Govt sees 2.5% surplus power availability in current fiscal

By: |
New Delhi | July 31, 2018 4:45 AM

The country is seen to have 2.5% surplus power available in FY19 than the peak demand of 180.7 giga-watt (GW), the 'load generation balance report' released by the Central Electricity Authority (CEA) on Monday showed.

Govt sees 2.5% surplus power availability in current fiscal

The country is seen to have 2.5% surplus power available in FY19 than the peak demand of 180.7 giga-watt (GW), the ‘load generation balance report’ released by the Central Electricity Authority (CEA) on Monday showed.

The government agency anticipates conventional power capacity addition of 9,626.2 MW during the fiscal, comprising 8,216.15 MW of thermal, 910 MW of hydel and 500 MW of nuclear power. The gross energy generation from conventional power plants has been assessed as 1.3 billion units (BU), reflecting a growth of 4.5%.

The CEA in its report last year had projected the peak demand surplus to be 6.8% in FY18, while the actual shortage was 2% against the demand of 164.1 GW.

Rise in power demand is good news for the sector which is currently mired in the stressed asset issue.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Saudi economy shrank by 7% in Q2 showing depth of coronavirus hit
2Express Adda: ‘In this country, the link between politics and economics is very loose’
3Q3 Plans: Centre extends spending curbs on regular budgetary expenditure to make room for stimulus 2.0