5 Minutes Read

India projects biggest power shortfall in 14 years in June

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The gap is the widest since 2009-10, according to publicly available government data. India’s hydroelectricity output fell at the steepest pace in four decades in the year ended March 31, while renewable energy generation was flat.

India is projecting its biggest power shortfall in 14 years in June after a slump in hydropower generation, the government told Reuters and is racing to avoid outages by deferring planned plant maintenance and re-opening idled units.

The deficit also follows delays, a government source said, in the commissioning of 3.6 gigawatts (GW) of new coal-fired plants that had been targeted to be operational before March.

A peak shortage of 14 GW is forecast in June during nighttime hours, when solar capacity is offline, the Central Electricity Authority, the country’s planning body for the power sector, told Reuters in a statement.

“The planning process relies on worst-case scenarios,” it said.

The gap is the widest since 2009-10, according to publicly available government data. India’s hydroelectricity output fell at the steepest pace in four decades in the year ended March 31, while renewable energy generation was flat.

Power Minister RK Singh held an emergency meeting last week to take stock of the situation, and decided to defer shutting down power plants for planned maintenance during June and revive 5 GW of idled coal plant capacity, two separate government sources present in the meeting said.

“All efforts have been made to maximise generation, and with the measures in place it is expected that the power demand would be adequately met during the day and the non-solar hours in the coming months including June 2024,” the statement said.

Grid administrator Grid-India projects maximum night-time demand of 235 GW in June, the statement said. On the supply side, nearly 187 GW of thermal capacity is available, and about 34 GW from renewable sources, according to government sources.

The figures on power demand and capacity projections have not been previously reported.

In April, the power ministry invoked emergency rights for the first time to direct gas-based and imported coal-based power plants to operate at full capacity.

India has long defended the use of coal but Prime Minister Narendra Modi’s administration had slowed capacity growth based on the heavily polluting fuel to focus on the green energy transition, with an eye to meeting 2070 net zero emission goals.

Plans to set up new coal power plants in the country, which is under pressure from rich economies to stop coal use, gathered momentum last year, but they will take a minimum of four years to start generation.

Existing coal-fired power plants and solar plants will help the nation meet its electricity demand during daytime hours, one of the government sources said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?