Coal news and updates

Generation cost from alternate energy sources likely to reduce

September 24: The government expects the power generation cost from new and renewable energy to become cheaper in coming years, Dr Farooq Abdullah, Minister for New and Renewable Energy, said in a statement.

"The cost of power generation from new and renewable energy sources such as solar power/ wind power/ bio-mass etc. has come to Rs 8 per unit from Rs 18 per unit few years back. This is expected to go down further in the coming years," the minister said.

He also stressed on the importance of the new and renewable energy sources in providing energy access to almost 40% of the country's population where conventional sources of energy are more difficult to reach on account of remote and inaccessible locations.