A record capacity of over 75 GW was added over the last three years leading to over-capacity in thermal power. Industry doesn't see new thermal capacity being planned for some time, however, the existing capacity close to commissioning, or under construction will come to grid.
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Budget 2016: Govt ups spend on power PSUs to Rs.68,256 cr
India will invest Rs.68,256.70 crore on eight public sector power companies in 2016-17 as against Rs.58,642.89 crore a year ago, according to the Union Budget 2016 document.