Power Sector: Overview
Government of India’s Vision & Mission
India has the fifth largest power generation portfolio worldwide with a power generation capacity of 304.76 GW. Economic growth, increasing prosperity, a growing rate of urbanisation and rising per capita energy consumption has led to increased demand for energy in the country.
- The target of National Solar Mission has been up-scaled to 100 GW from 20 GW of grid connected solar power by 2022, which creates a positive environment among investors keen to tap into India’s renewable energy potential.
- The Government wants to put in place 60,000MW of wind power capacity by 2022.
- Solar Park Scheme for setting up of over 50 Solar Parks and Ultra Mega Solar Power Projects targeting over 40,000 MW of solar power projects.
- Scheme for setting up 1000 MW of Grid-Connected Solar PV Power Projects by Central Public Sector Undertakings (CPSUs) and Government of India organisations with Viability Gap Funding (VGF).
- Scheme for setting up 300 MW of Grid-Connected Solar PV Power Projects by Defence Establishments and Para Military Forces with VGF.
- Pilot-cum-demonstration projects for development of grid connected solar PV power plants on canal banks and canal tops.
- Installation of Grid Connected Solar Rooftop Power Plants.
- Telangana is set to cross the 5000 MW solar power generation capacity by 2019, more than the 1300 MW installed capacity at present. The state adopted a distributed development model which is supported by the Centre. Under this system, solar project developers are offered opportunity to develop units based on the demand-supply situation with minimal operational losses.
- The renewable energy capacity of the state expected to touch 3000 MW by the end of 2017 as projects which have been tendered and are under execution, are expected to be commissioned as per schedule.
- By touching 3000 MW-mark, the state will also cross another milestone of achieving over 15% of total energy contribution from renewable energy sector.
- Unlike other states, Telangana has not opted for mega solar parks but has planned for a decentralised model wherein it assesses the extra demand in different parts of the state and floats tenders accordingly.