India’s electricity demand likely to triple to 4 tn units by 2035: Report

INDIA’S electricity demand is expected to record a three-fold jump to a staggering 4 trillion units by 2035, driven by industrial expansion, urban growth, and the electrification of transport, according to a report from OmniScience Capital released on Friday.

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According to the report, by 2035, three transformative sectors ~ electric vehicles (EVs), data centres (DCs), and railways are estimated to be the largest consumers of power, consuming a combined 500 TWh of electricity, accounting for around 12-13 per cent of India’s total projected power demand of 4 TWh.

This marks a pivotal shift in the country’s energy landscape, where traditional industrial and residential consumption is now being complemented by these futuristic drivers.

Energy transition has become critical for a sustainable future; initiatives and policies such as Net-zero, 500 GW Renewable power target, EV adoption, the rooftop solar push, and others are driving this transformation, the report states.