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India to attract Rs 11.5 lakh crore investment in power generation through 2022

The total fund requirement of Rs 11,55,652 crore for 2017-22 includes Rs 8,52,804 crore investment in projects likely to be commissioned during this period and Rs 3,02,848 crore expenditure needed with respect to advance action for projects likely to be commissioned in 2022-27.

New Delhi: India is likely to attract a massive investment of Rs 11,55,652 crore in power generation sector in the five-year period between 2017 and 2022 in setting up projects across thermal, hydro, nuclear and renewables segment. “A total capacity addition of 58,384 Megawatt (MW) from conventional sources has been envisaged for the period 2017-2022, consisting of 47,855 MW of coal-based power stations, 406 MW of gas-based power stations, 6,823 MW of hydropower stations and 3,300 MW of nuclear stations,” Central Electricity Authority, the power ministry’s planning wing, said in its National Electricity Plan (NEP) report. In addition, the government is also targeting ramping up the country’s renewable energy capacity to 1,75,000 MW by 2022. Of this, 1,17,756 MW is expected to be set up during the period through 2022. The report also said that no additional fund will be required for gas-based generation capacity as the construction of these plants has been completed and could not be commissioned so far due to non-availability of domestic gas. The total fund requirement of Rs 11,55,652 crore for 2017-22 includes Rs 8,52,804 crore investment in projects likely to be commissioned during this period and Rs 3,02,848 crore expenditure needed with respect to advance action for projects likely to be commissioned in the next five year period (2022-27). Of the Rs 8,52,804 crore to be spent through 2022, Rs 1,42,566 crore would be needed for central sector projects, Rs 92,889 crore for state sector projects and Rs 6,17,349 crore for private sector projects. In this estimation, it is assumed that all the renewable projects will be implemented by private developers, the CEA said. In order to assess the fund requirement for generation projects, CEA considered the year-wise phasing of expenditure. It estimated the cost per MW for t