The Central Electricity Authority (CEA) has notified the National Electricity Plan (NEP) (Vol-I Generation) for the period of 2022-32.
The plan document, which was released on May 31, 2023, includes a review of the last five years (2017-22), a detailed plan for the next five years (2022-27), and the prospective plan for the next five years (2027-32).
According to the NEP document, the projected All-India peak electricity demand and electrical energy requirement are 277.2 GW and 1,907.8 BU for FY27 and 366.4 GW and 2473.8 BU for FY32, as per 20th Electric Power Survey (EPS) Demand projections.
The energy requirement & peak demand are inclusive of the impact due to increased adoption of electric vehicles, installation of solar rooftops, production of green hydrogen, Saubhagya scheme, etc, a government release said.
Based on generation planning studies carried out under the purview of preparation of the National Electricity Plan for the period of 2022-27, the likely installed power generation capacity for FY27 is 609,591 MW, and that for FY32 is 900,422 MW. (See Table T-1)
The projection of total capacity addition is in line with the target of the country to achieve a non-fossil-based installed capacity of around 500 GW by the year 2029-30.
NEP envisages that the share of non-fossil-based capacity is likely to increase to 57.4 percent by the end of FY27 and may further increase to 68.4 percent by the end of FY23, from around 42.5 percent as on April 2023.
The average PLF of the total installed coal capacity of 235.1 GW is likely to be about 58.4 percent in 2026-27and that of 259.6 GW of coal-based capacity is likely to be about 58.7 percent in 2031-32.
The project battery energy storage system (BESS) capacity is projected at 8,680 mw for FY27. For FY32, the estimated figure is 47,244 MW. BESS capacity is based on four-hour storage. The corresponding power available would therefore be 34,720 MWh and 236,220 MWh, respectively.
As per the National Electricity Plan projections, the energy storage capacity of 16.13 GW/82.37 GWh with PSP-based storage of 7.45 GW capacity and 47.65 GWh storage, and BESS-based storage of 8.68 GW/34.72 GWh is required by FY27.
The storage capacity requirement increases to 73.93 GW (26.69 GW PSP and 47.24 GW BESS) with storage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS) by FY32. (See Table T-2)
The domestic coal requirement has been estimated to be 866.4 million tonnes for FY276 and 1025.8 million tonnes for FY32 and an estimated requirement of 28.9 million tonnes of coal imports for the plants designed to run on imported coal.
The total fund requirement for generation capacity addition for the period 2022-2027 is estimated to be Rs.14,54,188 crore and for the period 2027-2032 has been estimated to be Rs.19,06,406 crore. The estimate of fund requirement for 2027-32 does not include advance action for the projects which may get commissioned after March 31, 2032, the release said.