+
Shifting towards cleaner and renewable energy sources
POWER & RENEWABLE ENERGY

Shifting towards cleaner and renewable energy sources

The year 2021 has seen India’s power sector move further along the path of meeting and inspiring the aspirations of our rapidly developing nation. India, therefore, has twin goals, to ensure 24x7 adequate and reliable energy access and, accelerate the clean energy transition by shifting to cleaner and renewable energy sources.

India has successfully transferred from a power deficit to a power surplus country. From 2014 to date November 2021, power generation has been added to a capacity of 160.8 GW consisting of 83,920 MW from fossil fuel and 76,900 MW from non-fossil fuel capacity making India a power surplus. The installed capacity is now close to double the peak demand and India is exporting power to Nepal, Bangladesh and Myanmar In order to achieve the second goal of 24x7 adequate energy, more adequate power generation capacity has been installed to meet the peak demand as well as a robust National Grid enabling seamless transfer of power from resource-centric regions to load-centric regions. The power in rural areas has gone up from 12:30 hours in 2015 to 21:09 hours and in the urban areas it has gone up to 23:41 hours. This has also significantly reduced consumption of kerosene from 892 crore litres in 2014-15 to 204 crore litres in 2020-21.

Additionally, the Ministry of Power (MoP) initiated multiple initiatives to improve the financial and operational performance of DISCOMs.

1. MoP launched RDSS (Revamped Distribution Sector Scheme) to provide reform- based financial assistance to DISCOMs to strengthen the supply infrastructure. RDSS has an outlay of Rs 3,03,758 Crore over 5 years i.e. FY 2021-22 to FY 2025-26.

2. MoP launched a web portal called PRAAPTI (Payment Ratification and Analysis in Power procurement for bringing Transparency in Invoicing of generators) for transparency in the monitoring of dues to GENCOs at the national level.

3. PM KUSUM Scheme aims to provide energy security to consumers. This scheme provides funding support to promote the installation of solar energy installations for the provision of electricity to Agriculture Pump-sets.

4. As part of the Aatma Nirbhar Bharat Abhiyaan, the Government of India announced the privatisation of power departments and power distribution utilities in Union Territories.

The annual Impact of energy efficiency schemes are:
1. Electrical energy savings worth Rs 95,544 crore and resulted in a reduction of 130 million tonne of CO2 emissions.
2. Thermal energy savings of 15.59 million tonnes of oil equivalent, worth Rs 28,683 crore and resulted in a reduction of 58.675 million tonne of CO2 emission.
3. Total energy savings of 29.28 million tonnes of oil equivalent, i.e., 3.15% of total primary energy supply of the country.
4. Total cost savings worth Rs 1,24,227 crore

Reference – powermin.gov.in

The year 2021 has seen India’s power sector move further along the path of meeting and inspiring the aspirations of our rapidly developing nation. India, therefore, has twin goals, to ensure 24x7 adequate and reliable energy access and, accelerate the clean energy transition by shifting to cleaner and renewable energy sources. India has successfully transferred from a power deficit to a power surplus country. From 2014 to date November 2021, power generation has been added to a capacity of 160.8 GW consisting of 83,920 MW from fossil fuel and 76,900 MW from non-fossil fuel capacity making India a power surplus. The installed capacity is now close to double the peak demand and India is exporting power to Nepal, Bangladesh and Myanmar In order to achieve the second goal of 24x7 adequate energy, more adequate power generation capacity has been installed to meet the peak demand as well as a robust National Grid enabling seamless transfer of power from resource-centric regions to load-centric regions. The power in rural areas has gone up from 12:30 hours in 2015 to 21:09 hours and in the urban areas it has gone up to 23:41 hours. This has also significantly reduced consumption of kerosene from 892 crore litres in 2014-15 to 204 crore litres in 2020-21. Additionally, the Ministry of Power (MoP) initiated multiple initiatives to improve the financial and operational performance of DISCOMs. 1. MoP launched RDSS (Revamped Distribution Sector Scheme) to provide reform- based financial assistance to DISCOMs to strengthen the supply infrastructure. RDSS has an outlay of Rs 3,03,758 Crore over 5 years i.e. FY 2021-22 to FY 2025-26. 2. MoP launched a web portal called PRAAPTI (Payment Ratification and Analysis in Power procurement for bringing Transparency in Invoicing of generators) for transparency in the monitoring of dues to GENCOs at the national level. 3. PM KUSUM Scheme aims to provide energy security to consumers. This scheme provides funding support to promote the installation of solar energy installations for the provision of electricity to Agriculture Pump-sets. 4. As part of the Aatma Nirbhar Bharat Abhiyaan, the Government of India announced the privatisation of power departments and power distribution utilities in Union Territories. The annual Impact of energy efficiency schemes are: 1. Electrical energy savings worth Rs 95,544 crore and resulted in a reduction of 130 million tonne of CO2 emissions. 2. Thermal energy savings of 15.59 million tonnes of oil equivalent, worth Rs 28,683 crore and resulted in a reduction of 58.675 million tonne of CO2 emission. 3. Total energy savings of 29.28 million tonnes of oil equivalent, i.e., 3.15% of total primary energy supply of the country. 4. Total cost savings worth Rs 1,24,227 crore Reference – powermin.gov.in

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?