Installed energy capacity volume in India 2023, by source

India's highest energy capacity came from thermal energy, amounting to an installed capacity of over 236 thousand megawatts as of February 2023. Close to 70 percent of the country’s electricity generation was from thermal power plants. Coal dominated power supply with a contribution of over 86 percent through thermal power plants. Along with coal, thermal power is generated from lignite, diesel, and gas.

NTPC Limited

NTPC Limited, formerly known as National Thermal Power Corporation, is the largest power company in India. The country’s largest coal-based power plant in Madhya Pradesh is owned and operated by NTPC. The company’s energy sales have been increasing over the years. Recently, the energy conglomerate has ventured into generating electricity from renewable resources.

Rise of renewable energy sector

According to the Central Electricity Authority of India, about 50 percent of the country's power supply will be generated by renewable energy sources by 2030. The south Asian country's government was committed to increased use of clean energy sources and has already witnessed a linear growth in the renewable energy capacity. Additionally, the projects are aimed to create employment opportunities, especially in rural areas.