Union Budget 2025-26: Key challenges in power infrastructure outlined

The Budget presents a unique opportunity to revisit some of the key modernisation programmes, said Shardul S Fadnavis, Partner & Utility transformation leader, PwC India

A PwC report  Power Infra    Key challenges 

- Limited manufacturing and communication infrastructure capacity leading to sluggish roll outs as against the need for installing 250 million smart meters by December 2025

- Keeping the private investors enthused remains a challenge due to implementation hurdles impacting the project timelines

- Scope for betterment of project governance structure to ensure quality delivery and adherence to the timelines

- Need for upskilling the power sector workforce to work with cutting-edge technology interventions    Industry ask 

- PLIs for smart meter manufacturing and related communication infrastructure in India for the next 3-5 years

- Encourage research and development in smart grid solutions with an objective to increase indigenised participation

- Simplify regulatory frameworks to accelerate deployment of smart grid technologies and improve business conditions. 

- Revisiting the fund allocation and institutional structure for state level capacity building and consumer engagement to support grid modernization activities   

The Budget presents a unique opportunity to revisit some of the key modernisation programmes in terms of committed budgetary outlay, fiscal incentives, measures to attract private investors etc,” said Shardul S Fadnavis, Partner & Utility transformation leader, PwC India.