View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
July 17, 2020updated 16 Jul 2020 5:15pm

India’s power generation still far away from normal, says GlobalData

By GlobalData Energy

Due to the country-wide Covid-19 lockdown during April and May 2020 in India, electricity generation witnessed a reduction owing to reduced electricity demand. Subsequently, the year-on-year generation saw a reduction of 23.1% and 16.2%, respectively, during these two months. However, with the the lockdown easing out gradually, the year-on-year change has been about 15% lower in June 2020. But, the relaxation in the lockdowns was futile as it could not increase the power demand. As the economic activities are gradually resuming, the electricity generation would take a while to return to the normal levels, says GlobalData, a leading data and analytics company.

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

With the decline in demand, the focus shifted away from coal-based generation. The plant load factor (PLF) of coal-based generation plants had been seeing a drop from March 2020. In March, the year-on-year PLF dropped by 16.4% which was more than 30% in April.

The utilisation rates of coal-based power plants are economically modelled to have a utilisation rate of over 70%. However, with the lockdown in place, the utilisation rate was almost half of this in April 2020. With the government identifying more than 30 plants to be non-performing assets, the under-utilisation rate would mean further coal-based plants stand the likelihood of being delayed.

As a future outlook, the government is looking at installing 450GW power capacity by 2040. The push for renewables is strong, with renewable tariffs more than 60% lower than the first-year tariffs set for proposed coal plants. This year, more than 70% of the annual additions are likely to be from renewable sources.

Looking at the future trend, the government would need to phase out coal by 2040 to adhere to the Paris Agreement. This would mean that the percentage of coal in the total generation would need to reduce by 3%-4% every year.

Related Companies

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology