Green India: $2.3 trillion India plan
Green in focus in $2.3 trillion India plan
By Ratnajyoti Dutta
NEW DELHI | Wed Oct 13, 2010 2:18pm IST
(Reuters) - India will spend $2.3 trillion to boost its energy sector by 2030 by improving energy efficiency and using clean technology to help Asia's third largest economy balance growth and environmental aims.
India aims to add about 100 gigawatts (GW) of power generation capacity by early 2017, much of it from coal, despite conceding it would miss by 79 percent an earlier five-year target of adding 78.7 GW by March 2012.
India aims to almost triple the use of hydro power by 2032 and that of nuclear by almost six times during the same period, which could help India slow the growth of its emissions.
India hopes to generate 10.5 GW of wind power by 2012 and 20 GW of solar power by 2022, as part of plans to lift the contribution of "green" power sources to India's energy mix to about 20 percent by 2020. Just about 6 percent of India's total power mix now comes from renewables.
For complete article, click.