India's power demand projected at 708 GW by 2047; 2,100 GW capacity planned

15 Oct 2024 CW Team

The two-day conclave, organized by the Central Electricity Authority (CEA) in partnership with FICCI, CBIP, and other stakeholders, aimed to outline India’s strategy to address its growing energy needs while transitioning to cleaner energy sources. The minister emphasized that this initiative goes beyond merely increasing capacity and involves reimagining the entire energy landscape.

A significant aspect of the government’s strategy is its focus on renewable energy. The minister mentioned that an ambitious target has been set for 500 GW of non-fossil energy capacity by 2030, effectively doubling the current capacity. This goal aligns with India's commitment to reducing carbon emissions by one billion tonnes by 2030 and achieving net-zero emissions by 2070.

During the event, the CEA introduced the National Electricity Plan, which details the necessary transmission infrastructure to support 500 gigawatts of renewable energy by 2030, increasing to over 600 gigawatts by 2032. This plan involves considerable investment in advanced technologies, including the integration of 10 gigawatts of offshore wind farms, 47 gigawatts of battery energy storage, and 30 gigawatts of pumped storage plants. The minister also highlighted the government's efforts to secure ?9 lakh crore in investments for the transmission sector.

Minister of State for Power, Shripad Yesso Naik, stressed the importance of future planning. He indicated that significant investments would be required in renewable technologies, energy storage solutions, and grid modernization. Naik called for a swift transition toward a diverse and cleaner energy mix to meet sustainability targets.

Pankaj Agarwal, Secretary of the Ministry of Power, underscored India’s crucial role in the global clean energy movement. He noted that G20 members have committed to tripling renewable energy capacity and doubling the rate of improvement in energy efficiency. Agarwal added that the vision of One Sun, One World, One Grid will be central to India’s strategy moving forward.

India's power demand is projected to rise to 708 gigawatts by 2047, which will require a fourfold increase in the current capacity to 2,100 gigawatts, according to Union Power Minister Manohar Lal during the Brainstorming Session on the Indian Power Sector Scenario 2047 held in New Delhi. The minister explained that meeting this demand entails a complete transformation of the energy landscape. The two-day conclave, organized by the Central Electricity Authority (CEA) in partnership with FICCI, CBIP, and other stakeholders, aimed to outline India’s strategy to address its growing energy needs while transitioning to cleaner energy sources. The minister emphasized that this initiative goes beyond merely increasing capacity and involves reimagining the entire energy landscape. A significant aspect of the government’s strategy is its focus on renewable energy. The minister mentioned that an ambitious target has been set for 500 GW of non-fossil energy capacity by 2030, effectively doubling the current capacity. This goal aligns with India's commitment to reducing carbon emissions by one billion tonnes by 2030 and achieving net-zero emissions by 2070. During the event, the CEA introduced the National Electricity Plan, which details the necessary transmission infrastructure to support 500 gigawatts of renewable energy by 2030, increasing to over 600 gigawatts by 2032. This plan involves considerable investment in advanced technologies, including the integration of 10 gigawatts of offshore wind farms, 47 gigawatts of battery energy storage, and 30 gigawatts of pumped storage plants. The minister also highlighted the government's efforts to secure ?9 lakh crore in investments for the transmission sector. Minister of State for Power, Shripad Yesso Naik, stressed the importance of future planning. He indicated that significant investments would be required in renewable technologies, energy storage solutions, and grid modernization. Naik called for a swift transition toward a diverse and cleaner energy mix to meet sustainability targets. Pankaj Agarwal, Secretary of the Ministry of Power, underscored India’s crucial role in the global clean energy movement. He noted that G20 members have committed to tripling renewable energy capacity and doubling the rate of improvement in energy efficiency. Agarwal added that the vision of One Sun, One World, One Grid will be central to India’s strategy moving forward.

Resources

11 May 2026

BirlaNu Opens First Vijayawada Experience Centre

BirlaNu, part of the CKA Birla Group, has launched its first Experience Centre in Vijayawada, Andhra Pradesh, marking a strategic expansion in South India.Located at Mahatma Gandhi Road, Governorpet, the centre showcases BirlaNu’s portfolio across walls, floors, pipes, putty and construction chemicals through simulated real-world application displays. The format allows customers, contractors and architects to directly evaluate products before specification or purchase.The company said the initiative addresses a long-standing gap in the building materials sector, where purchasing decisions ar..

Real Estate

11 May 2026

Adobe Leases 158,000 Sq Ft at Max Square Noida

Max Estates has announced Adobe’s upcoming move into approximately 158,000 sq ft office space at Max Square, its commercial development on the Noida-Greater Noida Expressway.The transaction is among the larger office leasing deals involving a global technology company in Noida. Max Square is an IGBC Platinum-certified office project developed around the “where nature meets work” concept.The company stated that Max Square, along with Max House and Max Towers, has remained fully leased for over a year. Earlier this year, AML RightSource had also leased around 157,000 sq ft at the developme..

Real Estate

11 May 2026

Annapurna Hostels Focuses on Student Housing Quality

Annapurna Hostels has increased its focus on high-quality construction and infrastructure development across its student housing projects as demand for organised accommodation continues to rise.The company said it is adopting modern construction techniques and quality building materials to create safe, durable and well-designed hostel infrastructure. Its approach includes improved ventilation, efficient space utilisation and maintaining clean and secure living environments for students.Commenting on the initiative, Kunwar Gaurav Giri said the company aims to develop strong and safe structures ..