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India seeks private money for coal-fired power plants despite Western opposition

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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.

Key Points

  • 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.

Prelims Takeaway

  • National Electricity Plan

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