The Union Minister for Power and New & Renewable Energy has announced that more than 132 GW of power capacity is under construction. Additionally, more than 464 GW of electricity capacity is expected to be added by 2031-2032.

Dec 19, 2023

The Union Minister for Power and New & Renewable Energy, Mr. R K Singh, has informed that the power sector has been transformed in the past few years. Mr. Singh has announced that more than 132 GW of power capacity is under construction. Additionally, more than 464 GW of electricity capacity is expected to be added by 2031-2032. In the past nine years, a power generation capacity of 1,93,794 MW has been added ensuring adequate availability of power. The demand has increased rapidly, and we have met the demand. There has been a 50.8 percent increase in energy requirement in the country as compared to 2014.

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Additionally, he stated that the peak demand has gone up from 135918 MW in 2013-14 to 243271 MW in September 2023. This is a rise of almost 79 percent and the demand has been met. The gap between energy requirement and energy supplied is just 0.3 percent – which is because of system constraints or some DISCOMs not having funds to procure power. The gap between peak demand and peak met is just 1.4 percent. The average gap between peak demand and peak supply was 4.5 percent in 2013-14 – when the demand was just 136 GW.