RK Singh declares there is no power crisis in India

By: |
New Delhi | Published: December 12, 2019 2:19:51 PM

The minister said in the Lok Sabha that states meet their demand from their own generating sources and share from central generating stations.

power crisis in india, power crisis in rural india, electricity crisis in india, electricity energy crisis in india, electricity problem in indiaThere is more than sufficient power available and states and distribution companies can draw as much power as they need, he said.

Declaring that there is no power crisis in the country, Union Power Minister R K Singh on Thursday said India has installed power generation capacity of around 365 GW, double the peak demand. The minister said in the Lok Sabha that states meet their demand from their own generating sources and share from central generating stations. “There is no power crisis in the country. The maximum peak demand experienced during the current year was around 183 Giga Watt (GW) whereas the installed generation capacity in the country is around 365 GW which is double our peak demand,” he said during Question Hour.

Apart from long-term power purchase agreements, states have the option to purchase power at any time from power exchanges and meet the electricity requirements fully, the minister said. There is more than sufficient power available and states and distribution companies can draw as much power as they need, he said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1We need supervision, don’t need suspicion: N Chandrasekaran
2Sanjeev Bikhchandani: The career entrepreneur
33one4 Capital announces closure of two dedicated seeds and opportunity funds