What is the News?<\/b><\/p>\n
According to a report <\/span>prepared by EMBER<\/strong>, an independent British energy think-tank in collaboration with Bangalore-based Climate Risk Horizons<\/strong>, India does not require additional new coal capacity<\/strong> to meet expected demand growth by the financial year 2030.<\/span><\/p>\n Key Findings of the report<\/b><\/p>\n India does not require additional new coal capacity to meet expected demand growth by Financial Year(FY) 2030:\u00a0<\/b>Even if India\u2019s power demand grows 5% annually(<\/span>as per projections made by the <\/span>Central Electricity Authority<\/b>)<\/span>, demand for coal-fired generation in FY 2030 will be lower than in FY 2020 as long as India achieves its non-coal generation targets.<\/span><\/p>\n India can meet its peak demand in FY 2030 without building the \u201czombie\u201d coal plants: <\/b>The country’s peak power demand would reach 301 GW by FY 2030. <\/span>India\u2019s planned solar capacity can cover much of it. Therefore, adding new coal plants will lead to \u201czombie\u201d units.\u00a0<\/span><\/p>\n Note: Zombie units<\/strong> refer to the ones which will exist, but not be operational<\/strong>.<\/span><\/p>\n India<\/b> can free up Rs.2.5 lakh crore<\/b> in capital expenditure by not investing in \u201czombie\u201d coal projects. However, once incurred, <\/span>these wasted investments will lock DISCOMs<\/strong> (power distribution companies) and consumers into expensive contracts and impact India\u2019s Renewable Energy goals<\/strong> by adding to the system\u2019s overcapacity<\/span><\/p>\n Moreover, India can make annual savings of Rs. 43,219 cr <\/b>by investing in renewables and storage, instead of \u201czombie\u201d coal projects.\u00a0<\/span><\/p>\n Source:<\/b> This post is based on the article <\/span>\u201cNo new coal plants needed to meet 2030 demand\u201d <\/b>published in the Indian Express <\/b>on 10th September 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? According to a report prepared by EMBER, an independent British energy think-tank in collaboration with Bangalore-based Climate Risk Horizons, India does not require additional new coal capacity to meet expected demand growth by the financial year 2030. Key Findings of the report India does not require additional new coal capacity to… Continue reading \u2018No new coal plants needed to meet 2030 demand\u2019<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,1305,9],"tags":[9614,768,9612],"class_list":["post-133328","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-index-reports-bodies","category-public","tag-coal","tag-energy","tag-non-renewable-energy","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704835227},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/133328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=133328"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/133328\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=133328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=133328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=133328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}