Amidst increasing prices and growing chances of running short on fuel, Thailand is going to curb imports of liquified natural gas (LNG).
Warmer-than-normal weather boosted power usage in Chinese provinces north of the Yangtze, putting regions like Henan, China's third-most populated province, to the test in meeting record electrical demand.
Power minister RK Singh has also said that the government is gearing up to increase the stock of coal at power plants to 40 million tonnes (MT) during the monsoon season.
India’s power demand hit an all-time high of 210.8 gigawatts earlier this month
Power demand increased to about 45,000 megawatts on a daily basis. In energy terms, the demand and consumption went up to 4,500 mili units from 3,500 mili units - which is an increase of 25 percent, said the power minister
India’s power demand hit an all-time high of 210.8 gigawatts (GW) on June 9, driven by a spike in demand from households amid an ongoing heat wave and a pick-up in industrial demand.
While Coal India has little experience in importing coal, the government has roped it in to import coal to supplement coal availability after the country faced a power outages in parts in March-April due to fuel supply constraints. There are concerns over coal availability after monsoon.
The minister says the state governments have now started importing coal, which has pushed India's reserve stock of coal back up to 20 million tonnes.
Making sure that the consumer understands the costs incurred in getting power supply and how much of it is contributed by taxpayers is a starting point for promoting efficiency—in consumption as well as operations.
While the estimated production will be higher as compared to FY21, it will fall short of the initial target of 203.67 million tonnes.
It would be the first time since 2015 that Coal India has imported the fuel, highlighting efforts by state and federal officials to stock up to avoid a repeat of April, when India faced its worst power cuts in more than six years
According to an internal power ministry presentation , India is anticipated to confront a bigger coal shortfall in the quarter ending September as a result of higher power demand, increasing the likelihood of widespread power disruptions, according to a Reuters report.
The ministry is hopeful that the new scheme would provide the much-needed liquidity to the power generating companies, and the measures being planned will ensure that discoms pay their dues regularly.
Around 8,000 megawatts of imported coal-based power plants are currently shut, as operations became unviable due to high coal prices.
As most of India is adversely affected by a heatwave, multiple factors are driving up India's power requirements, worsening the crisis.
As power demand continues to soar even as power generators scramble for fuel, the government has asked all imported coal-based power units to run at full capacity by invoking Section 11 of the Electricity Act.
"The government is taking actions to take care of the power supply requirement in the months of September-November. The months of November-February are the low demand periods so I don't see any challenges," Goel said.
A range of factors have led to a sharp fall in electricity prices at top power exchange IEX. The downpour due to cylcone Asani, early onset of monsoon and proactive steps to augment coal supply, all have contributed to this.
"Both coal companies and railways have envisaged to jointly ensure per day coal loading of 415 rakes of domestic coal and 30 rakes of imported coal to power sector," the railways said in a statement.
Around 7,600 megawatts of imported coal based-plants are not running as they would incur losses at the current levels of coal price.
India’s power demand hit an all-time high of 207.1 gigawatts (GW) on April 29, driven by a spike in demand from households amid an ongoing heatwave and a pick-up in industrial demand.
Around 7,600 megawatts of imported coal based-plants are not running as they would incur losses at the current levels of coal price.
Section 11 of the Electricity Act gives the government the authority, in extraordinary circumstances, to order any generating company to operate and maintain its stations.
Despite plentiful reserves, power plants can’t keep up with demand during the country’s blistering heat wave. It’s time to accelerate the switch to renewables
As per data presented by CEA in the meeting, it was noted that the states of Tamil Nadu and Maharashtra have placed orders for the import of coal, while Punjab and Gujarat are in an advanced stage of finalising the tenders.