New Delhi [India], May 14: Ratul Puri, Chairman, Hindustan Power, said that affordable and uninterrupted electricity availability will emerge as one of India’s biggest competitive advantages as the country enters a new phase of energy-intensive and digitally connected growth.
Speaking at an event on the future of India’s power sector in New Delhi, Mr. Ratul Puri said electricity is increasingly becoming central to economic growth across sectors.
“Electricity will increasingly become the backbone of economic growth across sectors ranging from transportation and manufacturing to digital infrastructure and data centres,” he said. “As economies become more energy-intensive and digitally connected, the demand for uninterrupted and affordable power is set to rise significantly across industries and households alike.”
Highlighting the rapid pace of electrification across transportation, he noted that improvements in battery technologies and operating economics are beginning to make even heavy mobility applications commercially viable.
“We are on an inevitable path towards electrification. The only uncertainty is the pace at which this transition takes place,” Ratul Puri added. “As the lifecycle economics of electric mobility continue improving, electrification in transportation will move very quickly.”
He further pointed to the growing electricity demand that will emerge from AI-led digital infrastructure, data centres and distributed computing systems.
“The next phase of growth will increasingly require compute and inference closer to consumers and businesses,” he said. “This will create a need for significant data centre capacity and dependable electricity infrastructure across the country.”
Calling for long-term infrastructure planning, Mr. Ratul Puri said India should focus on building future-ready power capacity ahead of demand growth.
“If electricity is going to become a key differentiator for economic growth, India should ensure there is adequate spare round-the-clock power capacity available,” he further added. “Affordable 24×7 power availability can become one of India’s biggest competitive advantages in the years ahead.”
He also emphasised that India’s energy transition must focus equally on transmission systems, storage solutions and grid modernisation alongside generation capacity expansion.
“Renewable energy expansion cannot rely only on daytime generation,” Mr. Puri said. “Battery and storage solutions will play an important role in enabling renewable power availability during non-solar hours.”
Speaking on the future evolution of the electricity ecosystem, he highlighted the growing importance of distributed generation and smarter electricity networks.
“The traditional grid structure will evolve significantly over the next two decades. Generation, storage and electricity distribution will increasingly move closer to the point of consumption.”
On infrastructure development, Ratul Puri stressed the need for equitable PPP contracts, faster dispute resolution mechanisms and quicker resolution of land-related issues to support long-term investments.
“Strong and equitable PPP contracts are critical for infrastructure sectors with long project lifecycles,” he said. “Alongside this, faster dispute resolution and digitisation of land records will remain important enablers for future infrastructure development.”
Commenting on the sector’s progress, he noted that India’s electricity ecosystem has undergone significant transformation in recent years and continued policy support will remain important going forward.
“With continued policy support and effective execution, India stands to benefit immensely in the years ahead,” he added.
About Ratul Puri :
Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy. Over the years, Ratul Puri has been actively involved in developing large-scale energy infrastructure projects that support India’s growing power requirements and its transition toward cleaner energy sources.
About Hindustan Power:
Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation. With a commitment to sustainability and innovation, the company has been an active contributor to India’s energy transformation.
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