Turning India’s power surplus into a boon
Investment in the power sector could be made more profitable by a slew of measures that increase the consumption of electricity
Low consumption of power in the country, which has resulted in low plant load factor and surplus of coal at the pithead and at the power plants, has been a matter of concern for the last few months. A good monsoon has lowered agricultural consumption of electricity and cheaper hydropower has replaced thermal power in the grid as bountiful rains ensured ample waters in the reservoirs. As a result, some analysts and experts have been questioning the additional capacity that we are adding to the grid. We are adding capacity not only in the traditional thermal and hydro but also in the renewable sector, in which we have a target of 175 GW of capacity by 2022.
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