In the current fiscal year, which will end in March 2025, India’s annual electricity production is expected to experience a historic energy increase of 9.3%, reaching 1,900 billion kilowatt hours (kWh).
A historic growth in annual electricity production
This increase represents the fastest growth since fiscal year 2011-2012, driven largely by a combination of intense heat waves and renewed regional economic dynamism.
Since the pandemic stage of 2020 and 2021, electricity generation in India has maintained an average annual growth of close to 8% , exceeding the increase in energy demand observed in the world’s main economies.
In addition, an increase in the demand for energy generated from fossil fuels is anticipated, which is expected to grow by approximately 9% and represent more than 76% of the total produced, for the second consecutive year. In detail, coal-fired power production is projected to increase by 8.9% , while natural gas electricity generation could grow by up to 10.5%.
Renewable energy production, including solar, wind, small hydro and biomass, is also expected to grow by only 8.2% between 2024 and 2025, the slowest pace in four years.
Greater energy capacity in India
Despite increasing its renewable energy capacity to 143.65 GW, India has yet to meet its 2022 target of adding 175 GW of renewable energy to its grid, intensifying its dependence on coal and complicating efforts to decouple your economy from carbon.
On the other hand, hydroelectric production , which suffered a considerable drop last year, is expected to recover with 10.3% growth this year, driven by forecasts of above-average monsoon rains.
Monsoon rains are vital, providing about 70% of India’s annual rainfall and are essential for recharging reservoirs used in electricity generation. This would allow the natural development of hydroelectric plants.
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Source naturalgasworld.com
Photo: Shutterstock
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