India Aiming for 517 GW Power Capacity Addition by 2032: RK Singh
In his statement, Singh highlighted the escalating power demand driven by rapid economic growth and an increase in consumers.
December 16, 2023. By Abha Rustagi
Singh provided this information in a written reply to a question in Lok Sabha emphasising the need for a balanced energy portfolio, acknowledging that renewable sources alone cannot ensure 24x7 availability, necessitating the continued reliance on coal-based generation until cost-effective energy storage solutions are viable.
In his statement, Singh highlighted the escalating power demand driven by rapid economic growth and an increase in consumers. The peak demand, projected to reach 3,66,400 MW in FY 2031-32, underscores the critical need for expanding the power generation capacity.
According to the National Electricity Plan, the installed capacity requirement for 2031-32 is projected to be 9,00,422 MW, comprising both fossil-based and non-fossil-based capacity. The plan includes 364,566 MW of solar capacity, 121,895 MW of wind capacity, and significant contributions from other sources like nuclear, large hydro, small hydro, biomass, and pumped storage projects.
The Minister disclosed that, as per the Central Electricity Authority's generation planning studies, coal-based installed capacity is expected to reach 2,83,000 MW by FY 2032, requiring an additional 80,000 MW of coal & lignite-based capacity. Currently, 27,180 MW is under construction, 31,010 MW is in advanced planning/development stages, and 29,720 MW is identified for future development to meet the target.
To ensure a smooth transition and uninterrupted power supply, the Minister emphasized the ongoing efforts in renovation and modernization and life extension of coal-based power plants. The CEA has identified 148 units with a total capacity of 38,150 MW for potential R&M/LE works.
The detailed plan includes the construction of 27,180 MW of thermal capacity, 18,033.5 MW of hydro capacity, 8,000 MW of nuclear capacity, and 78,935 MW of renewable energy capacity by 2031-2032. This ambitious agenda aims to bolster the nation's energy security and sustain economic growth.
please contact: contact@energetica-india.net.
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