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Future Power Planning of the Indian Government

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It has been universally agreed upon that energy is needed for economic growth, for improving the quality of life and for increasing opportunities for development. There is a strong two-way relationship between economic development and energy consumption. The growth of an economy depends on the availability of inordinate, cost-effective and environment-friendly energy sources. The level of economic growth has also been observed to be reliant on the energy demand. In recent years, industrialization and globalization are taking place at a rapid pace in India which has led to a huge demand on the national infrastructure. Thus, the massive demand for constant power takes place, but India is incapable of generating the amount of electricity required to meet the demand. Resource augmentation and growth in energy supply has not managed to keep up with increasing demand. This has led to an increased reliance on imports to meet the uninterruptable energy demand which would otherwise cripple to its economic growth. India contains a lot of exhaustible and renewable energy resources. The three main commercial energy sources in the country include coal, oil, and natural gas. Coal is by far the largest source of energy since the burning of coal accounts for almost a half of all electricity generation. Approximately one fourth of all electricity generation in India is through nuclear energy. The remaining resources hydro and gas constitute about ten percent of the total electricity output. Currently, India holds the position of the eleventh largest producer of energy, roughly amounting to 2.4% of the total energy output per annum. However, Indias primary mix of power has been periodically changing. The competitive market scenario of the Indian power industry, the importance of renewable sources of energy for power generation, the different prospects and complications faced by the industry, the significance of the role of the private players and foreign investments, the influence of the political condition, mergers with private participants, new policies and changes in regulating the Oil & Gas sector in India all these points are covered by the Report on the Indian Power Sector. The nuclear industry is considered to be an excellent alternative for future power generations due to the rising concern about pollution and global warming. Modern technological innovations and better public awareness regarding nuclear power are critical to the future success of the nuclear industry. Future power reforms are likely be focused on the field of nuclear energy.

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