Page 5 - Power Demand Forecast

Making every effort to ramp up coal production to meet power demand: Joshi

The government on Wednesday said that coal will continue to feed the country's power plants and it will make every effort to ramp up the output of fossil fuel to meet the growing demand for electricity. The Centre is also aware of its responsibilities and its commitment to get 50 per cent of energy from renewable resources and the Net Zero goal for carbon emissions by 2070, which is vital to fight for a greener environment. Speaking at the inauguration of the eighth round of commercial coal mines auction, Coal Minister Pralhad Joshi said, "India is consuming more power than ever before. Peak demand for power in the country has already reached 240 GW and is likely to be doubled by 2030. Therefore, while the share of coal-generated power may decline, however, in absolute terms it will increase. The minister also assured that with collective efforts, India will be able to meet the demand vis a vis adoption of sustainable development principles in coal mining. A total of 39 mines have

Festive demand: Coal India's fuel supply to thermal plants rises 6% in Oct

State-owned Coal India on Monday said its supply of fossil fuel to the country's coal-fired electricity generating units increased by six per cent to 23.5 million tonnes in the first half of October, ahead of the festive season. The supply was increased amid a sudden rise in power demand even as unseasonal rains hit the operations in coal bearing areas of Coal India's arms based in the eastern part of the nation. Chattishgarh-based South Eastern Coalfields Ltd (SECL) also bore the brunt of the inclement weather, it said. Coal supply to thermal power plants stood at 22.2 million tonnes during the same period of the last financial year. "Coal India's (CIL) supplies to thermal power plants of the country shot up close to six per cent to 23.5 million tonnes (MTs) during the first fortnight of October 2023... Comparatively the supplies were 22.2 MTs in the same period of October 2022," the public sector coal producer said in a statement. The overall supply of dry fuel by CIL to the ...

Juniper Green Energy gets $350 mn investment from AT Capital Group, Vitol

Juniper Green Energy on Wednesday said AT Capital Group and Vitol have invested USD 350 million in the independent renewable energy power producer. The Juniper Green Energy targets to triple its operational capacity to 2.5 GW by 2026 and forge ahead with its ambitious development plans. Sanjay Bakliwal, Director, at AT Capital Group said, "Their impressive project pipeline, combined with their proficiency in EPC and O&M services, aligns seamlessly with our vision for a sustainable and greener future." AT Group is a leading family office, specializing in actively managed businesses and passive financial investments. The increase in investment to USD 350 million comes nearly two years after the initial commitment of USD 200 million from AT Capital Group and Vitol, a company statement said. Mike Muller, Head of Vitol Asia, stated "We are pleased to support Juniper Green Energy's ambitions to deliver a growing renewable power portfolio at a time of increasing demand for power." Vitol

Power demand up 40GW-50GW on daily basis compared to year ago: R K Singh

Union Power Minister R K Singh on Tuesday quantified the pace of economic growth in the country in terms of rise of electricity demand, and said that India's power demand is about 40 GW-50 GW more than the corresponding day last year. Addressing a day-long conference on 'Green Hydrogen Pilots in India' here, he said India has the potential to be one of the biggest manufacturers of green hydrogen in the world. The conference showcased various Green Hydrogen Pilots being implemented by both public and private sector companies of India. "We have this huge economy which will continue growing at 7 to 8 per cent for the next 2 to 3 decades. Our energy requirements are huge. Our power demand has grown up by 21 per cent in August 2023, as compared to August 2022," the minister said. Singh further noted that on a daily basis, "our power demand is about 40 GW-50 GW more than corresponding day last year, that is how fast we are growing." He stressed on the need to take effective measures to

Power demand to grow 70% by 2032 with focus on non-hydropower renewable

India's power demand is expected to grow by more than 70 per cent over the next decade with a strong focus on non-hydropower renewable sources, a report said on Tuesday. The coal-powered generation will still account for a majority of production by 2032, illustrating the country's heavy reliance on the coal sector, BMI, a division of Fitch Group, said in a report. "We forecast India's electricity generation to grow by over 70 per cent over the next decade, marking the largest increase among the world's largest electricity producers. India will see a strong focus on non-hydropower renewable forms of electricity generation, which we expect to account for 16.9 per cent of total generation by 2032," it said. The strong long-term expansion of electricity demand will support power production growth, ensuring that power consumption demands are met. Underpinned by population growth, rising urbanisation as well as increased demand from the construction, manufacturing, and services sectors,

Tata Power gains 3%, hits 52-week high on improved financial performance

In the past four days, the stock has surged 10% after Tata Power Renewable Energy signed a Power Purchase Agreement for 9MWp on campus solar plant with Tata Motors Pantnagar plant in Uttarakhand

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Power demand heats up to record high of 233 Gw due to rising temperatures

Experts believe prolonged hot weather would keep the electricity demand pushing up. This would drive demand for coal

Global power demand growth to rebound in 2024 after slowdown: IEA

The global growth rate for energy consumption is set to slow to slightly less than 2% in 2023, down from 2.3% in 2022, which was also down from the five-year pre-COVID 19 average of 2.4%

