INDIAN POWER INDUSTRY AT A GLANCE IN 2018 - 2019Industry Overview
India is the world's third largest producer and fourth largest consumer of electricity in the world as of year 2018. India’s power sector is one of the most diversified in the world.
In May 2018, India ranked 4th in the Asia Pacific region out of 25 nations on an index that measures their overall power industry size. Energy deficit reduced to 0.7 per cent in FY18 from 4.2 per cent in FY14.
Market Size
The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. Total installed capacity of power stations in India stood at 350.16 Gigawatt (GW) as of February 2019.
Investment Scenario
Between April 2000 and December 2018, the industry attracted US$ 14.18 billion in Foreign Direct Investment (FDI), accounting for 3.48 per cent of total FDI inflows in India.Government Initiatives
The Government of India approved the National Policy on Bio-fuels – 2018, the expected benefits of this policy are health benefits, cleaner environment, employment generation, reduced import dependency, boost to infrastructural investment in rural areas and additional income to farmers.
Industry Forecast
The Government of India has released its roadmap to achieve 175 GW capacity in renewable energy by 2022, which includes 100 GW of solar power and 60 GW of wind power. The Union Government of India is preparing a 'rent a roof' policy for supporting its target of generating 40 gigawatts (GW) of power through solar rooftop projects by 2022.
Coal-based power generation capacity in India, which currently stands at 191.09 GW is expected to reach 330-441 GW by 2040.
India could become the world's first country to use LEDs for all lighting needs by 2019, thereby saving Rs 40,000 crore (US$ 6.23 billion) on an annual basis.
