Friday, 20 August 2010

Today India celebrates Rajiv Gandhi Renewable Energy Day

This event has been held every 20 August since 2004 to raise public awareness about the use of new and renewable energy sources and their applications in daily life. On the first occasion of Rajiv Gandhi Renewable Energy Day, a commemorative stamp (see inset) was released by the then Prime Minister.
Mankind is using up energy resources of mother earth in a way no other animal has ever done. The largest contributions to current energy sources in the world come from oil (31%), coal (26%) and natural gas (19%). At the present rate of consumption, oil reserves will last for 40 years, gas reserves will last for 60 years, coal reserves will last for 125 years and uranium reserves will last for 1000 years.

India has 17% of the world’s population, but only about 0.8% of the world’s known oil and natural gas sources. Our per capita coal reserves are much below Russia, USA and China. Based on the progress visualized for the nation during the next two decades, the power generating capacity has to increase to 4, 00, 000 MW by the year 2030 from the current 1,30, 000 MW in India. This takes into consideration of energy economics planned and the design and production of energy efficient equipments and systems. 

New and emerging technologies like hydrogen energy, fuel cells, biofuels, electric & hybrid electric vehicles, geo-thermal energy and tidal energy hold major promise for mitigating the energy crisis in the country, especially for power generation and transportation as such to achieve energy independence. These are renewable and do not get depleted with use like fossil fuels. Innovation in technology, development and applications has to drive the renewable energy (Green Power) marketplace.

Over 1.64 billion people world across lack access to electricity. For those people, who cannot be provided with electricity by extending the grid their hope rests in innovation and as such the emerging technologies? Presently installed generation capacity of renewable energy is 13,730 MW from various sources which is approximately 8% of total installed capacity in the country and contributing to around 3% of total national electricity generation. The stupendous growth stimulates enhanced energy requirements.


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