NEW DELHI: The energy sector is on the cusp of a mega transformation that will trigger an investment super cycle spread over three key areas – building efficiency, strengthening core infrastructure, and improving the share of non-fossil fuel in total energy consumption.
With per capita income on the rise and per capita power consumption low compared with developed nations, India has potential for a sharp growth in power demand.
Installed power capacity in the country totalled 393GW as of December 2021.
However, efficiency in generation and distribution is crucial, especially given that aggregate technical and commercial losses are over 20%.
Further, as we shift towards non-fossil sources, building reserve capacity and transmission grid infrastructure will be crucial in ensuring energy security.
