India on roll to be a solar energy super power

India’s has an installed power generation capacity of 162,366 MW in June 2010. With energy consumption per capita at 612 kWh, the share of renewable energy in the mix is close to 11%. According to a survey conducted by KPMG, consumption of electricity in India is set to double in the next ten years, from 600 TW hours per annum now, to 1200 TW hours in 2020.

The Central Electricity Authority states India’s peak-hour deficit for electricity at a staggering 13.3% in the current year from 11.9% in 2008-09. Although plans for additional 241,000 MW generation is in the coming decade is on the anvil but will highly unlikely bridge the demand supply gap. According to Research Analyst at RNCOS, “India’s GDP has been growing by around 8-9% per annum for past several years, thus creating enormous demand for energy. However, the demand-availability deficit continues to be one of the major areas of concern for the power industry, which is bothering the economy’s competitiveness. Electricity theft and inefficiencies in power transmission and distribution systems are other major concerns.

India on roll to be a solar energy super power | Tomorrow is greener