Snapshot

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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

  • MW

    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

Industry Scenario

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.

GROWTH DRIVERS

  • Industrial expansion

    Expansion in industrial activity to boost demand for electricity

  • Growing population

    Growing urban & rural population is likely to boost demand for energy

  • Market advantage

    Increasing per-capita power usage will provide further impetus to the energy industry

  • Increasing investments

    Ambitious projects across the value chain is leading to further power requirements

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FAQs

Frequently
Asked Questions

What is the National Mission for Enhanced Energy Efficiency (NMEEE)?

The National Mission for Enhanced Energy Efficiency (NMEEE) is one of the eight missions under the National Action Plan on Climate Change (NAPCC). NMEEE aims to strengthen the market for energy efficiency by creating conducive regulatory and policy regime and has envisaged fostering innovative and sustainable business models to the energy efficiency sector. The Cabinet had approved the NMEEE document, and funding for two years of the 11th Plan period (2010-12) with an outlay of $ 36.23 million. Continuation of NMEEE for the 12th Plan was approved by Cabinet on 6th August, 2014 with a total outlay of $ 119.23. The Mission seeks to upscale the efforts to unlock the market for energy efficiency which is estimated to be around $ 11.385 billion. The activities during the 11th Plan period created the institutional and regulatory infrastructure. The NMEEE spelt out four initiatives to enhance energy efficiency in energy intensive industries which are as follows:
a) Perform, Achieve and Trade Scheme (PAT), a market based mechanism to enhance the cost effectiveness in improving the Energy Efficiency in Energy Intensive industries through certification of energy saving which can be traded.
b) Market Transformation for Energy Efficiency (MTEE), for accelerating the shift to energy efficient appliances in designated sectors through innovative measures to make the products more affordable.
c) Energy Efficiency Financing Platform (EEFP), for creation of mechanisms that would help finance demand side management programmes in all sectors by capturing future energy savings.
d) Framework for Energy Efficient Economic Development (FEEED), for development of fiscal instruments to promote energy efficiency.

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What are the completed transmission projects?

There are 260 projects/elements completed all over India in 2017-18 and all the details can be found at the link.

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What are the upcoming projects transmission projects?

There are 285 projects coming in all over India. You can find a detailed map of these projects on the link.

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What is TARANG?

TARANG is the Transmission App for Real time Monitoring and Growth to monitor the progress of transmission system in the country.

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What is Central Electricity Authority and what is the information it provides?

Central Electricity Authority (CEA) is a statutory organization originally constituted under the Electricity Act, 2003. The organization releases monthly reports related, state wise installed capacity on the link.

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