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India's Power Landscape Thrives: 194 GW Added, Meeting 1.5x Demand Surge

The comprehensive data reveals a nation-wide initiative to boost power generation, with significant contributions from states like Uttar Pradesh, Chhattisgarh, Rajasthan, and Maharashtra.

December 08, 2023. By Abha Rustagi

The Union Minister for Power and New & Renewable Energy, R.K. Singh, announced that the country's electricity demand has surged by more than 1.5 times between 2013-14 and 2022-23.

Accompanying this growth, peak demand has increased by over 78 percent, reaching 243 GW in September 2023. India has not only met but exceeded this escalating demand by adding a staggering 194 GW of power capacity during the same period.

Providing insights into the State/UT-wise power generation details over the last five years and the current fiscal year, the minister highlighted the substantial increase in power generation across various regions. Despite the surging demand, the country has demonstrated resilience in meeting energy needs.

The comprehensive data reveals a nation-wide initiative to boost power generation, with significant contributions from states like Uttar Pradesh, Chhattisgarh, Rajasthan, and Maharashtra. The minister emphasized that the demand has risen by 50.8 percent in energy terms from 2013-14 to 2022-23, reflecting the necessity for continuous infrastructure development.

India's efforts in enhancing its power infrastructure include the addition of 192,000 circuit kilometers of transmission lines, creating a unified national grid. The introduction of innovative products in the renewable energy exchange, such as the Green Day Ahead Market and the Green Term Ahead Market, further underscores India's commitment to sustainable energy practices.

Recognized as one of the world's fastest-growing renewable energy capacities, India has become a favored destination for global investments in renewables. The country boasts a renewable energy capacity of 178,000 MW, with an additional 99,000 MW under installation.

The minister highlighted the success in making the power sector financially viable, with significant reductions in Aggregate Technical and Commercial (AT&C) losses from 22.62 percent in 2013-14 to 16.42 percent in 2021-22. Legacy dues of power generators have plummeted from INR 1.35 lakh crore to INR 6000 crore, illustrating improved financial health.

Various strategic measures, including installing meters on unmetered connections, implementing energy accounting and audit systems, and revising prudential norms, have contributed to this turnaround.

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Energy efficiency

Minister of Power and New and Renewable Energy

Green Day Ahead Market