Advantage India
Growing
Demand
* India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 411.64 GW as of January 31, 2023.
* Growing population along with increasing electrification and per-capita usage will provide further impetus. Power consumption in India in December 2022 logged an 11% growth to 121.19 billion units
Attractive
Opportunities
* In Union Budget 2023-24, the government allocated US$ 885 million (Rs. 7,327 crore) for the solar power sector including grid, off-grid, and PM-KUSUM projects.
* 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
* 100% FDI allowed in the power sector has boosted FDI inflow in this sector.
* Schemes such as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS) are expected to augment electrification across the country.
Higher
investments
* As per the National Infrastructure Pipeline 2019-25, energy sector projects accounted for the highest share (24%) out of the total expected capital expenditure of US$ 1.4 trillion (Rs. 111 lakh crore).
* Total FDI inflow in the power sector reached US$ 16.57 billion between April December 2022.
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 13.65 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, and over 40 MW (solar) at Kutch, Gujarat. 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.
Read More
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 71.59 GW (including 12.61 GW through joint ventures/subsidiaries). NTPC has 73 power stations comprising 26 coal, seven combined cycle gas/liquid fuel, one large and one small hydro and 27 solar PV and 1 wind based station, along with 25 subsidiary and JV power stations. The group has over 18 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.
Read More
Related News
MORETop Power Producing States in India
- Gujarat
- Maharashtra
- Tamil Nadu
- Rajasthan
- Karnataka
- Uttar Pradesh
Posters
MORE
List of Top Power Companies in India
India has set a target of generating 10,000 megawatt of power through solar energy by the year 2017.
IBEF Campaigns
MORE
India Organic Biofach 2022
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...
Case Studies
MORESustainable Circular Economy in India
A circular economy involves a comprehensive strategy for economic growth that is intended to benefit industry, society, and the environment. It seeks ...
Future of Data Science and AI in India
Artificial Intelligence (AI) is the potential of machines to impersonate the capabilities of the human mind. These machines are enabling high-level co...
Service Sector Contribution to India's GDP
India's booming service industry is a remarkable illustration of how modern economic growth models can outperform traditionally established ones. ...
IBEF BLOG
MORE
The Sky’s the Limit: India's Growing Aviation Industry
The Sky’s the Limit: India's Growing Aviation Industry India is ...
Unlocking new opportunities in the E-Mobility Market of India
Unlocking new opportunities in the E-Mobility Market of India The automobi...
Warehousing and Logistics Sector in India
The warehousing, industrial, and logistics (WIL) sectors are projected to b...
Partners
