Indian Power Sector: A Role-model for the Developing World

Sometimes I feel astonished to think of the gradual yet steady transformation of our power sector that has changed our country’s status. In today’s world, a country’s power production & consumption status indicates its industrial capability. Thus, we have a lot to be proud of our power sector, which is the rarest one among all the developing countries. Just with a quick glance, we see: that – in this year only, the International Energy Agency (IEA) has made a forecast that by 2030 India will overtake the European Union as the world’s third largest energy consumer.

Also, a recent study by Research And Markets shows that India appeared to be the third-largest power generating country in the world. The total installed capacity in India increased at a remarkable pace of 7.96% during the FY 2010 – FY 2020 period. As of 31st December 2020, our country had a total installed capacity of 375.32 GW, transitioning from a power-deficit country to a country with surplus power.

Although, thermal power was the predominant type of installed capacity in India, accounting for a 62.31% share of the total installed capacity in FY 2020, we are gradually and steadily amassing our Renewable Energy (RE) sector. As per the study, RE was the second-leading energy source in India, capturing 23.51% of the total installed capacity in India in FY 2020. The Indian government’s ambitious target of installing 175 GW of renewable energy, capacity coupled with the establishment of solar parks and the solar city program has propelled the growth of clean energy in India.

Then, don’t you think that as far as the power sector is concerned, our country’s clear energy vision and consistent conversion of planning into action have truly worked, and today we are a role-model for the entire developing world?

Publisher & Editor-In-Chief

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