June 10, 2020 Read More →

Reliable, safe electricity key to lifting Indian economy

T&D India:

The state of India’s electricity infrastructure, both existing and planned, is a challenging one. With a swiftly growing population, often tightly packed into neighbouring suburbs, coupled with ongoing electrification to improve quality of life, the pressure on India’s grid mounts daily.

IEEFA expect India’s grid to require US$60-80bn over the next five years to service increasing demand and upgrades (1). Around the same investment again will be pumped into renewable generation to add 80GW of solar and wind by 2022.

Transport Minister, Nitin Gadkari, has set out ambitious targets for the electrification of India’s transport with proposals outlining that all two-wheelers be electric by 2025 – over 21 million were sold in the 2018-19 financial year alone. And the minister has set out similar plans for 30 per cent of cars to be electric too. 

Electrification, decarbonisation and the necessary grid upgrades to support these initiatives, present an opportunity for India to create a lasting legacy that could service the country for wll over 50 years, if the right choices are made.

And that is the crux of the issue. 

[Steve Jones]

More: Is India Turning The Corner On Procurement With Safety In Mind?

Posted in: IEEFA In the News

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