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Economic survey aptly reflects robust expansion of India’s power sector: Lal
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Monday, 03 February, 2025, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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The Economic Survey 2024-25, presented in Parliament, underscores the remarkable progress of India’s power sector, driven by transformative policy measures and sustained reforms, remarked Union Minister for Power and Housing & Urban Affairs Manohar Lal.
Minister for Power and Housing & Urban Affairs, Lal, lauded the sector’s achievements, emphasising its financial viability and environmental sustainability.
India’s installed power capacity grew by 7.2% YoY, reaching 456.7 GW in November 2024, with renewable energy contributing 47% (209.4 GW). Under Rs 1.85 lakh crore investments, 18,374 villages were electrified, benefiting 2.9 crore households. The revamped distribution sector scheme (Rs 3 lakh crore) focuses on power supply and smart meters. PM Surya Ghar: Muft Bijli Yojana targets 40-45 GW rooftop solar by 2027, while Rs 7,453 crore VGF supports offshore wind energy. The Green Energy Corridor added 9,136 circuit km transmission lines, improving power supply (urban: 23.4 hrs/day, rural: 21.9 hrs/day) and reducing the energy gap to 0.1%.
“The survey aptly reflects the robust expansion of India’s power sector, which has witnessed significant strides under our government’s initiatives. We are committed to ensuring uninterrupted and affordable electricity for every citizen while steering India towards becoming a major energy exporter by 2047, in line with the vision of Viksit Bharat,” the minister stated.
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