The country’s power sector is poised to attract investments worth Rs 11.56 trillion between 2017 and 2022. Investments are expected to flow into thermal, hydro, nuclear and renewables segments.
Between April 2000 and June 2018, FDI (foreign direct investment) inflows in the power sector reached $14.18 billion, accounting for 3.64 per cent of the total FDIs drawn by the country. A report by the Indian Brand Equity Foundation (IBEF) attributed the foreign investments into power sector to the 100 per cent FDI allowed in the sector under the automatic route.
India is the third largest producer and consumer of electricity in the world with its installed power capacity reaching 344.72 Gw by September 2018. The government has targeted capacity addition of 100 Gw from 2017 to 2022. Expansion in industrial activity together with growing population and increasing electrification is set to provide impetus to demand.
Power consumption is estimated to rise from 1160.1 TwH (Terawatt-hour) in 2016 to 1894.7 TwH in 2022. Read More
Latest posts by Business-Standard.com (see all)
- Bangladesh bound Bhutanese coal stranded in India following SC order - January 18, 2019
- Oil prices set for third weekly increase on OPEC curbs, demand hopes - January 18, 2019
- BHEL and LIBCOIN in dialogue to build India’s first lithium ion factory - January 18, 2019