Article

India's revised National Electricity Policy, mandated by the Electricity Act of 2003, aims to achieve a developed nation status by 2047 through a financially viable and sustainable power sector. Key targets include reducing distribution sector financial distress, achieving 45% emission intensity reduction by 2030, and aiming for 100 GW of nuclear power by 2047.

The policy mandates cost-reflective tariffs starting FY 2026-27, targets single-digit Aggregate Technical & Commercial losses, and encourages renewable energy projects near load centers. It proposes a phased rollout of smart infrastructure, including smart meters and Distribution System Operators.

The initiative emphasizes a transition to a Carbon Credit Trading Scheme for industries, solarisation of agricultural feeders by 2030, and significant investment requirements projected at ₹50 lakh crore by 2032 and ₹200 lakh crore by 2047. The policy also outlines plans for enhanced grid reliability and green finance mechanisms.