Uttar Pradesh’s electricity regulator has directed the state electricity distribution companies (discoms) not to sign any new power purchase agreements (PPAs) with thermal power plants till December 2022.
Keeping in mind the state’s failure to achieve its renewable purchase obligations (RPOs), the regulator instructed the discoms to signs new PPAs with renewable energy-based power sources, including hydro. The discoms were also suggested to invest in power storage technologies to meet the spurts of peak demand which lasts only for short durations.
The average power demand of the state is currently around 13,000 MW. During peak hours, demand rises to 22,000 MW. UP’s contracted PPA capacity is around 18,134 MW (14,161 MW thermal, 3,016 MW hydro and 958 MW renewable).
Barring the few hours of peak demand, most of the tied-up thermal power capacity remain underutilised. This is expected to cost the state Rs 4,797 crore as additional fixed charges in FY20. Read More
Latest posts by Financial Express (see all)
- Garib Rath trains are here to stay? Why Indian Railways had to clarify about these AC train services - July 20, 2019
- Oil climbs as Middle East tensions offset demand worries - July 20, 2019
- Focus Africa: President to visit three African countries, India’s energy security to be discussed - July 19, 2019