India to Add 4-5 GW Power Capacity Monthly, Invest $3.03 Trillion in Smart Meters
India is adding 4 to 5 GW of power capacity monthly to its current total of 514 GW, anticipating a doubling in power demand by 2040. The government is rolling out smart meters with a $3.03 trillion investment to reduce losses for distribution companies.
The SHANTI Bill aims for 100 GW of nuclear capacity by 2047. India has added over 178 GW of renewable capacity since 2014, including 130 GW of solar. The country’s transmission lines will soon reach 5 lakh circuit kilometres.
The Power Ministry estimates $345 billion in electricity generation investments and $68.22 billion in transmission and distribution. The Inter-State Transmission System has commissioned 48 GW of renewable energy capacity, with 172 GW under construction. India has identified 258 GW of pumped storage potential, with 7 GW commissioned and more to be added by 2030.
