Karnataka targets 24 GW power capacity in five years; plans over ₹3 lakh crore investment
Karnataka aims to raise its power generation capacity to 24 GW within five years, backed by an investment plan of over three lakh crore rupees. A Global Investors Meet scheduled for April 2027 in Bengaluru will seek to secure the funding and partnerships needed to achieve the target.
The Karnataka state government has announced an ambitious plan to increase its power generation capacity to 24 gigawatts within the next five years, a rise that would more than double the current installed base. To achieve this goal, the administration is preparing an investment programme exceeding three lakh crore rupees, covering new renewable projects, upgrades to existing thermal plants and the expansion of transmission networks. The target aligns with the state’s commitment to meet growing electricity demand from industry, urbanisation and the electrification of transport, while also reducing reliance on imported fossil fuels.
To attract the required capital, Karnataka will host a Global Investors Meet in Bengaluru from April 20 to 22, 2027, inviting domestic and foreign firms that specialize in power generation, grid technology and clean‑energy financing. The three‑day event will feature presentations on the state’s policy incentives, such as accelerated approvals, land‑allocation mechanisms and fiscal subsidies for solar, wind and hybrid projects. Organisers also plan to showcase pilot initiatives like the solar‑powered irrigation scheme in Raichur district and the offshore wind feasibility study off the coast of Mangalore, aiming to demonstrate the commercial viability of large‑scale renewable ventures.
For readers in Karnataka and across India, the power expansion plan represents a major opportunity to create thousands of jobs in construction, operations and ancillary services, while also contributing to the nation’s climate‑change mitigation goals. By boosting renewable capacity, the state hopes to lower electricity tariffs for consumers and provide a more stable supply for industries that are essential to economic growth. Stakeholders will be watching closely how the Global Investors Meet translates into firm commitments, the speed of project clearances and the actual deployment of the promised investment, all of which will shape the state’s energy future.
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