Ranking sixth in the world in terms of energy demands, India accounts for 3.5% of the world commercial energy demands. The projected GDP growth is 8% and the energy demand is expected to grow at 5.2%. The projected requirement of commercial energy is estimated at 412 million tons of oil equivalent by the end of Tenth Five Year Plan, which works out to an annual growth of 6.6%. While the current share of renewable energy accounts for only 6% of the total installed capacity, the renewable energy will produce 8000MW by the end of March 2008. With depletion in conventional energy sources and high cost of nuclear and petroleum sources, the only way to meet the increasing demand is tapping renewable energy sources like solar, wind and biomass, which can provide a cheap source of energy to the rural masses.
India
ranks sixth in the world in terms of energy demands accounting
for 3.5% of the world commercial energy demands. With a
projected GDP growth of 8%, the energy demand is expected
to grow at 5.2%. At 479 kilogram of oil equivalent, the
per capita energy consumption is also very low when compared
to some of the developing countries.
The
recent sustained growth of GDP in India also necessitates
increased energy requirements from all sectors like agricultural,
manufacturing and service sectors. Economic growth calls
for huge capacity expansions in the energy sector of the
country. The objective of such expansions will have to give
due weightage to the availability of natural fossil resources
without adversely affecting the environment, climatic conditions
and wild life.The
Tenth Plan strategy aims at enhanced tapping of conventional
energy sources, increasing the efficiency by advanced technologies/processes,
including pollution reduction processes.
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