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Power Sector in India: Electricity Generation Stats
Power Sector in India: Electricity Generation Stats
Scenario
The Indian power sector is evolving from a “nascent/ opening” market phase to a “developing” phase. The
sector forms a backbone to the growing economy. As per the estimates of Planning Commission,
Government of India (GoI), to ensure a sustained 8% growth of the economy, by 2031-32 India needs to
increase its primary energy supply by three to four times and its electricity generation by five to six times of
the 2003-04 levels.
1
Power Sector in India
Power Supply Stats
1400 0.00%
1200 -2.00%
1000
-4.00%
800
-6.00%
600
-8.00%
400
200 -10.00%
0 -12.00%
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Requirement (BU) 830 861 937 995 1002 1068 1114 1142 1212
Availability(BU) 746 788 857 908 959 1030 1090 1135 1203
Surplus -10.10% -8.50% -8.50% -8.70% -4.20% -3.60% -2.10% -1.60% -2.00%
2
Renewables in India
Power Sector
Gas Nuclear
8% Diesel 2%
0% Hydro 2022 Renewable Target
14%
Wind 400 175
9%
3
Renewable Energy Sector Growth Drivers
Renewable Purchase Obligation
(RPO)
• RPO introduced in the New Tariff Policy
Renewable • Mandates all coal-fired plants commissioned after
Purchase a specific date to generate a certain percentage of
Obligation their power from renewable energy sources
(RPOs)
Green Corridor
• Fast Tracks Evacuation for green power
Green
enabling more renewables to be added to the
Corridor
grid
Accelerated Accelerated Depreciation
Depreciation & & GBI
Generation Based
Incentive • Tax Incentive allowing companies to depreciate
40% of the asset in the first year of operation
• As per GBI Rs.0.5 per unit is paid additionally over
and above the PPA resulting in Improved viability
and funding of wind power projects
4
Renewable Energy Sector Growth Drivers