India has an estimated 21,133 MW of small-hydro potential, of which at least 5,000 MW has been developed, leaving around 75 percent untapped, mostly in Himalayan and northeastern states, according to government data seen by Moneycontrol.
Tata Power has 5.4 GW of projects in pipeline and we will be able to complete all this in the next two years. So, any new bid that we win will come only in the third year. This is in fact the current scenario for the entire renewable energy sector in India, which is why the government is reassessing its scale of tendering such projects, Sinha said.
Tata Power reported a marginal decline in its consolidated net profit for the second quarter of FY26, coming in at Rs 919.4 crore, down 0.7 percent year-on-year from Rs 926.5 crore. CEO Praveer Sinha attributed this to heavy monsoon across India which dampened electricity demand.
India has drawn a plan to build hydro projects totaling 65,000 MW across its Brahmaputra basin against China’s 60,000 MW plant, construction of which began in July this year.
Thermal power generation, however, remains subdued on weak demand
Praveer Sinha, CEO of Tata Power, also said the company plans to double its rooftop solar business from the current 25,000 installations per month to 50,000 by the end of FY26.
India's peak power demand touched 243 GW this year, much lower than the previosuly projected 270 GW. Senior power ministry officials now expect to see the current year's peak power demand in September, courtesy an early onset of monsoon and pre-monsoon rains during summers.
India has beefed up its security for its strategic infrastructure such as power plants and refineries, even as the foreign secretary warned Pakistan against any attack on Indian assets.
The government has done a review of all under-construction projects in J&K and told contractors that delays are unacceptable, power secretary Pankaj Agarwal has told Moneycontrol
Due to the treaty, India's plan to build dams to regulate waters from the western rivers to Pakistan have remained constrained but the latest developments offer a window of opportunity to fast-track projects.
Coal-fired power is going to continue to do the heavy lifting by meeting 70-74% of the peak demand this summer. Like last year, the government plans to use state-run gas-based plants too, for which it has issued a tender to procure 1,800 MW of gas-based power. Besides, coal stocks at thermal power plants are at 51 million tons that would last for more than 21 days.
Raj Kumar Chaudhary, CMD, NHPC Ltd told Moneycontrol that other than its operational hydropower capacity of 6,571 MW, the company has an additional 9,314 MW of hydro capacities under construction.
Arunachal Pradesh alone has hydropower potential of about 58,000 MW, which is about 40 percent of India's total hydropower potential, according to the state's electricity commission.
The modifications will now include costs to build "Enabling infrastructure" such as roads/ bridges, transmission lines, ropeways, railway sidings and communication infrastructure
The depleting hydroelectricity output amid irregular rainfall in the past fiscal has led to a lower water level available in the country's primary reservoirs which could further reduce India's hydropower generation during the summer, the report said.
Shirvaikar said the company’s key forte will continue to be hydropower projects for years to come with its share not going below 50 percent. She added that Patel Engineering will expand its base in the pumped storage, irrigation and water supply sectors.
The 16.3% drop in generation from the country's biggest clean energy source coincided with the share of renewables in power generation sliding for the first time since Prime Minister Narendra Modi made commitments to boost solar and wind capacity at the United Nations climate talks at Paris in 2015.
Overall, the government is looking to tap capacity of 16,200 MW, of which 10,000 MW is the biggest challenge as they are owned by private entities and state governments. The remaining 6,200 MW are Central government-run plants, which are already operating up to 3,200 MW currently.
Railways is also likely to increase its rakes to the power sector by about seven percent, but if the power demand continues to surge at a CAGR of 8-10 percent or more, then even an increase in coal production will not help due to logistical constraints. Besides, rising night-time peak demand remains a major concern in the absence of renewable energy with storage.
Despite a weak third quarter, analysts remain bullish on the counter due to 2.5 percent dividend yield
The Union minister informed that another 18,000 MW of hydro projects are currently under construction and 13,000 MW are under various surveys and investigations.
PSPs require a high capital expenditure, but in the long run, they are cost and space-effective since they have a much longer life than battery energy storage systems (BESS) and do not require mining of critical minerals, which currently is mostly imported in India.
India has to move its energy-intensive activity towards green energy. Re-localisation of manufacturing to places where cheap reliable green energy is produced is needed, Ricardo Hausmann, founder-director of Harvard Growth Lab, said
Four mega hydro electric projects in J&K with a total capacity of 3,014 MW – namely PakalDul, Kiru, Kwar and Ratle - which were either stalled or could not commence due to various issues for past so many years have now been fast-tracked and are fully on track for completion before 2026, Minister Singh said
However, challenges remain on the execution front with respect to delays in land acquisition and transmission connectivity, which could hamper the capacity addition prospects, the agency stated.