Indian power sector is undergoing a significant change |
energy installed capacity totaled 42.6 GW and 37.4 GW, |
that has redefined the industry outlook. Sustained |
respectively. At 5.8 GW, nuclear energy capacity |
economic growth continues to drive electricity demand in |
remained broadly constant compared with the previous |
India. The Government of India’ s focus on attaining |
year. India ' s rooftop solar capacity addition grew 66 per |
‘ Power For All’ has accelerated capacity addition in the |
cent from last year to reach 525 Mega Watts( MW), and |
country. At the same time, the competitive intensity is |
has the potential to grow up to 6.5 giga watts( GW) 1. |
increasing at both the market and supply sides( fuel, |
India’ s wind power capacity, installed in FY2016, is |
logistics, finances, and manpower). |
estimated to increase 20 per cent over last year to 2,800 |
The Planning Commission’ s 12th Five-Year Plan estimates |
Mega Watt( MW) 2, led by favourable policy support that |
total domestic energy production to reach 669.6 million |
has encouraged both independent power producers( IPP) |
tonnes of oil equivalent( MTOE) by 2016 – 17 and 844 |
and non-IPPs. |
MTOE by 2021 – 22. By 2030 – 35, energy demand in India |
India’ s wind energy market is expected to attract |
is projected to be the highest among all countries |
investments totaling Rs 1,00,000 crore( US $ 15.7 billion) |
according to the 2014 energy outlook report by British oil |
by 2020, and wind power capacity is estimated to almost |
giant, BP. |
double by 2020 from over 23,000 MW in June 2015, with |
As of November 2015, total thermal installed capacity |
an addition of about 4,000 MW per annum in the next |
stood at 196.2 gigawatt( GW), while hydro and renewable |
five years. |
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SunEdison, world’ s largest renewable energy |
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The Dilip Shanghvi family, founders of Sun Pharma, |
company, plans to continue its focus on‘ Make in |
acquired 23 per cent stake in Suzlon Energy, with a |
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India’ by further reducing the cost of renewable |
preferential issue of fresh equity for Rs 1,800 crore |
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energy and developing over 15 gigawatts( GW) of |
( US $ 284.8 million). |
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wind and solar projects in the country by 2022. |
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Reliance Power Ltd signed an accord with the |
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ThyssenKrupp India, the Indian arm of the German |
Government of Rajasthan for developing 6,000 MW of |
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engineering conglomerate, plans to make high-grade |
solar power projects in the state over the next 10 |
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environment-friendly boilers which use less fuel, for |
years. |
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the Indian power sector by collaborating with a |
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Hilliard Energy plans to invest Rs 3,600 crore( US $ |
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foreign company. |
600 million) in Ananthapur district of Andhra Pradesh |
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Aditya Birla Group has announced a partnership with |
in the solar and wind power sector for the generation |
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the Abraaj Group, a leading investor in global growth |
of 650 MW of power. |
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markets, to build a large-scale renewable energy |
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Solar technology provider SunEdison signed a |
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platform that will develop utility-scale solar power |
definitive agreement to acquire Continuum Wind |
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plants in India. |
Energy, Singapore, with assets in India. The company, |
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Sterlite Grid, India’ s largest private operator of |
headquartered in Belmont, California, would take over |
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transmission systems, is joining hands with US major |
242 MW of operating wind assets that Continuum |
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— Burn & McDonnell for its Rs 3,000-crore( US $ 462.5 |
owns and operates in Maharashtra and Gujarat as |
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million) power transmission project in the Kashmir |
well as 170 MW of assets under construction. |
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valley. |
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Japanese internet and telecommunications giant |
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Inox Wind Ltd, a subsidiary of Gujarat |
SoftBank, along with Bharti Enterprises( of Sunil |
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Fluorochemicals, a wind energy solutions provider, |
Mittal) and Taiwanese manufacturing giant Foxconn, |
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plans to double its manufacturing capacity to 1,600 |
plan to invest US $ 20 billion in solar energy projects |
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MW at a total investment of Rs 200 crore( US $ 31.6 |
in India. |
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million) by the end of the next financial year. |