News & Events
October 20th, 2010
NEW DELHI | Mon Oct 11, 2010 5:08am EDT
NEW DELHI (Reuters) - India aims to add about 100 gigawatts (GW) of power generation capacity by early 2017, despite conceding it would miss by 79 percent an earlier five-year target of adding 78.7 GW by March 2012.
India depends on coal for more than half the electricity consumed by its 1 billion plus population and to feed industrial and commercial demand for its economy, which is expected to grow 9.7 percent in 2010, according to the International Monetary Fund.
Thermal power is expected to account for about 70 percent of the planned 100 GW target.
With the scaled-down targets, the country's installed capacity is likely to jump to 186.94 GW from 124.57 GW as at March 31, 2007, the Planning Commission, a key advisory body for the government that sets the five year targets, said.
While India has the world's fourth-largest coal reserves, its coal imports have grown rapidly as Asia's third-largest power producer seeks to step up capacities to end blackouts.
In the year to March, 2010, India imported 73.25 million metric tons of coal.
As of April 1, 2010, India's total installed generation capacity stood at 159.40 GW.
India's coal demand was 597.5 million metric tons in the fiscal year to March, 2010. Its refineries processed 186.562 barrels per day of oil and local gas output was 47.57 billion cubic meters.
Following are the Indian energy requirement projections made in the Integrated Energy Policy document, adopted by the cabinet in 2009, based on two GDP growth scenarios of 8 percent to 9 percent.
India aims to almost triple the use of hydro power by 2032 and that of nuclear by almost six times during the same period, which could help India slow the growth of its emissions.
The country's wind and solar targets are not comparable with the rest of the energy sources. India hopes to generate 10.5 GW of wind power by 2012 and 20 GW of solar power by 2022.
The aim is to lift the contribution of "green" power sources to India's energy mix to about 20 percent by 2020. Just about 6 percent of India's total power mix now comes from renewables, and developing the sector is at the core of a national plan on climate change that does not commit to any emission targets.
(Editing by Ed Lane)
(Reporting by Nidhi Verma)