In a significant stride towards transforming the power sector, the Ministry of Power’s year-end review for 2023 revealed impressive advancements. Over the past nine years, the government has successfully shifted from a power-deficient to a power-sufficient nation, adding 1,94,394 MW of generation capacity, bringing the total installed capacity to 4,26,132 MW. Notably, 8,269 MW of this capacity is from non-fossil fuel sources, emphasizing a commitment to renewable energy.
In the pursuit of electrification, every village and household has been electrified, resulting in a substantial increase in power availability. Rural areas now enjoy 20.6 hours, up from 12 hours in 2015, while urban areas experience 23.8 hours of power supply. The peak demand in 2023-24 increased by 12.7%, reaching 2,43,271 MW, with an encouraging reduction in all India peak shortage to 1.4%.
The Revamped Distribution Sector Scheme (RDSS) showed promising results, with AT&C losses down to 15.41% in FY 22-23. Prepaid smart metering, a crucial element of RDSS, is set to install 250 million meters, enhancing operational efficiency and consumer experience.
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