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Railways, PPAs, EVs to be growth drivers for power sector

By Swati Deshpande,

Added 10 January 2018

Reveals ASSOCHAM study

The image is for representative purpose only

Besides, cold storages in the country are mostly run with the help of off-grid power because of reliability issues.  Therefore, demand of the cold storages should be met with grid power by providing necessary infrastructure.

Similarly, Indian Railways have taken great initiative for electrification. About 50% of the Railways is presently electrified.  It is expected that the railway load is expected to exceed 3000 MW by 2021-22 from a current traction load of 2000 MW thus opening a potential of demand creation.

In view of large capacity addition of Renewable Energy sources in the country, strict enforcement of renewable purchase obligations (RPO) has become necessary.  In fact one amongst the various amendments proposed in the Electricity Act is the strict enforcement of RPO.

It would require investments in technology, grid balancing, green corridor, in peaking power. By and large, electricity is emerging as the primary source of energy as electric mobility is more efficient than mobility by petrol or diesel, the only thing required is the prices of the battery of storage systems to come down.

Combination of solar power and Electric Vehicle is the key to significantly reducing our dependence on fossil fuels and are the natural evolution of our energy infrastructure.

In addition, storage is going to be next frontier for India's clean energy push and the batteries in Electric Vehicles offer a potential solution, the paper added.

END