Hydro power generation in India posted a marginal revival in generation with a growth of over 3 per cent in 2017-18 after three-consecutive years of lean generation marred by below normal rains and less snowfall. Dry winter has affected the overall generation in the last quarter this year as well and snagged the generation at the country’s largest hydro company, National Hydro Power Corporation by 1.7 per cent compared to the last year.
Less snowfall in North and scanty rains across country in period between January-March this year is likely to affect generation in the first quarter of next financial year as well. “The dependence on coal based power will be more till arrival of monsoon,” a senior official at Punjab State Power Corporation Limited said. During summers, the agrarian states including Punjab require additional power to cater to demand for irrigation.
Despite less rains in winter, other centre owned major hydro companies namely SJVNL and NEEPCO posted increase of 2.5 % and 15% in generation in the current financial year compared to the previous year. BBMB, another centre owned power-cum-irrigation major recorded 2.7 per cent increase in generation in the current financial year compared to the last year.
As low as 60 per cent less rain in January and February this year has reduced the overall generation by 11 per cent in March in the country. The generation had increased by less than a percent in FY 17 while it had recorded drop of 6 % in FY 16 and 4 % in FY 15 compared to respective corresponding period.
In 2017-18, the generation grew to 126.1 per cent billion units compared to 122 billion units in the previous financial year.
The increase in generation this financial year is buttressed by high growth power generation in state owned utilities. The power utilities in Punjab (PSPCL) recorded growth of 20%, UP (UPJVNL) 26%, Kerela (KSEB) 28%, Himachal Pradesh (HPSEB) 28 %, Tamil Nadu (TNGDCL) 22% and Orissa (OHPC) 26 %, Jammu& Kashmir 7%, Sikkim (TUL) 1300 % and Telangana (TSGENCO) 23% in the current financial year. Read More
Latest posts by The Economic Times (see all)
- NHAI eyes Rs 5,000 crore from roads bidding - May 25, 2019
- US deadline ends, India stops purchasing Iranian oil - May 24, 2019
- INR91,000 crore time bomb: The IL&FS crisis continues to simmer - May 24, 2019