India seeks private money for coal-fired power plants despite Western opposition
- Power Minister holds discussions with industry stakeholders regarding the government's target to add 80 GW of coal-fired capacity
- Aim is to address India's increasing power demand.
- The government aims to add 80 GW of thermal power capacity by FY32 to meet the nation's power requirements.
Current Status and Future Plans
- There are 27 GW of thermal capacity under construction, and the government initially planned to add 25 GW more.
- However, the decision is made to commence work on at least 55–60 GW of thermal capacity to keep up with the accelerating demand.
- National Electricity Plan Projection:
- The National Electricity Plan for 2022-32 projects the requirement for coal and lignite-based installed capacity to be 283 GW by FY32, compared to the current 214 GW.
Challenges and Opportunities for the Industry
- Despite rising demand, thermal energy remains relevant until energy storage becomes cost-effective for round-the-clock supply through renewables.
- National Electricity Plan