The chairman of Hindustan Power, Ratul Puri, says that the severe heat this year has resulted in a significant energy shortage, particularly because coal is the primary source. Which has had a detrimental impact on how soon the economy can recover from the pandemic. According to the India Meteorological Department (IMD), the number of heatwave days in India has increased from 413 days between 1981 and 1990 to 600 days between the decade 2011 and 2020.
Reports state that in April, when much of the country was suffering from a heatwave. The maximum all-Indian electricity demand reached a record high of 201 gigawatts. India’s energy demands are expected to increase more than those of any other country in the next two decades due to its population of more than 1.3 billion, according to the International Energy Agency.
Thermal power plants in India provide over 70% of the country’s electricity. India is the second-largest coal importer after China. Coal supplies are at their lowest since November 2017, according to statistics from the Central Electricity Authority. The utilities industry has been fighting for coal supplies that are far insufficient to meet demand. In April, India fell 7.6 percent short of its domestic coal supply targets for utilities, owing to a paucity of delivery trains.
Because of the crisis, energy security has become a prominent concern. Despite increased pressure to embrace renewable energy. The developing world continues to rely on coal due to its abundance as a resource and relative cost when compared to alternative energy sources. Six of the world’s top 10 coal consumers are located in Asia-Pacific.
Rapidly rising energy consumption is a strong indicator of a growing economy. To tackle the problem, we need enough energy to meet our demands. Renewable energy to decrease global warming, and an increase in the storage capacity of the grid network. The current problem highlights how swiftly we must move to improve renewable energy routes and prevent an energy catastrophe that threatens the economy’s momentum.
Eco-friendly alternatives must be adopted.
Acquisitions of renewable energy projects in India grew by 300 percent in the preceding two years. From $1.5 billion in 2020 to $6 billion in the first ten months of 2021, illustrating investors’ eagerness to go green. Despite the pandemic, India demonstrated exceptional foresight by speeding up steady development and reaching the 100GW target for developed renewable energy capacity. In 2021, the center launched the National Hydrogen Mission to research green hydrogen.
Due to the difficulties of intermittent renewable energy sources and the possibility of increasing extreme weather occurrences. Grid resilience necessitates a considerable quantity of power reserves. Wind and solar power each account for roughly 8% of total electricity production, with hydropower accounting for around 11%. Transmission networks and grid flexibility will both grow in importance as the proportion of renewable energy sources increases.
Ratul Puri thinks Rehabilitation of coal-dependent communities must be considered while moving to renewable energy. Especially in the coal belt states of Jharkhand, Chhattisgarh, and Odisha. The good news is that, according to a study conducted by CEEW. The transition to green energy provides hope since it promotes both economic and climatic goals.