Globally,Power sector has the largest share of the energy basket. In Indian context, the power consumption in the year 2019 has been recorded as 1389 billion units, which is equivalent to 511 MTOE of energy at 1600 heat rate, against the total primary energy consumption of 817.5 MTOE. This shows that about 62.5% of primary energy is used as electric power.
During the COVID-19 Pandemic in 2020, it was only electric power and LPG which showed a growth in consumption. The contributing resources for power production in India are, Coal (53.3%), Lignite (1.7%), Natural Gas (6.6%), Diesel (0.1%), Hydro (12.2%), Nuclear Energy (1.8%) and Renewable (24.3%).
In India, growing power demand and environment considerations, including the Paris Agreement, calls for restructuring of the contributors to power such that it creates a balance between conventional energy resource- coal and the green energy resource- the renewables.
Robust Transmission Network, Energy Trading Exchange, Independent system operators (POSOCO), incentives for Renewable energy and Technological innovations are among few of the positive impetus for creating a robust power system.
To address various issues regarding power generation, distribution, trading, loss reduction, prevailing low PLF of the power plants, indiscriminate open access through DISCOM, effect of Union Budget 2021 and the likely power scenario in 2030, Resonance Energy is organizing a one day Power Conclave on 15th April 2021 on virtual platform. Download Brochure