The Indian Generation Mix for April to Feb FY 25 consists of the following: Gas + Diesel 2%, Nuclear 3%, Wind 5%, Solar 7%, Hydro 9%, Coal + Lignite 73% and Others 1%. The thermal generates 75% of India’s electricity and renewables contribute to 22% to generation.
IEX has the world’s largest transmission network with the One Nation One Grid notion and 99.9% times no congestion. For distribution & consumption, there are reforms underway - Improving credit ratings of distribution companies, Generators being paid on timely basis and DISCOMS resorting to power procurement optimization. Government aims to increase share of non-fossil fuel in India's electricity generation capacity to 50% by 2030. The drivers of energy transition are new market models, technology progress, changing preferences and regulatory framework.
Outlook
India’s electricity generation is undergoing a steady shift towards renewables, supported by technological advancements, changing market dynamics and government reforms. Technology advancements and evolving consumer preferences are key drivers for energy transition.