With the technological developments in solar power and financial engineering, its tariff is expected to come down to about Rs 5.50 per unit, close to the new thermal power tariff, according to A.K. Kutty, former Chairman and Managing Director of AP Transco.
Therefore, it is high time for the State Government, power utilities, industrialists and all the stakeholders to take steps to develop solar power.
Delivering the keynote address at the two-day national conference on ‘Strategies for Energy Security’ organised by the Institute of Engineers India (IEI), he said given the limitations in tapping energy from conventional sources it would be good to tap solar power.
With a generation capacity of about 16,434 MW, the State has per capita power consumption of about 1019 kilowatt hour a year, an index of economic growth. This is above the national average of 879 kWh.
Kutty said the ‘Integrated Energy Policy Report’ of the Planning Commission projected that by 2031-32 India would require a generation capacity of about 9,00,000 MW to 12,00,000 MW. This implies that the country requires additional generation capacity of about 7,00,000 to 10,00,000 MW by 2032. The country needs to add four times the existing capacity in the next 20 years or so.
Germany, which receives just 50 per cent of the sunshine that India receives, has already installed over 32,000 MW of solar power, whereas India, called as the ‘Sun Belt of the World,’ has only 1,700 MW, he said.