Power demand in India is looking at an uptick this summer. The country's peak demand has been 157,000 Mw this month, 15 per cent higher than in the same month last year. The northern region, especially Delhi and Uttar Pradesh, are likely to load the grid the most. Demand grew by 13 per cent, 10 per cent and 13 per cent in UP, Chhattisgarh and Telangana, respectively, goes a report from lender IDFC. UP has become the second state in the country with 20 Gw demand, after Maharashtra. In one month, the peak power shortage has increased by more than double to 1,281 MUs due to increase in demand. Currently, of the 300,000 Mw of installed capacity, 60,000 Mw is under outageMost states are meeting peak demand through the short-term market. Last week, as temperatures rose, the spot power price increased to Rs 4/unit. It was Rs 2.35/unit last March.Most states would take the short-term route to procure power, said a power market expert, adding states continue to be unwilling to sign ...
Power ministry has scaled down projection of demand from the earlier estimated 289 giga watts (Gw) to 239 Gw by 2022