India is the world's third-largest producer of electricity and fourth largest consumer of electricity in the world. A total of 17,164 villages out of 18,452 un-electrified villages in India have been electrified up to March 2018 as part of the target to electrify all villages in the country. In 2018, India ranked 4th in the Asia Pacific region out of 25 nations on an index that measures their overall power.
Performance for 2017-2018
Total electricity production stood at 1,003.52 billion units in India between April 2017 and January 2018. With electricity production of 1,201.543 BU in India in FY18, the country witnessed growth of around 55.72 per cent over the previous fiscal year. Over FY10–FY18, electricity production in India grew at a CAGR of 5.69 per cent.
The conventional generation during 2017-18 was 1206.306 BU as compared to 1160.141 BU generated during 2016-17, representing a growth of about 3.98%. India now generates around 1,160.1 billion units of electricity in financial year 2017, up 4.72% from the previous year. The country is behind only China which produced 6,015 terrawatt hours (TWh. 1 TW = 1,000,000 megawatts) and the US (4,327 TWh), and is ahead of Russia, Japan, Germany, and Canada.
Total installed capacity of power stations in India stood at 343.79 Gigawatt (GW) as on April, 2018.
Between April 2000 and December 2017, the industry attracted US$ 12.97 billion in Foreign Direct Investment (FDI), accounting for 3.52 per cent of total FDI inflows in India.
• The Government of India plans to achieve 175 GW capacity in renewable energy by 2022, which includes 100 GW of solar power and 60 GW of wind power.
• Coal-based power generation capacity in India, which currently stands at 192 GW is expected to reach 330-441 GW by 2040.
• The 2026 forecast for India's non-hydro renewable energy capacity has been increased to 155 GW from 130 GW on the back of more than expected solar installation rates and successful wind energy auctions.
• India could become the world's first country to use LEDs for all lighting needs by 2019, thereby saving Rs 40,000 crore (US$ 6.23 billion) on an annual basis.
• The government’s immediate goal is to generate two trillion units (kilowatt hours) of energy by 2019. This means doubling the current production capacity to provide 24x7electricity for residential, industrial, commercial and agriculture use.
• The electricity generation target of conventional sources for the year 2018-19 has been fixed as 1265 Billion Unit (BU). i.e. growth of around 4.87% over actual conventional generation of 1206.306 BU for the previous year (2017-18).