India meets 241 GW peak power demand

Funding was also approved for 30 GWh of battery energy storage.

India has announced that it met its peak power demand of 241 gigawatts (GW) on 9 June.

According to Union Minister Manohar Lal this was achieved with zero peak shortage reported.

He also announced that the Ministry of Power has approved an INR 5,400 crore Viability Gap Funding scheme for 30 gigawatt-hours (GWh) of battery energy storage systems (BESS). This was in addition to the 13.2 GWh already underway.

This investment aims to attract INR 33,000 crore in investment to meet country's BESS requirement by 2028.

The union minister said the waiver of Inter-State Transmission System (ISTS) charges for storage projects has been extended until 30 June 2028, benefitting pumped storage projects awarded and BESS commissioned before this date.

For transmission, the minister said India will invest INR 53,000 crore for an Ultra High Voltage Alternating Current (UHV AC) Transmission System. The government has identified nine 1,100 kilovolt (kV) lines and ten substations for development by 2034.

To attract more private investors, the Late Payment Surcharge (LPS) Rules have been expanded to include Intra-State Transmission Systems.

India added its highest-ever generation capacity of 34 GW during 2024 to 2025, with renewable energy accounting for 29.5 GW.  The country currently has 472.5 GW installed capacity, up from 249 GW in 2014.