A sharp rise in generation from renewable and hydel sources has kept spot power prices in check, making adequate power available at affordable rates for meeting record demand due to the heat wave sweeping across the country.
“There is no shortage of power. There is plenty of renewable power available. Hydel systems like Bhakra-Beas have stored adequate water. Thermal plants are doing well. We are prepared (to meet demand spike),” power minister R K Singh told TOI.
A 24% increase in generation from renewable energy projects and 10% increase in supply from hydel projects in the April-May period have checked spot power prices in the region of Rs 3.40 in spite of the demand spike. This has allowed states to buy power to keep blackouts at bay. Read More
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