In an effort to save electricity, the Indian government is taking quick steps. In just one year, 249 billion units of power were saved. Green energy’s installed capacity was 76.37 GW in March 2014, but by May 2023 it would have grown 2.27 times to 173.61 GW.
Save electricity: During the fiscal year 2021–2022, the government reduced its use of energy by 249 billion units. As a result, the bill was reduced by Rs. 1.60 lakh crore. This was stated in the BEE report, which is a product of the Ministry of Power. On Friday, the study titled “National Energy Data: Survey and Analysis 2021–22” was launched here by Union Minister for Power, New, and Renewable Energy RK Singh. According to the power ministry, NITI Aayog and the Bureau of Energy Efficiency (BEE) worked together to create the study. Statistics show that 249 billion power units have been saved. Energy savings of Rs. 1,60,721 crore have been achieved through various power conservation programs. The minister requested information after releasing the study, such as a cost comparison between cooking with gas and solar electricity.
He stated that reducing reliance on foreign energy sources is our overarching goal. This may be accomplished in two ways First, electrify the economy, then use green energy. According to BEE Director General (DG) Abhay Bakre, government incentives and subsidies, sub-regional energy consumption trends, and non-commercial energy sources like biomass will be investigated.
Let us inform you that the nation now has a total installed capacity of 416 GW, which is about twice the maximum demand for electricity. Even India sends power to its surrounding nations. rapid growth of this industry
Singh claimed that the previous nine years have seen a shift in India’s power industry that has been seen by the whole world. The entire nation is now connected to a single grid thanks to the addition of a transmission line for electricity transmission totaling 1.97 lakh circuit kilometers. 1.12 lakh MW of power may be transported across the nation using these transmission lines. Additionally, he noted that electricity distribution firms’ (discoms’) overall technical and commercial loss decreased from 22 percent in the previous fiscal year to 16.44 percent in 2021–2022. According to the Minister of New and Renewable Energy, India has seen the fastest growth rate among all major economies in the area of green energy.
Conclusion:
In only one year, the Indian government saved 249 billion units of power thanks to its tremendous efforts. By May 2023, there would be a 2.27-fold increase in installed green energy capacity, reaching 173.61 GW and saving Rs 1.60 lakh crore in energy. The Bureau of Energy Efficiency (BEE) and NITI Aayog analysis found that power conservation initiatives saved Rs 1,60,721 crore in energy expenses. The objective is to reduce imports by electrifying the economy and using green energy. India has a 416 GW installed capacity for power generation, and the nation exports electricity to its neighbors.
In the past nine years, the nation’s power industry has developed quickly, and a 1.97 lakh circuit kilometer transmission line now links the whole nation to a single grid. In the fiscal year 2021–2022, the overall technical and commercial loss of power distribution firms reduced as well to 16.44%. Among the major economies, India has had the fastest rise in the use of green energy.
