New Delhi, July 26 (IANS) The Power Ministry has estimated that the expansion required in the country’s thermal capacity to meet the growing demand for electricity will entail an expenditure of a minimum of Rs 6.67 lakh crore by 2031-32, Minister of State for Power Shripad Naik informed the Parliament on Thursday.
In order to meet the estimated electricity demand by the year 2031-32, generation planning studies have been carried out by the Central Electricity Authority (CEA), he told the Lok Sabha in a written reply.
As per the study results, it is envisaged that to meet the base load requirement of the country in 2032, the required coal and lignite-based installed capacity would be 283 GW against the present installed capacity of 217.5 GW.
Considering this, the Centre proposes to set up an additional minimum 80 GW coal-based capacity by 2031-32, Naik said.
The estimated capital cost for setting up new coal-based thermal capacity as considered in the National Electricity Plan is Rs 8.34 crore per MW (1,000 MW=1GW). The cost has been worked out at the 2021-22 price level.
To reduce the dependence on coal-based thermal power plants, the government has planned to augment non-fossil fuel-based installed electricity generation capacity.
India, in its Intended Nationally Determined Contributions (INDCs), stands committed to achieve about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. At present, it has already achieved 45.5 per cent Installed Capacity from non-fossil fuel-based resources.
To achieve this objective several steps have been taken to promote renewable energy generation in the country the Minister said. These include permitting Foreign Direct Investment (FDI) up to 100 per cent under the automatic route, waiver of Inter-State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by June 30, 2025, and declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2029-30.
Besides schemes such as the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12,000 MW CPSU Scheme Phase II have also been launched to give a big push to renewable energy, the minister added.
–IANS
sps/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
