Power & Electricity Industry
USEFUL INFO
Current Status of Power & Electricity
Total Capacity: Reached ~552 GW by mid-2026, meeting a record peak demand of 242.5+ GW.
Non-Fossil Share: Accounts for over 300.5 GW (~54.4% of total capacity), led by massive solar (~164.6 GW) and wind (~58.1 GW) expansions.
Reliability: National energy shortages dropped to a historic low of 0.03%, with per capita consumption rising to ~1,460 kWh.
Storage & Efficiency Growth Potential
Storage Leap: Projected energy storage needs will surge from 1 GWh to an astounding 888 GWh by 2035–36.
BESS Transition: Moving from aggressive tendering to large-scale execution, with over 102 GWh tendered recently.
Pumped Storage: Target integration of 100 GW of pumped storage and 90 GW of battery capacity by 2030–2036 to manage peak evening demand.
Future Projections & Investments
2047 Horizon: Total power capacity is expected to cross 2,000 GW by 2047, requiring over $0.5 trillion in investments by 2030.
Nuclear Expansion: Aiming for 100 GW of nuclear power by 2047, backed by a ₹20,000 crore Small Modular Reactor (SMR) mission.
Grid Modernization: Extensive transmission corridor upgrades (such as major green energy evacuation projects) are underway to support solar-plus-storage integration.