Electricity generation

UJALA scheme: Over 36 crore LED bulbs distributed, saving India Rs. 19,153 crore annually

More than 36 crore LED bulbs have been distributed across India over the past decade under the UJALA scheme, leading to annual savings of Rs 19,153 crore, the Ministry of Power said in a press release on Monday. Launched on January 5, 2015, by Prime Minister Narendra Modi, the UJALA scheme aims to provide affordable energy-efficient LED bulbs, tube lights, and fans to households using traditional lighting systems that consume more electricity and lead to high energy bills. According to the min...

September 28, 2024 5:23 PM

Fossil fuel dominance in electricity generation to end by 2030, renewable to cross 50% share: RBI

The Reserve Bank of India (RBI) has projected that the dominance of fossil fuels in electricity generation will conclude by the end of the decade, according to its latest report. The central bank forecasts that renewable energy is set to account for more than 50% of global electricity generation as part of a significant energy transition. The report highlights an acceleration in the transition to clean energy, noting a surge in the deployment of clean technologies and capital investment to unpr...