A “supercharger” to provide power to 1.5 billion people by 2050 could boost the country’s power generation capacity by up to 50 percent, a senior official of the National Power Corporation of India has said.
“This will be an enormous boost in power generation,” Ajay Agrawal, who is in charge of the project, told reporters at a press conference in New Delhi.
“We have a lot of infrastructure projects that we need to do, including the power supply to the national capital.”
The project will cost about Rs 2,400 crore ($300 million) and is expected to start operating in 2020, he said.
The government will provide funding of about $2.3 billion ($1.7 billion) for the project.
The supercharger is expected provide around 3,000 megawatts of power to the country, according to a government estimate, which will be sufficient to power a city of 2.5 million people and a city with around 1.2 million residents.
India’s power grid needs about 5,000MW of power a day to meet growing demand from urban areas, and the country needs more than 50GW of power by 2050 to meet the countrys needs, according to a 2015 report by the World Bank.
India is already the world’s largest importer of coal, with nearly 60% of its electricity coming from coal.
India’s national energy regulator has also proposed setting up of a central regulator to manage the country ‘s coal sector.