Power Minister Raj Kumar Singh Speaks On India's Power Sector Transformation | ET GBS 2024

India’s power sector is racing ahead to meet the country’s immense and rapidly growing electricity demand, Power Minister Raj Kumar Singh, Minister of Power and Minister of New and Renewable Energy, declared at the recent ET Global Business Summit 2024.

Highlighting India’s remarkable growth trajectory, Singh pointed out that “no other economy is expanding as quickly as ours,” with power demand increasing by 9% annually. In the past decade alone, capacity additions have topped 190,000 megawatts (MW).

This growth is set to continue; Singh targeted adding another 136,000MW along with boosting demand by over 20,000MW. Achieving these goals will be crucial for supporting India’s broader economic growth and development objectives. As Singh stressed, “We are evolving, we are changing.”

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