The plant load factor or run rate of coal-fired plants is expected to increase by 300 basis points in the current fiscal, Crisil Ratings said on Monday, adding that a third of the 73 GW (gigawatt) private sector generation will benefit. Maximizing potential by improving its credit risk profile and driving operating profits to a five-year high.
The agency’s senior director Manish Gupta estimated annual coal-based capacity growth at 2% over the past five years against annual demand growth of 3.4%. He expects capacity addition of 3.5% (7 GW) this fiscal against 6% demand growth based on a 7.3% GDP growth estimate.
“Private players are against adding coal-based capacities in line with the government’s plan to meet 50% of the cumulative demand from renewable generation by 2030. However, renewable additions will meet barely a third of the incremental demand in fiscal year 2023 and the responsibility It will be on the coal producing companies to fill the gap,” said Gupta.
Ankit Haku, Director, Said All Time High Trader electricity prices In the last 12 months, it has started pushing DISCOMs (distribution companies) to enter into term contracts with Gencos. The trend will further accelerate on the back of a new central rule barring discoms from buying merchant power on Gencos’ unpaid bills.
of India annual electricity demand Rapid recovery in 2021-22, an increase of 8.2% compared to a year ago, “tracking growth of 8.7% in GDP (gross domestic product) as the impact of the pandemic subsides.
The power ministry said last week that energy demand is growing at 15-20% (month-on-month) from August-September 2021 onwards.
The Central Electricity Authority has estimated the total installed capacity of India at 401 GW. The coal based capacity is estimated at 2,04,079 MW (MW), hydro at 46,722 MW and renewable energy at 1,01,532 MW.