SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 154

HIGH PRIORITY MARKET- POWER
Power generation has grown rapidly
Ÿ Electricity production in India stood at 1,048.7 BU in FY15, a 8.4 per cent growth over the previous fiscal.
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Over FY10 – 15, electricity production expanded at a CAGR of 6.3 per cent.
Electricity production in India reached 654.5 BU during April-October 2015.
According to the Planning Commission ' s 12th Five Year Plan, total domestic energy production would reach 669.6 million tonnes of oil equivalent( MTOE) by 2016 – 17 and 844 MTOE by 2021 – 22.
Electricity Production in India( BU)
771.6 811.1
CAGR: 6.3 % 876.9 912.1
967.2
1048.7
654.5
FY10 FY11 FY12 FY13 FY14 FY15 FY16 *
Source: BP Statistical Review, Ministry of Power, TechSci Research; Notes: FY- Indian Financial Year( April-March), BU- Billion Unit, CAGR- Compound Annuel Growth Rate, * Provisional *- Date is for April-October 2015.
Thermal power continues to lead in total installed capacity
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As on October 2015, total thermal installed capacity stood at 195.6 GW, while hydro and renewable energy installed capacity totalled 42.5 GW and 36.5 GW, respectively. At 5.8 GW, nuclear energy capacity had increased considerably which otherwise remained the same from 2010 – 15.
For the 12th Five-Year Plan, a total of 88.5 GW of power capacity addition is targeted; of which, 72.3 GW constitutes thermal power, 10.8GW hydro power and 5.3 GW nuclear power.
Installed Capacity for different sources of power- 2016 *( GW) 195.6
42.5 36.5
Source: Ministry of Coal, NHPC, Central Electricity Authority( CEA), Corporate Catalyst India, Tech Sci Research Notes: MW- Magawatt, GW- Gigawatt *- Data is for April- October 2015
5.8 Thermal Hydro Renewables Nuclear
India has the fifth largest power generation capacity in the
reactors and associated components. Foreign participation
world. India ' s installed capacity stood at 272.5 gigawatts
in the development and financing of generation and
( GW), as of FY15. Thermal power, the largest component,
transmission assets, engineering services, equipment
was 189.3 GW, followed by hydro 41.6 GW, renewable
supply and technology collaboration in nuclear and clean
energy 35.8 GW and nuclear 5.8 GW. India ' s total power
coal technologies is also expected to increase.
generation capacity has increased at a Compound Annual
By 2022, the installed power capacity in India is expected to
Growth Rate( CAGR) of 9.4 per cent over FY09 – 15.
reach 350 gigawatts( GW) from 243 GW in 2014, on the
India is the third largest producer of electricity in the world.
back of increasing industrialisation and economic
In FY15, India generated 1,048.7 terawatt-hours( TWh) of
development. The total market size of electrical machinery
electricity. Over FY10 – 15, electricity production expanded
in India is anticipated to reach US $ 100 billion by 2022 from
at a CAGR of 6.3 per cent. As per the 12th Five Year Plan,
US $ 24 billion in 2013.
India is targeting a total of 88.5 GW of power capacity
The electrical machinery sector consists of generation,
addition by 2017, of which, 72.3 GW constitutes thermal
transmission and distribution machinery. The transmission
power, 10.8 GW hydro and 5.3 GW nuclear.
and distribution market expanded at a compound annual
Renewable energy is fast emerging as a major source of
growth rate( CAGR) of 6.7 per cent over FY07-13. Boilers
power in India.
Wind energy is the largest source of
( 16 per cent), cables( 15 per cent) and transmission lines
renewable energy in India. It accounts for an estimated 60
and conductors( 12 per cent) account for a large chunk of
per cent of total installed capacity( 21.1GW). There are
the revenue. The generation equipment market is expected
plans to double wind power generation capacity to 20GW
to expand at a CAGR of 12.7 per cent over FY12 – 22.
by 2022. India has also raised the solar power generation
The exports of electrical machinery rose to US $ 3.9 billion in
capacity addition target by five times to 100GW by 2022.
FY14 from US $ 3.4 billion in FY12. Boilers & parts and
The Government of India has been supportive to growth in
electrical wires and cables were the primary drivers of the
the power sector. It has de-licensed the electrical
increase in exports.
machinery industry and also allowed 100 per cent Foreign
The Government of India has de-licensed the electrical
Direct Investment( FDI) in the sector. Total FDI inflows in the
machinery industry and has allowed 100 per cent foreign
power sector touched US $ 9.7 billion during the period
direct investment( FDI) in the sector. It plans to set up the
April 2000 to May 2015.
Electrical Equipment Skill Development Council( EESDC)
With many bilateral nuclear agreements in place, India is
which would focus on identifying critical manufacturing
expected to become a major hub for manufacturing nuclear
skills required for the electrical machinery industry.
Spotlight on Indian Electronics 2016 | 154