The projections were made during a Meeting of the Parliamentary Consultative Committee of Members of Parliament for Ministry of Power here last evening. Union Power Minister Manohar Lal chaired the meeting.
As per 20th Electric Power Survey (EPS) report published by the Central Electricity Authority (CEA), the peak demand and energy requirement is pegged at around 366 GW and 2474 BU by 2031-32, it stated.
Energy Storage capacity is an important aspect in achieving the targets of NEP. Energy storage capacity of 16.13 GW/82.37 GWh with PSP(pumped storage) 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 2026-27.
The projections of total capacity addition are in line with the target of the country to achieve a non-fossil based installed capacity of 500 GW by 2029-30, it stated.
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