STOCK MARKET BSE NSE

India to add 50,000 MW renewable energy

Published: 31st August 2012 10:14 AM  |   Last Updated: 31st August 2012 10:15 AM   |  A+A-

India will add about 30,000 mega watts (MW) of electricity through renewal energy with significant contribution from wind energy. By the 12th Five Year Plan (2012-17) the country is expected to have total renewal energy to the tune of 50,000 MW.

“At the end of 12th Five Year Plan  2012-17 the country is expected to have total renewable energy generation capacity of 55,000 MW, joint secretary at the ministry of new and renewable energy,” Tarun Kapoor said here on Thursday. India has renewable generation capacity of about 25,000 MW, Kapoor said at a conference on the power sector organised by International Trade and Exhibitions India ltd and ITE Group Plc.

Of the projected 30,000 MW capacity addition around 15, 000 MW would be from wind power. India is also looking at offshore wind energy on lines of developed nations like the UK, Denmark, which have a sizeable contribution from wind energy to their main grid. Offshore wind energy is more ‘grid friendly’ as  the flow of wind to the turbines is regular, uninterrupted and also more reliable because uniform winds lead to less wear and tear for turbines.

According to Kapoor there are also certain issues such as financial health of power distribution companies, distribution companies and availability of transmission lines for renewable energy projects. Amid severe power shortage in the country there is increased focus on generating electricity from renewable sources like wind solar and hydro to bring down the demand supply gap.

At present India has an installed power generation capacity of little over 2 lakh MW.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp