See How Power Sector Transformed in Past Few Years

New Delhi: In past years the Power sector has been transformed, according to the recent statement presented by the Union Minister for Power and New & Renewable Energy in Rajya Sabha on December 19, 2023 mentioned that in past nine years, power generation capacity of 1,93,794 MW has been added ensuring adequate availability of power. The demand has increased rapidly; and we have met the demand. 

There has been 50.8% increase in energy requirement in the country as compared to 2014. The peak demand has gone up from 135918 MW in 2013-14 to 243271 MW in September 2023. This is a rise of almost 79% and the demand has been met. 

The gap between energy requirement and energy supplied is just 0.3% - which is because of system constraints or some DISCOMs not having funds to procure power. 

The gap between peak demand and peak met is just 1.4%. The average gap between Peak demand and Peak supply was 4.5 % in 2013-14 - when the demand was just 136 GW.

To increase the production capacity between 2014-15 to 2023-24 in the country the government has taken various steps including the installed capacity which was 248554 MW in March 2014 has been increased to 425536 MW in October 2023.  The installed capacity of coal-based generation has been increased from 139663 MW in March 2014 to 206825 MW in October 2023. The installed capacity of thermal power has increased from 139663 MW in March 2014 to 206825 MW in October 2023. The installed capacity of the Renewable sector has increased from 75519 MW in March 2014 to 178983 MW in October 2023.

India has committed to augment non-fossil fuel-based installed electricity generation capacity to over 500000 MW by 2030. The transmission plan for the integration of 500000 MW RE capacity by 2030 is being implemented in a phased manner commensurate with RE capacity addition. At present about 179000 MW of non-fossil fuel generation capacity is already integrated.

The government has constructed Green Energy Corridors and put in place 13 Renewable Energy Management Centres. Presently Renewable Energy Capacity is 178000 MW and 99000 MW is under installation.