The skies are pretty clear and forecast is also good as the sunshine and the wind is now set to be steering India to the pole position when it comes to power generation. Power! Yes, that is the keyword in the world today. It is not the money power, the political power or the muscle power, but probably the most powerful of all, the power for generating electricity and then setting things in motion – the type of power a nation generally uses in determining the progress and also the advancement as a country.
In the current century, the actual use of the so-called natural power sources, like wind as well as solar energy are all lauded and are also considered really beneficial to the environment as they generally pave the way for a place that is free of pollution. As India now plans to increase the share of the renewable energy in the total power generation capacity to 30 percent, there is a chance for us as a nation to be achieving world leadership in solar as well as wind energy.
India has also made a commitment to quickly scale up the renewable energy targets by the end of year 2030. This will also open up avenues for some really worthy transition scenario; however, awareness and the right policies are necessary to actually achieve these targeted results.
All thanks to some really good advantages, the nation will be able to actually make the best use of this transitional journey to clean energy without having to lose the sight of the avowed objectives. Some of these are equity, sustainability and growth. Therefore, we make a robust roadmap for transition, commissioning major renewable energy resources, replacing the old coal thermal plants with that of super-critical and ultra-advanced coal-fired power plants, with long term economic advantage.
This transition will be providing an opportunity to generate around 50-percent surplus energy, which will thereby attract the investment in production, 24/7 power for everyone and also ensure that there is sustainable growth and development.
In the past 50 years, India as a nation has gone on and developed 700 Mw9(e) PHWRs (Pressurized Heavy Water Reactors) that can be set up and finished in ten years. The partnerships between DAE (Dept of Atomic Energy) and the industry will help in bringing down the cost more through the advantages of the scale as well as time reduction via innovations.
An increase in the industry participation is actually the impetus that is needed for these plants to be set up in the financial sharing mode and operated by the Nuclear Power Corporation of India, necessitating the policy as well as regulation on the private participation of the nuclear power.