Power sector can fetch $450 billion investment by 2032

Power minister Manohar Lal onThursday said the investment potential in India's power sector is around $450 billion by 2032, driven by large-scale expansion in electricity generation, transmission, distribution and energy storage.

Speaking at the curtain raiser event for the Bharat Electricity Summit, Lal said the country has moved decisively from a power-deficit phase to a surplus regime, allowing policymakers to plan for long-term growth, reliability and clean energy integration.

Bharat Electricity Summit 2026 will be held from March 19 to 22 in New Delhi.


"India is no longer addressing shortages. We are managing surplus power, strengthening grid resilience and preparing for rapidly rising demand. This transition will require sustained investments across generation, transmission, distribution and energy storage," the minister said.

Over $345.97 billion in electricity generation is expected in the next seven years. The transmission and distribution sector has an additional potential of $68.22 billion.

The energy storage sector alone offers an opportunity of $35.21 billion, he said.

The addition in transmission reflects the measures to evacuate renewable power from resource-rich regions and strengthen grid reliability.

The energy storage segment include battery energy storage systems and pumped storage projects.

Lal highlighted that India's installed power generation capacity has more than doubled over the past decade from to over 510 GW in November 2025 from 249 GW in March 2014.

He said the country successfully met a record all-India peak demand of 250 GW in 2024, underscoring the growing robustness of the national grid.

India has already achieved 52% non-fossil fuel capacity in its installed power mix, the minister said.