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Analysis of India's Union Budget: Energy
Sector (Last 2-3 Years) & Visionary Roadmap
Deepak Mahore
CONTENTS
01- 02- 03-
Overview of India's Short-Term Goals Long-Term Goals
Energy Sector (2023-2025) (2025-2030)
04- 05- 06-

Financial Analysis Case Studies & Visionary Roadmap
Success Stories & Conclusion
Overview of India's
Energy Sector
Energy Mix Overview
India's energy mix is dominated by coal (55%),

followed by renewables (23%), oil (18%), and
6% natural gas (6%).
18%
• Renewable energy capacity has grown by 15%
annually over the last 3 years, reaching 150 GW
in 2023.
54%
23%
Key Challenges
High dependency on coal imports, accounting for

25% of total energy imports.
• The power grid has trouble handling renewable
energy sources because they don’t produce a
Coal Renewable Oil Natural Gas steady flow of electricity.
Short-Term Goals (2023-
2025)
Solar Energy Targets
Aim to add 50 GW of solar capacity by 2025, focusing on

rooftop solar and large-scale projects.
• Government incentives include 40% capital subsidies
for residential solar installations.
Wind Energy Initiatives
Target of 20 GW new wind capacity by 2025, with a focus

on offshore wind projects.
• Introduction of wind-solar hybrid projects to optimize
land use and grid stability.
4
Energy Efficiency Programs
01 02
Industrial Energy Efficiency Residential Energy Savings
Expansion of the UJALA scheme to distribute

• Implementation of Perform, Achieve, and
500 million LED bulbs by 2025.
Trade (PAT) Scheme Phase-III, targeting 10%
• Introduction of energy-efficient appliances
energy savings in energy-intensive
with star ratings to reduce household energy
industries.Promotion of energy-efficient
consumption.
technologies like LED lighting and high-
PAT efficiency
cycle 3, 116 motors.
Designated Consumers were chosen from six
industries: thermal power, aluminum, cement, pulp and paper, iron and
steel, and textiles.
• The third PAT cycle began on April 1st, 2017.

• PAT cycle -3 aimed to reduce overall energy consumption by 1.06
MTOE, with targets communicated to 116 Designated Consumers
from six sectors.
• PAT Cycle -3 was completed on March 31, 2020, and its
implementation resulted in energy savings of 1.745 MTOE.
Long-Term Goals (2025-
2030)
Decarbonization Strategy
Target to reduce carbon intensity by 35% from

2005 levels by 2030.
• Phasing out of coal-fired power plants and
replacing them with renewable energy
sources.
Green Hydrogen Mission
Aim to produce 5 million tonnes of green

hydrogen annually by 2030.
• Establishment of green hydrogen hubs and
export corridors to boost the economy.
Infrastructure Development
Smart Grid Implementation EV Charging Infrastructure
Deployment of smart grids across 50% Target to install 1 million EV charging

of the country by 2030 to enhance grid stations by 2030 to support the growing
reliability and efficiency. electric vehicle market.
• Integration of AI and IoT for real-time • Public-private partnerships to
energy monitoring and demand accelerate the rollout of charging
response. infrastructure.
Financial Analysis
01 02
Renewable Energy Funding Energy Efficiency Investments
$2 billion allocated for energy efficiency

• Allocation of $15 billion for renewable energy programs, including industrial and residential
projects in the 2023-24 budget, a 20% sectors.
increase from the previous year.Focus on • Tax incentives for companies adopting
solar and wind energy, with $5 billion energy-efficient technologies.
earmarked for green hydrogen initiatives.

ROI & Economic Impact
Renewable Energy ROI Energy Savings Impact
Expected ROI of 12-15% for solar and wind Projected energy savings of $10 billion annually
projects, driven by falling technology costs and by 2030 through efficiency programs.
government subsidies.
• Reduction in energy imports by 15%,
• Job creation potential of 1 million new jobs in
improving energy security and trade balance.
the renewable energy sector by 2025.
Case Studies & Success
Stories
Bhadla Solar Park
World's largest solar park with 2.2 GW capacity, reducing

CO2 emissions by 4 million tonnes annually.
• Model for large-scale renewable energy projects,
attracting $1.5 billion in investments.
10
Energy Efficiency Wins
UJALA Scheme Impact
Distribution of 360 million LED bulbs, saving 38 billion

kWh of electricity annually.
• Reduction in peak electricity demand by 10,000
MW, equivalent to 5 coal-fired power plants.
Visionary Roadmap Conclusion
Achieve 500 GW of renewable energy capacity, contributing India's energy sector is on a transformative path, with
to 50% of total energy mix. significant investments in renewables and efficiency.
• Transition to a net-zero economy by 2070, with interim • Collaboration between government, private sector,
targets for 2030 and 2050. and international partners is crucial for achieving
long-term goals.
12
•Thank you

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Analysis of India's Union Budget: Energy

Sector (Last 2-3 Years) & Visionary Roadmap

04- 05- 06-

India's energy mix is dominated by coal (55%),

High dependency on coal imports, accounting for

Aim to add 50 GW of solar capacity by 2025, focusing on

Wind Energy Initiatives

Target of 20 GW new wind capacity by 2025, with a focus

Industrial Energy Efficiency Residential Energy Savings

Expansion of the UJALA scheme to distribute

• The third PAT cycle began on April 1st, 2017.

Target to reduce carbon intensity by 35% from

Green Hydrogen Mission

Aim to produce 5 million tonnes of green

Smart Grid Implementation EV Charging Infrastructure

Deployment of smart grids across 50% Target to install 1 million EV charging

Renewable Energy Funding Energy Efficiency Investments

$2 billion allocated for energy efficiency

solar and wind energy, with $5 billion energy-efficient technologies.

earmarked for green hydrogen initiatives.

Renewable Energy ROI Energy Savings Impact

World's largest solar park with 2.2 GW capacity, reducing

UJALA Scheme Impact

Distribution of 360 million LED bulbs, saving 38 billion

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