Fresh capacity addition in thermal and hydro power plunged 69 per cent in the April-November period of this fiscal, as green energy gained momentum. Data by the Central Electricity Authority (CEA) shows only 1,330 Mw in thermal power was added as against 4,300 Mw a year ago, a fall of 69 per cent.
New capacity creation in hydro power recorded a marked dip of 70 per cent, from 465 Mw to 140 Mw, in the period under review. Thermal and hydro combined saw their fresh capacity additions tumbling 69 per cent till the end of November in FY19.
An industry source said, “The thermal power sector is burdened with stranded-asset risk and is facing great difficulty in accessing finance. Long-term power purchase agreements (PPAs) are also drying up and the sector is facing increasing competition from renewable energy sources.”
As per a report by US-based Institute for Energy Economics & Financial Analysis (IEEFA), the country’s thermal power capacity fell by 1,100 Mw in the April Read More
Latest posts by Business-Standard.com (see all)
- Services affected on Delhi Metro’s Blue Line - June 17, 2019
- How low prices prevent India from supplying power 24×7 to all homes - June 17, 2019
- Uttar Pradesh power utility proposes 25% hike in electricity tariffs - June 16, 2019