Private Sector Controls 52% of 446GW Installed Power Capacity
As of June 30, 2024, the total installed capacity in the country was 446,190 MW, with the private sector contributing approximately 234,065 MW, or 52.5 per cent. The Minister also mentioned that most of the renewable energy projects in India are being developed by private sector players selected through a transparent bidding process.
In another response to the House, the Minister indicated that the rapid expansion and growth of the Indian economy are driving unprecedented increases in electricity demand. He reported that electricity demand in India grew by about 9 per cent during the years 2021-22 and 2022-23.
He further stated that total emissions have risen in line with the increase in electricity generation. However, he also pointed out that the growing share of renewable energy is reducing the carbon intensity of the grid. There has been a significant decrease of approximately 9 per cent in the average carbon emission factor of grid electricity in India from 2013-14 to 2022-23.