A report published on Monday by The Energy and Resources Institute (TERI) said power plants to be added after 2023-24 could be completely renewable energy-based.
Reiterating the government’s draft electricity plan finding that current installed and under-construction capacity would be able to meet demand till 2026, TERI also estimated that no new investment is likely to be made in coal-based power generation before that.
The report forecasts power demand to rise to 1,692 billion units (BU) in 2022 and 3,175 BU in 2030. The country required 91.6 BU of power in December 2016. TERI also sees renewable generation capacity to be in the range of 125-175 GW in 2021-22. At the end of January, renewable generation capacity stood at 50 GW out of the total of 314.6 GW.