Private sector owns over 52 per cent of the total installed power generation capacity of 446GW in the country, playing an important role in the sector, Parliament was informed on Thursday.
In a written reply in Lok Sabha, Minister of State for Power Shripad Naik said, "Private sector is playing an important role in India's power generation. Generation is a de-licensed activity as per the Electricity Act, 2003 and 100 per cent Foreign Direct Investment (FDI) in the power sector in India is permitted for generation from all sources (except atomic energy)."
As on June 30, 2024, total installed capacity in the country is 4,46,190 MW and out of which the contribution of the private sector is approximately 2,34,065 MW i.e. 52.5 per cent, he informed the House.
Also, he stated that most of the renewable energy projects in the country are being set up by private sector developers selected through a transparent bidding process.
In another reply to the House, the minister said that with the
