CURRENT AFFAIRS

Detailed explanation-1: -India has a generation capacity of 173 gigawatts from non-fossil fuel sources and plans to almost triple it to 500 gigawatts by 2030. India unveiled a 2.44 trillion rupee ($29.6 billion) plan to build transmission lines to connect renewable generation, as it aims to nearly triple its clean-power capacity by 2030.

Detailed explanation-2: -3. Tariff regulation, a purely economic exercise. National electricity policy is normally formulated in consultation with and taking into account the views of the Central Electricity Regulatory Commission (CERC), Central Electricity Authority (CEA), and state governments.

Detailed explanation-3: -Headquartered in Mumbai, TATA Power is the largest private-sector Power Company in India having an operational production potential of around 10,577MW. Tata Power, along with its divisions and business ventures, has a total output capacity of 13,061 MW, including sustainable energy accounting for 32%.

Detailed explanation-4: -The national electric grid in India has an installed capacity of 410.3 GW as of 31 December 2022. Renewable power plants, which also include large hydroelectric power plants, constitute 40.7% of the total installed capacity.