Solar Power Development
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ITPL intends to aggressively foray in the field of renewable power generation and set up Concentrated Solar Power Plants either as standalone units or as hybrid power plants which will supplement the energy produced in existing thermal or gas based power plants. We are evaluating various proposals with leading international operators and shall launch operations shortly with them in India.
Currently power produced from renewable sources in India is 7-8% of the total production. Limited fossil fuel and foreign exchange availability together with climate change concerns have emphasized the need for sustainable energy supply options that use renewable energies. Solar thermal power generation systems also known as Solar Thermal Electricity (STE) generating systems are emerging reliable renewable energy technologies and can be developed as viable option for electricity generation in future. |
The Government of India is actively promoting Solar Energy and has in announced the National Solar Mission which envisages 20,000 MW of Solar Power generation by 2020, 100,000 MW by 2030 and 200,000 MW by 2050. The Government plans to mandate installation of solar power generation capacity of at least 5 percent of the total installed capacity of upcoming power plants based on oil, gas and coal. Further, vacant land available in existing power plants would be used for setting up solar power units. The government is also providing incentives in the form of feed-in tariffs, tax holidays etc.
India, located in the Tropical belt, receives abundant radiant energy from the sun. The India Meteorological Department maintains a nationwide network of radiation stations, which measure solar radiation and the daily duration of sunshine. In most parts of India, clear sunny weather is experienced 250 to 300 days a year. The annual global radiation varies from 1600 to 2200 kWh/m2, which is comparable with radiation received in the tropical and sub-tropical regions. The equivalent energy potential is about 6,000 million GWh of energy per year. Although the highest annual global radiation is received in Rajasthan, northern Gujarat and parts of Ladakh region, parts of Andhra Pradesh, Maharashtra, Madhya Pradesh also receive fairly large amount of radiation as compared to many parts of the world especially Japan, Europe and the US where development and deployment of solar technologies is maximum.
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