The Indian power sector witnessed the highest shortage in the past three months, including the peak summer month of May, owing to a late monsoon and fuel supply issues.
Data from the National Load Dispatch Center for the month of July shows that the country faced a shortage of 5,409 million units (MUs) compared with 3,907 MUs for June and 4,557 MUs for May 2014.
- Shah Rukh Khan On Raees Clash With Kaabil: It’s Impossible To Have A Solo Release In India
- US-President Elect Donald Trump Named TIME’s Person Of The Year 2016
- O. Panneerselvam: 10 Things You Need To Know
- PM Narendra Modi Slams Opposition For Not Letting Parliament Function
- Nawazuddin Siddiqui On Working In Raees: Was Nervous To Shoot With Shah Rukh Khan
- Bathinda Dancer Murder: Video Showing Accused Opening Fire At Marriage
- 5 Lesser Known Facts About Sasikala Natarajan
- Congress Leader Shashi Tharoor’s Delhi Home Burgled: Here’s What Happened
- Reserve Bank Of India Keeps Repo Rate Unchanged Post Demonetisation
- Bigg Boss 10 Dec 06 Review: Swami Om Pees In Kitchen
- Lenovo k6 Power Video Review
- Bigg Boss 10 December 5 Review: Manveer Calls Swami Om ‘kachdaa’
- PM Narendra Modi Declared Winner Of TIME Magazine’s Person Of The Year – Reader’s Poll
- Paneerselvam sworn in as new Chief Minister of Tamil Nadu
- Tamil Nadu CM J Jayalalithaa Passes Away After Suffering Cardiac Arrest
Data from Indian Energy Exchange (IEX), a power trading platform, showed that 2.3 billion units(BUs) was traded at an average market clearing price of
Rs 3.76 per unit, which is lower than the June price of Rs 3.89 per unit, but still trumps May figure of Rs 3.28 per unit.
A senior official in IEX said that there was a significant demand in month of July however, it demand does not materialise if there are no sellers.
“In the last two months, hydro-power producers were not coming to market due to low level of water in reservoirs owing to a harsh summer. Similarly, the wind season faced fluctuations and thermal power plants did not have sufficient fuel supply,” the official said.
State-owned thermal power producer NTPC Ltd had warned in July that coal supply for six of its plants were at a “critical level,” according to Reuters. The company had said that the plants, which among themselves have a combined generation capacity of 16,840 MW which equals 15% of India’s thermal power capacity, had enough fuel supplies to last two days.
The monsoon season was also delayed by over a month this year, exacerbating the low water-levels in dams. The meteorological department said that monsoon is yet to normalize with rainfall at 15% below average levels in the second week of July. The first week of July saw rains which were 41% below the average levels.
The official added that there were no transmission issues in July, except for the southern corridor, which usually hampers trade.
“The quantum of units sold was less than usual and power producers also did not enter the market to sell, deviating from the usual trend,” the official said.
– fe Bureau | Financial Express