Weekly Power Sector Round up: 22nd January 2022

Power consumption grows 1.5% in first fortnight of January

India’s power consumption grew 1.5% in the first fortnight of January to 49.34 billion units (BU) year-on year. This, amidst local restrictions imposed by states to curb the third wave of COVID-19.

Peak power demand met or highest supply in a day rose to 179.59 GW during January 1 to 14 this year, compared to 178.88 GW in the same period of the previous year.

Solar module production capacity to rise 400% by FY25: CRISIL

India’s solar module manufacturing capacity is set to rise almost 400% by FY2021, according to ratings agency CRISIL.

The trend is projected via strong demand, favourable policies, likely improvement in energy efficiency and price competitiveness.

The imposition of a 40% custom duty on imported modules and production linked incentive (PLI) schemes are likely to eliminate the existing price gap between local and imported modules.