Energy sector to bag lion’s share in NIP with Rs 24 trn investment

To improve energy access and sustainability, the Central government’s National Infrastructure Pipeline (NIP) to enhance its focus on the power sector with more than Rs 24 trillion of investment envisaged for the sector. The government expects major private players to contribute a major share.

This comes at a time when private investment in conventional energy space is at an all-time low with Rs 2 trillion worth of stressed assets and renewable energy sector is facing dearth of investors.

In a report released by the Finance Ministry on Tuesday, the Centre laid down the plans for increasing private participation in the energy sector, especially in power distribution. The report forecast India’s per capita energy consumption to go up to 1,616 kwh by 2025 from 1,181 kwh currently.