Page 48 - Policy Economic Report - December 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

hydro projects saw a slight increase, from 4.99 GW in 2023 to 5.08 GW in 2024, with total capacity,
including pipeline projects, reaching 5.54 GW. Large hydroelectric projects grew incrementally, with
installed capacity rising from 46.88 GW in 2023 to 46.97 GW in 2024, and total capacity, including pipeline
projects, increasing to 67.02 GW from 64.85 GW in the previous year.

In nuclear energy, installed nuclear capacity grew from 7.48 GW in 2023 to 8.18 GW in 2024, while the
total capacity, including pipeline projects, remained steady at 22.48GW.

These impressive figures underscore the Government of India’s continued efforts to scale up renewable
energy capacity and reduce dependence on fossil fuels. MNRE under Union Minister of New and
Renewable Energy Shri Pralhad Joshi has been taking various key initiatives reflecting India’s dedication
to fulfilling its climate commitments while strengthening energy security.

Overall Coal Production in November 2024 Reaches 90.62 Million Tonnes

The Ministry of Coal has achieved a remarkable milestone in November 2024, with overall coal production
reaching 90.62 million tonnes (MT) (Provisional), compared to 84.52 MT in the same month last year,
marking a 7.20% growth.

Coal production from captive and other entities has shown significant progress, reaching 17.13 MT
(provisional) in November 2024, up from 12.44 MT in November 2023, marking an impressive growth of
37.69% (provisional).

Cumulatively, coal production for FY 2024-25 up to November 2024 reached 628.03 MT (Provisional),
compared to 591.32 MT during the same period in FY 2023-24, reflecting a growth of 6.21%. (Provisional)

Additionally, Coal dispatches in November 2024 showed steady improvement, reaching 85.22 MT
(Provisional), up from 82.07 MT in November 2023, reflecting a growth of 3.85%. Dispatches from captive
and other entities experienced a sharp increase, rising to 16.58 MT in November 2024 from 13.19 MT in
November 2023, marking an impressive growth of 25.73%.

Cumulatively, coal dispatches for FY 2024-25 up to November 2024 rose to 657.75 MT (Provisional),
compared to 623.78 MT during the same period in the previous fiscal year, recording a growth of 5.45%
(Provisional).

Ministry of Coal Launched 11th round of Commercial Coal Mine Auctions

Union Minister of Coal and Mines, Shri G. Kishan Reddy, launched the 11th round of Commercial Coal Mine
auctions with a total of 27 coal blocks on offer.

These 27 coal blocks are spread across the states of Jharkhand, Odisha, Chhattisgarh, Maharashtra,
Madhya Pradesh and Arunachal Pradesh and include both fully explored and partially explored mines
including 1 coking coal mine.

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