CEA undertakes a study to develop cheapest power mix in 2030

It has also set a target of adding 175 GW of renewable energy capacity by 2022. Meanwhile, the CEA is also closely working with stakeholders in building a cost-effective power evacuation infrastructure in Leh and Ladakh region of Jammu and Kashmir.

The Central Electricity

Authority (CEA) has undertaken a study to ascertain the

cheapest power mix in 2030, its Chairman Pankaj Batra said.

"We are working on what should be the 'Ideal System

Cost' in 2030 and a report is expected in a month's time,"

Batra told PTI.

The report will try to find out the cheapest power mix

with grid stability in 2030, and would give a direction to the

power sector developers, he said.

The outcome of the study will also act as components

to the regulators in determining power tariffs.

According to estimates by the Ministry of Power, the

share of renewable energy in India's electricity mix is set to

increase to around 55 percent by 2030.

At present, renewables account for nearly 20 percent

of the total installed capacity.

India has committed to producing about 40 percent of

its installed electricity capacity from non-fossil fuel

sources by 2030. It has also set a target of adding 175 GW of

renewable energy capacity by 2022.

Meanwhile, the CEA is also closely working with

stakeholders in building a cost-effective power evacuation

infrastructure in Leh and Ladakh region of Jammu and

Kashmir.

"The region holds potential for 35,000 MW of solar

power. We need to build a cost-effective evacuation

transmission network before the solar projects are awarded

there," Batra said.

It can be executed by a combination of underground

cables and towers installed by airlifting, he said.

The Jammu and Kashmir government has already signed an

MoU with the Centre for development of two mega solar parks

with a total capacity of 7,500 MW in the Ladakh region.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)