Coal power plants may not be needed after 2024: Report

By: |
February 14, 2017 8:38 AM

A report published on Monday by The Energy and Resources Institute (TERI) said power plants to be added after 2023-24 could be completely renewable energy-based. Reiterating the government’s draft electricity plan finding that current installed and under-construction capacity would be able to meet demand till 2026, TERI also estimated that no new investment is likely […]

Thermal powerReiterating the government’s draft electricity plan finding that current installed and under-construction capacity would be able to meet demand till 2026, TERI also estimated that no new investment is likely to be made in coal-based power generation before that. (Reuters)

A report published on Monday by The Energy and Resources Institute (TERI) said power plants to be added after 2023-24 could be completely renewable energy-based.

Reiterating the government’s draft electricity plan finding that current installed and under-construction capacity would be able to meet demand till 2026, TERI also estimated that no new investment is likely to be made in coal-based power generation before that.

The report forecasts power demand to rise to 1,692 billion units (BU) in 2022 and 3,175 BU in 2030. The country required 91.6 BU of power in December 2016. TERI also sees renewable generation capacity to be in the range of 125-175 GW in 2021-22. At the end of January, renewable generation capacity stood at 50 GW out of the total of 314.6 GW.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Maharashtra cane workers call off strike after 14% hike in wages
2Farmers selling groundnut in open market instead at MSP
3Global firms, IIM-A submit bids for making UP $1-trillion economy by 2025