Power deficit may reach 5.6 per cent by fiscal 2021-22 – Feedback

Country’s power deficit may rise to 5.6 per cent by fiscal 2021-22, from 2.6 per cent of peak demand in the last fiscal, on demand overtaking supply, a study said.

“Availability of reliable, affordable and sustainable electricity is an essential requirement for propelling the India growth story and all potential sources of energy will need to be tapped to meet the envisaged demand and ensure its energy security,” said the study jointly conducted by industry body Assocham and consultancy major PwC . India may require seven per cent annual growth in electricity supply to sustain annual gross domestic product growth of around 8-9 per cent, the study titled ‘Hydropower @Crossroads’ said. In order to achieve the target of 1,800 kilowatt-hour per capita consumption and electricity access for 300 million people by 2034, India will require an additional power supply capacity of 450 gigawatt while Hydropower can substantially contribute towards meeting India’s energy needs, it added.

http://economictimes.indiatimes.com/industry/energy/power/power-deficit-may-reach-5-6-per-cent-by-fiscal-2021-22-study/articleshow/52504379.cms

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