contributing to the decline in gas-based power reliance is the growing focus on energy efficiency measures and demand-side management strategies. Industries and businesses are implementing energy-saving practices and investing in energy-efficient technologies, thereby reducing overall electricity demand. Furthermore, the report underscores the challenges facing gas-based power generation, including supply constraints, price volatility, and environmental concerns. As India continues to prioritise sustainability and decarbonisation goals, the emphasis on cleaner alternatives to fossil fuels is expected to intensify. Key stakeholders in the energy sector, including policymakers, investors, and utilities, need to closely monitor these developments and adapt their strategies accordingly. The transition towards a more diversified and sustainable energy mix is imperative for India to meet its energy security and climate objectives. In conclusion, India's evolving energy landscape reflects a broader global trend towards cleaner, more resilient power systems. By reducing its reliance on gas-based power and embracing renewable energy and efficiency measures, India can foster a more sustainable and secure energy future.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?