New Delhi, Sep7: India needs to wipe out its peak electricity demand deficit of 13 per cent and energy shortage of six per cent, if it wants to sustain her growth story, a study says. A FICCI-Crisil study, titled 'Indian Power Sector: Holistic Capacity Building', says the country's economic growth runs the risk of being derailed if urgent steps are not initiated now to overcome the deficit.
Besides, the country also need to take concerted action on building adequate capacity in manpower, material and resources, it adds. It says the country would require nearly two million trained manpower for electricity sector during the 11th and 12th plan periods. India would need to generate additional capacity of at least 1,61,000 MW of power during these plan periods, according to the Central Electricity Authority (CEA), adding it would require an investment of 95 billion dollars.
The CEA says additional capacity requirement does not include 40,000 MW, which slipped during the 10th plan.
Generation targets will require commensurate capacities in transmission and distribution (T&D), including rural electrification, as well as fuels, the study says.
The study is to be presented at the India Electricity 2008 meet, being organised by the FICCI and Power Ministry here on September 11-13.
To meet the manpower requirement, the study says the country would require creation of more Industrial Training Institutes (ITIs), other specialised training institutes and carrying out nationwide specialised training programmes for generation, T&D, including training programme on IT-enabled applications.
The country also needs to augment equipment, construction and erection capacity in the power sector, the study says.
It states that fuel will be a critical source for meeting the generation targets and, therefore, will require a holistic capacity building effort for efficient coal mining and for exploring other sources of generation, including gas-based generation, hydro and renewable energy sources.