Advantage India
Growing
Demand
*India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 442.85 GW as of April 30, 2024.
*Growing population along with increasing electrification and per-capita usage will provide further impetus. Power consumption in India in FY23 logged a 9.5% growth to 1,503.65 Billion Units (BU).
*India has committed to augment non fossil fuel based installed electricity generation capacity to over 5,00,000 MW by 2031-32.
Attractive
Opportunities
*According to a report by Motilal Oswal, the Indian power sector presents an investment opportunity worth Rs. 40,00,000 crore (US$ 461.95 billion) over the next decade, driven by rising demand, infrastructure upgrades, and the transition to clean energy.
*Renewable energy and transmission infrastructure offer attractive prospects, such as Power Grid’s Rs. 2,00,000 crore (US$ 23.10 billion) Capital Expenditure (capex) opportunity.
*In the Budget for 2024, the government's power sector initiatives have been allocated funds that are 50% higher. Increased funds have been allocated to green hydrogen, solar power, and green-energy corridors in line with the renewable energy target for 2030.
*In order to meet India’s 500 GW renewable energy target and tackle the annual issue of coal demand supply mismatch, the Ministry of Power has identified 81 thermal units which will replace coal with renewable energy generation by 2026.
Policy
Support
*India has unveiled a comprehensive plan worth Rs. 9.15 lakh crore (US$ 109.50 billion) to enhance its power infrastructure and meet a projected demand of 458 GW by 2032. This initiative, led by the Ministry of Power under Prime Minister Narendra Modi, aims to strengthen the national power grid and boost energy security.
*Cabinet approves PM-Surya Ghar: Muft Bijli Yojana for installing rooftop solar in One Crore households.
Higher
Investments
*GEAPP plans to scale decarbonisation technologies in India, investing Rs. 861.10 crore (US$ 100 million) for clean energy projects, including AI-driven grid optimization in Rajasthan.
*The nation plans to invest Rs. 9,15,920 crore (US$ 107 billion) by 2032 to develop additional transmission lines, supporting its goal to nearly triple its clean power capacity.
*India’s power sector is expected to attract investment worth Rs. 17 lakh crore (US$ 205.31 billion) in next five to seven years. The power generation industry in India will require a total investment of Rs. 33 lakh crore (US$ 400 billion ) and 3.78 million power professionals by 2032 to meet the rising energy demands, as per the National Electricity Plan India has the potential to attract an investment of over US$ 20 billion in renewables in 2023.
*As per the National Infrastructure Pipeline 2019-2025, energy sector projects accounted for the highest share (24%) out of the total expected capital expenditure of Rs. 111 lakh crore (US$ 1.4 trillion).
Adani Power Limited
Adani Power Limited is engaged in providing electric power generation by coal-based thermal power plants and coal trading. Its business activity is undertaken at Mundra Thermal Power Plant of the company in Gujarat and Thermal Power Plant of its subsidiaries at Tiroda (Maharashtra), at Kawai (Rajasthan) and at Udupi (Karnataka). It has approximately five power projects. The company operates an aggregate of approximately 15.25 GW generation capacity comprising of over 4,620 MW at Mundra, approximately 3,300 MW at Tiroda, over 1,320 MW at Kawai, approximately 1,200 MW at Udupi and Singrauli, 1,370 MW at Raipur, 600 MW at Raipur, over 40 MW (solar) at Kutch, Gujarat, and 1,600 MW at Godda Ultra-supercritical power plant. It focuses to sell the power generated from these projects under a combination of long-term Power Purchase Agreement and on merchant basis. Its subsidiaries include Adani Power Maharashtra Limited, Adani Power Rajasthan Limited, Udupi Power Corporation Limited, and Adani Power Resources Limited.
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NTPC Limited
NTPC Limited is an India-based company, engaged in the generation and sale of electricity. The principal business activity of the company is the electric power generation by coal-based thermal power plants. The company's business segments include generation and others. The company's other business lines include providing consultancy, project management and supervision, re-gasification, oil and gas exploration and coal mining. The company has an installed capacity of 75.42 GW. NTPC has 51 power stations comprising 27 coal, seven combined cycle gas/liquid fuel, one large and one small hydro and 15 solar PV, along with 42 subsidiary and JV power stations. The group has over 12.36 GW of capacity under construction. The company's subsidiaries include NTPC Electric Supply Company Limited, NTPC Vidyut Vyapar Nigam Limited, Kanti Bijlee Utpadan Nigam Limited, Bhartiya Rail Bijlee Company Limited, and Patratu Vidyut Utpadan Nigam Limited. NTPC plans a 5-Gigawatt Solar Power Park in Gujarat.
Read MorePower Grid Corporation of India Limited
Power Grid Corporation of India Limited is a transmission company engaged in the power transmission business with responsibility for planning, implementation, operation and maintenance of inter-state transmission systems and operation of national and regional load dispatch centres. The company's segments include transmission and consultancy. The transmission segment includes Extra High Voltage/High Voltage (EHV/HV) networks and grid management. It also owns EHV Alternating Current (AC) and HV Direct Current (HVDC) sub-stations. The consultancy segment includes planning, design, engineering, load dispatch, procurement management, operation and maintenance, financing, and project management.
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