9 Months agoIndia has the world's fifth largest power generation portfolio, with a major addition in capacity seen in the last two years.
The power sector in India has witnessed a major addition in capacity in the last 2 years, making India the fifth largest installed capacity in the world. As of October 2016, the installed power capacity was 307.28 GW. Private capacity generation has increased to 124 GW in FY2015- 16, which constitutes 41% of the total power generated in the country. The Government aims to generate two trillion units (kilowatt hours) of energy by 2019 and is undertaking initiatives aimed at doubling the current production capacity to provide 24x7 electricity for residential, industrial, commercial and agriculture use.
The electricity generation (including renewable energy) in the country grew by 5.9% to 738,027 Million Units (MUs) during FY 2016-17 (April to October) as compared to 696,664 MUs during FY 2015-16 (April to October).
As a result of rationalization of freight charges for domestic coal and reduction of imports, the cost of power to the power utilities has reduced to INR 3.04 per kWh (April to June 2016) from INR 3.19 per kWh (April to June 2015).
The Indian power sector has an investment potential of INR 15 trillion (USD 223.67 billion) in Department of Industrial Policy and Promotion the next 4–5 years and provides immense opportunities in power generation, distribution, transmission and equipment.