India’s electricity-sector transformation
India’s seven horses of energy’ electricity sector transformation is gathering pace, with far-reaching ramifications for renewable energy development and the structural decline of seaborne thermal coal, according to a new report released by the Institute for Energy Economics and Financial Analysis (IEEFA) and Indian energy analysis firm, Equitorials. The report – India’s Electricity Sector Transformation – states the Indian Government is on track to achieve its goals of doubling domestic coal production, modernising the electricity grid and installing 175GW of renewable energy, underpinning sustained economic growth in India of 6-8% pa.