Page 42 - Policy & Economic Report - June 2025

POLICY AND ECONOMIC REPORT
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with the 250 MW variable-speed pumped storage hydropower unit, have been supplied by GE Vernova.
GE Vernova is a global energy company that produces advanced technologies to harness hydropower and
deliver reliable energy solutions.

Also present at the occasion were Shri L.P. Joshi, Executive Director (Tehri Complex), THDCIL, along with
senior officials from THDCIL and representatives from the project consortium comprising GE Vernova,
HCC, and other key stakeholders from the power sector.

India successfully met peak power demand of 241 GW on 9th June, 2025 with zero peak shortage: Shri
Manohar Lal

Union Minister Shri Manohar Lal highlighted 11 years of transformative growth in power sector in a press
conference in New Delhi.

He said that it is our goal to make power accessible to everyone and at all times and the government is
aiming for 100% electrification of households across the country. Union Minister Shri Manohar declared
that India has become power sufficient meeting all its power demands and well on the path of power
surplus country.

1. India Meets Peak Demand with Zero Shortage

Union Minister Shri Manohar Lal informed that demonstrating remarkable growth and resilience, India
successfully met peak power demand of 241 GW on 9th June, 2025.

This achievement, underscores the nation's robust power infrastructure, with zero peak shortage
reported.

2. Big Push to Battery Energy Storage: VGF Scheme for 30 GWh Battery Storage

Shri Manohar Lal announced that in a massive push for energy security and renewable integration, the
Ministry of Power has approved a Viability Gap Funding (VGF) scheme for 30 GWh of Battery Energy
Storage Systems (BESS), in addition to the 13.2 GWh already underway.

This Rs 5,400 Crore scheme aims to attract Rs 33,000 Crore in investment, meeting the country's BESS
requirement by 2028.

3. Boost for Storage: ISTS Waiver Extended for Storage Projects

Union Minister Shri Manohar Lal in the press conference stated that the waiver of Inter-State Transmission
System (ISTS) charges for storage projects has been extended until 30th June, 2028, benefitting Pumped
Storage Projects awarded and Battery Energy Storage Systems commissioned before this date.

This extension is crucial for meeting India's growing storage needs and optimising the utilisation of
transmission lines.

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