Coal based power capacity needs investment of Rs 6.67 lakh cr to meet demand by 2032: Power Ministry

The Power Ministry has announced a plan requiring a Rs 6.67 lakh crore investment to reach the estimated electricity demand by 2031-32. The Central Electricity Authority determined that the country needs a coal & lignite installed capacity of 283 GW. The country currently produces 217.5 GW. The Government of India aims to add at least 80 GW of coal-based capacity by 2031-32, alongside a push for non-fossil fuel-based electricity generation to reach a target of 50 per cent by 2030. Currently the figure stands at 45.5 per cent.