India Development News & Foreign Investment Opportunities

India has 344-GW generating capacity

PM reviews energy projects

0

PM reviews energy projects

The Prime Minister, Narendra Modi (centre in white) reviewing the projects.

 

 

The installed power generation capacity in India has risen to 344 GigaWatts, narrowing the energy deficit to one per cent in 2018 from 4% in 2014.

India’s energy deficit, which stood at over 4 per cent in 2014, has shrunk to less than 1 per cent in 2018.

Significant capacity additions have been made in transmission lines, transformer capacity, and inter-regional transmission, according to update for Prime Minister Narendra Modi review projects on 8 Aug 2018.

India now ranks 26th in the World Bank’s “Ease of Getting Electricity” Index, up from 99th in 2014.

In the new and renewable energy sector, cumulative installed capacity has nearly doubled, from 35.5 GigaWatts in 2013-14, to about 70 GigaWatts in 2017-18.

In solar energy, installed capacity has increased from 2.6 GigaWatts to 22 GigaWatts in the same period.

Reviewing the update, officials expressed confidence that India is on track to comfortably achieve the Prime Minister’s target of 175 GigaWatts renewable energy capacity by 2022.

Modi has urged the officials to work towards ensuring that the benefits from increase in solar energy capacity, reach the farmers, through appropriate interventions such as solar pumps, and user-friendly solar cooking solutions. fiinews.com

Leave A Reply

Your email address will not be published.