India has the potential of 181 GW PSPs
As much as 36.3 GW of coal-based thermal capacity is in various stages of planning, clearances and bidding, according to Ministry of Power yearend review of developments in 2024.
The review says 13.4 GW of thermal capacity is expected to be commissioned in FY 2024-25 while 29.2 GW of capacity is under construction.
To address the peak demand of India’s rapidly expanding economy, the Government has awarded 19.2 GW of new thermal capacity, said the review https://www.investindia.gov.in/.
The total installed capacity of coal and lignite-based thermal plants now stands at 217.5 GW, added the review.
India’s total installed power generation capacity has surged by 83.8% over 10 years, increasing from 249 GW as of 31 March 2014 to 457 GW as of 30 Nov 2024 https://www.globaltenders.com/.
The review also reported major expansion in Renewable Energy since April 2014. A total of 129 GW of renewable energy capacity, including large hydro, has been added.
This includes 91 GW of solar power, 27 GW of wind power, 3.2 GW of biomass, 1.3 GW of small hydro, and approximately 6.3 GW of large hydro generation capacity, demonstrating India’s strong commitment to clean energy https://ted.europa.eu/en/.
Further, the Central Government in November 2024 has approved Heo Hydro Electric Project (186 MW) in Arunachal Pradesh to be completed in 50 months at a cost of Rs.1,939 crore.
The Cabinet in its meeting held on 28 Aug 2024 has approved the scheme of “Central Financial Assistance (CFA) towards equity participation by the State Govts. for development of Hydro Electric Projects (HEPs) in North Eastern Region (NER)” https://sbi.com.in/.
Under this scheme, the equity portion of the State Government of North Eastern Region (NER) – capped at 24% of the total project equity, subject to a maximum of Rs.750 crore per project- would be funded through this scheme.
The scheme will be implemented during the period from FY 2024-25 to FY 2031-32, with a total financial outlay of Rs.4,136 crores.
The Cabinet in its meeting held on 11 Sept 2024 has approved the scheme of “Modification of the Scheme on Budgetary Support for the Cost of Enabling Infrastructure for HEPs”. The Rs.12,461 crore scheme is for the period from FY 2024-25 to FY 2031-32.
A cumulative hydro capacity of approximately 31 GW, including 15 GW of Pump Storage Project (PSP) capacity, would be supported under the scheme https://www.iea.org/.
India has the potential of PSPs of about 181 GW with around 5 GW (2.6%) developed so far. The Government has set a target of adding 35 GW PSP capacity by 2031-32 out of which, 6 GW is under construction and rest is under development stage https://www.conexpoconagg.com/.
Target has been set to develop 13,000 MWh of Battery Energy Storage System (BESS) capacity under the Viability Gap Funding (VGF) Scheme. Fiinews.com
