India set to reach 900 Gw power capacity with renewables

02 Jun 2023 CW Team

According to the latest National Electricity Plan (NEP) by the Central Electricity Authority (CEA), India is projected to reach a power generation capacity of 900 gigawatts (Gw) by the end of the decade. The majority of this capacity will come from renewable energy sources such as solar, wind, and large hydro.

The CEA, which is the technical arm of the power ministry, prepares the NEP every five years to forecast the country's power generation, transmission, and demand trajectory for the upcoming decade. The latest NEP highlights a significant decrease in coal capacity addition and expects the renewable energy capacity to double from its current levels.

Based on generation planning studies conducted for the period of 2027-32, the estimated installed capacity for 2031-32 is calculated to be 900.4 Gw. Conventional power capacity, including coal, gas, and nuclear, is expected to reach a total of 304 Gw, while renewable energy capacity, including large hydro, is projected to reach 596 Gw. Additionally, the CEA anticipates the emergence of several new energy sources by 2032, such as small hydro (5.4 Gw), biomass (15 Gw), pump storage power (26 Gw), and battery energy storage (47 Gw).

"The share of coal capacity is expected to decrease to 39 percent of the total installed capacity by 2026-27, down from 52.8 per cent in 2021-22. On the other hand, the share of non-fossil-based capacity is likely to increase to 57.4 percent by the end of 2026-27 and potentially rise further to 68.4 per cent by the end of 2031-32, compared to the current level of around 40 per cent," stated the NEP.

India has committed to increasing the share of non-fossil fuel energy sources to 50 per cent by 2030 and aims to achieve a net-zero economy by 2070 as part of its nationally determined contributions to the United Nations Framework Convention on Climate Change.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..