Commerce Dashboard
Power
India is the third largest producer of electricity in the world as per the key world energy statistics published by EA in 2019.

Indian Power Sector Analysis

Latest update: March, 2020

Growth

 

Last Updated: May, 2020

India has been the third largest producer and third largest consumer of electricity in the world with installed power capacity reaching 370.34 GW as of April 2020. Electricity production reached 1,252.61 billion unit (BU) in FY20. India was ranked fourth in wind power, fifth in solar power and fifth in renewable power installed capacity as of 2018. India’s rank jumped to 22 in 2019 from 137 in 2014 on World Bank’s Ease of Doing Business - "Getting Electricity" ranking.

Renewable energy is fast emerging as a major source of power in India. The Government of India has set a target to achieve 175 gigawatts (GW) installed capacity of renewable energy by FY22. As of June 2019, the Government launched US$ 5 billion of transmission-line tenders in phases and has set a target of 175 GW by 2022.

In FY20, total thermal installed capacity in the country stood at 230.81 GW, while renewable, hydro and nuclear energy installed capacity totalled to 86.76 GW, 45.70 GW and 6.78 GW, respectively. The Government plans to double the share of installed electricity generation capacity of renewable energy to 40 per cent by 2030. India has also raised the solar power generation capacity addition target by five times to 100 GW by 2022. The Government is preparing a 'rent a roof' policy for supporting its target of generating 40 GW of power through solar rooftop projects by 2022. The peak power demand in the country stood at 180.80 GW in FY20(P).

All the states and union territories were on board to fulfil the Government’s vision of ensuring 24x7 affordable and quality power for all by March 2019. India achieved 100 per cent household electrification by March 31, 2019, as envisaged under the Saubhagya scheme. More than 26.2 million households have been electrified under Saubhagya scheme. Under Union Budget 2019-20, the Government allocated Rs 5 crore (US$ 0.73 million) to increase capacity of Green Energy Corridor Project along with Rs 920 crore (US$ 130 million) for wind and Rs 3,005 crore (US$ 440 million) for solar power projects.

In the Union Budget 2020-21, Rs 15,875 crore (US$ 2.27 billion) has been allocated to the Ministry of Power, while Rs 5,500 crore (US$ 786.95 million) has been allocated towards Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY).

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 GW of solar power capacity to give a boost to manufacturing of solar power equipment in India.

Total FDI inflow in the power sector reached US$ 14.65 billion between April 2000 to December 2019, accounting for three per cent of the total FDI inflow in India.

Indian Power Industry Report (May, 2020)
Download PDF Download PDF  (Size: 685.59 KB )

Click to access the Power Industry Archived Report

Posters

Brand India Pharma

LOOKING TO THE SUN

India has set a target of generating 10,000 megawatt of power through solar energy by the year 2017.

+ More >

Brand India Pharma

IBEF Publications

IBEF Publication

Agri Export Policy - Towards smoother trade, wider global presence

English

+ More Publications >

IBEF Publication

IBEF Blog - INDIA ADDA – PERSPECTIVES ON INDIA More

author_logo-ibef1.jpg India’s journey from manufacturing zero PPE kits to two lakh PPE kits per day
IBEF, Knowledge Centre

India was manufacturing nearly zero PPE kits until January 2020. It was manufacturing only medical gowns, which was just one of the components of the kit, whereas, no PPE...

author_logo-ibef1.jpg Self-Reliant India Movement: An opportunity
IBEF, Knowledge Centre

At a time when the world is suffering from a deadly pandemic, India plans to convert this crisis into an opportunity and strengthen its fight by becoming Aatmanirbhar or ...

author_logo-ibef1.jpg EXPORT OF MOBILE PHONES FROM INDIA: OVER 100% GROWTH IN FY20
IBEF, Knowledge Centre

Smartphones market in India have witnessed a phenomenal growth in the past few years. India overtook the United States (US) to become the second-largest smartphone market...

author_logo-ibef1.jpg India's largest tech FDI: Decoding the Facebook-Reliance Jio deal
IBEF, Knowledge Centre

The technology sector in India has witnessed its largest foreign direct investment (FDI) as Facebook announced its investment in Jio Platforms, a unit of Reliance Industr...

author_logo-ibef1.jpg SUSTAINABLE AGRICULTURE - TURNING TO ORGANIC AND NATURAL FARMING
IBEF, Knowledge Centre

Agriculture and its allied sector are crucial for the development of a country, especially for India where it is the largest source of livelihood. The sector plays a majo...

author_logo-ibef1.jpg Digital India: Power To Empower
IBEF, Knowledge Centre

The global economy is presently going through the fourth Industrial Revolution, also known as the Digital Revolution. This revolution is changing not only the way we inte...

ideas More

Ideas

Zomato: Top Of The Food Chain
Zomato, an Indian start-up is in the business of online food ordering. It initially launched Foodiebay.com in Gurugram in 2008, a website that scanned menus and provided ratings and recommendations on....

JOIN IBEF.org

Join IBEF.org now. Enjoy FREE subscriptions downloads, updates and more.

Error

Already a member?
Login / Retrieve Password