Demand for electricity in India will be lower by 7 to 17% due to covid-19 by 2025, according to a new report by TERI. All 10 of India’s largest power-consuming states will see a demand drop between 5 to 15%, it said.
According to Amitabh Kant, CEO, NITI Aayog, the government’s decision to open the coal sector for private sector participation in commercial coal mining and gasification corrects a historical anomaly. From employment generation to import bill reduction, privatisation of the coal sector will go a long way in transforming India’s growth trajectory.
India will have around 60% of its installed electricity generation capacity from clean sources by 2030, Power and New & Renewable Energy Minister R K Singh said. The minister also exuded confidence that the renewable energy capacity would touch 510 GW by 2030, including 60 GW of hydro power.
Western Coalfields Limited (WCL) has increased the production of coal to 57.6 million tonnes in fiscal year 2019-20 and provided it cheaply to government and private thermal power stations in Central, West and South India. The move has helped thermal power producers to reduce the rates of electricity supply to consumers, said WCL.
India’s electricity demand is likely to fall by up to 6% this fiscal due to re-imposition of lockdown restrictions in many parts of the country, ratings agency ICRA said. According to ICRA, all-India power demand in financial year 2019-20 was 1,291 billion units. Earlier in April, the agency had estimated the fall would be a marginal 1%. It said during the first quarter of FY21, all-India electricity demand declined by 16.2% year-on-year.
The supply of coal by Coal India Ltd to the power sector fell 21.7% to 93.5 million tonnes (MT) in the first quarter of the ongoing fiscal. Coal India Ltd (CIL) had supplied 119.5 MT of dry-fuel in the April-June period of the previous fiscal, according to a latest report by the Coal Ministry.