Peak power demand in June may not touch 229GW mark due to unseasonal rains

Peak power demand is unlikely to touch or cross 229GW in summer this year due to unseasonal rains and the after-effects of cyclonic storm Biparjoy in the country, say industry experts. Industry experts said that the unseasonal rains have affected the demand and brought down temperatures during summer, resulting in fewer use of cooling appliances like air conditioners which guzzle power. The experts said that the peak power demand in the country is unlikely to touch or cross 229 GW level as projected by the Central Electricity Authority due to the impact of unseasonal rains and the cyclone. The power ministry in March had said that according to the Central Electricity Authority estimates the peak electricity demand was expected to be 229GW during April-June when the power demand is the highest in the country. But experts say that monsoon will be active in the entire country by July and the seasonal rains would again result in lowering the demand for power. The peak power demand met

Lower temperatures likely to have cooled down IIP in March, April

The fall in electricity output comes on the back of unseasonal and prolonged rain in March and April. The downpour led to a fall in temperatures, thus substantially lowering household demand

Peak power demand hits historic high of 220 Gw, may cross that level soon

Figure is in sync with power ministry's estimate that demand would top 220 Gw in Apr-June quarter

A torrid summer, rise in power demand risks stalling Asia's climate goals

It's the expectation of a torrid summer that has sent coal stockpiles in Asia's biggest economies soaring in recent months - and sooner or later, all that carbon is going to end up getting burned

Rising mercury powers electricity demand to April record of 202 Gw

Executives at state-run power units say coal stock situation is comfortable currently, due to reprieve in weather in March, which allowed units to stock up the fuel

Power consumption grows 9.5% to 1,503 billion units in 2022-23: Govt data

Power consumption grew 9.5 per cent to 1,503.65 billion units year-on-year in 2022-23, mainly due to higher demand amid a rise in economic activities, showed government data. Power consumption was 1,374.02 billion units (BU) in 2021-22, according to power supply data from the Central Electricity Authority (CEA). Similarly, the peak power demand or highest supply in a day also rose to 207.23 GW in the last fiscal, higher than 200.53 GW in 2021-22. Experts opined that power consumption and demand will see substantial improvement in 2023-24. The power ministry has estimated peak power demand to touch 229 GW this summer. The ministry has already issued instructions to import coal-based plants to run at full capacity. It has also asked domestic coal-based plants to import coal for blending to meet the unprecedented demand for electricity this summer. The experts said the rise in power consumption clearly shows improvement in the economic activities in the country, which pushed the de

Power demand in India shrinks in March thanks to unexpected rains: CRISIL

The fall in demand also led to a fall in power generation by 7 per cent YoY in March as compared to the same month last year

Thermal plants had 33.5 MT coal on Sunday, enough for 12 days: Power Min

Thermal power plants monitored by the Central Electricity Authority (CEA) had 33.5 million tonne of coal stock as on Sunday, which was sufficient to run them for 12 days at 85 per cent capacity utilisation, Parliament was informed on Thursday. This assumes significance in view of projection of an unprecedented high demand of electricity during this summer. Electricity demand is expected to touch 229 GW next month as per power ministry estimates. "As on 12.03.2023, the total coal stock available with coal-based thermal power plants monitored in CEA is 33.5 Million Tonne (MT), which is sufficient for an average of 12 days at a requirement of 85 per cent Plant Load Factor (PLF)," Union Power Minister R K Singh said in a written reply to Lok Sabha. In another reply to the House, Singh stated that as on January 31, 2023, coal (including lignite) based installed capacity was 51.27 per cent of the total installed capacity. The CEA has carried out generation expansion planning studies and

Ready to meet dry fuel demand from power sector: Coal India Limited

Amid early onset of summer and a pick-up in industrial demand for electricity, state-owned CIL on Tuesday said it is geared up to meet the demand of dry fuel from the power sector. The public sector coal producer also expressed hope to supply 156 million tonnes of coal to the power sector during April-June quarter of FY24. This would be 25.6 per cent of the enhanced annual dispatch target of 610 million tonnes (MT) slated for the sector in 2023-24. "Coal India Limited (CIL) is optimistic about supplying 156 million tonnes of coal to power sector during April-June '23 quarter amid concerns over spike in coal demand," the coal behemoth said. CIL, which accounts for over 80 per cent of domestic coal output, is a major supplier of dry fuel to the electricity generating plants. Factors in favour of CIL are a strong 68 MT coal stock build-up expected at its pitheads by the end of current fiscal, which as of Monday was 57.3 MT. Also, the maharatna firm will scale up its production into a

Madhya Pradesh's peak power demand in April-May may touch 13,800 MW

Peak power demand in Madhya Pradesh is expected to touch 13800 megawatt (MW) during summer, a rise of 1300 MW from the corresponding period last year, a senior official said on Friday. The power demand is expected to touch 13800 MW in April and May, when summer will be at its peak, and efforts were on to ensure unhindered supply to consumers, MP Power Management Company chief general manager FK Meshram told PTI. "A review meeting chaired by MP Energy Department Principal Secretary Sanjay Dubey was held for unhindered supply. The meeting was held at Shakti Bhawan here. Last summer, the peak power demand was 12500 MW," Meshram informed. "MP gets power from state-owned thermal & hydel units, as well as non-conventional sources like solar, atomic power units and from the central sector. Power companies are fully prepared to provide 24-hour electricity to domestic consumers and for 10 hours to agricultural consumers this summer," he said. Power distribution companies have been asked to

Explainer: Why has power demand in India surged post Covid-19 recovery?

Power demand jumps 10% in the first two months of 2023 from a year ago