India's Power Push: States Propose Listing Utilities Amid Rising Demand

Union Power Minister Manohar Lal has announced that certain states have proposed listing power utilities to raise funds. India is facing a rising power demand, projected to necessitate a Rs 42 lakh crore investment by 2030. Discussions cover renewable energy, financial viability, and innovative solutions.

Union Power Minister Manohar Lal revealed that some states plan to list power utilities on stock exchanges to generate funds, as India's power demand continues to rise.

This increasing demand, which surged to a record 250 GW in May, will require an estimated Rs 42 lakh crore in investments by 2030.

Lal highlighted the need for strategic financial planning, including smart meters and renewable integration, to meet future energy challenges effectively.

(With inputs from agencies.)