The Third National Electricity Plan (NEP) was released in January 2018 by the Central Electricity Authority. It covers two five-year periods: 2017-2022 and 2022-2027.
The NEP projects electricity demand and supply planning until the fiscal year 2026/27. It has a cumulative target of 175 GW renewable energy capacity by 2022. The NEP foresees coal-fired power capacity additions of 46 GW between 2022 and 2027.
"It is expected that the share of non-fossil based installed capacity (Nuclear + Hydro + Renewable Sources) will increase to 46.8 % by the end of 2021-22 and will further increase to 56.5 % by the end of 2026-27 considering capacity addition of 50,025 MW coal based capacity already under construction and likely to yield benefits during 2017-
22 and no coal based capacity addition during 2022-27." (http://www.cea.nic.in/reports/committee/nep/nep_dec.pdf)
It implies that no new coal-fired power plants are necessary beyond those already under construction (Carbon Brief, 2017), and further calls of 57% of electric capacity to be non-fossil by 2027 (Carbon Brief, 2017).
Other targets: Renewable energy generation share of 20% by 2022; Renewable energy generation share of 24% by 2027.
Renewable energy sector is now poised for a quantum jump as India has reset its renewable energy capacity addition target so as to have an installed capacity of 175 GW (100GW solar, 60GW wind, 10GW biomass and 5GW small-hydro) by 2022, in view of the significant renewable energy potential in the country and commitment made by the investors/stakeholders. (https://climateobserver.org/wp-content/uploads/2015/01/National-Electricity-Plan.pdf)