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May 22, 2020

Coronavirus company news summary – UK registers 40% YoY surge in power generation – New England grid to meet power demands

By Ilaria Grasso Macola

22 May

Wind farms in the UK registered a 40% year-on-year surge in output in the first quarter of this year, thereby overtaking fossil fuels. According to a report published by Electric Insights, ensuring that the grid isn’t overloaded by wind and solar is a challenge and a dip in demand due to Covid-19 lockdown has made it even tougher. National Grid has asked for emergency powers to switch off renewable generators if needed to limit supply.

JSW Energy’s agreement to acquire GMR Energy‘s entire stake in GMR Kamalanga Energy has been deferred due to the outbreak of the Covid-19 pandemic. GMR Kamalanga Energy owns and operates three units of 350MW capacity in the Indian state of Odisha. The deal was valued INR53.21bn ($701m), subject to working capital and other adjustments.

ISO New England has said that New England has more than necessary electric supplies to meet peak consumer demand this summer despite the Covid-19 outbreak. The body, which operates the six-state power grid, has registered a 3% to 5% decline in consumer demand attributable to the pandemic.

Reliance Power subsidiary Vidarbha Industries Power (VIPL) has decided to layoff 141 out of its 170 workers at the 600MW Butibori power plant in the Indian state of Maharashtra amid the coronavirus outbreak. The coal-based thermal power plant was closed since January last year and employees were carrying out only maintenance and preservation work. This work will now be carried out the remaining 29 employees.

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