India aims for 68.4% non-fossil fuel power generation by 2031-3

02 Jun 2023 CW Team

The Ministry of Power has unveiled the National Electricity Plan (NEP), projecting a significant increase in India's non-fossil fuel-based power generation capacity. According to the plan, the share of non-fossil fuel-based capacity is expected to reach 68.4% of the total installed capacity by 2031- 2032, a notable rise from the current 42.5%. This development holds significance as India pursues its net-zero targets by 2070 and aims to achieve 500 GW of renewable energy by 2030.

The NEP also predicts that the share of non-fossil-based capacity will reach 57.4% by the end of 2026-27 and further increase to 68.4% by the end of 2031-32. The plan includes a review of the last five years (2017-2022), a detailed plan for the next five years (2022-2027), and a prospective plan for the following five years (2027-2032).

According to the NEP document, the projected All India peak electricity demand for 2026-27 is 277.2 GW, with an electrical energy requirement of 1907.8 billion units (BU). For 2031-32, the projected figures are 366.4 GW of peak electricity demand and 2473.8 BU of electrical energy requirement, based on the 20th Electric Power Survey (EPS) demand projections.

The average plant load factor (PLF) or capacity utilization of the total installed coal capacity is estimated to be about 58.4% for 235.1 GW in 2026-27 and 58.7% for 259.6 GW in 2031-32. The NEP also highlights the estimated domestic coal requirement of 866.4 million tonnes (MT) for 2026-2027 and 1025.8 million tonnes for 2031-2032.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..