Power Engineering Plus 54,964 MW: India's Energy Markets Booms
India boost its power sector with a mixture of public and private investments: The country plans to add 54,964 MW of generating capacity within the next five years, the national Ministry of Power states...
Mumbai/India – The Indian power sector is one of the most diversified in the world: India is the fifth largest producer of electricity in the world according to the Planning Commission. Currently, the State Governments account for 51.5 per cent of the total generation capacity, the central sector and the private sector account for 33.1 per cent and 15.4 per cent of the generation capacity respectively.
Private Sector Accounts for 33% Of India's Generating Capacity
Sources for power generation range from commercial sources like coal, lignite, natural gas, oil, hydro and nuclear power to other viable non-conventional sources like wind, solar and agriculture and domestic waste. The capacity addition achieved in the 11th plan has already surpassed the achievement of the earlier plans: A capacity of 54,964 MW has been added with significant contribution from the private sector.
Now the government is making serous efforts to achieve a much higher capacity addition of about 88,000 MW in 12th plan.
The private contribution to the country's generating capacity has increased from 10 % in the 10th plan to approximately 42 % in the 11th plan and during 12th plan; it is expected to be more than 50 per cent. A capacity addition target of 17956 MW has been fixed for 2012-13.