Infrastructure is one of the most critical components of the economic growth and welfare of nations. Power is essential for the development of robust infrastructure. The power sector in India is among the most diversified in the world. We have access to power generation sources from a wide range including traditional sources such as coal Victor Oladipo Youth Jersey , lignite, natural gas, oil Darren Collison Youth Jersey , hydro and nuclear power to new, non-conventional sources like wind, solar Reggie Miller Youth Jersey , and agricultural and biofuel. The demand for electricity in our country has risen rapidly, with an increase in population and is expected to grow further still in years to come. To meet this increasing demand, we need an addition to the existing capacity of power generation.
In 2018 Paul George Youth Jersey , India ranked fourth in the Asia Pacific region on an index that measured the overall power of 25 countries. Last year saw some significant milestones in most segments of power while uncertainty held back a few others.
Let us go over some facts about the energy sector and what trends it will witness in this year.
Market Size
The growing demand for electricity in the Indian economy has redefined the industry outlook and brought about a significant change in the power sector. The government鈥檚 focus on attaining power for all has accelerated the capacity addition in the country. This is accompanied by an increase in competitive intensity for both the market and supply sides with respect to fuel, logistics, finances Myles Turner Womens Jersey , and manpower.
The total installed capacity of power stations in India was 350.16 Gigawatt (GW) as of February 2019. This year is predicted to be one of revival and rebalancing for the power sector.
Investment Scenario
The industry has attracted an approximate US$ 14.18 billion in Foreign Direct Investment (FDI) between April 2000 and December 2018. This makes for 3.48% of the total inflow of FDI in India.
Future Roadmap
The Government intends to achieve 175 GW capacity in renewable energy by 2022. 100 GW of solar energy and 60 GW of wind power is part of this energy projection. By 2022, solar rooftops are expected to meet a target generation of 40 gigawatts through the 鈥榬ent a roof鈥?policy proposed by the Union Government. We are on the way to becoming the first country in the world to fulfil all our lighting needs by 2019 using LEDs saving a whopping Rs 40,000 crore (US$ 6.23 billion) on an annual basis.
Owing to this rapid growth Victor Oladipo Womens Jersey , the business of operations of utilities is becoming more complex. Utilities were connected to 23 million new households last year, this has given power generation companies in India the opportunity to invest in digital technologies and outsource work to private operators to manage this growth efficiently.
Total Views: 0Word Count: 447See All articles From Author Automation Testing It is a type of software testing used to execute the test case and compare the output results with the expected results. Manual Testing is performed manually with the help of human hand whereas Automation Testing is performed automatically by using test scripts or automation testing tools.
Test Automation is majorly used to automate repetitive tasks and other testing tasks which are unable to perform by manual testing. This testing will support both functional and non-functional testing.
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Content Source: Total Views: 28Word Count: 204See All articles From Author Water Pump Market Augmented Expansion to be Registered by 2025
The water pump has a variety of applications in the household as well as an industrial segment.聽The worldwide water pump market聽is driven by the fast development of urbanization and industrialization in emerging nations. The essential use for the water pump is to supply water in different industries incorporates chemical, municipal water & wastewater, energy Reggie Miller Womens Jersey , oil & gas along with different industries. Expanded investment in wastewater reusing will help the demand in the water pump market. Urbanization, production activities, and populace are the aspects for the expansion of wastewater industries as well as will have a noteworthy effect on water pump market.
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