Investments in thermal power generation are projected to double to ₹2.3 lakh crore by 2027-28, driven by rising energy demand and the need for base load power. Private sector participation is expected to increase significantly, contributing nearly a third of the total investment.
The Supreme Court has sided with the Himachal Pradesh government, mandating JSW Hydro Energy to supply 18% free electricity from its Karcham Wangtoo plant. This decision overturns a High Court order that had limited the free supply to 13%, reinforcing contractual obligations over regulatory caps.
Crisil Ratings projects a doubling of investments in thermal power. This surge aims to meet India’s escalating energy needs. Investments are expected to reach Rs 2.3 lakh crore by fiscal year 2028. Private companies will contribute a third of the investment. The government targets 80 GW of thermal capacity by fiscal year 2032.