Power News We love to talk!

JUN 06 2017

Indias electricity requirement seen soaring 37% in 5 years

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 06th JUN 2017

 

Electrical energy requirement is expected to grow by 37% in five years, according to the 19th electric power survey (EPS) report released by the Central Electricity Authority (CEA). The country needs 1,566 billion units (BUs) of energy in FY22, the report said.

Energy requirement in FY17 was close to 1,143 BU, reflecting an annual growth of 2.6%. According to the 18th EPS published in 2011, energy requirement in FY17 was expected to be 1,355 BU.

The electrical energy requirement on an all-India basis during FY27, FY32 and FY37 has been assessed as 2,047 BU, 2,531 BU and 3,049 BU, respectively. The report also added that the expected peak demand in FY22 would be 226 GW. However, it may be noted that the previous EPS had seen a peak demand in FY17 at 199.5 GW, 25% lower than the actual peak demand in the same period. The current installed power generating capacity in the country is nearly 329.3 GW.

The peak electricity demand has been estimated as 226 GW, 299 GW, 370 GW and 448 GW during FY22, FY27, FY32 and FY37, respectively.

Speculations of an additional requirement can come as a ray of hope for the power industry, which is currently mired in a low-demand scenario. This has led to power plants operating at low plant load factors (PLFs) which makes it difficult to service debts. The average PLF for thermal power plants across the country was 59.8% in FY17. PLF for private sector plants was 55.7%. About 33,000 MW of coal-based power plants currently do not have long-term power purchase agreements. Out of this, more than 18,000 MW are already commissioned.

Tags

Himachal Pradesh Coal Energy Central Electricity Authority Coal-based power plants Power Power Industry Electricity India

Related News

  • Suzlon bags 132 MW project order from ReNew Power  Read more
  • Govt softens stand in case against Reliance Industries  Read more
  • Where's the coal?  Read more
  • In a first, IL&FS; group's Tamil Nadu thermal power unit taken to NCLT  Read more
  • German Indian Solar Partnership Accelerates India's PV Expansion  Read more
  • Adani's Australian Carmichael coal mine faces new legal challenge  Read more
  • ABB links 648 MW solar project at Kamuthi with national grid  Read more
  • Efforts on to resolve 'work to rule' notice from workers: CIL  Read more
  • Power plants leave no coal for others; cement, steel industries suffer  Read more
  • Clean energy: AP attracts Rs. 30,000-cr. investments in last three years  Read more