This summer, India’s power sector stress hurt one of the nation’s most industrialised states: Gujarat
Prime Minister Narendra Modi’s home state couldn’t meet the peak demand for the first time in seven years due to falling output at stressed plants. The deficit, which usually rises in summer, hit 7 percent in May—the highest since 7.5 percent in 2011, according to data by the Central Electricity Authority.
Gujarat’s power generation fell 15 percent over the year-ago month to 7,133 gigawatts in May. That was largely due to non-availability of power from Adani Power Ltd. and Essar Power Ltd., Pankaj Joshi, managing director at Gujarat Urja Vikas Nigam Ltd., said in response to BloombergQuint’s text messages. The shortfall was met by purchasing power under “bilateral arrangement and from power exchanges”. Read More
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