Wednesday, May 1 2024 | Time 02:50 Hrs(IST)
image
Business Economy


Govt orders Gas-based power plants to be operational to meet peak summer electricity demand

Govt orders Gas-based power plants to be operational to meet peak summer electricity demand

New Delhi, Apr 13 (UNI) In order to meet high electricity demand in the summer season, the government has ordered all gas-based power stations, currently unutilised primarily due to commercial considerations, to make their plants operational to ensure maximum power generation from these stations to meet demand during the summer season.

For this the Government has invoked Section 11 of the Electricity Act, 2003 (under which the appropriate government may specify that a generating company shall, in extraordinary circumstances operate and maintain any generating station in accordance with the directions of that Government) and issued directions all stations.

In order to help meet the high electricity demand in the country during the summer season, the Government of India has decided to operationalize gas-based power plants, an official statement from the Ministry of Power said.

The decision to operationalize gas-based generating stations is part of a series of measures taken by the Government of India, to ensure that the electricity demand in the summer season is met. The Union Minister for Power and New & Renewable Energy R K Singh held a series of meetings on this, emphasizing the need for ensuring adequate availability of power to meet the load during the hot-weather season.

A significant portion of the Gas-Based Generating Stations (GBSs) is currently unutilized, primarily due to commercial considerations. The order under Section 11, which is on similar lines as done for imported-coal-based power plants, aims to optimise the availability of power from Gas-Based Generating Stations during the ensuing high demand period.

The order shall remain valid for generation and supply of power from May 1, 2024 to June 30, 2024.

As per the arrangement, GRID-INDIA will inform the Gas-based Generating Stations in advance, of the number of days for which Gas-based power is required. Gas-Based Generating Stations holding Power Purchase Agreements (PPAs) with Distribution Licensees shall first offer their power to PPA holders. If the power offered is not utilised by any PPA holder, then it shall be offered in the power market.

Gas-Based Generating Stations not tied to PPAs must offer their generation in the power market. A high-level committee headed by Chairperson, Central Electricity Authority has been constituted to facilitate the implementation of this direction.

India's electricity demand has been rising rapidly, driven by economic growth, particularly during hot-weather and high-demand periods. The Indian Meteorological Department (IMD) has predicted above-normal maximum temperatures over most parts of the country during the 2024 hot weather season. The above measures are being taken in this context, in anticipation of the high electricity demand during the season.

The government has also taken various other measures to meet the summer demand, apart from the decision on gas-based generating stations. These include - Planned Maintenance of Power Plants to be shifted to Monsoon Season; New Capacity Additions to be Speeded up; Partial Outages of Thermal Power Plants being brought down; Surplus Power with Captive Generating Stations to be Utilized and Surplus Power to be offered for sale in Energy Exchange; Shifting of hydro power generation to peak hours and Advance planning by all stakeholders to ensure coal availability.

UNI SKB KK

More News

RINL-VSP CMD releases annual training calendar for 2024–25

30 Apr 2024 | 7:35 PM

Visakhapatnam, April 30 (UNI) Rashtriya Ispat Nigam Ltd (RINL)-Vizag Steel Plant (VSP) Chairman and Managing Director Atul Bhatt released the annual training calendar (April'24 to March'25) for the year 2024–25 at the Learning and Development Centre (L&DC) of Visakhapatnam Steel Plant, here on Tuesday.

see more..

30 Apr 2024 | 6:30 PM

New Delhi, April 30 (UNI) Cholamandalam Investment and Finance Limited, part of Murugappa Group, on Tuesday reported 24 percent jump in its net profit at Rs 1058 crore in the Q4 (January-March) period of 2023-24 compared to Rs 852 crore in the same quarter in 2022-23.

see more..

Stocks market tumbles during last hour of trading; Sensex falls over 188 points

30 Apr 2024 | 5:41 PM

Mumbai, April 30 (UNI) The stock market on Tuesday witnessed heavy profit booking during the last hour of the trading as the 30-stock Sensex ended 188.5 points down to close at 74482.78, erasing all gains during the intra-day.

see more..

India's core sector output grows 5 2 pc YoY in March

30 Apr 2024 | 5:36 PM

New Delhi, April 30 (UNI) Driven primarily by cement, coal, electricity and steel production, India's core sector comprising of eight key infrastructure components grew 5.2 per cent year-on-year (YoY) in March 2024, as per data released by the Ministry of Commerce and Industry on Tuesday.

see more..
image