Higher thermal power output to meet increasing electricity demand in India
Higher thermal power output will continue to meet the increasing electricity demand in the country, India Ratings said today in a report.
According to the study, the increase in power demand has been met through higher electricity generation (excluding from renewable sources), which increased 4.7 per cent year-on-year to 102.1 BUs (billion units), driven by a 6.6 per cent y-o-y increase in thermal power generation and 5.8 per cent y-o-y increase in nuclear power generation, while generation from hydropower declined 3.3 per cent y-o-y.
Thermal plant load factors (PLF) or capacity utilization also improved y-o-y to 59.6 percent in June 2018, it said, adding that the power supply was met through higher thermal, nuclear and renewable generation.
Peak demand deficit declined to 0.4 percent in June 2018 from 1.5 percent in the same month the previous year.
The study said that in June 2018, short-term power prices on the Indian Energy Exchange increased to Rs 3.73/kWh from Rs 2.52/kWh in June 2017 on account of peak summer season, lower hydro generation and slower pickup in wind power generation in the southern and western states.
In June 2018, all India energy requirements increased 8.7 percent y-o-y to 109.0 billion units, while the available energy rose 8.8 percent to 108.4 BUs, leaving a power deficit of 0.5 percent (June 2017: 0.5%).
Total renewable generation improved 6.8 percent y-o-y to 9.3 BUs in May 2018, on account of improved generation from solar power, which increased to 3.3 BUs from 2.0 BUs in May 2017, while wind power generation declined to 4.4 BUs from 5.0 BUs.
The report said Coal India's monthly production increased 12.3 percent to 44.9 million tonnes in June, aiding the growth in thermal generation.
However, it said the coal inventory at power stations remained lower, driven by an increase in coal demand owing to the peak summer season and lower hydro and wind generation.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)