Coal based power capacity needs investment of Rs 6.67 lakh cr to meet demand by 2032: Power Ministry

The Power Ministry has announced a plan requiring a Rs 6.67 lakh crore investment to reach the estimated electricity demand by 2031-32. The Central Electricity Authority determined that the country needs a coal & lignite installed capacity of 283 GW. The country currently produces 217.5 GW. The Government of India aims to add at least 80 GW of coal-based capacity by 2031-32, alongside a push for non-fossil fuel-based electricity generation to reach a target of 50 per cent by 2030. Currently the figure stands at 45.5 per cent.

Coal based power capacity needs investment of Rs 6.67 lakh cr to meet demand by 2032: Power Ministry
The Power Ministry has said that the coal based thermal power capacity plan requires Rs 6.67 lakh crore investment to meet estimated electricity demand by the year 2031-32. #Budget 2024 with ET Budget Highlights: Your 2-minute guide Tax tweaks, jobs & more: All that FM announced in Budget What's cheaper and what's costlier? Here's the list Generation planning studies have been carried out by Central Electricity Authority (CEA). As per the study results, the required coal & lignite based installed capacity would be 283 GW to meet the country’s demand.

Currently the capacity is 217.5 GW, the ministry said in a press release.

Considering this, Government of India proposes to set up an additional minimum 80 GW coal-based capacity by 2031-32. The estimated capital cost for setting up of new coal based thermal capacity as considered in National Electricity Plan is Rs 8.34 Cr/ MW (at 2021-22 price level). RECOMMENDED STORIES FOR YOU The release also said that the government planned to augment non-fossil fuel based installed electricity generation capacity.

It said that the country committed to achieve about 50 per cent of power generation through non-fossil fuels by 2030.

Currently, India has already achieved 45.5 per cent Installed Capacity from non-fossil fuel-based resources.

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