Thermal Power – Industry Study October 2018
A country’s economic development and the level of industrialization is dependent on the growth and progress of its core sectors one of which is power industry. A major portion of this installed capacity in power sector consists of thermal power stations mainly because of their lower gestation period, flexibility of their site selection, ease of augmentation of existing facilities and lesser investment cost required as compared to hydro stations. Despite the fact that the thermal generation results in higher costs/kWh, and it has to have major dependence on the logistics of coal supplies and problems of ash disposal, etc. it has assumed significant importance and will continue to play an important role in the power development scenario for long time to come.
The generation of thermal power revolves around three objectives: low carbon emission, low cost of production, and low transmission losses. Though, thermal power is reliable, sometimes it hampers CO2 emission targets. Other methods of power generation such as offshore wind power, solar power, hydro-electric power have low carbon emission but are not supporting continuous power supply. Hence, to fulfil the growing demand of power, thermal power will remain the major source of electricity for at least few years.
In India, electricity production has grown at CAGR of 7.03 % from year 2010 to year 2017 and has coal based thermal power installed capacity of 214.19 GW as of year 2017……
Thermal Power Industry 2018
Solar Power – Industry Study (September 2018)
India’s energy sector is one of the most critical components of infrastructure that affects the economic
growth and therefore is also one of the largest industries in India. Globalization has positively
influenced almost every sector in the country including the power sector. India being one of the fastest growing economies of the world is spurring a rapid increase in energy consumption. Electricity demand of India is expected to double over the coming decade with the key question still hovering after 70 years of Independence is whether India can manage rapid expansion of its economy with the current state of electricity in the country? Demand supply imbalance, transmission & distribution losses, low plant load factor etc have been key areas and needs to be aptly addressed to devise a sustainable model to strike the balance between economics & environment.
The trends indicate that primarily the power sector was entirely dependent on fossil fuels for power generation posing a consequential damage to the nature. However, this seems to have been realised by the country evidenced by a steady replacement of traditional sources of electricity by renewable resources.
Given the higher dependency on non-renewable resources, the steps for steady, rapid transformation shall be instrumental for achieving the desired sustainable model for the Electricity Sector of India. India has seen an evolution in energy usage with a shift from non-renewable to renewable energy sources. However, a lot remains yet to be achieved.
Indian leaders from the top down have embraced the need to transform the country’s energy industry, by setting ambitious goals to make India a world leader in the adoption and deployment of low emissions energy efficiency and renewable energy infrastructure by concentrating on wind and solar energy. To say that, ‘clean energy transition is vital’ is an understatement. India can meet its growing electricity needs by introducing competitive renewable energy-based solutions while keeping its use of fossil fuels in check and unleash the potential of solar energy in the country.
Solar energy is one of the most abundant and cleanest form of renewable energy resource on the Earth. India is endowed with abundant solar energy, which can produce about 5000 trillion KW of clean energy. If this energy is harnessed efficiently, it can easily reduce our energy deficit scenario and that too with no carbon emission. Many States in India have already recognized ….
Solar Power Industry 2018