Page 4 - Power Demand Forecast

Analysts see more steam in power stocks as India eyes harsh summer

Coal reserves at power plants have also surged by 15 days to 43 million tonnes, marking the highest level in nearly three and a half years

Uttar Pradesh govt to rake in Rs 80K crore through solar energy push

The Yogi Adityanath government is planning installations of rooftop solar plants and solar parks to achieve this target

Continue importing 6% of coal needs till June, govt tells gencos

Logistical challenges, higher power demand nudge govt to extend import mandate

Peak power demand estimated to rise 7% to 260 GW this summer: Report

Peak power demand in the country is estimated to rise by seven per cent year-on-year to 260 GW this summer, according to a senior official. The peak power demand during the summer of 2023 touched 243 GW against a projection of 229 GW. "We expect the peak power demand this year (in summers) at 260GW," Central Electricity Authority Chairperson Ghanshyam Prasad told reporters on the sidelines of the Fourth Edition of Lineman Diwas in the capital. The power ministry had estimated the country's electricity demand to touch 229 GW during summers in 2023, but it did not reach the projected level in April-July due to unseasonal rainfall. Peak supply, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. Peak demand touched 238.82 GW in August 2023, while it was 243.27 GW in September, 222.16 GW in October, 204.77 GW in November, 213.79 GW in December 2023, and 222.73 GW in January 2024. Power consumption was affected in March, April, May and June last year

Green energy push: India's companies charge up on power policy shift

Rush to tie up green energy through open access in C&I segment after two key policy amendments last year

Companies to see more gains as India's power demand surge continues

The power demand for the quarterly period of October-December 2023 was 10 per cent higher than the previous year

India sees higher peak in electricity demand as power consumption surges

Government officials now expect electricity demand to surge to a high of 384 gigawatts in the 12 months through March 2032, a 5 per cent increase on an estimate issued in May,

India's incremental demand to equal UK's current power consumption in 3 yrs

India remains heavily dependent on coal to meet its energy needs

India's coal imports register 27% rise in December, reaches 23.35 MT

India's coal import registered a rise of 27.2 per cent to 23.35 Million Tonne (MT) in December, over the corresponding month of the previous fiscal. The coal ministry is aiming for zero thermal coal import by FY26. The country's coal import was 18.35 MT in the corresponding month of the previous fiscal, according to data compiled by mjunction services ltd. mjunction services ltd is a B2B e-commerce platform. "Coal imports in December 2023 stood around 23.35 million tonne...Imports in December 2023 were up by 27.25 per cent as compared to 18.35 MT recorded for December 2022," it said. Of the total imports in December, non-coking coal imports stood at 15.47 MT, against 10.61 MT imported in December 2022. Coking coal import volume was 4.84 MT, against 4.71 MT imported in the same month of the previous financial year. The coal import in the April-December period of the current fiscal increased to 192.43 MT, over 191.82 MT in the year-ago period. During the April-December period of t

Rajasthan govt turns to open market as power cuts hit irrigation

This is prompting the Rajasthan Urja Vikas Nigam to purchase electricity from the open market, sources in the state energy department said

Delhi's winter peak power demand reaches all-time high of 5,816 MW

The unrelenting cold conditions in Delhi pushed the city's peak winter power demand to its highest-ever level of 5,816 megawatts (MW) on Monday morning, discom officials said. The previous 'winter' records in Delhi were 5,798 MW on January 19, 5,726 MW on January 17 and 5,701 MW on January 12. The discoms had estimated the peak power demand in Delhi to be 5,760 MW. The power demand reached 5,816 MG at 10.52 am on Monday, according to the city. This is the sixth time in January this year that Delhi's winter power demand has surpassed last year's peak of 5,526 MW recorded on January 6, 2023, the officials said. A BSES spokesperson said the discoms of the company BRPL and BYPL met the peak power demand of 2,526 MW and 1,209 MW respectively on the day without any glitches. The Tata Power Delhi Distribution Limited (TPDDL) met the highest winter peak power demand of 1,826 MW in its distribution area of North Delhi, a company spokesperson said. So far this month, the peak power deman

Peak power demand in India may cross 400 Gw by 2030, says R K Singh

Peak power demand in India is likely to cross 400 GW by 2030 and more generation capacity is being set up to meet the rising demand, Union Power Minister R K Singh has said. Electricity is the most important infrastructure which is a sine qua non for development, the minister said at a summit here on Thursday. One major distinguishing feature between a developing and a developed country is that in a developed country, there is no load shedding, the minister was quoted as saying in a release by the Power Ministry. "No country can develop if it does not have sufficient power. The power shortage in India has come down from around 4.5 per cent in 2014 to less than 1 per cent today. We have ensured universal electricity access, connecting 29 million homes in 19 months, which the International Energy Agency called the largest and fastest expansion of energy access in the history of the power sector, he added. Speaking about the rising power demand, the minister informed that in 2014, th

