Power minister R. K. Singh said on Tuesday that India is planning to replace retiring coal-fired power plants with renewable generating capacity in a bid to cut the nation's carbon footprint. According to the sources India is the world's second-largest coal consumer after China and the third-largest transistor of greenhouse gases. "Coal-fired plants currently account for over half its nearly 373 gigawatts (GW) power generating capacity. But with going time many of those plants are getting retired," Singh said at an industry event. "Some plants are already retired, and about 29 more plants are going to retire, and all that space will be occupied by renewable energy," he added.
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As India strives to meet 40% of its energy requirement from non-fossil fuel sources by 2030, Is now targeting 175 GW of renewable-based installed power capacity by 2022. India is currently installing annually and the functional manufacturing capacity of solar modules is around 10 GW where solar cells are only around 2.5 GW, the minister stated. India currently depends upon cheaper imports which can easily be made from China to meet the bulk of its demand for solar cells and modules.
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Where India is hoping to become self-reliant to boost its sinking economy and also wants to build coastal renewable energy equipment manufacturing hubs with the participation of private companies and power minister of India also stated some data revealing power demand of India in last month was higher than a year earlier, indicating that industry activity is rising.