The Central Electricity Authority (CEA) of India has notified the National Electricity Plan (NEP) (Vol-I Generation) for the period of 2022-32. The likely installed capacity for the year 2026-27 is 609,591 MW comprising of 273,038 MW of conventional capacity (Coal 235,133 MW, Gas 24,824 MW, Nuclear 13,080 MW) and 336,553 MW of renewable based capacity (large hydro 52,446 MW, solar 185,566 MW, wind 72,895 MW, small hydro 5,200 MW, biomass 13,000 MW, pump storage plants 7,446 MW) along with BESS capacity of 8,680MW/34,720 MWh.
The likely installed capacity for the year 2031-32 is estimated to be 900,422 MW comprising 304,147 MW of conventional capacity (Coal 259,643 MW, Gas 24,824MW, Nuclear 19,680MW) and 596,275MW of renewable based capacity (Large hydro 62,178 MW, Solar 364,566MW, Wind 121,895MW, small hydro 5,450 MW, biomass 15,500 MW, PSP 26,686MW; excluding 5,856 MW of likely hydro based imports) along with BESS capacity of 47,244MW/236,220MWh.
According to the NEP, the share of non-fossil based capacity is likely to increase to 57.4 per cent by the end of 2026-27 and reach 68.4 per cent by the end of 2031-32 from around 42.5 per cent as on April 2023. The funds requirement is Rs 33,600 billion for power generation capacity addition from 2022-2032. This includes Rs 14,541.88 billion for 2022-2027 and Rs 19,064.06 billion for 2027-2032 .
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