Delhi winter power demand touches record high of 5.7 Gw, shows data

Sector executives said it was expected that Delhi's power demand would touch a new record. Since January 1, the power demand in the national capital has been above 5 GW

Delhi's winter power demand reaches all-time high amid ongoing cold wave

The continuing cold conditions in Delhi further pushed peak winter power demand to an all-time high of 5611 MW on Wednesday morning, discom officials said. As per real-time data of State Load Dispatch Centre (SLDC) Delhi, the peak power demand was 5611 MW at 11.08 AM, they said. The previous all-time high winter peak demand was 5559 MW last Friday, they said. The spike in power demand is mainly due to enhanced use of electricity by consumers for heating purposes, discom officials said. The minimum temperature in Delhi on Friday was recorded at 7.1 degrees Celsius. The city on Monday recorded its coldest day of the month so far as the minimum temperature dropped to 5.3 degrees Celsius.

Energy conundrum: Govt to double coal production despite climate goals

Later, the power minister Raj Kumar Singh set out plans on Dec. 22 to add 88 gigawatts of thermal power plants by 2032. The vast majority of which will burn coal

Delhi's peak winter power demand hits all-time high amid cold spell

The cold spell underway in Delhi pushed the national capital's peak winter power demand to an all-time high of 5,559 MW on Friday, discom officials said. According to real-time data from the State Load Dispatch Centre, Delhi's peak winter power demand clocked 5,559 MW at 11.05 am. The officials said the previous highest peak demand witnessed in Delhi during the winter was 5,526 MW on January 6, 2023. A BSES spokesperson said BRPL (BSES Rajdhani Power Limited) and BYPL (BSES Yamuna Power Limited) successfully met peak power demand of 2,379 MW and 1,136 MW, respectively, in their areas. Tata Power Delhi Distribution Limited (TPDDL), which supplies power in North Delhi, met a peak power demand of 1,735 MW, a company spokesperson said. Parts of Delhi witnessed very dense to dense fog early on Friday while the minimum temperature settled at 9.4 degrees Celsius, the India Meteorological Department said. Officials said an orange alert has been issued for Delhi for the day with shallow t

Peak power demand likely to touch 350,670 MW mark by 2030-31: Centre

The peak electricity demand in India is expected to touch 3,50,670 MW mark by 2030-31, and the government is taking various measures to meet the increased demand, Union Minister R K Singh has said. The peak demand has gone up from 1,35,918 MW in 2013-14 to 2,43,271 MW in September 2023. This is a rise of almost 79 per cent and the demand has been met, the minister for power said on Thursday. A series of concerted measures have led to 70 per cent increase in generation capacity from 2,48,554 MW in March 2014 to 4 25,536 MW in October 2023, he said in Lok Sabha. "As per 20th Electric Power Survey (EPS) report published in November 2022, the peak electricity demand in the country in 2030-31 is expected to be 3,50,670 MW. We have taken steps to meet the increased demand for power in the country," Singh said. The minister said 27,180 MW of thermal capacity is under construction, 12,000 MW has been bid out and 19,000 MW is under clearances. The total anticipated thermal capacity additio

Delhi's winter peak power demand may cross 5,700-MW mark, break records

Delhi's winter peak power demand this year may break all previous records, crossing the 5,700-MW mark, officials of power distribution companies said on Wednesday. A BSES official said up to 60 per cent of the maximum winter power demand of over 3,600 MW in its areas will be met by green power. It will also bank on surplus power with other states to meet the increased demand, he said. According to discom officials, the peak power demand of the city this winter can surpass previous peak winter demands. Last year, it had peaked at 5,526 MW, which was the winter record in the national capital, they said. Last winter, the peak winter power demand in BSES's BRPL and BYPL areas reached 2,338 MW and 1,181 MW, respectively. This year, it may go beyond 2,400 MW and 1,200 MW for BRPL and BYPL respectively, a BSES official said. "Ensuring reliable supply in any season is as much the function of proper power arrangements as also accurate demand forecast and robust distribution network. On all

J-K admin to purchase additional 500 MW of power to meet winter demand

The Jammu and Kashmir (J-K) administration on Sunday approved the purchase of an additional 500 megawatts (MW) of power from the Centre to meet the winter demand, according to an official statement.As winter approaches, J-K face electricity scarcity because of a low proportion of hydropower in the Union Territory, as water reduces in rivers.So in order to meet the gap in demand and supply, the administrative council that met here under the chairmanship of Lt Governor Manoj Sinha approved the signing of a fresh Power Purchase Agreement (PPA) between J & K Power Corporation Limited and the NTPC regarding Singrauli-III power station run by the NTPC, the statement read.This will subside the energy demand in Jammu and Kashmir which is increasing at a compound annual growth rate of 10 per cent.Singrauli-II being a thermal power station is a must-run station and the electricity generated by it fulfils the demand of Jammu and Kashmir during winter when the generation from hydro generators

India's FY24 power demand to rise 7% amid strong industrial activity: Fitch

Fitch stated that the receivable position of generation companies (gencos) will continue improving in the near term