ENERGY & UTILITIES SECTOR OVERVIEW

Statistics, news & updates: everything you need to know about the Energy & Utilities Industry in India

Energy Industry India

Summary

updated in May 2017

Energy supply has always been a major problem in India, as a lot of people still don’t have access and power cuts and shortages are the daily life of many people. India`s power sector is one of the most diversified in the world. Sources of power generation include conventional sources like coal, lignite, natural gas, oil, hydro- and nuclear power to non-conventional sources like wind, solar, domestic waste and agricultural. The Energy Industry is currently undergoing transformation with the Government aims to make India one of the world’s largest installations of clean energy. One step is to renovate the power supply infrastructure. Another one is to look into green energies like wind or solar power, which would also help to make India’s energy cleaner, as the main source of energy still are fossil products. The Indian Government recognizes the need for private investment in the sector and a lot of initiatives have been made and incentive & schemes introduced to promote investment in the sector. Under the 5 year plan of 2017-2022 the government set a target of capacity addition of100 GW. The Government has also set the target to take the total capacity of renewable Energy to 175 GW by 2022. The Union Budget 2017-2018 reassures the Government’s focus on renewable energy by allocating about $590 million to renewables. All in all, there is a positive outlook for the Energy & Utilities sectors. India is set for a period of rapid, sustained growth in energy demand due to economic development.

Please see our latest Energy & Utilities Industry News here!

Map- Industry Clusters

Growth Drivers

  • The power sector has an investment potential of $ 223.67 billion in the next 4–5 years
  • India ranks third with a focus on Renewable Energy
  • Governmental plans like focus to realize ‘Power for All’
  • 100% rural electrification target by May 2018
  • Major growth drivers are economic growth, increasing urbanization, rising per capita energy consumption

Key Players in India

International

  • GE Power, Panasonic Energy, Shell, ABB, SunEdison, Vestas Group, Enercon, CLP Group

National

  • Torrent Power, BSES, Tata Power, ReGen Powertech, NHPC, NPCIL, J-W Energy, Reliance Power, Adani Power, Damodar Valley Corp. NTPC, Haryana Power Generation, Punjab State Power, RRB Energy, Urjas Energy Solutions, Suzlon, Lanco Infratech, JSW Energy

Market Stats

  • Energy use almost doubled since 2000
  • India aims to achieve the goal of having an electricity capacity of 550 GW by 2022
  • Governmental target of renewable Energy of 175 GW by 2022
  • Renewable energy contributing over 30% of the installed electricity production capacity
  • Ranks 4th in installed wind power capacity
  • Ranks 3rd in installed concentrated solar power (CSP) capacity