Introduction to Topic
India is one of the developing countries & at the same times a fastest rising economy in the world. India along with the BRIC countries is considered as the back bone of the world’s economy. This attraction is partially due to the lower cost of manpower and good quality production. India is now the eleventh largest economy in the world, fourth in terms of purchasing
power. It is poised to make tremendous economic strides over the coming years, with significant
development already in the planning stages. For development of a country, infrastructure plays a vital role.
With the opening of the Indian economy in 1990, many multinational / transnational companies were eager to invest in India. India being the second largest population of the world is the largest market for foreign multinationals. For this reason development of the infrastructure was need of the hour for the economy. ENERGY development is the key aspect of infrastructure development & demand of the developing economy. Moreover, fulfilling the energy requirement of ever growing population is herculean task. The infrastructure deficit in India is immense & India is power stressed. The increasing vibrancy and flexibility of the Indian economy is not matched by the power sector.
India was heavily relied on Conventional energy resources like thermal energy. The conventional energy development mainly depends on availability of resources like oil, coal, coke etc. Even nuclear power generation depends on availability of uranium & platinum. Conventional energy generation also results in higher carbon emission & pollution. Destroying the wastes from the conventional energy generation is the major task ahead of the country. Renewable energy Resources give the best possible solution for this problem.
Renewable energy resources can be defined as the energy resources which can be replenished, as & when they are consumed e.g. solar, wind, small... [continues]
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(2009, 09). Potential Impact Study of Renewable Energy Resources on Power Transformer. StudyMode.com. Retrieved 09, 2009, from http://www.studymode.com/essays/Potential-Impact-Study-Of-Renewable-Energy-236206.html
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