The ‘Power of Power’ Growing in India
The Indian electricity sector is going through a major transformation that has changed the outlook for the sector. India’s power sector has a bright future, and the country’s need for electricity is still being driven by steady economic expansion. The Government of India’s commitment on obtaining ‘Power for all’ has expedited capacity addition in the country.
To prevent power shortages, India’s overall power generation capacity must rise from 442 GW in FY24 to 673 GW. According to the paper, this expansion will encourage more investment in thermal power, which is anticipated to be crucial for preserving grid stability.
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