For the first time, coal's share in India's total electricity capacity fell below 50%: CEEW Study | Current Affairs | Vision IAS
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    For the first time, coal's share in India's total electricity capacity fell below 50%: CEEW Study

    Posted 03 May 2024

    2 min read

    • Key highlights: In 2024: 
      • Installed capacity: India achieved a total installed capacity of 442 gigawatts or GW (refer to the infographics) 
      • Generation capacity: Net power generation capacity of 25.9 GW was added of which 71.3% was contributed by RE (this capacity addition dominated by solar energy). 
      • Coal capacity addition: Despite declines in share, the net coal capacity addition increased four times as compared to FY23.
      • Reduction in Disoms dues: Legacy dues of discoms to generating companies reduced to Rs 49,451 crore (Rs 91,061 crore in FY23).
      • EV adoption: EV sales grew by around 45% (compared to FY23).

     

    • Policy initiatives for pushing RE adoption 
      • PM Surya Ghar Muft Bijli Yojana (2024):  A target of installing rooftop solar systems on one crore households has been set.
      • Competitive bidding: Guidelines for the tariff-based competitive bidding process for power procurement of wind-solar, solar and wind projects were revised.
      • Incentive scheme for green ammonia production: Launched by MNRE to boost the production of Green Ammonia in India. 
      • Hydrogen hub: Budgetary outlay for the scheme is INR 200 crore for the development of core infrastructure.
    • Tags :
    • Electric Vehicles
    • Energy Mix
    • Share of RE
    • clean energy
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