New Delhi, July 16
Investments to set up thermal electricity generation capacities will double to Rs 2.3 lakh crore in India over the three fiscals through 2028, compared with the preceding three fiscals, a report said on Wednesday.
Renewed focus on the segment to help meet India’s growing demand for energy and base load power requirement, said Crisil Ratings.
In the preceding three fiscals, private companies accounted for only 7-8 per cent of the investments.
Over the next three fiscals, private companies will expand their investment, contributing nearly a third, with central and state public sector undertakings accounting for the balance, the report stated.
The government has set a target of at least 80 GW of thermal capacity addition by fiscal 2032.
At present, nearly 60 GW has either been announced or is in various phases of implementation, with private developers taking up nearly 19 GW2, according to the report.
The majority of the private capacities will be operationalised only after fiscal 2028, given that these involve long construction periods.