Private Sector Controls 52% of 446GW Installed Power Capacity

26 Jul 2024 CW Team

Parliament was informed that the private sector owns over 52 per cent of the country's total installed power generation capacity, which stands at 446 GW. In a written response to the Lok Sabha, Minister of State for Power Shripad Naik noted that the private sector plays a crucial role in India's power generation. He explained that power generation is a de-licensed activity according to the Electricity Act of 2003 and that 100 per cent Foreign Direct Investment (FDI) is allowed in the Indian power sector for generation from all sources except atomic energy.

As of June 30, 2024, the total installed capacity in the country was 446,190 MW, with the private sector contributing approximately 234,065 MW, or 52.5 per cent. The Minister also mentioned that most of the renewable energy projects in India are being developed by private sector players selected through a transparent bidding process.

In another response to the House, the Minister indicated that the rapid expansion and growth of the Indian economy are driving unprecedented increases in electricity demand. He reported that electricity demand in India grew by about 9 per cent during the years 2021-22 and 2022-23.

He further stated that total emissions have risen in line with the increase in electricity generation. However, he also pointed out that the growing share of renewable energy is reducing the carbon intensity of the grid. There has been a significant decrease of approximately 9 per cent in the average carbon emission factor of grid electricity in India from 2013-14 to 2022-23.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..