Additional 455 GW capacity needed to meet power demand by 2034.

India will require an additional 455 GW of installed capacity and significant investment in setting up transmission and distribution network to meet the country's power demand by 2034, research firm PwC said.

According to its recent report, titled 'The Future of India: The Winning Leap', there was a need to shift power generation capacity toward non-coal sources and increase use of digital and communication technology to automate information gathering, which can help reduce costs.

'By adopting non-traditional solutions India could increase access to power for more than 300 million additional people by 2034, with annual per capita consumption of 1,800kW for those connected to the grid.

To meet this desired outcome, India would require an additional 455 GW of installed capacity along with significant investments and operational in T&D networks,' the research firm said in a statement.

Using traditional sources to achieve these targets would require investments of almost USD 900 billion over the next two decades, the report said.

ET