Gujarat's Strategic Move to Meet Rising Power Demand
POWER & RENEWABLE ENERGY

Gujarat's Strategic Move to Meet Rising Power Demand

In a strategic effort to address its increasing power requirements, the Government of Gujarat has projected a demand surge to approximately 36,000 MW by FY 2031-32. This significant rise from the current 24,544 MW in FY 2023-24 highlights the state's energy ambitions, driven by a compound annual growth rate of over 6% over the past five years. This forecast was outlined in the 20th Electric Power Survey (EPS) Report by the Central Electricity Authority (CEA).

To ensure the state meets this anticipated demand, Gujarat Urja Vikas Nigam Limited (GUVNL) and the Gujarat Mineral Development Corporation (GMDC) signed a memorandum of understanding (MoU) on June 25, 2024. The signing ceremony, attended by the Chief Minister of Gujarat, Shri Bhupendrabhai Patel, and Shri Kanubhai Desai, Minister of Finance, Energy & Petrochemical, marks a significant milestone in the state's energy strategy. The MoU focuses on developing coal and lignite-based power stations.

"The signing of this MoU marks a historic milestone as we embark on a journey to secure the energy future of Vibrant Gujarat," stated Kanubhai Desai. "This landmark agreement between GUVNL and GMDC is a testament to our shared dedication to energy excellence. Through collective wisdom and strategic partnership, we are committed to providing reliable and sustainable power for all, ensuring that our state continues to thrive and grow. A self-reliant and Vibrant Gujarat will also be a force multiplier for the country?s economy."

The collaboration aims to leverage significant coal reserves allocated by the Government of India, including two large commercial mines in Odisha with a cumulative mineable coal reserve of 660 million metric tonnes, supporting a potential thermal capacity of approximately 4,400 MW. Additionally, GMDC is advancing its lignite mining operations in Gujarat, expected to add 1,250 MW of lignite-based capacity.

These developments align with Gujarat's goal of ensuring a continuous power supply and meeting its late evening peak power demands more reliably and competitively, securing the state's energy future.

In a strategic effort to address its increasing power requirements, the Government of Gujarat has projected a demand surge to approximately 36,000 MW by FY 2031-32. This significant rise from the current 24,544 MW in FY 2023-24 highlights the state's energy ambitions, driven by a compound annual growth rate of over 6% over the past five years. This forecast was outlined in the 20th Electric Power Survey (EPS) Report by the Central Electricity Authority (CEA). To ensure the state meets this anticipated demand, Gujarat Urja Vikas Nigam Limited (GUVNL) and the Gujarat Mineral Development Corporation (GMDC) signed a memorandum of understanding (MoU) on June 25, 2024. The signing ceremony, attended by the Chief Minister of Gujarat, Shri Bhupendrabhai Patel, and Shri Kanubhai Desai, Minister of Finance, Energy & Petrochemical, marks a significant milestone in the state's energy strategy. The MoU focuses on developing coal and lignite-based power stations. The signing of this MoU marks a historic milestone as we embark on a journey to secure the energy future of Vibrant Gujarat, stated Kanubhai Desai. This landmark agreement between GUVNL and GMDC is a testament to our shared dedication to energy excellence. Through collective wisdom and strategic partnership, we are committed to providing reliable and sustainable power for all, ensuring that our state continues to thrive and grow. A self-reliant and Vibrant Gujarat will also be a force multiplier for the country?s economy. The collaboration aims to leverage significant coal reserves allocated by the Government of India, including two large commercial mines in Odisha with a cumulative mineable coal reserve of 660 million metric tonnes, supporting a potential thermal capacity of approximately 4,400 MW. Additionally, GMDC is advancing its lignite mining operations in Gujarat, expected to add 1,250 MW of lignite-based capacity. These developments align with Gujarat's goal of ensuring a continuous power supply and meeting its late evening peak power demands more reliably and competitively, securing the state's energy future.

Related Stories

Gold Stories

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Next Story
Technology

ideaForge Q1 FY27 Revenue at Rs 680.6 million; EBITDA Turns Positive

ideaForge Technology Limited reported revenue from operations of Rs 68.6 crore in Q1 FY27, while executing more than 20% of its opening order book for the financial year. The company also reported positive EBITDA during the quarter.ideaForge entered FY27 with an order book of over Rs 300 crore and is targeting delivery of the opening order book by Q3, in line with customer timelines. The company said global supply chain disruptions and component availability continue to pose challenges.During the quarter, ideaForge completed a Rs 500 crore Qualified Institutional Placement (QIP), with particip..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement