The Central Electricity Authority (CEA) has published the 20th Electric Power Survey (EPS) Report, which outlines electricity demand projections for the country from 2021-22 to 2041-42.
According to the report, an investment of approximately Rs.14.54 lakh crore will be required to add 210 GW of additional generation capacity during 2022-27, along with battery storage of 8680 MW/ 34720 MWh.
Currently, thermal power plants of 25,440 MW capacity are under construction, while hydroelectric projects totaling 17,803.5 MW are under implementation. Additionally, Nuclear Power Plants of 8,700 MW capacity are under construction, and 7,000 MW have been accorded sanction.
The government aims to achieve 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030, and as of February 2023, India’s total utility scale installed solar capacity is around 64.4 GW, while total installed wind capacity is around 42 GW.
The total installed non-fossil based capacity is around 176 GW, out of total capacity of 412 GW. By the end of the year 2029-30, it is estimated that non-fossil fuel capacity will reach around 500 GW.
This information was given by the Union Minister of Power Sh. R.K. Singh in the Rajya Sabha.