India plans Rs 24,000 cr sovereign green bond as economy goes low carbon

India is not facing any power crisis as the installed electricity generation capacity stood at 395.6 gigawatts (GW) against the peak demand of 203 GW recorded in 2021-22, Parliament was informed on Tuesday.

"There is no power crisis in the country. As on February 28, 2022, the installed generation capacity is around 395.6 GW, which is sufficient to meet the demand of electricity in the country. The peak demand experienced during the current year was only 203 GW," said Power Minister R K Singh in a written reply to the Rajya Sabha.

In another reply to the House, the minister told the House that as per the information compiled by the Central Electricity Authority (CEA), the import of coal reduced to 22.7 MT (million tonnes) during 2021-22 (April-January) as against 39 MT during the same period last year, mainly due to high imported coal price in the international market.