New Delhi, March 20: Union Power Minister Manohar Lal Khattar on Thursday said India’s power sector is entering a new phase driven by innovation, affordability, and global collaboration, underscoring the country’s rapid transformation in the energy landscape.
Speaking at the Bharat Electricity Summit 2026, the minister noted that India has already achieved 50 per cent cumulative non-fossil fuel-based electricity capacity ahead of schedule, marking a significant milestone in its clean energy transition.
He highlighted key policy initiatives such as PM Surya Ghar Muft Bijli Yojana and SHANTI Act 2025, which have accelerated renewable energy adoption and strengthened the sector’s sustainability framework.
Khattar emphasised that India has transitioned from a power-deficit to a power-surplus nation, supported by rapid renewable capacity expansion. Solar power capacity has surged from 2.8 GW to over 143 GW in recent years, reflecting strong growth momentum.
The minister also pointed to rising electricity demand, noting that India is preparing to meet peak demand beyond 270 GW after successfully managing 250 GW in FY25.
Looking ahead, he said the sector is expected to attract investments of around ₹200 lakh crore over the next two decades. Strategic priorities include expanding transmission infrastructure, enhancing cross-border energy connectivity, and developing undersea transmission networks to position India as a global exporter of affordable energy.
Describing the summit as a “Conference of Light,” Khattar said it reflects India’s ambition to lead the global energy transition and achieve its vision of becoming a developed nation by 2047.
Union Minister Pralhad Joshi also addressed the gathering, emphasising that while thermal power will remain relevant, renewable energy represents the most sustainable path forward, calling for a balanced transition driven by scale, speed, and skill.
