Energy Crisis in India - Problem and Solutions

As India is on the path of economic modernization and high economic growth,The major Issue confornting New Delhi is Energy Security.To Sustain the economic growth and with emphasis on green energy sources in all over the world.The only solution lies is in Renewable Energy and Judicious Use of Existing Energy Sources.

Major Issues :

1.India energy requirements are mainly fulllfilled by the coal based resources and import of petroleum products.

2.Huge loss of energy while electricity transmission.

3.High initial cost of installation for Renewable Energy Project.

4.High Domestic subsidies which distort the domestic market and  leading to misuse of precious energy.

Solution :
India is blessed with ample source of renewable energy be it wind ,hydro ,tidal  or solar energy.except Hydropower project which requries impact  analysis on the ecology,rest can be easy setup.
If the renewable energy projects are promoted on large scale then the Initial cost of setup will be automatically reduced with the push towards technological development and due to the increased competition.
A National Power Grid which will connect all the regional grids need to be compeleted on an urgent basis.
Smart Grid could be used which will reduce the transmission loss and will also increase the revenue of the government with effective delivery and efficient billing mechanism.
In India the highly subsidied electricity and controlled priced diesel led to misuse of the electricity but the domestic subsidies reduction need to be accompanied by increased production and reforms in power sector.