1 Executive Summary
1.1 India to achieve 500GW non fossil capacity target two years late in 2032.
1.2 Electricity consumption to grow at a consistent rate.
2 Introduction
2.1 India Power Market
2.2 the analyst Report Guidance
3 India Power Market, Snapshot
3.1 Country Summary
3.2 Macroeconomic Factors
3.3 Supply Security
3.4 Opportunities
3.5 Challenges
3.6 Geopolitical Crisis
4 India Power Market, Market Analysis
4.1 Market Structure
4.2 Key Market Players
4.3 Financial Deals
- Deal Value and Volume, 2015-2023
- Deals by Type, 2023
4.4 India Power Market, Demand Structure
- Power Consumption by Sector, 2023
5 India Power Market, Regulatory Scenario
5.1 Renewable Energy Market, Overview
5.2 Policy Snapshot
5.3 Renewable Energy Targets
5.4 Electricity Act of 2003
- National Electricity Policy (NEP, 2022)
- National Electricity Policy (NEP, 2021)
5.5 Electricity (Amendment) Bill, 2022
5.6 National Renewable Energy Act, 2015
5.7 Cross Border Power Trade Regulation, 2020
5.8 Cross Border Electricity Trade, 2021
5.9 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy
5.10 National Action Plan on Climate Change
- State Action Plan on Climate Change (SAPCC)
5.11 Amendments in National Tariff Policy
5.12 Renewable Energy Certificates
- REC Amendment 2021
- REC Amendment 2022
5.13 Memorandum- “Make in India” for Local Content in Renewable Energy Products
5.14 Memorandum-Quality of Solar Modules
5.15 National Wind-Solar Hybrid Policy
5.16 National Repowering and Life Extension Policy for Wind Power Projects
5.17 Quality Control Manual for Grid Connected Rooftop Solar PV Systems and Solar PV Water Pumping Systems
5.18 Green Term Ahead Market (GTAM)
5.19 Green Energy Corridor
5.20 Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects
5.21 Extension on Waiver of Inter-State Transmission Charges
5.22 Union Budget Allocation
5.23 National Hydrogen Mission
5.24 Pradhan Mantri Suryodaya Yojana (PMSY)
5.25 Renewable Energy Auctions
5.26 Feed-in-Tariffs.
- Small Hydro
- Bioenergy
- Solar Power
- Wind Power
5.27 Support for Renewable Energy, India
- Support for Solar Power
- Support for Wind Power
- Support for Biopower
- Support for Small Hydropower
6 India Power Market, Capacity and Generation
6.1 Cumulative Capacity Share by Technology, 2023
6.2 Total Power Capacity and Generation, 2015-2035
6.3 Thermal Power Capacity and Generation, 2015-2035
6.4 Hydropower Capacity and Generation, 2015-2035
6.5 Nuclear Power Capacity and Generation, 2015-2035
6.6 Renewable Power Capacity and Generation, 2015-2035
7 India Power Market, Transmission and Distribution Overview
7.1 Transmission Network
7.2 Distribution Network
7.3 Electricity Import and Export
7.4 Grid Interconnection
7.5 Electricity Trading
8 India Power Market, Major Generating Companies
8.1 NTPC Ltd
- Company Overview
- Business Description
- SWOT Overview
8.2 Maharashtra State Power Generation Co Ltd
- Company Overview
- Business Description
- SWOT Overview
8.3 Tata Power Co Ltd
- Company Overview
- Business Description
- SWOT Overview
8.4 Adani Power Ltd
- Company Overview
- Business Description
- SWOT Overview
List of Tables
Table 1: Power Market, India, Macroeconomic Factors, 2015-2030
Table 2: Policy Snapshot, India, 2023
Table 3: Renewable energy market, India, state-wise renewable energy targets vs actuals, 2022
Table 4: Renewable Energy Market, India, Renewable Purchase Obligation (%), 2023-2030
Table 5: Renewable Energy Certificate Volume, India, 2023-24
Table 6: Minimum Module Efficiency required to be eligible for enlistment under ALMM
Table 7: SECI 1.2GW ISTS Wind Solar Hybrid Power (Tranche-VI) Auction Results
Table 8: ISTS waiver of Offshore Wind Power projects
Table 9: ISTS waiver of Green Hydrogen and Green Ammonia projects
Table 10: SECI 1.2GW Wind T-XIV Auction Results
Table 11: Indicative Auction Tracjectory for Offshore Wind Power
Table 12: Renewable Energy Auctions, India, 2018-2023
Table 13: Renewable Energy Market, India, FiT for Small Hydro, 2019-2023
Table 14: Renewable Energy Market, India, FiT for Biopower-based Power Plants, FY2022-23
Table 15: Renewable Energy Market, India, Net Metering Regulations in Leading States
Table 16: Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka
Table 17: Power Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Table 18: Power Market, India, Cumulative Capacity and Annual Generation Share by Technology, 2015-2035
Table 19: Thermal Power Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Table 20: Thermal Power Market, India, Major Plants, 2023
Table 21: Hydropower Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Table 22: Hydropower Market, India, Major Plants, 2023
Table 23: Nuclear Power Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Table 24: Nuclear Power Market, India, Major Plants, 2023
Table 25: Renewable Power Market, India, Cumulative Capacity (GW), 2015-2035
Table 26: Renewable Power Market, India, Annual Generation (TWh), 2015-2035
Table 27: Renewable Power Market, India, Major Plants, 2023
Table 28: Power Market, India, Transmission Line Length (Ckm) by Voltage Level, 2015-2028
Table 29: Power Market, India, Distribution Line Length (Ckm) by Voltage Level, 2015-2028
Table 30: Power Market, India, Annual Electricity Import and Export (TWh), 2015-2023
Table 31: Power Market, India, Upcoming Interconnection Projects
Table 32: Abbreviations
List of Figures
Figure 1: Power Market, India, Cumulative Capacity, 2030-2032
Figure 2: Power Market, India, Annual Power Consumption, 2015-2035
Figure 3: Power Market, India, Country Summary
Figure 4: Power Market, India, Macroeconomic Factors, 2015-2030
Figure 5: Power Market, India, Market Structure
Figure 6: Power Market, India, Market Share of Generation Companies (%), 2023
Figure 7: Power Market, India, Deal Value and Number of Deals, 2015-2023
Figure 8: Power Market, India, Deals by Type (%), 2023
Figure 9: Power Market, India, Annual Power Consumption, 2015-2035
Figure 10: Power Market, India, Power Consumption by Sector (%), 2023
Figure 11: Renewable Auctions, Auctioned Capacity (GW) Vs. Awarded Capacity (GW), India, 2017-2023
Figure 12: Renewable Auctions, Awarded Capacity (GW) by Technology, India, 2017-2023
Figure 13: Renewable Auctions, Solar PV Prices ($/MWh), India, 2017-2023
Figure 14: Power Market, India, Cumulative Capacity Share by Technology (%), 2023
Figure 15: Power Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Figure 16: Power Market, India, Capacity Share by Technology, 2015-2035
Figure 17: Power Market, India, Annual Generation Share by Technology, 2015-2035
Figure 18: Thermal Power Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Figure 19: Hydropower Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Figure 20: Nuclear Power Market, India, Cumulative Capacity and Annual Generation, 2015-2035
Figure 21: Renewable Power Market, India, Cumulative Capacity, 2015-2035
Figure 22: Renewable Power Market, India, Annual Generation, 2015-2035
Figure 23: Power Market, India, Annual Electricity Import and Export, 2015-2023
