Should Renewable Energy Companies In India Invest In Thermal Power?

There are many speculations about the future of thermal power plants in India and the scope of their expansion. Vindhyachal Thermal Power Station in Madhya Pradesh is the largest thermal power plant in India. 

The existing capacity of eight thermal power plants in the Financial Year 2022 was 4485 MW. It is estimated to grow to 7010 MW in the Financial Year 2023, after the addition of ten thermal power units.  

Thermal Power – The Problems 

Any comparative study of the scope of growth of the two most powerful renewable energy resources would reflect these facts. 

The road ahead of thermal power generation has been a bumpy one owing to several factors as the following. 

• Thermal power plants are facing difficulties procuring fuel and raw materials. 
• Thermal power uses combustion oil, coal, natural gas, and other materials for electricity generation. 
• The aftermath of the Covid 19 crisis has left an indelible mark on the growth and progress of thermal power generation. 
• Infrastructural inadequacies have been a massive roadblock compared to other renewable energy companies.
• Power distribution has been a problem facing thermal power plants. 

The Solutions – Is It The End Or A New Beginning 

It is too early to predict the beginning of an end to one of the most commanding energy generation resources. 

• The increasing growth of thermal power capacity in the 2018 financial year has been 222.91 GW to 236.11 in the 2022 financial year. 
• The growth prospect statistics in 2023 have been a promising 7010 MW with the commissioning of ten new thermal power plants. 
• The government of India has taken a few initiatives that will endorse and promote the growth and expansion of thermal power generation in India. 
• Almost 10% of coal imports have been allowed to ensure a steady fuel supply to the power plants. The heavy demand for power supplies has catapulted production beyond the capacity of indigenous coal resources. 
• Using coal has been one of the deterrent factors urging government promotions to solar industries in India.
• Industrial growth has increased the demand for power supplies within the country. 
• The steady growth of urbanization has broadened the scope for thermal power plants that have been in the business of power supplies for many years. 

Thermal Power Plants Vs. Solar Energy And Wind Farms 

Thermal power accounts for approximately 60% of India’s power generation capacity. However, there is a growing impetus given to solar energy companies in India. 

• It is too early to say no to thermal power plants. Revamping and incorporating newer technologies of operations are the roadmaps considered seriously by government departments. 
• Simultaneously encouragement and endorsement are provided to alternate environment-friendly energy generation resources like wind farming and solar installations across several states. 

The world needs a more dependable energy source that has less to nil emissions into the environment. Thermal power plants have remained a proven and reliable resource for electricity for many decades. 

Nevertheless, the new age of renewable energy is fast gaining the attention of a growing market. Solar power plants and the extensive wind farms in India along the peninsular coastal region have ushered in a new ray of hope for the future. 

To know more about our renewable energy projects and how to be a part of this journey you can look us up at https://alfainfraprop.com/, call us at +91 22 42429999, or email us at info@alfainfraprop.com