Industry Report on India Electricity Market to 2016

Market reports on India presents the latest report on “Industry Report on India Electricity Market to 2016” http://www.marketreportsonindia.com/consumer-goods-market-research-reports-13645/india-electricity-industry.html The report also highlights leading players in the sector including National Thermal Power Corporation Ltd, Tata Power Company Ltd and Reliance Infrastructure Ltd.

25Th Feb 2016, – Navi Mumbai, India: Market reports on India presents the latest report on “Industry Report on India Electricity Market to 2016”. This was due to a significant increase in both installed capacity and power generation.

This report profiles India’s electricity industry, discussing market trends and outlook through 2015 and beyond. The report also highlights leading players in the sector including National Thermal Power Corporation Ltd, Tata Power Company Ltd and Reliance Infrastructure Ltd.

In FYE March 2015, India’s power supply outpaced power demand again. This was due to a significant increase in both installed capacity and power generation. As a result, the net power deficit shrank by a significant margin. However, India’s fast-paced economic growth and its rapid rate of industrialization and urbanization will continue to fuel energy demand in the long-term. According to the Central Electricity Authority (CEA), an additional capacity of around 76,000 MW is needed to satisfy the projected demand by 2016-17. Given that electricity has become necessary to achieve or maintain India’s economic growth, the government has an ambitious vision to electrify the whole of India in the coming years. Renovation and modernization of old thermal and hydro power plants and large untapped hydro, solar and wind power also give a huge opportunity for growth in the sector.

Nevertheless, poor quality infrastructure still limits India’s growth potential. According to the CEA’s 17th Electric Power Survey of India (EPS) projections, the peak electric demand would reach 298GW by...