Sustainable Sources of Energy
India Energy Congress 2013
The Indian economy is one of the fastest growing economies in the world. The current GDP of India is estimated at USD 1.847 trillion1 for 2011 and although growth is expected to slow down in 2012, medium to long term projections still attribute 8% to 9% per annum growth in GDP. The demand for energy during the 12th Five Year Plan is expected to increase as the economy grows, there is increased access and as access in rural areas expands.
Despite the promising growth witnessed in the generation capacity additions in past few years, the electricity shortage continues to impose significant constraints to India’s economic development and growth.
During the financial year 2011-12, though the total energy availability increased by 8.8% over the previous year and the peak met increased by 5.4%, the shortage conditions prevailed in the country both in terms of energy and peaking availability as shown.
During the year 2012-13, it is anticipated that there would be energy shortage of 9.3% and peak shortage of 10.6%4 respectively. Apart from analyzing the current scenario, the report identifies certain areas where the sustainable sources of energy could play an important role.