Bengaluru, July 24 -- India's thermal power sector is set for a significant investment boost, with investments expected to reach Rs. 2.3 lakh crore ($26.71 billion) by 2027-28, nearly doubling the amount from the previous three years. This surge is attributed to the growing energy demand and the need for stable base load capacity.

As noted by IBEF, Crisil Ratings points out that the private sector participation is expected to increase notably, rising to about one-third of total investments from just 7-8 percent in recent years. The government plans to add at least 80 GW of thermal capacity by 2031-32, with 60 GW already in progress or announced, including 19 GW from private players. These projects are largely brownfield expansions, which...