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PowerZone Light alternative With the Modi government set to double the target of the upcoming phase of JNNSM to 3,000 MW, solar is expected to emerge as India’s new prospective energy resource Power or electricity is a critical resource of peak capacity requirements which is be supported by dedicated transmission behind the development of infrastructure likely to increase in the coming years. corridors. The Central government has and directly influences a nation’s economic announced a financial package of $83 growth. Among the main achievements Growth Prospects million for four such projects this year. of the country since independence the According to the report published by Also, under the National Solar Mission, development of the power sector could be Bridge To India, India has the potential India plans to have a cumulative installed considered as significant from the point to install 145 GW of solar power capacity solar power capacity of 22 GW. The of view of generation capacity. With a across various project sizes by 2024. Ministry of New and Renewable Energy power generation capacity of only 1,362 The report states the capacity addition hopes to have 100 GW capacity installed MW in 1947 it has today emerged as the potential across four plant sizes: by 2030. sixth largest global power generator with residential rooftop (1-5 kW), industrial a capacity of 2,34,600 MW. The country’s and commercial rooftop (10-500 kW), JNNSM: GROWTH DRIVER present per capita power consumption utility-scale projects (5-50 MW) and The Modi government has set its eyes to stands at 733.54 kilowatt-hours per year ultra mega solar power projects (1-3 double the target of the upcoming phase of (kw/yr). GW). Furthermore, the levelised cost of Jawaharlal Nehru National Solar Mission However, in a country with cities bursting energy (LCOE) from solar energy is now (JNNSM) to 3,000 MW, the largest-ever at their seams with a population which at par with that of imported coal. While tender for solar power in the country. The threatens to multiply like piranhas in a the LCOE for imported coal is expected second batch of bidding under the second feeding frenzy, the demand for power is a to increase with a compounded annual phase of JNNSM hopes to achieve 10,000 major concern. Technical advancements growth rate of 12 per cent over the next MW of grid connected solar power by 2017. have today enabled the country to ten years, the LCOE for solar power is The cumulative target of the mission is to generate power from renewable sources, expected to fall with a CAGR of 4 per cent. have 20,000 MW of grid connected solar of which solar prevails as the most exciting Solar power is expected to match LCOE power by 2022. The current solar power sector. With around 300 days of sunshine of new domestic coal-fired power plants in capacity of the country is 2,600 MW. each year, India enjoys ideal conditions 2019. Furthermore, commercial, industrial Since many regions currently have for overcoming its energy deficit with the and utility-scale projects are expected to no working power grid, off-grid solar aid of solar power in the future. With much have the highest potential for capacity installations (or ‘microgrids’) play an of the country not having the support of an addition in the next ten years, according important role alongside large-scale electrical grid, solar power is expected to to industry experts. solar power plants. The growth in solar emerge as a boon, especially for water In addition, ultra mega solar power sector has been tremendous in the recent pumping, to begin replacing India's four to projects with capacities of up to 4 GW years, primarily due to the government’s five million diesel powered water pumps, have been planned by the Indian initiatives such as tax exemptions and each consuming about 3.5 kilowatt of off- government. The segment is anticipated subsidies. Due to the technical potential of grid lighting. to witness a cumulative capacity addition 5,000 trillion kWh per year and minimum Power shortages are estimated at about of up to 2 GW by 2024. Such projects are operating cost, solar power is considered 11 per cent of total energy and 15 per cent being planned across India, and will also the best suited energy source for India. NOVEMBER 2014|construction opportunities 81
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