1、 2026KPMG.Make the Difference.Delivering Thermal Power projects rightRebuilding execution capability for Indias next expansion cycle 2026 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms a

2、ffiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2Delivering Thermal Power Projects RightIn an environment marked by global supply disruptions,fuel volatility,and geopolitical uncertainty,energy security has emerged as a central policy and

3、strategic priority.Ensuring the availability of reliable,domestically controlled power sources is increasingly viewed not only as an economic imperative,but also as a matter of national energy sovereignty.Peak electricity demand has already crossed 250 GW,representing a 46%increase over the last dec

4、ade,while total installed capacity stands at 520 GW as of January 20261.Despite renewables accounting for more than 50%of installed capacity,system reliability continues to depend on firm,dispatchable power,particularly during peak loads,extreme weather events,and periods of renewable intermittency.

5、With per-capita electricity consumption projected to rise from 1,400 kWh today to 4,800 kWh by 20502,Indias energy system must expand not only in scale,but also in resilience and reliability.In this context,balanced power generation is no longer optional-it is both policy and operational reality.Whi

6、le renewables,storage,and nuclear power remain central to Indias long-term decarbonisation pathway,thermal power continues to serve as the systems reliability anchor,ensuring grid stability,affordability,and energy security.Reflecting this reality,India is entering a renewed phase of thermal capacit