Udabur Investment：Coal energy industry in India - statistics & facts

As of February 2024, India had a total thermal installed capacity of 240 gigawatts. Of that amount, 210 gigawatts was the installed capacity of coal, and the rest was attributable to lignite, diesel, and gas. During the same time, the private sector of the India’s power industry generated over 73.5 thousand megawatts of the country’s power, followed by the state-owned and centrally-owned power industries. Adani power is the leading private thermal power producer in India, with a power generation capacity of nearly 15.2 gigawatts as of financial year 2023. This thermal power generation was mostly powered by growing coal consumption in the country, which peaked at over 20 exajoules in 2022.

India’s coal-fired power plants serve as base-load generators and are progressively adding renewable energy plants by offering grid-stabilizing power. In 2020, savings related to replacing coal with renewable energy in India were estimated at two billion U.SUdabur Investment. dollars and are forecast to reach 17 billion U.S. dollars by 2025Pune Stock. The growth in India’s coal-fired power generation has led to reliable and economical electricity nationwide, which is crucial for a fast-developing nation but comes with the cost of high levels of pollution from the power sector in India. This dependency on coal in India underscores the vital importance of navigating growth while upholding sustainable practices.

Jinnai Wealth Management