In a recent webinar, the Prime Minister of India stated that in recent years, India has added 139 Giga Watts capacity and reached the goal of one nation-one grid-one frequency. He added that reforms like the UDAY scheme were undertaken to improve financial and operational efficiencies. He further added that India has become a power surplus country from a power deficit one. The idea of One Nation, One Grid has been making rounds in the news for the last few years. However, the idea is not new to us. To reach the ambitious goal of India becoming a nation using renewable energy sources for most of its needs, the idea of One Nation, One Grid is vital. The energy sector plays a crucial role in the progress of the country and influences both ease of living and ease of doing business. To fulfil the goals, the nation needs to have last-mile connectivity and One Nation, One Grid is a step forward in this direction.
India is anticipated to be the biggest contributor to the renewables boom in 2021, with the country’s annual growth in renewables doubling from 2020. Recently, the Prime Minister of India mentioned about having huge renewable energy deployment plans for India for the next 10 years which are likely to create business opportunities of around $20 billion a year.
In a bid to move towards the market-based gas economy, series of measures were recently taken by the Indian government, including the approval of the Natural Gas Marketing Reforms and the launching of India’s first gas exchange. Though well-intended, these measures fail to cover the majority of gas producers, leading to lesser investments for the development of this sector. Measures need to be taken by the government to address these issues to increase demand for domestic gas and reduce import dependence.
With a population of close to 1.4 billion and a fast-growing economy with enormous potential to grow, India’s energy mix in future years will be critical for the climate action targets of the world and India itself. India is already the third-largest energy-consuming economy after China and the United States. In this backdrop, India’s solar energy targets are discussed widely for its ambitious targets, the strategy to achieve it, and the gap between current status and required efforts. The debate came to the fore once again when the Prime Minister in recently Inaugurated a 750 MW solar project in Rewa district Madhya Pradesh.
The hazardous effects of pollutants from conventional fuel vehicles have caused the scientific world to move towards environmentally friendly energy sources. Though we have various renewable energy sources, the perfect one to use as an energy source for vehicles is hydrogen. Hydrogen fuel cell technology represents one of the alternative solutions for future clean energy systems. Recently, The Ministry of Road Transport and Highways has notified standards for the safety evaluation of hydrogen fuel cell-based vehicles. The move is primarily aimed at a significant push for hydrogen vehicles in the country.
According to the ministry of new and renewable energy (MNRE), India’s offshore wind energy potential is estimated to produce around …
In the UN General Assembly (UNGA), India declared that nuclear energy is crucial for meeting the challenge of climate change and suggested measures to increase its public acceptance. It has to be noted that, nuclear energy has been receiving stiff opposition and some countries even plan to phase out their nuclear power plants due to their inherent risks. Recently, India’s largest indigenously designed PHWR, KAPP-3, achieved criticality, becoming another feather to the cap of Make in India initiative.
A major fall in the international crude oil prices prompted India to get its strategic Energy reserves filled at a low cost. Recently in a tweet, the Ministry of Petroleum and Natural Gas said that India has saved Rs. 5000 crores in foreign exchange while strengthening its energy security by filling up the strategic reserves with full capacity.
Electricity is one of the most critical components of infrastructure which is essential for sustained growth of the Indian economy and welfare of the nation. Ministry of Power, in an attempt to further develop the power sector, has issued a draft proposal for amendment of the Electricity Act, 2003 in the form of the draft Electricity Act (Amendment) Bill. This is the fourth draft since 2014.