Power shortage lowest ever level of 2.1% in FY16: Piyush Goyal
Power shortage was at 2.1% -- the lowest level in a single year -- in last financial year, Parliament was informed on Thursday.
"During 2015-16, the energy shortage was 2.1%, which is the lowest ever in a single year," Power Minister Piyush Goyal said in a written reply to the Lok Sabha.
The minister further stated that India is importing power only from Bhutan at present. The imported power is mainly Bhutan's surplus power from hydro stations commissioned in Bhutan with the assistance from the Government of India. During 2015-16, energy imported from Bhutan was about 5 billion units (BU), the minister added.
TRENDING NOW

World Bank estimates Indian economy to grow at 6.3% in FY24; predicts service sector activity to grow at 7.4%

AMFI rejig: IRFC, Polycab and Jio Financial Services among others may enter large-cap category, says Nuvama

IND vs NED Free Live Streaming: When and How to Watch India vs Netherlands ODI World Cup 2023 warm-up Match Live on Web, TV, mobile apps online
During 2014-15, electricity shortage, when total demand outstrip supply during peak hours, was 3.6% whereas it was slightly higher at 4.2% in 2013-14 and 8.7% in 2012-13.
In another reply, the minister said that during the 12th Plan period, a target of 88,537 MW excluding 30,000 MW of Renewal Energy source, was fixed for capacity addition. Against this, cumulative capacity addition of 84,990.7 MW has been achieved as on March 31, 2016.
In a separate reply to the house, the minister said that at present, there is no shortage of coal in the country. None of the coal-based power generation plants across the country has reported any loss of generation due to shortage of coal during 2015-16.
The minister further stated that at present, as on April 21, 2016, coal stock at power plants has been reported to be more than 37 Million Tonne (MT) by power utilities which is sufficient for operation of power plants for about 25 days.
However, he said that at present, there is some deficit in availability of domestic gas."Due to government initiative, the scheme of utilisation of RLNG (Regassified Liquefied Natural Gas) helped in improving the generation from gas based power stations. During 2015-16, the growth of generation from gas based power station was 14.6% over the same period last year," he said.
Enhanced availability of domestic coal has offset shortage of gas and has resulted in growth in overall thermal generation from coal & gas based power plants to 7.4% during the year 2015-16 as well as reduction of 10.6 MT import of coal by power sector, he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

ONGC, Oil India under pressure after Centre's windfall tax move; MGL, Gujarat Gas rise post-gas price hike

Maruti, Tata Motors, Eicher Motors: Auto shares trade mixed; what brokerages suggest ahead of festive season

Gold and Silver price today (October 3, 2023): Precious metal futures trade under pressure; Gold below Rs 57,000

Traders' Diary: Buy, sell or hold strategy on Jubilant FoodWorks, RVNL, LTIMindtree, Federal Bank, AU Small Finance Bank, other a dozen other stocks today

From Maruti Suzuki to Tata Motors: Here's how top auto makers fared in terms of sales in September 2023
05:07 pm