India Expected to Remain Dependent on Coal till 2023, According to enincon Comprehensive Research Report Published at MarketPublishers.com
27 Mar 2017 • by Natalie Aster
LONDON – Nowadays, India’s installed capacity reaches 315 GW. The major share of the country’s installed power capacity belongs to thermal power plants functioning on coal, which accounts for sufficing the base load of the country.
Though, globally there is an increasing trend of gradual shift away from polluting source of coal-based electricity generation, India (which is one of the most rapidly growing economies worldwide) still will not be able to completely strip of these capacities.
India’s economy is likely to grow by nearly 7% through 2030, meantime the need of uptake in the country’s infrastructural development shall also be of the same order. Therefore, despite India’s commitment to reduce carbon influx, the country has to remain dependent on coal up till 2030 for meeting of its consistent base load.
In the wake of India’s ongoing shift from thermal to renewable energy sources, the transcend also witnessed in terms of investments in the thermal and renewable sectors, respectively.
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