India’s cumulative installed power generation capacity is predicted to more than double from last year’s 272.8 GW to 609 GW by 2025, according to a new report.
And the study from research firm GlobalData states that while coal will continue to dominate the country’s energy mix, India’s renewable and nuclear sectors are both set to record impressive growth in the next decade.
GlobalData’s senior power analyst Chiradeep Chatterjee said says that India’s nuclear capacity is expected to increase more than sixfold, from 5.8 GW in 2014 to 35.2 GW by 2025, in a bid to reduce the country’s reliance on coal.
Chatterjee explained: “India‘s nuclear energy development strategy has been divided into three stages due to its limited reserves of uranium, which are already being used in existing reactors. The potential for generating power from uranium mined in India has been estimated at 10 GW.
“However, the country has large reserves of thorium, with the result that the transition to breeder reactors that use thorium has been proposed, through this three-stage strategy.”
GlobalData’s report also states that India’s renewable installed capacity (excluding hydropower) is expected to more than triple from 33.1 GW in 2014 to an estimated 125.9 GW by 2025.
Chatterjee said: “India has significant solar power potential, due to its geographical location near the equator, and the country has outlined clear plans for future energy production from this source.
“One example of a planned solar power project is the multi-phase Jawaharlal Nehru National Solar Mission. Launched in 2010, it set a target of 20 GW of grid-based solar power by 2022 and 2 GW of off-grid capacity for the same year.”