In order to maintain the sustainable growth rate of 9% in the forth coming time, the power demand in India is about to increases 5 to 6 folds. However, in the past 5 years in fact, while the GDP growth rate of India has been above 6.5%, the power output has seen a rise of only 3.8%, which has caused a serious power shortage.
Expectedly, India will require about 100,000 MW of power in the next five years to satisfy the power demand.
India is now holding approximately 6.8% of the world’s coal output. This is the main raw material which produces up to 55% of the commercial energy resource of the country. Meanwhile, natural heating gas is also emerging as an important energy resource in the 21st century in India. Therefore, the country is gathering invested capital and high technology to exploit heating gas in deep-water areas in Began Gulf.
In the situation of which nuclear power production is still depending on new technologies, solar energy serves as a great potential that can partially meet the energy demand in Indian economy. The nuclear power output of this country is merely 2- 3% whereas the solar energy resource can be up to 500,000 billion kWh annually. Besides, India is also capable of exploiting hydropower energy resource estimatedly to 135,007 MW.
Furthermore, ethanol is another choice for India so that the country can develop alternative energy resource.
Mai Phuong