New Delhi, Aug 6 (IANS) India stands committed to achieving about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030, the government has said.
At present, India has already achieved 45.5 per cent installed capacity from non-fossil fuel-based resources.
In order to reduce the dependency on coal-based thermal power plants, the government has planned to augment non-fossil fuel-based installed electricity generation capacity and the thermal capacity addition is expected to cost Rs 6,67,200 crore by 2031-32.
According to Minister of State for Power, Shripad Naik, the estimated capital cost for setting up of new coal-based thermal capacity as considered in the National Electricity Plan, is Rs 8.34 crore per MW.
“Hence, the thermal capacity addition is expected to entail an expenditure of minimum Rs 6,67,200 crore by 2031-32,” the minister informed the Rajya Sabha.
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).
As per the results, the required coal and lignite-based installed capacity would be 283 GW against the present installed capacity of 217.5 GW. The government has proposed to set up an additional minimum 80 GW coal-based capacity by 2031-32.
To achieve this objective, the government has permitted foreign direct investment (FDI) up to 100 per cent under the automatic route along with the 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.
The Ministry of Power has also issued a policy on the utilisation of biomass for power generation through co-firing in coal-based power plants. It mandates 5-7 per cent co-firing of Biomass primarily of agro residue with coal, after assessing the technical feasibility.
–IANS
na/uk
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.
