The Indian power sector is undergoing noteworthy changes that have redefined the industry’s outlook for the next decade. Sustained economic growth and the Government of India’s focus on attaining ‘Power for all’ continues to drive electricity demand in India.
Providing all homes with electricity connections translate into 28,000 MW of additional peak demand, that coupled with the next goal to provide 24x7 reliable power supply, suggests that the annual power demand is projected to further grow at 7 per cent.
To be able to meet this surging demand and provide cleaner, cheaper and more reliable access to power, hundreds of billion dollars of investment in infrastructure and technology are required. Starting with additional generation capacity, flexible & more efficient transmission, distribution network and energy efficiency measures for both large and residential customers.
To be able support the rapid economic growth & 24x7 access to affordable power, the current transmission and distribution networks would also need to expand & upgrade, managing not just the increase of renewables on to the grid but also the higher peak demands during the day. Over 290 million traditional electric meters installed nationwide further necessitate the large-scale deployment of smart meters for achieving the goal of 24X7 power for all Indians.
Finally, to minimize the forecasted increase in peak demands and reduce the overall carbon footprints, energy efficiency measures need to be implemented across industries. These smart, more decentralised, and yet more connected systems will help change the future of India’s and help its Government to achieve key objectives.
Indian Utility Week, DISTRIBUTECH India and co-located POWERGEN India offer a unique platform to explore opportunities in this exciting “Indian Energy Transition”