Page 6 - Power Demand Forecast

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

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%