The energy sector is considered to be one of the most important building blocks in the development of our economy as well as a significant index for the growth of humans as a whole. For developing nations like India, there is an increased need for reliable and efficient sources of energy as they are building blocks to a more developed emergent future. In this uncertain time in the global market with reliance on one another for energy, it is vital that we grow and evolve energy so as to be resourceful, productive, cost-efficient and self-sufficient. Energy has many sources-solar, thermal, hydro, wind etc. Each and every source of energy is accompanied by its own constraints. These sources of energy need to be analysed both quantitatively as well as qualitatively so as to choose the most optimal source of energy. These forms of energy can be harnessed effectively to produce energy. The research paper aims at forecasting future energy requirements of different states and the best possible source that meets their transport and cost requirements. Operations research has thus been used to analyse these sources of energy and derive conclusions from available data.