Weekly Power Sector Round up: 6th November 2021

Power consumption rises 4.8% in October

India’s power consumption grew 4.8% year-on-year in October to 114.37 billion units (BU) from 109 BU last October, having recovered from the coal shortages at thermal plants.

The peak power demand met this October stood at 174.6 GW, a 2.8% year-on-year increase from the 169.89 GW in the same month last year.

Power trade volume rises 36% on IEX in October

Power trade rose 36% to 9165 million units (MU) in October 2021 at the Indian Energy Exchange from 6743 MU traded in the same month last year.

With the shortage of coal reserves in the first half of the month, the average price per unit was at Rs 12. However, with various interventions to enhance the supply of coal, the price corrected to Rs 4.1 in the second half of the month.

Nepal to sell surplus power in India’s energy exchanges

Nepal will sell its surplus power to India as they’ve been allowed to trade on India’s energy exchanges.

Power generated by the Nepal Electricity Authority (NEA) owned 24MW Trishuli hydropower and 15MW Devighat power house, totaling to 39MW has been permitted to be traded on India’s energy exchanges. Both projects have been developed with India’s assistance.

Nepal had been importing power since last April 30. Nepal became an energy surplus country since the 456MW Upper Tamakoshi Hydropower Project came into full operation in August.