National electricity plan 2022-32

The Central Electricity Authority (CEA) has notified the National Electricity Plan (Volume-I Generation) for the period of 2022-32. The plan includes the review of the period 2017-22, a detailed plan for the period 2022-27, and the prospective plan for the period 2027-32. As per the plan, the likely installed capacity for the year 2026-27 is 609,591 MW, and for 2031-32 is estimated to be 900,422 MW. The projection of total capacity addition is in line with the target of the country to achieve a non-fossil based installed capacity of around 500 GW by 2029-30. NEP envisages that the share of non-fossil based capacity is likely to increase to 57.4 per cent by the end of 2026-27 and may further increase to 68.4 per cent by the end of 2031-32, from around 42.5 per cent as on April 2023. The total fund requirement for generation capacity addition for the period 2022-2027 is estimated to be Rs 14,541.88 billion and for the period 2027-2032 has been estimated to be Rs 19,064.06 billion.