Hello User
Sign in
Hello
Sign Out
Subscribe
Save BIG. Mint+The Economist at ₹3999Claim Now!
Next Story
Business News/ Industry / Energy/  India's electricity generation rises 15% in May amid record demand

India's electricity generation rises 15% in May amid record demand

  • Total power generation stood at 167.55 billion units in the month compared to 145.61 billion units a year ago, according to the Central Electricity Authority's (CEA) monthly report

Power demand touched a record high of 250GW on 30 May as a prolonged heatwave across North India kept electricity demand elevated in May and most of June.

NEW DELHI:India produced 15.06% more electricity in May than a year ago to meet record electricity demand due to a severe heatwave.

Total power generation stood at 167.55 billion units in the month compared to 145.61 billion units a year ago, according to the Central Electricity Authority's (CEA) monthly report. Thermal power, generated from mostly coal- and gas-based plants, contributed 127.87 billion units, 14.67% higher than last year.

Get Quick Cash in Minutes!

Best Personal Loan at Lowest Interest Rates
Instant Apply

Power demand touched a record high of 250GW on 30 May as a prolonged heatwave across North India kept electricity demand elevated in May and most of June. The peak power demand is projected to reach 260GW in 2024-25.

Also Read: The unusual electricity trends of 2023, explained

The peak demand is currently hovering at around 200GW as the onset of the South-West monsoon has brought the temperature down across the country.

The peak power demand on Thursday was 207.18 GW, according to data from the Grid Controller of India Ltd.

The power ministry has already directed domestic coal-based plants to blend 6% imported coal till September to ensure uninterrupted power supply. However, hydropower generation is expected to rise during the monsoon. In May, electricity generation from large hydro projects rose 9.92% to 11.62 billion units.

Also Read: What's behind India's surging hunger for electricity?

Renewable energy projects, excluding hydro, generated 22.50 billion units, 18.34% more than the year-ago period.

The surge in power demand has also led to the government reviewing its long-term demand forecast. On 2 July, Pankaj Agarwal, secretary to the Union ministry of power, said the ministry may raise its projections for peak electricity demand for 2031-32.

“We have been receiving feedback that our (projection) of 384GW may be an underestimate. That might be easily crossed," he said, adding that peak power demand may even hit 400GW by 2031-32. To meet that demand, India’s power generation capacity would have to rise to 900GW from nearly 445GW now, including thermal and renewable energy sources, Agarwal said.

Also Read: Electricity use plunges in North, West India due to summer rains

He added that the updated National Electricity Plan may reflect the national demand estimate.

ABOUT THE AUTHOR

Rituraj Baruah

Rituraj Baruah is a special correspondent covering energy, housing, urban affairs, heavy industries and small businesses at Mint. He has reported on diverse sectors over the last eight years including, commodities and stocks market, insolvency and real estate; with previous stints at Cogencis Information Services, Indo-Asian News Service (IANS) and Inc42.
Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Get the latest financial, economic and market news, instantly.
  翻译: