In the tenth edition of Energy Recap, an editorial newsletter by TA to track and report on major policy developments in India’s energy sector, we bring you some recent and major insights from the ongoing Monsoon Session of the Indian Parliament and more for this week (2 to 8 August 2021).
Rural average electricity supply at 22.17 hours a day, 23.36 hours in cities
According to a written reply by the Ministry of Power in Lok Sabha, the average power supply per day was 22.17 hours in rural areas and 23.36 hours in cities during June 2021.
Union Power Minister RK Singh also informed the House that under the Saubhagya scheme, as of 31st March 2021, all the states have reported 100% electrification of all the willing un-electrified households, identified before March 31, 2019.
Source: Starred Question No. 242, Lok Sabha
More than 21000 cr dues for Coal India Limited
Outstanding dues of Coal India Limited (CIL) from the power sector stood at Rs. 16,209.02 crore as on 31st March 2020 and Rs. 21619.71 crore as on 31st March 2021. Coal based electricity remains the mainstay of India’s energy basket at 53% (202.67 GW) of India’s installed power generation capacity of 383.37 GW.
The details on outstanding dues on other power companies is also given below:
Source: Starred Question No. 431, Lok Sabha
IRENA releases new study on limiting the global temperature rise
International Renewable Energy Agency (IRENA) released its study titled ‘World Energy Transitions Outlook: 1.5°C Pathway.’ The Study outlines a pathway for the global community to achieve the Paris Agreement goals and halt the pace of climate change by transforming the global energy landscape.
The report presented the options to limit global temperature rise to 1.5°C and bring CO2 emissions to net-zero by 2050, offering high-level insights on technology choices, investment needs, policy framework, and the socio-economic impacts of achieving a sustainable, resilient and inclusive energy future.
Source: International Renewable Energy Agency
IBEF releases Indian Renewable Energy Industry Analysis
India Brand Equity Foundation (IBEF) released an analysis of the Indian renewable energy sector this week. The report states that India ranks third in Ernst Young Renewable Energy Country Attractive Index. The report also highlighted that installed renewable power generation capacity has increased at a fast pace over the past few years, posting a compound annual growth rate of 17.33% between financial year (FY) 14 to financial year 20.
Power generation from renewable energy sources in India reached 127.01 billion units (BU) in FY20, revealed the analysis.
It is important to note that as of March 2021, installed renewable energy capacity stood at 94.43 GW. The country is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar.
Source: The India Brand Equity Foundation
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