Power
India is world's third largest producer and fourth largest consumer of electricity in the world as of August 2018.

Indian Power Sector Analysis

Latest update: November, 2018

Growth

 

Last Updated: November, 2018

India has the fifth largest power generation capacity in the world. The country ranks third globally in terms of electricity production. In May 2018, India ranked 4th in the Asia Pacific region out of 25 nations on an index that measures their overall power. Electricity production in India reached 1,201.543 Billion Units (BU) during FY18.

Renewable energy is fast emerging as a major source of power in India. The Government of India has set a target to achieve 175 GW installed capacity of renewable energy by FY22. Wind energy is the largest source of renewable energy in India, accounting for 48.08 per cent (34.62 GW)* of total installed renewable capacity (72.01 GW)*. There are plans to double wind power generation capacity to 60 GW by 2022. India has also raised the solar power generation capacity addition target by five times to 100 GW by 2022. The Union Government of India is preparing a 'rent a roof' policy for supporting its target of generating 40 gigawatts (GW) of power through solar rooftop projects by 2022. All the states and union territories of India are on board to fulfil the Government of India's vision of ensuring 24x7 affordable and quality power for all by March 2019. As of August 2018, 194.2 million households out of 219.2 million households were electrified and the remaining 25.0 million households are expected to be electrified by end March 2019, under the Pradhan Mantri Sahaj Bijli Har Ghar Yojana-“Saubhagya” scheme. The Government of India has been supportive to growth in the power sector. As of September 2018, the Government of India launched a voluntary based programme to promote energy efficient chiller systems in India. It labels the energy performance by providing star ratings and will be effective up to December 31, 2020.

The Cabinet Committee on Economic Affairs (CCEA) has approved commercial coal mining for private sector and the methodology of allocating coal mines via auction and allotment, thereby prioritising transparency, ease of doing business and ensuring the use of natural resources for national development.

The Government of India is planning to invite bids for the largest solar tender in the world, for installing 20 gigawatts (GW) of solar power capacity, to give a boost to manufacturing of solar power equipment in India.

Notes: * - As of September 2018

Indian Power Industry Report (November, 2018)
Download PDF Download PDF  (Size: 1.34 MB )
Indian Power Industry Report (October, 2018)
Download PDF Download PDF  (Size: 1.34 MB )

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