Re: India's Power Sector
Posted: 20 Oct 2021 07:44
Thermal power in India is mostly from coal, and less on natural gas at this time. So Forex outflow is limited. RES, as predicted, is picking up peak power demand and not baseload. Energy from both sources are increasing, but RES is representing a smaller percentage of India's energy production despite great headline claims of nameplate power capacity. Thermal has increased from nearly 65% of India energy production to over 70% and will remain so for this decade. Cheap reliable energy for power and cooking to improve per capita GDP is the government's priority which will help reduce pollution, despite all the climate change hype that is being stated.
Coal is produced in India and it has 10% of the world's reserves. India also imports coal, but it is not for just power. Coal is used by the steel industry and for cement production. In 2021, India has imported less coal from previous years and domestic coal production is ramping up. India's coal import dropped in August despite higher fuel demand from power sector
The NDA government in the last 5 years has increased domestic coal production by 12%. This fiscal year of FY21 has seen a slight decrease due to covid, but for CY21, coal production should increase over 6% from the previous year to over 820 MT. The target, as the Ministry of Coal has stated for 2021-22 is 918 MT - over 30% coal production increase in 5 years! https://coal.nic.in/major-statistics/pr ... d-supplies
As the Ministry of Coal states, "Coal - Indian Energy Choice"
Coal is produced in India and it has 10% of the world's reserves. India also imports coal, but it is not for just power. Coal is used by the steel industry and for cement production. In 2021, India has imported less coal from previous years and domestic coal production is ramping up. India's coal import dropped in August despite higher fuel demand from power sector
The NDA government in the last 5 years has increased domestic coal production by 12%. This fiscal year of FY21 has seen a slight decrease due to covid, but for CY21, coal production should increase over 6% from the previous year to over 820 MT. The target, as the Ministry of Coal has stated for 2021-22 is 918 MT - over 30% coal production increase in 5 years! https://coal.nic.in/major-statistics/pr ... d-supplies
As the Ministry of Coal states, "Coal - Indian Energy Choice"