An investment of about Rs.14.54 lakh crore required for additional 210 GW during 2022-27 along with battery storage of 8680MW/ 34720 MWh: Union Minister for Power & NRE Shri R. K. Singh – EQ Mag

The 20th Electric Power Survey (EPS) Report, published by Central Electricity Authority (CEA) in November 2022, covers electricity demand projection for the year 2021-22 to 2031-32 as well as perspective electricity demand projection for the year 2036-37 and 2041-42 for the country.

The estimated energy requirement and peak demand of the country State/UT-wise from the year 2022-23 to 2026-27 is given at Annexure.

The steps taken/being taken by the Government to meet the demand of electricity and investment in it are as follows:

• In order to meet the growing demand of electricity, there is need for fresh generation capacity addition. As per draft National Electricity Plan for the period 2022-27 which is under approval, an investment of about Rs.14.54 lakh crore would be required to install additional generation capacity of about 210 GW during 2022-27 along with battery storage of 8680MW/ 34720 MWh.
• Thermal Power Plants of 25,440 MW of capacity are at various stages of construction in the country.
• Hydroelectric projects (above 25 MW) totaling to 17803.5 MW are under implementation.
• Nuclear Power Plants of 8,700 MW of capacity are under construction and 7000 MW of Nuclear power plants have been accorded Sanction.
• The capacity of National Grid is being expanded on a continuous basis commensurate with the growth in electricity generation and electricity demand. It is planned to add about 17,500 ckm of transmission lines and 80,000 MVA of transformation capacity per year (220 kV and above voltage level) on all India basis. The present inter-regional capacity of the National Grid is 1,12,250 MW and is likely to go upto about 1,50,000 MW by 2030.
• Government has set a target to achieve 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. As of February, 2023, India’s total utility scale installed solar capacity is around 64.4 GW. As on February, 2023, India’s total installed wind capacity is around 42 GW. As on February, 2023, total installed non- fossil based capacity is around 176 GW out of total capacity of 412 GW. The likely installed capacity of non-fossil fuel of the country by the end of year 2029-30 will be around 500 GW.

ANNEXURE

The estimated energy requirement of the country State/UT-wise from the year 2022-23 to 2026-27

(in MU)

The estimated peak demand of the country State/UT-wise from the year 2022-23 to 2026-27

(in MW)

This information was given by the Union Minister of Power Sh. R.K. Singh in the Rajya Sabha Today.