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India has huge ambitions in energy transition and plans to have 500 GW of non-fossil based electricity installed capacity by 2030, so that non-fossil cleaner fuel comprises of 50% of the installed capacity mix by 2030.
The electricity generation target (Including RE) for the year 2023-24 has been fixed as 1750 Billion unit (BU). i.e. growth of around 7.2% over actual generation of 1624.158 BU for the previous year (2022-23). The generation during 2022-23 was 1624.158 BU as compared to 1491.859 BU generated during 2021-22, representing a growth of about 8.87%.
Electricity energy generation from Renewable Energy Sources (Solar, Wind, Hydro& Bio Power) has increased from 193.5 Bn units during 2013-14 to 306.3 Bn units during 2020-21 showing the CAGR of 6.8%.
The electricity generation target for the year 2023-24 was fixed at 1750 BU comprising of 1324.110 BU Thermal; 156.700 BU Hydro; 46.190 Nuclear; 8 BU Import from Bhutan and 215 BU RES (Excl. Large Hydro). 11,36,124.53 GWh power consumed in the country during FY 21-22.
100% FDI in the power sector in India is allowed for generation from all sources (except atomic energy), transmission and distribution of electric energy, and Power Trading under the automatic route.
49% FDI allowed in Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 2010 under automatic route.
For further details, please refer FDI Policy
Coal Installed Capacity
Total Installed Capacity
Hydro Installed Capacity
Wind, Solar & Other RE Installed Capacity
2nd largest coal producer in the world
Largest nuclear power generating site to be set in Maharashtra with capacity of 9900 MW
3rd largest producer and 3rd largest consumer of electricity in the world
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60 GW - Highest ever conventional power capacity addition in the last 3 years.
As of March 2023, India has a total thermal installed capacity of 237.2 GW of which 57.7% of the thermal power is obtained from coal and the rest from Lignite, Diesel, and Gas.
The private sector in the power industry in India generates 50.5% of the country’s power, whereas States and the Centre generate 24% and 25.4%, respectively. The Intra-State Transmission System Green Energy Corridor Phase II with total target of 10750 ckm intra-state transmission line and and 27500 MVA sub-stations was approved in Jan 2022 for evacuation of 20 GW of RE from 7 states with project cost of ~USD 1.5 Bn and 33% CFA.
Utilization of Hydro Power Potential - 42104.6 MW (29%) out of 145320 MW developed and 15023.5 MW (10.3%) is under construction. (March 2023)
Share of non-fossil fuel-based generation capacity in the total installed capacity of the Country likely to increase from 42% as of October 2022 to more than 64% by 2029-30.
Indian power sector is undergoing a significant change that has redefined the industry outlook. The power industry's future in India is bright, and sustained economic growth continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country.
- NTPC Ltd, India’s largest integrated power generator, has registered the highest-ever power generation of 400 BU in FY23, a growth of 10.80% via-a-vis previous year.
- NTPC also continued an upward trend in coal production from its captive mines with a coal production of 23.2 Million Metric Tonnes (MMT) with a robust growth of over 65% vis-à-vis the previous corresponding year. NTPC has taken several steps to augment the coal production from its coalmines. The use of high-capacity dumpers as well as an increase in the existing fleet size of excavators has allowed the operational mines to increase production.
- NTPC has set an ambitious goal of reaching half its installed capacity through RE by 2032, to serve the nation and support its decarbonisation goals. During the financial year, FY 23, the company registered a growth of 24.24% in a non-fossil portfolio.
- NTPC Group installed capacity stands at 71594 MW.
Expansion in industrial activity to boost demand for electricity
Growing urban & rural population is likely to boost demand for energy
Increasing per-capita power usage will provide further impetus to the energy industry
Ambitious projects across the value chain is leading to further power requirements
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Utilization of Hydro Power Potential
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Year End Review 2022 | Ministry of Power
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