In the wake of growing concerns over global warming, the Indian government is all determined to generate 20,000 MW of solar power capacity by 2020. The plan currently being formulated, assures that solar power will be cost-efficient by 2020.
Currently, the cost of electricity generated from solar photovoltaics is around Rs 15/kwh while coal-based electricity costs a meager Rs 4/kwh. According to the experts, this cost gap will be covered, because in the future the price of solar power costs will drastically decrease from Rs 150/watt now to Rs 30/watt by 2020. And moreover, increase in demand for fossil fuels in future will only lead to increase in its costs.
In the new world order, both India, and China, are emerging as the economic powerhouse. So naturally, the demand for coal, oil and gas will be all time high in both these countries. According to a report, India’s dependence on imported oil will be exceeding by 90 percent by 2030. The demand for coal will predictably will be billion tonnes by 2030. Moreover, much of the coal reserves fall in the protected forest areas, so mining in the areas is next to impossible.
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