Snapshot
Stepping up to endless opportunities
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 2024-25 has been fixed as 1900 Bn unit (BU) (1444.943 BU Thermal; 147.709 BU Hydro; 55.348 Nuclear; 8 BU Import from Bhutan and 244 BU RES
(Excl. Large Hydro). The electricity generation including Renewable Sources during 2023-24 was 1738.828 BU as compared to 1624.465 BU generated during 2022-23, representing a growth of about 7.04%.
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
- GW
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
- FOREIGN INVESTMENT
- INDUSTRY TRENDS
- POLICIES & SCHEMES
Industry Scenario
60 GW - Highest ever conventional power capacity addition in the last 3 years.
As of Aug 2024, India has a total thermal installed capacity of 242.99 GW of which 210.96 GW is the installed capacity of Coal and the rest from Lignite, Diesel, and Gas.
The private sector in the power industry in India generates 52.8% of the country’s power, whereas States and the Centre generate 24% and 23.1%, respectively. The Intra-State Transmission System Green Energy Corridor Phase II with total target of 10750 km 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 ~$1.5 Bn and 33% CFA.
Utilization of Hydro Power Potential - 46928.17 MW (32%) out of 145320 MW developed and 15023.5 MW (10.3%) is under construction. (March 2023).
The present installed nuclear power capacity is 8180 MW which is projected to increase to 22800 MW by 2031-32.
Share of non-fossil fuel-based generation capacity in the total installed capacity of the Country likely to increase from 44% as of Oct 2023 to more than 68.4% to reach 500 MW by 2031-32.
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 422 BU in FY24, a growth of 6% via-a-vis previous year.
- NTPC also continued an has reported a substantial growth of 83% in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year. The company achieved an impressive coal production of 16.05 Mn Metric Tonnes (MMT) during H1 FY24, as compared to 8.76 MMT in H1 FY23. 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, FY23, the company registered a growth of 24.24% in a non-fossil portfolio. By 2032, non fossil fuel based generation capacity shall make up nearly 50% of NTPC's portfolio.
- NTPC Group installed capacity stands at 76,294 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