Hon’ble Minister Manohar Lal | Brainstorming Conclave by CEA on Indian Power Sector SCENARIO BY 2047

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All Power Sector Stakeholders to collaborate to achieve 2,100GW by 2047: Hon’ble Union Cabinet Minister Manohar Lal

· Need to quickly shift towards a more diverse and cleaner energy mix: Hon’ble Minister of State, Shripad Yesso Naik
· National Electricity Plan (Transmission) launched; targets achieving 500GW of renewable energy installed capacity by 2030 and over 600 GW by 2032

New Delhi, 14 October 2024 - The CEA has unveiled its vision for the power sector's development through 2047, emphasising sustainable growth, technological innovation, and meeting the challenges of a rapidly expanding economy.

At the two-day Brainstorming Session on the Indian Power Sector Scenario 2047 Hon’ble Union Cabinet Minister for Power and Housing & Urban Affairs, Shri Manohar Lal, outlined the government's strategy to meet the country's burgeoning energy needs while transitioning to cleaner sources of power.

The conclave is being organised in collaboration with a broad range of stakeholders, including FICCI and CBIP, who serve as the programme partners, among a host of other organisations, reflecting its industry-wide significance.

"By 2047, we anticipate our power demand to reach 708 gigawatts. To meet this, we need to increase our capacity by four times, i.e. 2,100 gigawatts," Hon’ble Minister Manohar Lal stated, highlighting the scale of the challenge ahead. "This is not just about increasing capacity; it's about reimagining our entire energy landscape."

Hon’ble Minister emphasised the critical role of renewable energy in India's future power mix. "We have set an ambitious target of 500 GW of non-fossil energy capacity by 2030, effectively doubling our current capacity," he said. This push towards green energy aligns with India's commitment to reducing carbon emissions by one billion tonnes by 2030 and achieving net-zero emissions by 2070.

Hon’ble Minister praised the CEA for its pivotal role in shaping the sector's future, citing the National Electricity Plan, which was launched at the session. "This plan will provide crucial guidance to state governments and investors, fostering a collaborative approach to sector development," he noted.

The National Electricity Plan (Transmission), developed in consultation with various stakeholders, outlines a comprehensive strategy to achieve the government's energy transition goals. It details the transmission infrastructure required to support 500 gigawatts of renewable energy capacity by 2030, increasing to over 600 gigawatts by 2032. The plan incorporates innovative elements such as the integration of 10 gigawatts of offshore wind farms, 47 gigawatts of battery energy storage systems, and 30 GW of pumped storage plants. It also addresses the power needs of green hydrogen and green ammonia manufacturing hubs, and includes cross-border interconnections. With a planned addition of 190,000 circuit kilometres of transmission lines and 1,270 GPA of transformation capacity over the next decade, the plan presents an investment opportunity of over 9 lakh crore rupees in the transmission sector.

The minister also addressed the challenges of integrating variable renewable energy sources into the grid, emphasising the need for advanced storage solutions. "We are exploring innovative technologies in pump storage facilities and battery storage to ensure 24/7 power availability to our citizens," Hon’ble Minster explained.

Recognising the transformative impact of rapid urbanisation and industrialisation on power demand, the government is focusing on grid infrastructure expansion and upgradation. Hon’ble Minister stressed the importance of creating a skilled workforce to support this modernisation, stating, "We must develop a workforce capable of meeting the demands of a 21st-century energy system."

On occasion, Hon’ble Minister of State for Power and New & Renewable Energy, Shri Shripad Yesso Naik, emphasised the need for meticulous planning to align the power sector with emerging priorities. He called for a swift transition towards a diverse and cleaner energy mix, driven by ambitious sustainability targets. "Significant investment will be needed in renewable technologies, energy storage solutions and grid modernisation," Shri Naik stated. He highlighted the pivotal role of the Central Electricity Authority in shaping the sector's transformation, noting its wide-ranging responsibilities from formulating national electricity plans to setting technical standards. Hon’ble MoS stressed the importance of developing new skills, regulatory frameworks, and market structures to manage the evolving energy landscape, asserting that "electricity is not just a commodity, but a catalyst for growth, development and a sustainable future.