India to boost power generation, transmission infra to achieve 24X7 power for all in 2025
Live MintNew Delhi Dec 29 India will set up more coal-fired and hydro-power plants and ramp up transmission infrastructure to achieve round-the-clock ‘Power for All' in 2025, besides meeting rising demand fueled by economic expansion. To meet the growing energy demand, the government has devised a major plan for power generation capacity addition and the expansion of transmission infrastructure. To evacuate electricity from the additional power generation capacity, the government has planned an investment of ₹9.16 lakh crore to ramp up transmission infrastructure by 2032 to meet the rising demand for electricity. Vikram V, Vice President & Co-Group Head - Corporate Ratings, ICRA said that the power sector witnessed healthy growth in capacity addition in the renewable energy sector in 2024 with 25 GW added in the first 11 months of CY2024 driven by the large project pipeline and favourable module pricing.