Electricity Cost Will See Sharp Drop On Renewable Energy Boom: Adani

Adani group's Chairman speaking at the TiE global conference said as there is seen a renewable energy boom, India will become the least expensive producer of renewable power and as a result marginal cost of electricity will see sharp cut.

"What makes this mix of solar, wind and storage even more transformational, is its combination with digitisation," he added. Also, he said that there shall be no limit to how many electrons a power producer will be able to pull out from a square inch of silicon.

Electricity Cost Will See Sharp Drop On Renewable Energy Boom: Adani

And as an example he mentioned the drastic fall in data prices which have declined by 95 percent and also data consumption has increased by 56 times in the past 5 years.

"Therefore, in addition to being individually disruptive, when combined, the implications of marginal cost-based renewable energy and information technology are stunning.

Therefore, I expect that inexpensive green power in combination with digital technologies - that include sensors and internet of things, artificial intelligence and machine learning, 5G and cloud infrastructure - will all converge to give us the ability to economically micro size several processes, and convert every process into a service," he said.

And for the impact due to Covid 19, he said, "The pandemic has driven home the fact that hyper-efficient supply chains are also hyper-fragile. The primary objective that drove supply chains for the last 20 years was cost. Post Covid, flexibility will be treated as equally important and allow supply chains to evolve to where they should have been in the first place - multi-sourced and a lot of localisation to support individual markets".

Adani is the largest player in power generation and distribution segment, port operations, city gas distribution and has forayed into airport operations.

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