India Is The Third-largest Producer And Second-largest Consumer Of Electricity In The World With An Installed Power Capacity Of 373.43 GW

700 million people in India gained access to electricity between 2000 and 2018

114GW of Solar Power and 67GW of Wind Power by 2022

The 190 GW energy demand of the country will double by 2040

Oil refining capacity of India stood at 249.4 million tonnes

20 GW grid-connected solar power plants to 100 GW plants installation by 2022

The government’s LED programme has substantially reduced the price of products in the global market. The LED program has helped create local manufacturing jobs to meet the demand for energy-efficient lighting. Over 353 million LED bulbs were distributed to consumers in India by Energy Efficiency Services Limited (EESL) under Unnati Jyoti by Affordable LEDs for All (UJALA) in July 08, 2019. As of April 28, 2018, 100% village electrification was achieved under Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY).

The Government of India has made impressive progress in recent years in providing its citizens with access to electricity and clean cooking. India continues to promote cleaner cooking, off-grid electrification solutions, and solar photovoltaics (PV) for cooking and charging batteries. Over 700 million people in India gained access to electricity between 2000 and 2018.

India is the world’s third-largest consumer of oil, fourth-largest oil refiner and a net exporter of refined products. As of March 1, 2020, the oil refining capacity of India stood at 249.4 million tonnes, making it the second-largest refiner in Asia.

The Indian government is planning to invest US$ 2.86 billion in oil and gas to double production and drill over 120 exploration wells by 2022. In addition, US$ 9.97 billion more have been planned for investment by the Government of India towards gas pipeline networks across the country.

The Oil Ministry plans to set up bio-CNG plants and allied infrastructure for US$ 1.10 billion to promote the use of clean fuel. A long-term roadmap defines the government’s plan to expand India’s refining capacity in line with the country’s projected demand growth through 2040. It is planning to set up around 5,000 compressed biogas (CBG) plants by 2023. The government aims to increase the share of natural gas in the country’s energy mix from 6% to 15% by 2030. Emission intensities of India’s gross domestic product (GDP) have decreased by more than 20% over the past decade. India’s per capita emissions at 1.6 tons of CO2 are well below the global average of 4.4 tons. 

The National Solar Mission (NSM) under the National Action Plan on Climate Change (NAPCC) has enhanced its initial target of installing 20 GW grid-connected solar power plants to 100 GW plants by the year 2022. More than 74 lakh solar lanterns and study lamps along with over 17 lakh home lights have been distributed under the Off-Grid and Decentralised Solar Programme.

In 2018, India’s investment in solar photovoltaic exceeded that across all fossil fuel sources of electricity generation put together. By December 2019, India had deployed a total of 84 GW of grid-connected renewable electricity capacity. In December 2019, NTPC announced an investment of US$ 7.26 billion to add 10GW to the solar energy capacity by 2022.

The “Make in India” manufacturing initiative invites global companies to produce solar photovoltaic, lithium batteries, solar charging infrastructure and other advanced technologies in India. The Ministry of new and renewable energy has invited tenders for setting up Solar photovoltaic manufacturing capacities with assured off-take of 10000 MW.

ReNew Power and real-estate giant Shapoorji Pallonji have planned to invest US$ 0.11 billion in a 150MW floating solar power project in Uttar Pradesh.

Gegadyne Energy has developed and pioneered the science of Quick Charging Battery Technology. They are experimenting with unique proprietary Nano-material composites and advanced battery architectures to enable quick charging batteries with high energy density similar to lithium-ion batteries.

The Energy Sector is at the heart of India’s growth story. While conventional energy has provided considerable momentum to the sector owing to its sheer size, India’s focus on renewables, especially solar, brings with it a promise of eventuating a paradigm shift in global energy architecture. India’s energy endeavour is certain to have far-reaching consequences in the composition of global energy infrastructure.