1. Home
  2. India
  3. Power Minister RK Singh meets companies, banks to restart 5 GW units – EQ Mag Pro
Power Minister RK Singh meets companies, banks to restart 5 GW units – EQ Mag Pro

Power Minister RK Singh meets companies, banks to restart 5 GW units – EQ Mag Pro


Union energy minister RK Singh on Monday held conferences with lenders, state authorities officers and energy challenge builders that would assist restart practically 5 GW of non-operational crops inside a month.

“Barring one or two plants which are not feasible to run as they have been shut down for 5-6 years and will take about one year time to revive, a clear roadmap for all other plants has been decided,” a senior official mentioned. “The plants are targeted to become operational within a month.”

Executives from Essar Power, Tata Power, Reliance Power, RattanIndia, and Coastal Energen, in addition to officers of Gujarat and Haryana, had been amongst those that attended the conferences to focus on a decision for 7Gw of commissioned however non-operational crops.

Senior officers from NTPC, State Bank of India, Power Finance Corp, REC Ltd, Axis Bank, SBI Caps and Punjab and National Bank had been additionally current.

Power minister mentioned individually all commissioned energy crops not operational with involved states, lenders and producing corporations to thrash out options, the official mentioned.

Industry sources additionally confirmed the progress saying many confused energy crops may grow to be operational quickly.

“The meeting has set the ball rolling for some of the projects. Lenders and state government officials have been asked to support the projects, while the project developers have been urged to arrange their contribution,” one other authorities official mentioned.

The tasks mentioned included Essar Power’s Salaya plant in Gujarat, Reliance Power’s Butibori and RattanInadia’s Nashik crops in Maharashtra, Coastal Energen and IL&FS Cuddalore crops in Tamil Nadu in addition to tasks of Meenakshi Energy and Simhapuri Thermal Power plant in Andhra Pradesh.

Separately, dwelling minister Amit Shah additionally met with Singh, coal minister Pralhad Joshi and Railways minister Ashwini Vaishnav to take inventory of the facility scenario and coal shares within the nation.

Marginal reduction

A slight drop in temperature over the weekend eased peak energy demand to 191 Gw from a excessive of 204-Gw a day in the past.

Better than anticipated decide up in wind-based electrical energy era over the past 2-3 days additionally decreased strain on thermal energy crops. Data confirmed wind era of 310 million units and 608 million units of whole renewable vitality era on May 1, a three-fold leap over the identical day a 12 months in the past.

Spot power prices in all segments on energy exchanges nonetheless remained excessive and the supply on the day-ahead market that was capped a month in the past was low.

Power crops had 22 million tonnes of coal shares on Sunday, sufficient to final for 9 days on the present consumption charge. Coal India Ltd (CIL) mentioned it equipped 15.6% extra coal to the facility sector in April 2022 in contrast to the identical month final 12 months. Supplies to energy crops had been at 49.7 million tonnes in April 2022 whereas despatch added up to 43 MT.

Pooled bids

The central authorities can be contemplating aggregating electrical energy demand from states and alluring energy provide bids to assist confused energy crops grow to be operational whereas rising electrical energy availability.

The bids are focused to ease the facility provide place within the nation as many commissioned tasks are languishing for need of contracts with energy distribution corporations, sources advised ET.

The energy ministry had earlier in 2018 and 2019 facilitated related aggregation schemes to assist crops that grew to become confused due to a scarcity of bids from states.

Source: PTI

Anand Gupta Editor - EQ Int'l Media Network