India is the third-largest producer and consumer of electricity, and the national electric grid comes with an installed capacity of 360.788 GW. India has a surplus power generation capacity. However, it lacks the distribution infrastructure. In an endeavour to enhance and improvise it, the government had launched the Power for All program in 2016. The authorities did succeed to a certain extent; however, the electricity demand is on a constant rise. According to September news reports, there is almost a 7% increase in the electricity demand despite an economic slowdown. Investments are also underway for the development of Ultra Mega Solar Power projects. It is much needed for the country to shift to renewable sources of electricity generation. According to a 2018 research, the investment opportunity in power generation is USD 300 billion, and it is USD 110 billion in transmission and around USD 190 billion in the distribution sector.
Companies that have been helping India meet its power requirement include
It is India’s largest power utility company. Established in 1975, it is one of the world’s largest power major. At present, it comes with 55.786 MW installed capacity and intends to become a 130 GW company by 2032.
Supporting the country’s power requirements since independence, TATA Power is one of the largest integrated power companies in India. Together with its subsidiaries and joint entities, it has a power generation capacity of 11107 MW. Out of this, nearly 33% comes from clean energy sources.
Power Grid Corporation:
It is a notable transmission company. The Power Grid Corporation India Limited is responsible for planning, implementing, operating and maintaining the inter-state transmission system. They also serve the national and regional load dispatch centres.
Founded in 1975, they are into electricity generation and energy trading. The company is engaged in various projects and generates around 4271 MW power. They are also generating power through solar, tidal, wind and other such renewable sources. At present, they operate about 20 hydro-power stations.
NLC India Ltd:
It is India’s largest lignite and power generating companies. Founded in 1956, they own various sizable thermal power stations and coal mines. They also own four ISO certified lignite mines in different parts of the country. They mainly specialise in producing lignite an electric power.
Reliance Power Ltd:
A part of the Reliance Anil Dhirubhai Ambani Group, the company got founded in 1995. The company is into electricity generation and distribution, natural gas exploration, production, transportation and distribution. They own around six coal-fired projects and generate around 14620 MW of electricity.
These are some of the top power companies in India that are supporting the power requirement of the country. These companies are also joining the sustainable movement and are trying to switch to renewable sources of power generation. The government is also making efforts to increase investment in renewable energy. Together with these power companies, India can cater to its power demands and provide better transmission and distribution of electricity in the remotest part of the country.