Peak power demand declines in Sept; renewable energy generation increases

Quick Summary:

By September 29, 2024, power plants had 13 days’ worth of coal, up from eight days the previous year.

Coal dispatches to power plants increased by 3 per cent during July and August, leading to higher stockpiles.

Despite this, power generation grew by nearly 2 per cent year-on-year, estimated at 152 BUs in September, more than fulfilling the country’s requirements.

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Category: BusinessFinance

Markets: India

Topics: CRISIL power report India's power sector Coal power Renewable energy growth Imported coal blending Power demand decline Thermal power plants Power generation sources GDP growth impact on power Electricity demand 2024 Hydro power increase Weather impact on power demand India power generation Power ministry Coal stockpile September power demand

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Article Type: News Report

Published On: 2024-10-07 @ 15:54:40 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 464 words

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News ID: 22921713

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