Thermal Power

According to the World Bank, India moved up 115 spots, from 137th place in 2014 to 22nd place in 2020, in the category of "getting electricity." Between FY19 and FY23, it is anticipated that the Indian power sector will draw investments between $128.24–135.37 Bn.

Thermal Power

The sector has a promising future since by 2026–2027, the nation's installed capacity for power generation will be close to 620 GW, with 44% of the capacity coming from renewable energy sources and 38% from coal.

The amount of electricity produced from renewable energy sources increased from 193.5 billion units in 2013–14 to 306.3 billion units in 2020–21, representing a 6.8% CAGR.

BHEL started up captive power plants totaling about 119.5 MW in the fiscal year 2020–21, and 75 Mw of captive power plants from the fiscal year 2021–22 to September 2021.

As of August 2022, there was 405.8 GW of installed capacity, 40.2% of which came from renewable sources.

The government has electrified all unelectrified villages on April 28, 2018 ahead of the deadline May 1, 2018. Except for one state, every home has access to electricity.

In the energy mix in 2030, coal-based thermal power production capacity is predicted to reach close to 32%. The most effective thermal power plant, with a Plant Load Factor of 94.2%, is the NTPC Talcher Kaniha (3000 MW) in Odisha.

India is the third-largest producer of power in the world as of December 2021, according to the most recent major global energy data.

The National Infrastructure Pipeline 2019–25 included the most projects (24%) related to the energy sector. Between April 2000 and June 2022, the electricity sector saw a total FDI infusion of $ 16.39 billion.