India to Add 4-5 GW Power Capacity Monthly, Invest $3.03 Trillion in Smart Meters
India is set to increase its power capacity by 4 to 5 GW monthly, aiming to meet a projected doubling in demand by 2040, while investing $3.03 trillion in smart meters to enhance efficiency and reduce losses. The government plans to achieve 100 GW of nuclear capacity by 2047 and has already added over 178 GW of renewable energy since 2014, with significant investments planned in electricity generation and transmission. Additionally, the country has identified substantial pumped storage potential, further supporting its energy infrastructure development.
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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.
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