The Central Electricity Authority (CEA) has notified the National Electricity Plan (NEP) (Volume-I Generation) for the period of 2022-32. The plan includes the review of the period 2017-22, a detailed plan for the period 2022-27, and the prospective plan for the period 2027-32.
- According to the NEP document, the projected all India peak electricity demand and electrical energy requirement is 277.2 GW and 1,907.8 BU for the year 2026-27 and 366.4 GW and 2,473.8 BU for the year 2031-32 as per 20th Electric Power Survey demand projections.
- As per the plan, the likely installed capacity for the year 2026-27 is 609,591 MW, and for 2031-32 is estimated to be 900,422 MW. The projection of total capacity addition is in line with the target of the country to achieve a non-fossil based installed capacity of around 500 GW by 2029-30.
- NEP envisages that the share of non-fossil based capacity is likely to increase to 57.4 per cent by the end of 2026-27 and may further increase to 68.4 per cent by the end of 2031-32, from around 42.5 per cent as on April 2023.
- As per the NEP projections, the energy storage capacity of 16.13 GW/82.37 GWh with pumped storage plant (PSP) based storage of 7.45 GW capacity and 47.65 GWh storage and battery energy storage system (BESS) based storage of 8.68 GW/ 34.72 GWh is required by the year 2026-27. The storage capacity requirement increases to 73.93 GW (26.69 GW PSP and 47.24 GW BESS) with storage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS) by the year 2031-32.
- The domestic coal requirement has been estimated to be 866.4 million tonnes (mt) for the year 2026-27 and 1,025.8 mt for the year 2031-32 and estimated requirement of 28.9 mt of coal imports for the plants designed to run on imported coal.
- The total fund requirement for generation capacity addition for the period 2022-2027 is estimated to be Rs 14,541.88 billion and for the period 2027-2032 has been estimated to be Rs 19,064.06 billion.