BUSINESS STRATEGY Foresight of the Power Industry

Jun 18th, 2015
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The growth in electricity consumption over the past decade has been slower than the GDP‟s growth. This could be due to high growth of the services sector or it could reflect improving efficiency of electricity use.

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BUSINESS STRATEGYForesight of the Power IndustrySubmitted By: Submitted To: Ruby Jangra Prof. K.K.Jain (2009-11)Enrollment No: 09BS0001964Introduction: The growth in electricity consumption over the past decade has been slower than the GDPs growth. This could be due to high growth of the services sector or it could reflect improving efficiency of electricity use. Moreover, captive generation has also increased. However, as growth in the manufacturing sector picks up, the demand for power is also expected to increase at a faster rate. Demand will also increase along with electrification. The power generation capacity has to grow by at least 10 percent to sustain the current GDP growth of 9 percent, say industry experts. Ideally, they say, the ratio of energy generation and GDP growth should be 1:1.A World Energy Council report has indicated that 44% of Indian household does not have electricity connection at all and nearly 90% of rural habitations rely on forest woods for primary energy.The prime force of energy generation in India is through thermal generation including gas which accounts for 70% of total generation. Nuclear energy constitutes only 2.4% and 26% is through hydel power. India is highly dependent and relying on fossil fuels for power generation and it has to concentrate in the coming years to focus on non-conventional method. The government has signed the nuclear d

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