India's Power Generation Strategy Towards 2032: A Transition to Renewables
Key Ideas
  • Government of India plans to add 80 GW of coal-based capacity by 2031-32 to meet electricity demand, while also focusing on non-fossil fuel sources.
  • Various initiatives like FDI up to 100%, waiver of ISTS charges, and setting up Renewable Energy Parks aim to boost renewable energy generation.
  • Measures to reduce emissions from thermal power plants include promoting efficient units and co-firing biomass with coal.
  • The National Green Hydrogen Mission and Green Term Ahead Market are part of India's efforts to promote green hydrogen production and renewable power trading.
The Ministry of Power in India has conducted generation planning studies to address the electricity demand expected by 2031-32. The government aims to increase coal-based capacity by 80 GW, alongside growing non-fossil fuel energy sources. Policy measures include allowing 100% FDI, waiving ISTS charges, and establishing Ultra Mega Renewable Energy Parks. To reduce coal dependency, India targets achieving 50% of electric power capacity from non-fossil fuel sources by 2030, already reaching 45.5%. Steps like PM-KUSUM, Green Energy Corridor Scheme, and Green Energy Open Access Rules have been implemented to promote renewables. The country also launched the National Green Hydrogen Mission to position itself as a global hub for green hydrogen production. Efforts to lower emission levels from thermal plants involve setting standards and promoting efficient units. Biomass co-firing policies have been introduced to support environmental sustainability. The government has issued guidelines for tariff-based competitive bidding in the renewable sector to ensure timely payments to generators. In summary, India's power generation strategy is transitioning towards renewables, emphasizing green hydrogen, renewable energy parks, and emission reduction measures. These initiatives align with the country's commitment to sustainable energy development and reducing carbon footprint.
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