Increasing Power Demand in India

Topic: Increasing Power Demand in India

According to leading International Consultant Mckinsey and Company’s report “ Powering India – the road to 2017”,  the need for investment in the power sector would be around $600 billion. The need would be around 3,15,000 MW supply compared to present estimates of 1,20,000 MW supply.

The demand is increasing at faster rate due to four key factors:
1) increasing demand in the Industrial sector
2) rapid consumption rate in the domestic sector
3) Governments initiative to provide electricity to all villages by 2012
4) Realisation of the growing demand in power sector

To achieve the target of 3,15,000 MW supply, the generation capacity should be around 4,15,000 MW which is nearly 3-4 times the present generation capacity of 1,40,000 MW. All these indicates a greater investments has to be made in the power sector in the coming days to come. A well planned strategy must come into existence to meet the growing demands.

Source: The Hindu, June 17, Business