New Delhi: The private sector owns over 52 percent of the total installed power generation capacity of 446 GW in the country, playing an important role in the sector, Minister of State (MoS) for Power Shripad Yesso Naik told the Lok Sabha on Thursday in a written response. "Private sector is playing an important role in India's power generation. Generation is a de-licensed activity as per the Electricity Act, 2003 and 100 percent Foreign Direct Investment (FDI) in the power sector in India is permitted for generation from all sources (except atomic energy)."
As on June 30, 2024, the total installed capacity in the country is 4,46,190 MW and out of which the private sector owns approximately 2,34,065 MW, or 52.5 percent, the Lower House of Parliament was informed.
The minister said that most of the renewable energy projects in the country are being set up by private sector developers selected through a transparent bidding process.
In a separate response to another question raised in the Lok Sabha, the minister had said that India's plans to add 80 GW of thermal power capacity by 2031-32 will entail an expenditure of Rs 6.67 lakh crore. The government is keen on making the power sector financially viable to seek investments from the power sector.
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